Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for Safari Investments RSA's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:SAR'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.52 Max: 0.75
Current: 0.75
During the past 13 years, Safari Investments RSA's highest Cyclically Adjusted PB Ratio was 0.75. The lowest was 0.31. And the median was 0.52.
JSE:SAR's Cyclically Adjusted PB Ratio is not ranked
in the REITs industry.
Industry Median: 0.81
vs JSE:SAR: 0.75
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.
Safari Investments RSA's adjusted book value per share data of for the fiscal year that ended in Jun25 was R11.773. 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 Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Safari Investments RSA (JSE:SAR) 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.
Safari Investments RSA Cyclically Adjusted PB Ratio Related Terms
Safari Investments RSA Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Safari Investments RSA'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.
Safari Investments RSA Cyclically Adjusted PB Ratio Chart
JSE:SAR vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison
For the REIT - Diversified subindustry, Safari Investments RSA'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.
Safari Investments RSA Cyclically Adjusted PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Safari Investments RSA's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Safari Investments RSA's Cyclically Adjusted PB Ratio falls into.
Safari Investments RSA 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.
* 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 0.75 mean?
Safari Investments RSA (JSE:SAR) has a Cyclically Adjusted PB Ratio of 0.75 as of Aug. 13, 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 Safari Investments RSA and its competitors. This is 44% above median its historical median of 0.52. Over the past decade, Safari Investments RSA's Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.75.
Is Safari Investments RSA's Cyclically Adjusted PB Ratio too high?
Safari Investments RSA's current Cyclically Adjusted PB Ratio of 0.75 is 44% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.75. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Safari Investments RSA's value of 0.75 is 7.4% below this industry median. Overall, Safari Investments RSA has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Safari Investments RSA's Cyclically Adjusted PB Ratio compare to VICI and WPC?
Safari Investments RSA's Cyclically Adjusted PB Ratio of 0.75 can be compared against companies in the REITs industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Safari Investments RSA's value of 0.75 is 7.4% below this benchmark. Historically, Safari Investments RSA's own Cyclically Adjusted PB Ratio has ranged from 0.31 to 0.75 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.81, Safari Investments RSA 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 0.81, based on 554 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. Safari Investments RSA's current Cyclically Adjusted PB Ratio of 0.75 is 7.4% 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 Safari Investments RSA and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safari Investments RSA's current Cyclically Adjusted PB Ratio is 0.75, which is 44% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safari Investments RSA stock overvalued right now?
Safari Investments RSA (JSE:SAR) has a current Cyclically Adjusted PB Ratio of 0.75. The stock's GF Value™ is R8.83, compared to a current price of R8.40 — trading 4.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.75, which is 44% above median its 10-year median of 0.52 and 7.4% below the REITs industry median of 0.81. Safari Investments RSA's overall GF Score™ is 67/100 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 Safari Investments RSA (JSE:SAR), the current Cyclically Adjusted PB Ratio is 0.75 as of Aug. 13, 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 Safari Investments RSA (JSE:SAR) Overvalued in 2026?
Based on GuruFocus' analysis, Safari Investments RSA stock appears to be undervalued.
The current stock price of R8.40 is trading 4.9% below its estimated GF Value™ of R8.83.
Key valuation signals for JSE:SAR:
Cyclically Adjusted PB Ratio: 0.75 (44% above median its 10-year median of 0.52)
GF Value™: R8.83 vs. price of R8.40 (4.9% below fair value)
No single metric tells the full story. See the JSE:SAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safari Investments RSA Ltd is a real estate investment trust. The Company earns revenue from the leasing of investment property and recoveries of property expenses. The company's operating segments include Atteridgeville, Mamelodi, Sebokeng, Limpopo, Heidelberg, and Namibia. It generates maximum revenue from the Atteridgeville segment.
67GF Score
Get the complete analysis for JSE:SAR
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:SAR has been successfully added to your 
