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STOCK COMPARISON

Goodman vs Suntec Real Estate Investment Trust: Fair Value & Quality

Both stocks run through our valuation models. Here is how Goodman (GMG) and Suntec Real Estate Investment Trust (T82U) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees Suntec Real Estate Investment Trust as the less overvalued of the two: Goodman trades at A$25.91 versus a fair value of A$12.61 (−51.3%), while Suntec Real Estate Investment Trust trades at S$1.34 versus S$1.02 (−23.9%).
Goodman
GMG.AU · AUD · Real Estate
−51.3%
upside to fair value
overvalued
PriceA$25.91
Fair ValueA$12.61
Quality66/100
Suntec Real Estate Investment Trust
T82U.SG · SGD · Real Estate
−23.9%
upside to fair value
overvalued
PriceS$1.34
Fair ValueS$1.02
Quality67/100
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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

GoodmanSuntec Real Estate Investment Trust
Valuation
19.5×P/E (TTM)13.4×
n/aP/E ex one-offs (FY2025)25.7×
16.3×Forward P/E19.1×
18.6×Median P/E at FY-end (9 FY, reported earnings)n/a
13.35×P/S (TTM)6.48×
2.17×P/B0.62×
23.4×EV/EBITDA20.1×
2.72×PEG7.36×
−51.3%Fair value upside−23.9%
1.2%Dividend yield4.9%
A$0.30Dividend per shareS$0.07
Profitability
61.0%Operating margin60.5%
1.93×EBIT margin trend (5Y)n/a
11.5%Return on equity5.1%
4.6%Return on assets2.2%
Growth
65.8%Revenue growth (YoY)3.5%
10.6%Avg. growth/yr (3Y)3.3%
7.3%Avg. growth/yr (5Y)8.4%
−1.6%Value creation/yr−12.1%
Balance & size
143.9×Interest coverage (EBIT/interest)1.7×
0.24×Debt / equity0.62×
$38BMarket cap$3B
healthyGrowth qualitymixed
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Goodman, median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 18.6.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Goodman leads: 8 to 7 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.

Goodmanof which business quality 65 · market factors 32 Suntec Real Estate Investment Trustof which business quality 62 · market factors 55
ProfitabilityMargins and returns on capital today
43
31
Quality GrowthAre margins and returns improving?
84
56
CashflowEarnings quality: real cash, not paper profit
78
90
Fin. StrengthBalance sheet, leverage, solvency risk
82
43
InvestmentDisciplined investing over empire-building
61
95
Low VolatilityCalm price path (market factor)
64
95
MomentumPrice trend over the last 3–12 months (market factor)
24
39
52W MomentumDistance to the 52-week high (market factor)
9
36
Net IssuanceShare count: buybacks or dilution?
37
74

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 familyGoodmanPrice A$25.91Suntec Real Estate Investment TrustPrice S$1.34
DCF Models−41.6%below the priceA$15.13−80.6%below the priceS$0.26
Dividend Discount−79.8%below the priceA$5.24n/a
Multiples−59.9%below the priceA$10.40−40.7%below the priceS$0.80
Asset-Based−68.6%below the priceA$8.13+8.2%close to the priceS$1.45
Growth DCF−19.8%below the priceA$20.77−63.4%below the priceS$0.49
Economic Profit−51.1%below the priceA$12.67+10.4%close to the priceS$1.48
Minimum−79.8%below the priceA$5.24−80.6%below the priceS$0.26
Maximum−19.8%below the priceA$20.77+10.4%close to the priceS$1.48
Median−55.5%below the priceA$11.54−40.7%below the priceS$0.80
Geometric mean−57.6%below the priceA$10.99−45.0%below the priceS$0.74

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%.

Goodman: 15 of 15 models see the stock below the current price.

Suntec Real Estate Investment Trust: 10 of 12 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.

Goodman
Price A$25.91
Fair Value A$12.61
Bear A$8.30Bull A$17.31
Suntec Real Estate Investment Trust
Price S$1.34
Fair Value S$1.02
Bear S$0.77Bull S$1.02

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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.

Goodman · Real Estate

Quality score66 · Top 25%
Fair value upside−51.3% · bottom 25%

Suntec Real Estate Investment Trust · Real Estate

Quality score67 · Top 25%
Fair value upside−23.9% · below median

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees Suntec Real Estate Investment Trust as the less overvalued of the two: Goodman trades at A$25.91 versus a fair value of A$12.61 (−51.3%), while Suntec Real Estate Investment Trust trades at S$1.34 versus S$1.02 (−23.9%).

Suntec Real Estate Investment Trust has the higher quality score (67/100).

Open Suntec Real Estate Investment 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.