Goodman Group (ASX:GMG) Could Be 24% Undervalued On Data Center Growth Plans

Simply Wall St.10-17 08:37

Goodman Group (ASX:GMG) is back in focus after fresh attention on its expanding data center pipeline, along with new power and capital partnerships that some investors link to a perceived gap between ...

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Goodman Group’s share price is A$26.39, with the stock down 14.37% on a year to date share price basis and its 1-year total shareholder return declining 20.90%. However, the 3-year total shareholder return of 28.65% points...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMZZ":"2倍做多AMZN ETF-GraniteShares","BK7099":"工业房地产投资信托","WDAI":"Pacer S&P World 3AI Top 300 ETF","WIP":"SPDR FTSE International Government Inflation-Protected Bond ETF","AMAA":"Corgi AMZN 2x Daily ETF","DTCR":"Global X Data Center & Digital Infrastructure ETF","BK6051":"信息科技咨询与其它服务","LYY.SI":"中云集团","CLOU":"Global X Cloud Computing ETF","AMZD":"1倍做空AMZN ETF-Direxion","AMZG":"Leverage Shares 2X Long AMZN Daily ETF","BK7155":"工业房地产信托","AMZO":"Tradr 2x Short Amzn Daily Etf","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","FWD":"AB DISRUPTORS ETF","GMG.AU":"GOODMAN GROUP","AMZU":"2倍做多AMZN ETF-Direxion","AZYY":"GraniteShares YieldBOOST AMZN ETF","BLOK":"Amplify Transformational Data Sharing ETF","BERZ":"MicroSectors FANG & Innovation -3X Inverse Leveraged ETN","AIBU":"Direxion Daily AI and Big Data Bull 2X ETF","AMZW":"Roundhill AMZN WeeklyPay™ ETF","BK7510":"REITs概念","AMZY":"AMZN期权收益策略ETF-YieldMax"},"translate_title":"古德曼集团 (ASX:GMG) 的数据中心增长计划可能被低估 24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLOU":0.71,"AMZY":0.71,"AMAA":0.6,"AMZU":0.6,"AMZZ":0.6,"AZYY":0.6,"BERZ":0.82,"AIBU":0.82,"FWD":0.71,"DTCR":1.5,"AMZD":0.6,"AMZO":0.6,"GMG.AU":1.5,"BLOK":1.5,"WDAI":0.82,"AMZP":0.6,"AMZW":0.6,"WIP":1,"AMZG":0.6,"LYY.SI":1.5},"content_text":"Goodman Group (ASX:GMG) is back in focus after fresh attention on its expanding data center pipeline, along with new power and capital partnerships that some investors link to a perceived gap between price and estimated intrinsic value. Recent trading reflects that debate. Goodman Group’s share price is A$26.39, with the stock down 14.37% on a year to date share price basis and its 1-year total shareholder return declining 20.90%. However, the 3-year total shareholder return of 28.65% points to momentum built over a longer horizon. Scan the wider data center and infrastructure trend by comparing Goodman Group with a hand-picked set of 55 AI infrastructure stocks that could be preparing for their next significant phase. Goodman Group has given back a chunk of its recent gains, even as its data center plans and fresh cash flow projections attract fresh attention. Is most of the upside already behind the stock, or is the rerating only partly complete? AdvertisementMost Popular Narrative: 24% Undervalued Goodman Group’s most followed narrative places fair value at A$34.64 per share, well above the recent A$26.39 close. This puts the data center build out and capital partnerships in sharp focus for anyone weighing that gap.  Acceleration in data center development, supported by secured power in high-barrier-to-entry metro locations and capital partnerships, positions Goodman to benefit from AI, cloud, and digital infrastructure demand, with a significant increase in Work-In-Progress (WIP) expected to drive revenue and long-term earnings growth.  See why 82 investors see Goodman Group as 24% undervalued. Result: Fair Value of A$34.64 (UNDERVALUED) Still, the Goodman Group story can shift quickly if large data center projects face execution delays or if external capital partners pull back on funding commitments. Find out about the key risks to this Goodman Group narrative. Another View: Goodman Group Looks Expensive On Earnings The DCF and fair value narrative suggest Goodman Group is worth between A$33.19 and A$34.64 per share, indicating potential upside from the A$26.39 price. Through a simple earnings lens, however, the picture is tighter. The stock trades on a P/E of 19.4x compared with a fair ratio of 12.7x, the Australian Industrial REITs average of 11.5x, and the global peer mark of 15.3x. That richer multiple can indicate paying a premium for quality or taking on more valuation risk if the data center story does not play out as expected, so investors need to consider which side of that trade they are comfortable supporting. See what the numbers say about this price — find out in our valuation breakdown. ASX:GMG P/E Ratio as at Oct 2026Next Steps Curious whether the crowd optimism around Goodman Group really fits your own risk profile and return expectations? Take a few minutes to test the thesis against the data yourself, then weigh it against the 4 key rewards. Looking for more investment ideas beyond Goodman Group? If Goodman Group has sharpened your thinking, do not stop with a single stock. Apply the same disciplined approach to new ideas before allocating capital elsewhere.  Target potential value opportunities early by scanning a focused group of 4 high quality undervalued stocks that pair resilient balance sheets with attractive pricing. Strengthen portfolio foundations by reviewing a curated list of solid balance sheet and fundamentals (12 results) built to handle tougher conditions without stretching financial risk. Explore further possibilities by searching through a 15 high quality undiscovered gems that combines quality metrics with limited current market attention.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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