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Spear REIT's book value per share for the quarter that ended in Feb. 2026 was R12.91.
During the past 12 months, Spear REIT's average Book Value Per Share Growth Rate was 5.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.40% 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 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Spear REIT was 6.50% per year. The lowest was -2.40% per year. And the median was 0.70% per year.
Spear REIT's current price is R12.81. Its book value per share for the quarter that ended in Feb. 2026 was R12.91. Hence, today's PB Ratio of Spear REIT is 0.99.
During the past 10 years, the highest P/B Ratio of Spear REIT was 1.07. The lowest was 0.40. And the median was 0.77.
Warning Sign:
Spear REIT Ltd stock PB Ratio (=1) is close to 10-year high of 1.07.
Spear REIT (JSE:SEA) 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.
Spear REIT Book Value per Share Related Terms
Spear REIT Book Value per Share Historical Data
* Premium members only.
The historical data trend for Spear REIT'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.
JSE:SEA vs VICI, WPC: Book Value per Share Comparison
For the REIT - Diversified subindustry, Spear REIT'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.
Spear REIT PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's PB Ratio distribution charts can be found below:
* The bar in red indicates where Spear REIT's PB Ratio falls into.
* 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.
Spear REIT (JSE:SEA) has a Book Value per Share of R12.91 as of Feb. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Spear REIT and its competitors.
Is Spear REIT's Book Value per Share too high?
Spear REIT's current Book Value per Share is R12.91. Overall, Spear REIT has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Book Value per Share compare to VICI and WPC?
Spear REIT's Book Value per Share of R12.91 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 Spear REIT and its competitors. Spear REIT's current Book Value per Share is R12.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R6.85, compared to a current price of R12.81 — trading 87% above its estimated fair value. The current Book Value per Share is R12.91. Spear REIT's overall GF Score™ is 64/100 with 12 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 Spear REIT (JSE:SEA), the current Book Value per Share is R12.91 as of Feb. 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 Spear REIT (JSE:SEA) Overvalued in 2026?
Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued.
The current stock price of R12.81 is trading 87% above its estimated GF Value™ of R6.85.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Book Value per Share: R12.91
GF Value™: R6.85 vs. price of R12.81 (87% above fair value)
No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
64GF Score
Get the complete analysis for JSE:SEA
Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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