Accelerate Property Fund (JSE:APF) Book Value per Share: R1.86 (As of Sep. 2025)

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JSE:APF Accelerate Property Fund Ltd JSE:APF
32 GF Score
Price R0.50
GF Value R0.36
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Accelerate Property Fund Book Value per Share?

Accelerate Property Fund JSE:APF 32 Book Value per Share is R1.86 as of Sep. 2025. GuruFocus rates JSE:APF with a GF Score™ of 32/100 and a GF Value™ of R0.36 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Accelerate Property Fund's book value per share for the quarter that ended in Sep. 2025 was R1.86.

During the past 12 months, Accelerate Property Fund's average Book Value Per Share Growth Rate was -26.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -29.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -19.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -9.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Accelerate Property Fund was 8.00% per year. The lowest was -29.90% per year. And the median was -6.30% per year.

Accelerate Property Fund's current price is R0.50. Its book value per share for the quarter that ended in Sep. 2025 was R1.86. Hence, today's PB Ratio of Accelerate Property Fund is 0.25.

During the past 13 years, the highest P/B Ratio of Accelerate Property Fund was 0.98. The lowest was 0.05. And the median was 0.20.


Accelerate Property Fund  (JSE:APF) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Accelerate Property Fund Book Value per Share Related Terms


Accelerate Property Fund Book Value per Share Historical Data

* Premium members only.

The historical data trend for Accelerate Property Fund's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Accelerate Property Fund Book Value per Share Chart

Accelerate Property Fund Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 5.71 3.80 3.24 1.97

Accelerate Property Fund Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 3.24 2.52 1.97 1.86

JSE:APF vs SPG, O, KIM: Book Value per Share Comparison

For the REIT - Retail subindustry, Accelerate Property Fund's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Accelerate Property Fund PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Accelerate Property Fund's PB Ratio distribution charts can be found below:

* The bar in red indicates where Accelerate Property Fund's PB Ratio falls into.


JSE:APF
32GF Score
Accelerate Property Fund Ltd JSE:APF
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Accelerate Property Fund Book Value per Share Calculation

Accelerate Property Fund's Book Value Per Share for the fiscal year that ended in Mar. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(3,651.3-0.0)/1,854.3
=1.97

Accelerate Property Fund's Book Value Per Share for the quarter that ended in Sep. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(3,796.0-0.0)/2,045.5
=1.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of R1.86 mean?
Accelerate Property Fund (JSE:APF) has a Book Value per Share of R1.86 as of Sep. 2025. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Accelerate Property Fund and its competitors.
Is Accelerate Property Fund's Book Value per Share too high?
Accelerate Property Fund's current Book Value per Share is R1.86. Overall, Accelerate Property Fund has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Book Value per Share compare to SPG and O?
Accelerate Property Fund's Book Value per Share of R1.86 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a REITs company?
A good Book Value per Share depends on the REITs industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Accelerate Property Fund and its competitors. Accelerate Property Fund's current Book Value per Share is R1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.36, compared to a current price of R0.50 — trading 38.9% above its estimated fair value. The current Book Value per Share is R1.86. Accelerate Property Fund's overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Book Value per Share is R1.86 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Accelerate Property Fund (JSE:APF) Overvalued in 2026?

Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued. The current stock price of R0.50 is trading 38.9% above its estimated GF Value™ of R0.36. GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:APF:

  • Book Value per Share: R1.86
  • GF Value™: R0.36 vs. price of R0.50 (38.9% above fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the JSE:APF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Accelerate Property Fund Business Description

Industry Real EstateREITs
Address 1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
32GF Score

Get the complete analysis for JSE:APF

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R0.50
Price
R0.36
GF Value