GMG share price in focus
Goodman Group is a global integrated property group founded in 1989 that owns, develops and manages real estate assets across several continents.
The main operational hubs include markets such as Australia, New Zealand, the UK, Japan, the US, and Brazil, making Goodman the largest ASX-listed property group in 2025.
The company’s investment niche includes projects such as warehouses, large-scale logistics facilities and business and office parks. Goodman’s stated mission is to build mutually beneficial, long-term relationships with its customers and deliver high-quality assets.
PLS shares
Pilbara Minerals is a leading ASX-listed lithium company, owning 100% of the world’s largest, independent hard-rock lithium operation, Pilgangoora, which it acquired in 2014.
Pilbara’s primary business is to find, process, and sell spodumene concentrate (basically rocks with lithium in them). It sells its concentrate through “offtake” agreements and spot sales on the Battery Material Exchange (BMX) platform. A good example of an offtake partner is Great Wall (the Chinese car company) or POSCO, a South Korean steelmaker.
Demand for lithium has grown steadily in recent years on the back of developments in electric vehicles and renewable energy technology. Some investors would call Pilbara a ‘pure play’ investment in demand for green tech given their direct involvement with lithium. However, as a commodities producer, its revenue is still at the mercy of (sometimes dramatic) fluctuations in the price of spodumene in the global market.
GMG & PLS share price valuation
One way to have a ‘fast read’ of where the GMG share price is could be to study something like dividend yield over time. This can give us a sense of the stability of the company and whether they can consistently pay out a percentage of profits.
Remember, the dividend yield is basically the ‘cash flow’ to a shareholder, but it can fluctuate year-to-year or between payments. Currently, Goodman Group shares have a dividend yield of around 1.00%, compared to its 5-year average of 1.28%. In other words, GMG shares are trading lower than their historical average dividend yield. Be careful how you interpret this information though – it could mean that dividends have fallen, or that the share price is increasing, or both. In the case of GMG, we can see that last year’s dividend was less than the 3-year average, so the dividend has been falling.
Since PLS is more of a ‘growth’ company than an established blue chip, a price-sales ratio might be a more appropriate assessment. This ratio gives us an idea of how the company has historically been valued relative to its earnings, which can indicate if the company is over or undervalued today.
The PLS share price currently trades at a price-sales ratio of 15.13x, which compares to its 5-year long-term average of 20.35x. So, PLS shares are trading lower than their historical average.
Don’t forget, a simple multiple like this should only be the start of your research. The Rask websites offer free online investing courses, created by analysts explaining things like Discounted Cash Flow (DCF) and Dividend Discount Models (DDM). They even include free valuation spreadsheets! It’s a good idea to use multiple valuation methods to value a share like Pls Group Ltd.
