Goodman Group (ASX:GMG) Forward PE Ratio : 34.72 (As of May. 06, 2024)

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What is Goodman Group Forward PE Ratio?

Goodman Group's Forward PE Ratio for today is 34.72.

Goodman Group's PE Ratio without NRI for today is 41.44.

Goodman Group's PE Ratio for today is 41.44.

Goodman Group Forward PE Ratio Historical Data

The historical data trend for Goodman Group's Forward PE Ratio 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.

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Goodman Group Forward PE Ratio Chart

Goodman Group Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

15.97

16.98

18.66

22.12

24.21

29.85

34.48

19.16

24.51

34.72

Goodman Group Semi-Annual Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	15.97	16.05	17.06	17.33	16.98	17.21	17.39	17.89	18.66	17.27	19.61	20.88	22.12	24.57	26.67	24.75	24.21	17.70	25.06	28.82	29.85	25.77	28.57	30.49	34.48	26.53	21.41	17.36	19.16	18.59	20.79	20.79	24.51	35.97

Competitive Comparison of Goodman Group's Forward PE Ratio

For the Real Estate - Diversified subindustry, Goodman Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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's Forward PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Goodman Group's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Goodman Group's Forward PE Ratio falls into.

Goodman Group Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Goodman Group (ASX:GMG) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Goodman Group Forward PE Ratio Related Terms

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Goodman Group (ASX:GMG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GMGSF:USA

Address

1-11 Hayes Road, The Hayesbery, Rosebery, Sydney, NSW, AUS, 2018

Website

https://www.goodman.com

Goodman Group develops and manages industrial property investments worldwide. Rather than taking all risks on its own balance sheet, most Goodman developments are on behalf of end-user tenants, and funds management clients. A typical deal involves purchasing land for a tenant who wants to occupy the site, and/or an investor who will own the asset via a Goodman investment vehicle. Goodman charges leasing fees for locking in tenants, and fees for managing the development. Completed projects reside in Goodman investment vehicles, and Goodman charges asset and investment management fees to investors, in return for collecting rent and managing the site. Goodman retains a minority stake in many projects, generating rental income and aligning its interests with its funds management clients.

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