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Redefine PropertiesJSE:RDF -0.16%55 Cyclically Adjusted PB Ratio is 0.58 as of Jul. 16, 2026, which is 41% above its 10-year median of 0.41. GuruFocus rates JSE:RDF with a GF Score™ of 55/100 and a GF Value™ of R3.79 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 559 REITs companies, Redefine Properties ranks better than 67.44% on this metric.
The historical rank and industry rank for Redefine Properties's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:RDF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.41 Max: 1.41
Current: 0.58
During the past 13 years, Redefine Properties's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.17. And the median was 0.41.
JSE:RDF's Cyclically Adjusted PB Ratio is ranked better than 67.44% of 559
companies
in the REITs industry
Industry Median: 0.83
vs JSE:RDF: 0.58
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.
Redefine Properties's adjusted book value per share data of for the fiscal year that ended in Aug25 was R8.110. 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 R11.05 for the trailing ten years ended in Aug25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Redefine Properties (JSE:RDF) 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.
Redefine Properties Cyclically Adjusted PB Ratio Related Terms
Redefine Properties Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Redefine 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.
Redefine Properties Cyclically Adjusted PB Ratio Chart
JSE:RDF vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison
For the REIT - Diversified subindustry, Redefine 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.
Redefine Properties Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Redefine Properties's Cyclically Adjusted PB Ratio falls into.
Redefine 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.
Redefine 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 0.58 mean?
Redefine Properties (JSE:RDF) has a Cyclically Adjusted PB Ratio of 0.58 as of Jul. 16, 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 Redefine Properties and its competitors. This is 41% above median its historical median of 0.41. Over the past decade, Redefine Properties' Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.41. According to the industry distribution chart, Redefine Properties ranks #182 out of 559 companies in the REITs industry, placing it in the top 32.6%.
Is Redefine Properties' Cyclically Adjusted PB Ratio too high?
Redefine Properties' current Cyclically Adjusted PB Ratio of 0.58 is 41% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.41. The REITs industry median Cyclically Adjusted PB Ratio is 0.83. Redefine Properties' value of 0.58 is 30.1% below this industry median. Based on the distribution chart, Redefine Properties ranks #182 out of 559 companies in the REITs industry, which is above the industry midpoint. Overall, Redefine Properties has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #182 out of 559 companies for Cyclically Adjusted PB Ratio. This puts Redefine Properties in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.83. Redefine Properties' value of 0.58 is 30.1% below this benchmark. Historically, Redefine Properties' own Cyclically Adjusted PB Ratio has ranged from 0.17 to 1.41 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.83, Redefine 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 559 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. Redefine Properties's current Cyclically Adjusted PB Ratio of 0.58 is 30.1% 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 Redefine 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. Redefine Properties's current Cyclically Adjusted PB Ratio is 0.58, which is 41% 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 Redefine Properties stock overvalued right now?
Based on GuruFocus' analysis, Redefine Properties (JSE:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.79, compared to a current price of R6.44 — trading 69.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.58, which is 41% above median its 10-year median of 0.41 and 30.1% below the REITs industry median of 0.83. Redefine Properties' overall GF Score™ is 55/100 with 12 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 Redefine Properties (JSE:RDF), the current Cyclically Adjusted PB Ratio is 0.58 as of Jul. 16, 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.44 is trading 69.9% above its estimated GF Value™ of R3.79.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Cyclically Adjusted PB Ratio: 0.58 (41% above median its 10-year median of 0.41)
GF Value™: R3.79 vs. price of R6.44 (69.9% above fair value)
Industry Position: 30.1% below the REITs median (#182 of 559)
No single metric tells the full story. See the JSE:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland. Within South Africa, over half of the Company's properties by total value are situated in the province of Gauteng. The Group comprises the South Africa portfolio segment, including office, retail, industrial, specialised, and head office. Its international portfolio includes EPP, which is mainly retail; Redefine Europe, which is mainly industrial; Self Storage Investments, which is mainly self-storage; and Lango Real Estate, which represents the head office, along with head office funding related to international investments.
55GF Score
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