Goodman Group (GMG) - Net Assets

Latest as of December 2025: AU$23.75 Billion AUD

Based on the latest financial reports, Goodman Group (GMG) has net assets worth AU$23.75 Billion AUD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$30.32 Billion) and total liabilities (AU$6.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$23.75 Billion
% of Total Assets 78.32%
Annual Growth Rate 15.1%
5-Year Change 77.11%
10-Year Change 177.72%
Growth Volatility 646.51

Goodman Group - Net Assets Trend (2001–2025)

This chart illustrates how Goodman Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Goodman Group (2001–2025)

The table below shows the annual net assets of Goodman Group from 2001 to 2025.

Year Net Assets Change
2025-06-30 AU$23.31 Billion +32.91%
2024-06-30 AU$17.54 Billion -2.70%
2023-06-30 AU$18.02 Billion +9.74%
2022-06-30 AU$16.42 Billion +24.79%
2021-06-30 AU$13.16 Billion +14.24%
2020-06-30 AU$11.52 Billion +9.49%
2019-06-30 AU$10.52 Billion +14.70%
2018-06-30 AU$9.17 Billion +6.40%
2017-06-30 AU$8.62 Billion +2.73%
2016-06-30 AU$8.39 Billion +13.79%
2015-06-30 AU$7.38 Billion +18.39%
2014-06-30 AU$6.23 Billion +6.76%
2013-06-30 AU$5.84 Billion +12.78%
2012-06-30 AU$5.17 Billion +3.21%
2011-06-30 AU$5.01 Billion +6.19%
2010-06-30 AU$4.72 Billion +24.99%
2009-06-30 AU$3.78 Billion -19.09%
2008-06-30 AU$4.67 Billion +1.99%
2007-06-30 AU$4.58 Billion +15.28%
2006-06-30 AU$3.97 Billion +28.39%
2005-06-30 AU$3.09 Billion +21.64%
2004-06-30 AU$2.54 Billion +3241.39%
2003-06-30 AU$76.10 Million -93.08%
2002-06-30 AU$1.10 Billion +37.99%
2001-06-30 AU$797.00 Million --

Equity Component Analysis

This analysis shows how different components contribute to Goodman Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 967670000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$9.68 Billion 41.51%
Common Stock AU$12.39 Billion 53.15%
Other Comprehensive Income AU$1.25 Billion 5.34%
Total Equity AU$23.31 Billion 100.00%

Goodman Group Competitors by Market Cap

The table below lists competitors of Goodman Group ranked by their market capitalization.

Company Market Cap
Microchip Technology Inc
NASDAQ:MCHP
 		$42.51 Billion
Elite Material Co Ltd
TW:2383
 		$42.80 Billion
ASSA ABLOY AB (publ)
ST:ASSA-B
 		$43.07 Billion
Suzhou TFC Optical Communication Co Ltd
SHE:300394
 		$43.15 Billion
Telstra Group Ltd
AU:TLS
 		$42.45 Billion
Danske Bank A/S
CO:DANSKE
 		$42.40 Billion
Aselsan Elektronik Sanayi ve Ticaret AS
IS:ASELS
 		$42.28 Billion
American International Group Inc
NYSE:AIG
 		$42.22 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Goodman Group's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 17,537,900,000 to 23,310,100,000, a change of 5,772,200,000 (32.9%).
  • Net income of 1,666,400,000 contributed positively to equity growth.
  • Dividend payments of 571,600,000 reduced retained earnings.
  • Share repurchases of 4,044,600,000 reduced equity.
  • New share issuances of 4,044,600,000 increased equity.
  • Other comprehensive income increased equity by 507,700,000.
  • Other factors increased equity by 4,169,700,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$1.67 Billion +7.15%
Dividends Paid AU$571.60 Million -2.45%
Share Repurchases AU$4.04 Billion -17.35%
Share Issuances AU$4.04 Billion +17.35%
Other Comprehensive Income AU$507.70 Million +2.18%
Other Changes AU$4.17 Billion +17.89%
Total Change AU$- 32.91%

