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Dipula PropertiesJSE:DIB +1.71%46 Cyclically Adjusted PB Ratio is 0.64 as of Jul. 25, 2026, which is 56% above its 10-year median of 0.41. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.08 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 557 REITs companies, Dipula Properties ranks better than 64.27% on this metric.
The historical rank and industry rank for Dipula Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:DIB'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.41 Max: 0.65
Current: 0.62
During the past 13 years, Dipula Properties's highest Cyclically Adjusted PB Ratio was 0.65. The lowest was 0.11. And the median was 0.41.
JSE:DIB's Cyclically Adjusted PB Ratio is ranked better than 64.27% of 557
companies
in the REITs industry
Industry Median: 0.83
vs JSE:DIB: 0.62
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Dipula Properties's adjusted book value per share data of for the fiscal year that ended in Aug25 was R7.503. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R11.20 for the trailing ten years ended in Aug25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Dipula Properties (JSE:DIB) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Dipula Properties Cyclically Adjusted PB Ratio Related Terms
Dipula Properties Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Dipula Properties's Cyclically Adjusted PB Ratio 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.
Dipula Properties Cyclically Adjusted PB Ratio Chart
JSE:DIB vs SPG, O, KIM: Cyclically Adjusted PB Ratio Comparison
For the REIT - Retail subindustry, Dipula Properties's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.
Dipula Properties Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Dipula Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Dipula Properties's Cyclically Adjusted PB Ratio falls into.
Dipula Properties Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Dipula Properties's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 0.64 mean?
Dipula Properties (JSE:DIB) has a Cyclically Adjusted PB Ratio of 0.64 as of Jul. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dipula Properties and its competitors. This is 56% above median its historical median of 0.41. Over the past decade, Dipula Properties' Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.65. According to the industry distribution chart, Dipula Properties ranks #199 out of 557 companies in the REITs industry, placing it in the top 35.7%.
Is Dipula Properties' Cyclically Adjusted PB Ratio too high?
Dipula Properties' current Cyclically Adjusted PB Ratio of 0.64 is 56% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.65. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Dipula Properties' value of 0.64 is 22.9% below this industry median. Based on the distribution chart, Dipula Properties ranks #199 out of 557 companies in the REITs industry, which is above the industry midpoint. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' Cyclically Adjusted PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #199 out of 557 companies for Cyclically Adjusted PB Ratio. This puts Dipula Properties in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Dipula Properties' value of 0.64 is 22.9% below this benchmark. Historically, Dipula Properties' own Cyclically Adjusted PB Ratio has ranged from 0.11 to 0.65 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.83, Dipula Properties has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.83, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dipula Properties's current Cyclically Adjusted PB Ratio of 0.64 is 22.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Dipula Properties and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current Cyclically Adjusted PB Ratio is 0.64, which is 56% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.08, compared to a current price of R7.13 — trading 131.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 56% above median its 10-year median of 0.41 and 22.9% below the REITs industry median of 0.83. Dipula Properties' overall GF Score™ is 46/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Dipula Properties (JSE:DIB), the current Cyclically Adjusted PB Ratio is 0.64 as of Jul. 25, 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 Dipula Properties (JSE:DIB) Overvalued in 2026?
Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued.
The current stock price of R7.13 is trading 131.5% above its estimated GF Value™ of R3.08.
GuruFocus considers Dipula Properties to be Significantly Overvalued.
Key valuation signals for JSE:DIB:
Cyclically Adjusted PB Ratio: 0.64 (56% above median its 10-year median of 0.41)
GF Value™: R3.08 vs. price of R7.13 (131.5% above fair value)
Industry Position: 22.9% below the REITs median (#199 of 557)
No single metric tells the full story. See the JSE:DIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score
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