Growthpoint Properties Australia (GOZ) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Growthpoint Properties Australia stock A$2.36, price A$2.05, upside +15.1%, quality 73 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range A$1.54 – A$3.17 · fair‑value band A$1.47 – A$3.77 · the A$2.05 price screens below the A$2.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Growthpoint Properties Australia vision is to create sustainable value in everything they do, by being the forward-thinking, trusted partner of choice. Since 2009, They been investing in high-quality Australian real estate.
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Growthpoint Properties Australia directly owned portfolio comprises modern, high-quality, office and industrial properties. Through funds management business, they also manage a portfolio of office, industrial and retail assets for third-party wholesale syndicates and institutional investors.
Growthpoint Properties Australia are an internally managed real estate investment trust (REIT), with a focused, passionate and agile team committed to delivering results together.
They are dedicated to genuine, long-standing relationships, fostered through innovation, collaboration and the pursuit of being a great partner.
They are committed to operating in a sustainable way and reducing our impact on the environment and are proud to have achieved our Net Zero Target by 1 July 2025 across our directly owned operationally controlled office assets and corporate activities.
Growthpoint Properties Australia is listed on the ASX and is part of the S&P/ASX 300. Moodys has assigned a Baa2 domestic backed senior secured bank credit facility rating. Growthpoint Properties Australia was established on February 22, 2007 and incorporated in Australia.
Stock analysis
Growthpoint Properties Australia (GOZ) currently trades at A$2.05, while our model-based Fair Value estimate is A$2.36, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of A$2.53 per share, and 10 of the 16 models we run sit above the A$2.05 price.
Bear case: the Growth DCF group reads lowest at A$1.83, and 6 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$1.47 (bear) to A$3.77 (bull), the price of A$2.05 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Growthpoint Properties Australia reported revenue of A$331M in FY2026 versus A$312M in FY2022, a compound +1.5%/yr. Reported net income was A$90.1M in FY2026, compounding −33.4%/yr from FY2022.
Key figures
Market cap A$1.5B (≈ $1.1B) Small · P/E ratio 17.2 · P/S ratio 4.64 · EPS (TTM) A$0.1194 · Dividend yield 9.0% · Net margin 27.2% · Return on equity 3.9% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at 15%, GOZ screens cheaper than that median.
Fair Value models
BearA$1.47Fair Value A$2.36BullA$3.77
Price A$2.05 · Upside +15.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
Start year 2021 (pandemic). Over 10 years: +4.4% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.4%
Dividend (yield on the price)9.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−27.4% vs −12.0%, slowing
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +11.2% a year for the price.
Compare Growthpoint Properties Australia with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 63 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+15.1% · Above median
Profitability
Return on equity (12 months)3.9% · Above median
Return on assets2.1% · Above median
Net margin (12 months)27.2% · Above median
Operating margin (12 months)66.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.4% · Below median
Dividend yield (12 months)9.0% · Top 25%
Balance sheet
Debt / equity0.70× · Above median
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/E (12 months)17.2× · Cheaper than median
P/B0.68× · Pricier than median
P/S (12 months)4.64× · Pricier than median
Price / free cash flow (fiscal year)10.7× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Growthpoint Properties Australia Fair Value". https://www.fairvalue-calculator.com/stock/GOZ
Frequently asked questions
Is Growthpoint Properties Australia (GOZ) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of A$2.36 versus a price of A$2.05, about +15% upside (undervalued).
What is the fair value of GOZ?
Our model-based fair value for Growthpoint Properties Australia is A$2.36 (as of Nov 5, 2026), built from audited fundamentals. The current price: A$2.05.
What is the quality score of GOZ?
Growthpoint Properties Australia has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Growthpoint Properties Australia (GOZ)?
Our model-based price target is the fair value of A$2.36 (as of Nov 5, 2026) from 16 valuation models. Cautious scenario A$1.47, optimistic scenario A$3.77. It is a calculation from audited fundamentals, not an analyst target.
What is the Growthpoint Properties Australia stock forecast for 2026?
Our models put fair value at A$2.36, about +15% upside versus a price of A$2.05 (undervalued). Cautious scenario A$1.47, optimistic scenario A$3.77. The calculation is refreshed regularly with new filings.
What is the revenue of Growthpoint Properties Australia (GOZ)?
Growthpoint Properties Australia reported trailing-twelve-month revenue of about A$334M (latest available figure, as of Nov 5, 2026).
Does Growthpoint Properties Australia pay a dividend?
Growthpoint Properties Australia currently shows a dividend yield of 8.98% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Growthpoint Properties Australia (GOZ) and when is the ex-dividend date?
Growthpoint Properties Australia pays a dividend of A$0.184 per share a year, a dividend yield of 9.0%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 118% of earnings (on adjusted earnings, reported 153%). Free cash flow covers the dividend 1.04 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into Growthpoint Properties Australia (GOZ)?
