Exemplar REITail (JSE:EXP) Cyclically Adjusted Revenue per Share: R3.05 (As of Feb. 2026)


JSE:EXP Exemplar REITail Ltd JSE:EXP
73 GF Score
Price R18.00
GF Value R15.72
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Exemplar REITail Cyclically Adjusted Revenue per Share?

Exemplar REITail JSE:EXP 73 Cyclically Adjusted Revenue per Share is R3.05 as of Feb. 2026. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.72 (Modestly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Exemplar REITail's adjusted revenue per share data for the fiscal year that ended in Feb. 2026 was R4.448. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R3.05 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Exemplar REITail's average Cyclically Adjusted Revenue Growth Rate was 18.20% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-07-11), Exemplar REITail's current stock price is R 18.00. Exemplar REITail's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb. 2026 was R3.05. Exemplar REITail's Cyclically Adjusted PS Ratio of today is 5.90.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Exemplar REITail was 6.72. The lowest was 4.67. And the median was 5.33.


Exemplar REITail  (JSE:EXP) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Exemplar REITail's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.00/3.05
=5.90

* 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.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Exemplar REITail was 6.72. The lowest was 4.67. And the median was 5.33.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Exemplar REITail Cyclically Adjusted Revenue per Share Related Terms


Exemplar REITail Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Exemplar REITail's Cyclically Adjusted Revenue 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.

Exemplar REITail Cyclically Adjusted Revenue per Share Chart

Exemplar REITail Annual Data
Trend Feb16 Feb17 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.58 3.05

Exemplar REITail Semi-Annual Data
Feb15 Feb16 Feb17 Aug17 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Cyclically Adjusted Revenue 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 0.00 0.00 2.58 0.00 3.05

JSE:EXP vs SPG, O, KIM: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Retail subindustry, Exemplar REITail's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Exemplar REITail Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Exemplar REITail's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Exemplar REITail's Cyclically Adjusted PS Ratio falls into.


JSE:EXP
73GF Score
Exemplar REITail Ltd JSE:EXP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exemplar REITail Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

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.

For example, Exemplar REITail's adjusted Revenue per Share data for the fiscal year that ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=4.448/163.8300*163.8300
=4.448

Current CPI (Feb. 2026) = 163.8300.

Exemplar REITail Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201602 0.713 104.097 1.122
201702 0.794 110.855 1.173
201902 0.000 119.793 0.000
202002 2.259 125.243 2.955
202102 2.514 128.817 3.197
202202 2.667 136.109 3.210
202302 3.152 146.101 3.534
202402 3.565 154.225 3.787
202502 3.900 159.099 4.016
202602 4.448 163.830 4.448

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R3.05 mean?
Exemplar REITail (JSE:EXP) has a Cyclically Adjusted Revenue per Share of R3.05 as of Feb. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Exemplar REITail and its competitors.
Is Exemplar REITail's Cyclically Adjusted Revenue per Share too high?
Exemplar REITail's current Cyclically Adjusted Revenue per Share is R3.05. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's Cyclically Adjusted Revenue per Share compare to SPG and O?
Exemplar REITail's Cyclically Adjusted Revenue per Share of R3.05 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 Cyclically Adjusted Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue 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 Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Exemplar REITail and its competitors. Exemplar REITail's current Cyclically Adjusted Revenue per Share is R3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.72, compared to a current price of R18.00 — trading 14.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R3.05. Exemplar REITail's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current Cyclically Adjusted Revenue per Share is R3.05 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?

Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued. The current stock price of R18.00 is trading 14.5% above its estimated GF Value™ of R15.72. GuruFocus considers Exemplar REITail to be Modestly Overvalued.

Key valuation signals for JSE:EXP:

  • Cyclically Adjusted Revenue per Share: R3.05
  • GF Value™: R15.72 vs. price of R18.00 (14.5% above fair value)
  • GF Score™: 73/100 with 6 warning signs

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


Exemplar REITail Business Description

Industry Real EstateREITs
Address 204 Von Willich Avenue, Clubview, Centurion, Gauteng, ZAF, 0157
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
73GF Score

Get the complete analysis for JSE:EXP

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

R18.00
Price
R15.72
GF Value