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STOCK COMPARISON

American Assets Trust vs Goodman: Fair Value & Quality

Both stocks run through our valuation models. Here is how American Assets Trust (AAT) and Goodman (GMG) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees American Assets Trust as the less overvalued of the two: American Assets Trust trades at $21.49 versus a fair value of $9.95 (-54%), while Goodman trades at A$26.77 versus A$7.92 (-70%).
American Assets Trust
AAT · USD · Real Estate
-54%
upside to fair value
overvalued
Price$21.49
Fair Value$9.95
Quality55/100
Goodman
GMG.AU · AUD · Real Estate
-70%
upside to fair value
overvalued
PriceA$26.77
Fair ValueA$7.92
Quality61/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

American Assets TrustGoodman
Valuation
79.5×P/E (TTM)31.7×
4.27×P/S (TTM)13.91×
1.61×P/B1.85×
15.0×EV/EBITDA24.5×
9.34×PEG2.72×
−53.7%Fair value upside−70.4%
6.3%Dividend yield1.1%
$1.36Dividend per shareA$0.30
Profitability
24%Operating margin56%
1.30×EBIT margin trend (5Y)0.79×
2%Return on equity8%
2%Return on assets4%
Growth
2%Revenue growth (YoY)-16%
1.1%Avg. growth/yr (3Y)2.4%
4.8%Avg. growth/yr (5Y)8.1%
+20.4%Value creation/yr+3.2%
Balance & size
1.9×Interest coverage (EBIT/interest)2.0×
1.47×Debt / equity0.20×
$2BMarket cap$43B
mixedGrowth qualityhealthy

Goodman leads: 7 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

American Assets Trustof which business quality 53 · market factors 55 Goodmanof which business quality 61 · market factors 36
ProfitabilityMargins and returns on capital today
30
38
Quality GrowthAre margins and returns improving?
45
62
CashflowEarnings quality: real cash, not paper profit
81
76
Fin. StrengthBalance sheet, leverage, solvency risk
27
74
InvestmentDisciplined investing over empire-building
73
57
Low VolatilityCalm price path (market factor)
73
64
MomentumPrice trend over the last 3–12 months (market factor)
49
30
52W MomentumDistance to the 52-week high (market factor)
46
15
Net IssuanceShare count: buybacks or dilution?
79
55

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmerican Assets TrustPrice $21.49GoodmanPrice A$26.77
DCF Models-62%below the price$8.06-70%below the priceA$7.96
Dividend Discountn/a-82%below the priceA$4.92
Multiples-26%below the price$15.81-76%below the priceA$6.55
Asset-Based-53%below the price$10.05-71%below the priceA$7.64
Growth DCF-67%below the price$7.00-63%below the priceA$9.78
Economic Profit-47%below the price$11.29-63%below the priceA$9.80
Minimum-67%below the price$7.00-82%below the priceA$4.92
Maximum-26%below the price$15.81-63%below the priceA$9.80
Median-53%below the price$10.05-71%below the priceA$7.80
Geometric mean-53%below the price$10.02-72%below the priceA$7.57

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

American Assets Trust: 10 of 14 models see the stock below the current price.

Goodman: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

American Assets Trust
Price $21.49
Fair Value $9.95
Bear $9.95Bull $17.80
Goodman
Price A$26.77
Fair Value A$7.92
Bear A$4.88Bull A$10.95

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

American Assets Trust · Real Estate

Quality score55 · above median
Fair value upside-54% · bottom 25%

Goodman · Real Estate

Quality score61 · Top 25%
Fair value upside-70% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees American Assets Trust as the less overvalued of the two: American Assets Trust trades at $21.49 versus a fair value of $9.95 (-54%), while Goodman trades at A$26.77 versus A$7.92 (-70%).

Goodman has the higher quality score (61/100).

Open American Assets Trust live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.