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Afine InvestmentsJSE:ANI 59 Equity-to-Asset is 0.76 as of Feb. 2026, which is 4% above its 10-year median of 0.73. GuruFocus rates JSE:ANI with a GF Score™ of 59/100 and a GF Value™ of R5.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 931 REITs companies, Afine Investments ranks better than 70.35% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Afine Investments's Total Stockholders Equity for the quarter that ended in Feb. 2026 was R340.80 Mil. Afine Investments's Total Assets for the quarter that ended in Feb. 2026 was R449.84 Mil.
Therefore, Afine Investments's Equity to Asset Ratio for the quarter that ended in Feb. 2026 was 0.76.
The historical rank and industry rank for Afine Investments's Equity-to-Asset or its related term are showing as below:
JSE:ANI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.73 Max: 0.76
Current: 0.76
During the past 5 years, the highest Equity to Asset Ratio of Afine Investments was 0.76. The lowest was 0.16. And the median was 0.73.
JSE:ANI's Equity-to-Asset is ranked better than 70.35% of 931
companies
in the REITs industry
Industry Median: 0.59
vs JSE:ANI: 0.76
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Afine Investments Equity-to-Asset Related Terms
Afine Investments Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Afine Investments's Equity-to-Asset 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: Equity-to-Asset Comparison
For the REIT - Specialty subindustry, Afine Investments's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Afine Investments's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Afine Investments's Equity to Asset Ratio for the fiscal year that ended in Feb. 2026 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.
Afine Investments (JSE:ANI) has a Equity-to-Asset of 0.76 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Afine Investments and its competitors. This is near median its historical median of 0.73. Over the past decade, Afine Investments' Equity-to-Asset has ranged from 0.16 to 0.76. According to the industry distribution chart, Afine Investments ranks #276 out of 931 companies in the REITs industry, placing it in the top 29.6%.
Is Afine Investments' Equity-to-Asset too high?
Afine Investments' current Equity-to-Asset of 0.76 is near median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.76. The REITs industry median Equity-to-Asset is 0.59. Afine Investments' value of 0.76 is 28.8% above this industry median. Based on the distribution chart, Afine Investments ranks #276 out of 931 companies in the REITs industry, which is above the industry midpoint. Overall, Afine Investments has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' Equity-to-Asset compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #276 out of 931 companies for Equity-to-Asset. This puts Afine Investments in the upper half of its industry. The industry median Equity-to-Asset is 0.59. Afine Investments' value of 0.76 is 28.8% above this benchmark. Historically, Afine Investments' own Equity-to-Asset has ranged from 0.16 to 0.76 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.59, Afine Investments 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 Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.59, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current Equity-to-Asset of 0.76 is 28.8% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Afine Investments and its competitors. For the REITs industry, the median Equity-to-Asset is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current Equity-to-Asset is 0.76, which is near median its own 10-year median of 0.73. 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 R5.00, compared to a current price of R4.90 — trading 2% below its estimated fair value. The current Equity-to-Asset is 0.76, which is near median its 10-year median of 0.73 and 28.8% above the REITs industry median of 0.59. Afine Investments' overall GF Score™ is 59/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current Equity-to-Asset is 0.76 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 undervalued.
The current stock price of R4.90 is trading 2% below its estimated GF Value™ of R5.00.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
Equity-to-Asset: 0.76 (near median its 10-year median of 0.73)
GF Value™: R5.00 vs. price of R4.90 (2% below fair value)
Industry Position: 28.8% above the REITs median (#276 of 931)
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.
59GF Score
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