Emira Property Fund (JSE:EMI) Book Value per Share: R20.95 (As of Mar. 2026)

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JSE:EMI Emira Property Fund Ltd JSE:EMI
56 GF Score
Price R13.38
GF Value R8.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Emira Property Fund Book Value per Share?

Emira Property Fund JSE:EMI +0.60% 56 Book Value per Share is R20.95 as of Mar. 2026. GuruFocus rates JSE:EMI with a GF Score™ of 56/100 and a GF Value™ of R8.62 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Emira Property Fund's book value per share for the quarter that ended in Mar. 2026 was R20.95.

During the past 12 months, Emira Property Fund's average Book Value Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.10% 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 Emira Property Fund was 42.10% per year. The lowest was -8.60% per year. And the median was 5.70% per year.

Emira Property Fund's current price is R13.38. Its book value per share for the quarter that ended in Mar. 2026 was R20.95. Hence, today's PB Ratio of Emira Property Fund is 0.64.

During the past 13 years, the highest P/B Ratio of Emira Property Fund was 0.95. The lowest was 0.32. And the median was 0.66.


Emira Property Fund  (JSE:EMI) 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.


Emira Property Fund Book Value per Share Related Terms


Emira Property Fund Book Value per Share Historical Data

* Premium members only.

The historical data trend for Emira 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.

Emira Property Fund Book Value per Share Chart

Emira Property Fund Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Mar24 Mar25 Mar26
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.33 16.28 17.10 20.67 20.95

Emira Property Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 17.10 19.46 20.67 20.96 20.95

JSE:EMI vs VICI, WPC: Book Value per Share Comparison

For the REIT - Diversified subindustry, Emira 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.


Emira Property Fund PB Ratio vs REITs Industry

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

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


JSE:EMI
56GF Score
Emira Property Fund Ltd JSE:EMI
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emira Property Fund Book Value per Share Calculation

Emira Property Fund's Book Value Per Share for the fiscal year that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(9,784-0)/467
=20.95

Emira Property Fund's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(9,784-0)/467
=20.95

* 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 R20.95 mean?
Emira Property Fund (JSE:EMI) has a Book Value per Share of R20.95 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Emira Property Fund and its competitors.
Is Emira Property Fund's Book Value per Share too high?
Emira Property Fund's current Book Value per Share is R20.95. Overall, Emira Property Fund has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Book Value per Share compare to VICI and WPC?
Emira Property Fund's Book Value per Share of R20.95 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 Emira Property Fund and its competitors. Emira Property Fund's current Book Value per Share is R20.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.62, compared to a current price of R13.38 — trading 55.2% above its estimated fair value. The current Book Value per Share is R20.95. Emira Property Fund's overall GF Score™ is 56/100 with 6 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 Emira Property Fund (JSE:EMI), the current Book Value per Share is R20.95 as of Mar. 2026. 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?

Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued. The current stock price of R13.38 is trading 55.2% above its estimated GF Value™ of R8.62. GuruFocus considers Emira Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:EMI:

  • Book Value per Share: R20.95
  • GF Value™: R8.62 vs. price of R13.38 (55.2% above fair value)
  • GF Score™: 56/100 with 6 warning signs

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


Emira Property Fund Business Description

Industry Real EstateREITs
Address 33 Sloane Street, 1st Floor, Block A, Knightsbridge Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
56GF Score

Get the complete analysis for JSE:EMI

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

R13.38
Price
R8.62
GF Value