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10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Goodman New Zealand and Goodman Property Services's 10-Year ROIIC % for the quarter that ended in Mar. 2025 was 2.71%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Goodman New Zealand and Goodman Property Services (FRA:NJK) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Goodman New Zealand and Goodman Property Services 10-Year ROIIC % Related Terms
Goodman New Zealand and Goodman Property Services 10-Year ROIIC % Historical Data
* 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.
Goodman New Zealand and Goodman Property Services 10-Year ROIIC % Chart
Goodman New Zealand and Goodman Property Services Annual Data
* 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 New Zealand and Goodman Property Services 10-Year ROIIC % vs REITs Industry
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( 89.1607278 (Mar. 2025) - 70.748 (Mar. 2015) )
/
( 2510.268 (Mar. 2025) - 1597.555 (Mar. 2015) )
=
18.4127278
/
912.713
=
2.02%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a 10-Year ROIIC % of 2.71 as of Mar. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. According to the industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #352 out of 559 companies in the REITs industry, placing it in the top 63%.
Is Goodman New Zealand and Goodman Property Services' 10-Year ROIIC % too high?
Goodman New Zealand and Goodman Property Services' current 10-Year ROIIC % is 2.71. The REITs industry median 10-Year ROIIC % is 3.67. Goodman New Zealand and Goodman Property Services' value of 2.71 is 26.2% below this industry median. Based on the distribution chart, Goodman New Zealand and Goodman Property Services ranks #352 out of 559 companies in the REITs industry, which is below the industry midpoint. Overall, Goodman New Zealand and Goodman Property Services has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Goodman New Zealand and Goodman Property Services' 10-Year ROIIC % compare to PLD and PSA?
According to the REITs industry distribution chart, Goodman New Zealand and Goodman Property Services ranks #352 out of 559 companies for 10-Year ROIIC %. This places Goodman New Zealand and Goodman Property Services in the lower half of its industry. The industry median 10-Year ROIIC % is 3.67. Goodman New Zealand and Goodman Property Services' value of 2.71 is 26.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a REITs company?
The median 10-Year ROIIC % among REITs companies is 3.67, based on 559 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goodman New Zealand and Goodman Property Services's current 10-Year ROIIC % of 2.71 is 26.2% below 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Goodman New Zealand and Goodman Property Services and its competitors. For the REITs industry, the median 10-Year ROIIC % is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodman New Zealand and Goodman Property Services's current 10-Year ROIIC % is 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodman New Zealand and Goodman Property Services stock overvalued right now?
Goodman New Zealand and Goodman Property Services (FRA:NJK) has a current 10-Year ROIIC % of 2.71. The stock's GF Value™ is €0.74, compared to a current price of €0.98 — trading 31.8% above its estimated fair value. The current 10-Year ROIIC % is 2.71 and 26.2% below the REITs industry median of 3.67. Goodman New Zealand and Goodman Property Services' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Goodman New Zealand and Goodman Property Services (FRA:NJK), the current 10-Year ROIIC % is 2.71 as of Mar. 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 New Zealand and Goodman Property Services (FRA:NJK) Overvalued in 2026?
Based on GuruFocus' analysis, Goodman New Zealand and Goodman Property Services stock appears to be overvalued.
The current stock price of €0.98 is trading 31.8% above its estimated GF Value™ of €0.74.
Key valuation signals for FRA:NJK:
10-Year ROIIC %: 2.71
GF Value™: €0.74 vs. price of €0.98 (31.8% above fair value)
Industry Position: 26.2% below the REITs median (#352 of 559)
No single metric tells the full story. See the FRA:NJK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodman New Zealand Ltd and Goodman Property Services Ltd, formerly known as Goodman Property Trust, is one of New Zealand's property trusts, with a portfolio composed of industrial estates, businesses, and a development bank. After selling its Christchurch assets, Goodman is 100% Auckland-centric. The focus over the next few years will be on selling lower-quality assets and redeploying capital to industrial property in strategically important locations. The investment is premised on management's view that industrial assets in premium locations will generate superior long-term returns from lower average vacancy and higher rent growth.
78GF Score
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