For today's price to be fair in a discounted-cash-flow model, Growthpoint Properties Australia would have to grow free cash flow by +14.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of GOZ use?
Our models discount Growthpoint Properties Australia at 10.6 %: a base by market capitalisation (small), damped by beta 0.87, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Growthpoint Properties Australia that is +14.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Growthpoint Properties Australia (GOZ) delivered so far?
Over the past 5 years revenue at Growthpoint Properties Australia grew +2.4 % a year. The price currently implies free-cash-flow growth of +14.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Growthpoint Properties Australia (GOZ) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Growthpoint Properties Australia (+14.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Growthpoint Properties Australia (GOZ)?
The free-cash-flow yield on the price is 9.34 %: that much free cash flow Growthpoint Properties Australia produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Growthpoint Properties Australia (GOZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Growthpoint Properties Australia it is A$2.36 per share (as of Nov 5, 2026), against a price of A$2.05. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Growthpoint Properties Australia stock overvalued or undervalued in 2026?
As of Nov 5, 2026, GOZ trades below its calculated fair value: price A$2.05, fair value A$2.36, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GOZ?
No. The price is what the market pays today (A$2.05); the fair value is what the company's own numbers justify (A$2.36). For Growthpoint Properties Australia the two are A$0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Growthpoint Properties Australia worth?
The market values Growthpoint Properties Australia at about A$1.5B (market capitalisation, as of Nov 5, 2026). Per share that is A$2.05; our models calculate a fair value of A$2.36 per share.
What do the bullish and bearish scenarios say about GOZ?
Our models span a range for Growthpoint Properties Australia: cautious scenario A$1.47, base A$2.36, optimistic A$3.77 per share (as of Nov 5, 2026, price A$2.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GOZ?
Growthpoint Properties Australia trades at a price-to-earnings ratio of 17.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$2.36 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 13.2 (reported 17.2). Median P/E at fiscal year-end, 7 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 7.3. Other multiples: PEG 2.6, P/B 0.7, P/S 4.6, EV/EBITDA 13.7.
What is the PEG ratio of GOZ?
The PEG ratio of Growthpoint Properties Australia is 2.63 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Growthpoint Properties Australia (GOZ)?
Balance-sheet figures for Growthpoint Properties Australia (as of Nov 5, 2026): return on equity 3.9%, debt of 0.70 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is GOZ from its 52-week high?
Growthpoint Properties Australia trades at A$2.05, about 15% below its 52-week high of A$2.40 and 11% above the low of A$1.85 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$2.36 is for.
Which stocks are comparable to Growthpoint Properties Australia?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Alexandria Real Estate Equities, Inc, Vornado Realty Trust, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Growthpoint Properties Australia stock attractive at the current price?
The data as of Nov 5, 2026: price A$2.05, calculated fair value A$2.36 (+15%), Quality Score 73/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GOZ calculated?
We run Growthpoint Properties Australia through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$2.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Growthpoint Properties Australia currently trades 13% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Growthpoint Properties Australia (GOZ)?
The closing price on Nov 9, 2026 was A$2.05. Our model-based fair value is A$2.36, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Growthpoint Properties Australia right now?
A fairly wide model range (A$1.47 to A$3.77) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Growthpoint Properties Australia
How large is the market capitalisation of Growthpoint Properties Australia (GOZ)?
The market capitalisation of Growthpoint Properties Australia is A$1.5B (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Growthpoint Properties Australia (GOZ)?
The price-to-sales ratio of Growthpoint Properties Australia is 4.64 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Growthpoint Properties Australia (GOZ)?
Earnings per share at Growthpoint Properties Australia are A$0.1194 (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Growthpoint Properties Australia (GOZ)?
The dividend yield of Growthpoint Properties Australia is 9.0% (payout 118%, on adjusted earnings, reported 153%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Growthpoint Properties Australia (GOZ)?
The net margin of Growthpoint Properties Australia is 27.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Growthpoint Properties Australia (GOZ)?
The return on equity (ROE) of Growthpoint Properties Australia is 3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Growthpoint Properties Australia (GOZ)?
On an EBIT basis the return on assets of Growthpoint Properties Australia is 4.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Growthpoint Properties Australia (GOZ)?
The operating margin of Growthpoint Properties Australia is 66.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Growthpoint Properties Australia (GOZ)?
Revenue at Growthpoint Properties Australia is growing +0.4% versus a year earlier (3y avg −1.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Growthpoint Properties Australia (GOZ)?
Earnings per share at Growthpoint Properties Australia are growing −75.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Growthpoint Properties Australia (GOZ) carry?
The net debt of Growthpoint Properties Australia is A$1.9B (fiscal year 2026, ≈ 13.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026