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Accelerate Property FundJSE:APF 34 Earnings Yield (Joel Greenblatt) % is 7.87% as of Mar. 2026, which is 174% above its 10-year median of 2.87. GuruFocus rates JSE:APF with a GF Score™ of 34/100 and a GF Value™ of R0.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 966 REITs companies, Accelerate Property Fund ranks better than 82.61% on this metric.
Accelerate Property Fund's Enterprise Value for the quarter that ended in Mar. 2026 was R4,284.0 Mil.
Accelerate Property Fund's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R333.0 Mil. Accelerate Property Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.87%.
The historical rank and industry rank for Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:APF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.65 Med: 2.87 Max: 18.49
Current: 8.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Accelerate Property Fund was 18.49%. The lowest was -18.65%. And the median was 2.87%.
JSE:APF's Earnings Yield (Joel Greenblatt) % is ranked better than 82.61% of 966
companies
in the REITs industry
Industry Median: 3.47
vs JSE:APF: 8.73
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Accelerate Property Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Accelerate Property Fund (JSE:APF) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Accelerate Property Fund Earnings Yield (Joel Greenblatt) % Related Terms
Accelerate Property Fund Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % 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.
Accelerate Property Fund Earnings Yield (Joel Greenblatt) % Chart
JSE:APF vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Accelerate Property Fund's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Accelerate Property Fund Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % falls into.
Accelerate Property Fund Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Accelerate Property Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 7.87% mean?
Accelerate Property Fund (JSE:APF) has a Earnings Yield (Joel Greenblatt) % of 7.87% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Accelerate Property Fund and its competitors. This is 174% above median its historical median of 2.87. According to the industry distribution chart, Accelerate Property Fund ranks #168 out of 966 companies in the REITs industry, placing it in the top 17.4%.
Is Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % too high?
Accelerate Property Fund's current Earnings Yield (Joel Greenblatt) % of 7.87% is 174% above median its 10-year median of 2.87. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.47. Accelerate Property Fund's value of 7.87% is 126.8% above this industry median. Based on the distribution chart, Accelerate Property Fund ranks #168 out of 966 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Accelerate Property Fund has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #168 out of 966 companies for Earnings Yield (Joel Greenblatt) %. This places Accelerate Property Fund in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.47. Accelerate Property Fund's value of 7.87% is 126.8% above this benchmark. While the company's 10-year median is 2.87 vs. the industry median of 3.47, Accelerate Property Fund has consistently been above 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 Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.47, based on 966 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accelerate Property Fund's current Earnings Yield (Joel Greenblatt) % of 7.87% is 126.8% above 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Accelerate Property Fund and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Earnings Yield (Joel Greenblatt) % is 7.87%, which is 174% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.32, compared to a current price of R0.45 — trading 40.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.87%, which is 174% above median its 10-year median of 2.87 and 126.8% above the REITs industry median of 3.47. Accelerate Property Fund's overall GF Score™ is 34/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Earnings Yield (Joel Greenblatt) % is 7.87% as of Mar. 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 Accelerate Property Fund (JSE:APF) Overvalued in 2026?
Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued.
The current stock price of R0.45 is trading 40.6% above its estimated GF Value™ of R0.32.
GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:APF:
Earnings Yield (Joel Greenblatt) %: 7.87% (174% above median its 10-year median of 2.87)
GF Value™: R0.32 vs. price of R0.45 (40.6% above fair value)
Industry Position: 126.8% above the REITs median (#168 of 966)
No single metric tells the full story. See the JSE:APF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
34GF Score
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