Goodman GroupFRA:MY4 +1.01%82 ROE % is 7.03% as of Dec. 2025, which is 46% below its 10-year median of 13.11. GuruFocus rates FRA:MY4 with a GF Score™ of 82/100 and a GF Value™ of €23.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 933 REITs companies, Goodman Group ranks better than 61.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Goodman Group's annualized net income for the quarter that ended in Dec. 2025 was €936 Mil. Goodman Group's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €13,317 Mil. Therefore, Goodman Group's annualized ROE % for the quarter that ended in Dec. 2025 was 7.03%.
The historical rank and industry rank for Goodman Group's ROE % or its related term are showing as below:
FRA:MY4'
s ROE % Range Over the Past 10 Years
Min: -0.56 Med: 13.11 Max: 23.08
Current: 7.69
During the past 13 years, Goodman Group's highest ROE % was 23.08%. The lowest was -0.56%. And the median was 13.11%.
FRA:MY4's ROE % is ranked better than 61.84% of 933
companies
in the REITs industry
Industry Median: 6.15
vs FRA:MY4: 7.69
Goodman Group (FRA:MY4) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Goodman Group ROE % Related Terms
Goodman Group ROE % Historical Data
* Premium members only.
The historical data trend for Goodman Group's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Diversified subindustry, Goodman Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Goodman Group ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Goodman Group's ROE % distribution charts can be found below:
* The bar in red indicates where Goodman Group's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Goodman Group (FRA:MY4) has a ROE % of 7.03% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Goodman Group and its competitors. This is 46% below median its historical median of 13.11. According to the industry distribution chart, Goodman Group ranks #356 out of 933 companies in the REITs industry, placing it in the top 38.2%.
Is Goodman Group's ROE % too high?
Goodman Group's current ROE % of 7.03% is 46% below median its 10-year median of 13.11. The REITs industry median ROE % is 6.15. Goodman Group's value of 7.03% is 14.3% above this industry median. Based on the distribution chart, Goodman Group ranks #356 out of 933 companies in the REITs industry, which is above the industry midpoint. Overall, Goodman Group has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goodman Group's ROE % compare to VICI and WPC?
According to the REITs industry distribution chart, Goodman Group ranks #356 out of 933 companies for ROE %. This puts Goodman Group in the upper half of its industry. The industry median ROE % is 6.15. Goodman Group's value of 7.03% is 14.3% above this benchmark. While the company's 10-year median is 13.11 vs. the industry median of 6.15, Goodman Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman Group's current ROE % of 7.03% is 14.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Goodman Group and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman Group's current ROE % is 7.03%, which is 46% below median its own 10-year median of 13.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman Group stock overvalued right now?
Based on GuruFocus' analysis, Goodman Group (FRA:MY4) is currently considered Modestly Undervalued. The stock's GF Value™ is €23.42, compared to a current price of €19.37 — trading 17.3% below its estimated fair value. The current ROE % is 7.03%, which is 46% below median its 10-year median of 13.11 and 14.3% above the REITs industry median of 6.15. Goodman Group's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Goodman Group (FRA:MY4), the current ROE % is 7.03% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Goodman Group (FRA:MY4) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman Group stock appears to be undervalued.
The current stock price of €19.37 is trading 17.3% below its estimated GF Value™ of €23.42.
GuruFocus considers Goodman Group to be Modestly Undervalued.
Key valuation signals for FRA:MY4:
ROE %: 7.03% (46% below median its 10-year median of 13.11)
GF Value™: €23.42 vs. price of €19.37 (17.3% below fair value)
Industry Position: 14.3% above the REITs median (#356 of 933)
No single metric tells the full story. See the FRA:MY4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman Group owns, manages, and develops industrial properties in 13 countries, historically in Australia but increasingly worldwide. Around half of its operating earnings come from development, a third from management, and the rest from property investment. Most developments are undertaken on behalf of third parties or fund investors. Goodman earns fees in return for development management services. Completed projects are either sold or reside in one of Goodman's funds or partnerships. Goodman typically retains ownership stakes in the investment vehicles and continues to manage the sites after completion, collecting investment management base fees, performance fees, property services fees, and a share of rental income.
82GF Score
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