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Afine InvestmentsJSE:ANI 68 Debt-to-Equity is 0.31 as of Feb. 2026, which is 14% below its 10-year median of 0.36. GuruFocus rates JSE:ANI with a GF Score™ of 68/100 and a GF Value™ of R4.98 (Fairly Valued). The stock has 3 warning signs investors should review. Among 683 REITs companies, Afine Investments ranks better than 86.82% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Afine Investments's Debt-to-Equity or its related term are showing as below:
JSE:ANI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.36 Max: 4.83
Current: 0.31
During the past 6 years, the highest Debt-to-Equity Ratio of Afine Investments was 4.83. The lowest was 0.31. And the median was 0.36.
JSE:ANI's Debt-to-Equity is ranked better than 86.82% of 683
companies
in the REITs industry
Industry Median: 0.78
vs JSE:ANI: 0.31
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Afine Investments Debt-to-Equity Related Terms
Afine Investments Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Afine Investments's Debt-to-Equity 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:ANI vs EQIX, AMT, DLR: Debt-to-Equity Comparison
For the REIT - Specialty subindustry, Afine Investments's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Afine Investments Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Afine Investments's Debt-to-Equity 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.
Afine Investments (JSE:ANI) has a Debt-to-Equity of 0.31 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Afine Investments and its competitors. This is 14% below median its historical median of 0.36. Over the past decade, Afine Investments' Debt-to-Equity has ranged from 0.31 to 4.83. According to the industry distribution chart, Afine Investments ranks #90 out of 683 companies in the REITs industry, placing it in the top 13.2%.
Is Afine Investments' Debt-to-Equity too high?
Afine Investments' current Debt-to-Equity of 0.31 is 14% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.83. The REITs industry median Debt-to-Equity is 0.78. Afine Investments' value of 0.31 is 60.3% below this industry median. Based on the distribution chart, Afine Investments ranks #90 out of 683 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Afine Investments has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' Debt-to-Equity compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #90 out of 683 companies for Debt-to-Equity. This places Afine Investments in the top 13% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.78. Afine Investments' value of 0.31 is 60.3% below this benchmark. Historically, Afine Investments' own Debt-to-Equity has ranged from 0.31 to 4.83 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.78, Afine Investments 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 Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current Debt-to-Equity of 0.31 is 60.3% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Afine Investments and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current Debt-to-Equity is 0.31, which is 14% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afine Investments stock overvalued right now?
Based on GuruFocus' analysis, Afine Investments (JSE:ANI) is currently considered Fairly Valued. The stock's GF Value™ is R4.98, compared to a current price of R5.00 — trading 0.4% above its estimated fair value. The current Debt-to-Equity is 0.31, which is 14% below median its 10-year median of 0.36 and 60.3% below the REITs industry median of 0.78. Afine Investments' overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current Debt-to-Equity is 0.31 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 Afine Investments (JSE:ANI) Overvalued in 2026?
Based on GuruFocus' analysis, Afine Investments stock appears to be overvalued.
The current stock price of R5.00 is trading 0.4% above its estimated GF Value™ of R4.98.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
Debt-to-Equity: 0.31 (14% below median its 10-year median of 0.36)
GF Value™: R4.98 vs. price of R5.00 (0.4% above fair value)
Industry Position: 60.3% below the REITs median (#90 of 683)
No single metric tells the full story. See the JSE:ANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.
68GF Score
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