Book Value vs Market Value Analysis

This analysis compares Goodman Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.49x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 1.50x to 2.49x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-06-30 AU$19.55 AU$29.38 x
2006-06-30 AU$11.91 AU$29.38 x
2007-06-30 AU$12.22 AU$29.38 x
2008-06-30 AU$11.13 AU$29.38 x
2009-06-30 AU$6.36 AU$29.38 x
2010-06-30 AU$3.46 AU$29.38 x
2011-06-30 AU$3.17 AU$29.38 x
2012-06-30 AU$3.13 AU$29.38 x
2013-06-30 AU$3.25 AU$29.38 x
2014-06-30 AU$3.37 AU$29.38 x
2015-06-30 AU$3.85 AU$29.38 x
2016-06-30 AU$4.35 AU$29.38 x
2017-06-30 AU$4.43 AU$29.38 x
2018-06-30 AU$4.94 AU$29.38 x
2019-06-30 AU$5.64 AU$29.38 x
2020-06-30 AU$6.13 AU$29.38 x
2021-06-30 AU$6.95 AU$29.38 x
2022-06-30 AU$8.60 AU$29.38 x
2023-06-30 AU$9.39 AU$29.38 x
2024-06-30 AU$9.25 AU$29.38 x
2025-06-30 AU$11.80 AU$29.38 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Goodman Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.15%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 75.51%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 1.35x
  • Recent ROE (7.15%) is below the historical average (10.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 7.58% 56.66% 0.09x 1.46x AU$-19.30 Million
2002 9.02% 61.48% 0.08x 1.74x AU$-9.43 Million
2003 22.34% 44.04% 0.28x 1.78x AU$9.39 Million
2004 78.56% 46.19% 0.02x 89.46x AU$32.29 Million
2005 -0.06% -0.84% 0.04x 1.71x AU$-304.09 Million
2006 12.66% 95.42% 0.08x 1.71x AU$105.09 Million
2007 13.67% 76.33% 0.09x 2.01x AU$167.05 Million
2008 5.77% 30.44% 0.09x 2.22x AU$-184.15 Million
2009 -32.38% -155.64% 0.08x 2.48x AU$-1.47 Billion
2010 -14.34% -99.07% 0.07x 1.94x AU$-954.96 Million
2011 8.83% 58.57% 0.09x 1.70x AU$-52.08 Million
2012 8.41% 60.88% 0.08x 1.69x AU$-77.28 Million
2013 2.93% 18.72% 0.10x 1.62x AU$-389.42 Million
2014 11.13% 56.69% 0.12x 1.59x AU$66.84 Million
2015 17.13% 76.59% 0.14x 1.60x AU$502.97 Million
2016 15.80% 60.80% 0.17x 1.54x AU$467.85 Million
2017 9.38% 39.45% 0.16x 1.53x AU$-51.54 Million
2018 11.97% 44.04% 0.19x 1.47x AU$180.83 Million
2019 15.47% 57.10% 0.19x 1.42x AU$575.65 Million
2020 13.06% 100.58% 0.09x 1.40x AU$352.04 Million
2021 17.57% 123.90% 0.11x 1.28x AU$995.75 Million
2022 20.79% 166.03% 0.10x 1.31x AU$1.77 Billion
2023 8.65% 79.44% 0.08x 1.34x AU$-242.58 Million
2024 -0.56% -5.15% 0.08x 1.36x AU$-1.85 Billion
2025 7.15% 75.51% 0.07x 1.35x AU$-664.61 Million

Industry Comparison

This section compares Goodman Group's net assets metrics with peer companies in the REIT - Diversified industry.

Industry Context

  • Industry: REIT - Diversified
  • Average net assets among peers: $3,466,285,988
  • Average return on equity (ROE) among peers: 22.31%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Goodman Group (GMG) AU$23.75 Billion 7.58% 0.28x $42.51 Billion
Abacus Group (ABG) $2.90 Billion 12.73% 0.40x $632.32 Million
Charter Hall Group (CHC) $1.31 Billion 16.42% 0.08x $6.95 Billion
Charter Hall Long Wale REIT (CLW) $4.07 Billion -4.64% 0.52x $1.76 Billion
Centuria Capital Group (CNI) $118.85 Million 7.21% 3.64x $936.76 Million
Fat Prophets Global Property Fund (FPP) $18.83 Million 8.83% 0.04x $14.61 Million
GPT Group (GPT) $6.93 Billion 9.31% 0.47x $6.33 Billion
HMC Capital Ltd (HMC) $446.54 Million 115.62% 1.01x $721.12 Million
Mirvac Group (MGR) $7.18 Billion 14.39% 0.56x $4.97 Billion
Stockland (SGP) $8.22 Billion 20.88% 0.67x $7.40 Billion

About Goodman Group

AU:GMG Australia REIT - Diversified
Market Cap
$42.51 Billion
AU$60.08 Billion AUD
Market Cap Rank
#553 Global
#10 in Australia
Share Price
AU$29.38
Change (1 day)
-0.51%
52-Week Range
AU$25.02 - AU$36.14
All Time High
AU$38.63
Categories
Companies in Australia REIT - Diversified
About

Goodman Group is a provider of essential infrastructure. It owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, that are critical to the digital economy. Goodman has operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. Goodman Group, comprised of the stapled entities Goo… Read more