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Oasis Crescent Property FundJSE:OAS 74 Graham Number is R34.32 as of Mar. 2026, which is 100% below its 10-year median of 0.79. GuruFocus rates JSE:OAS with a GF Score™ of 74/100 and a GF Value™ of R24.16 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 725 REITs companies, Oasis Crescent Property Fund ranks worse than 60.83% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Oasis Crescent Property Fund's Graham Number or its related term are showing as below:
JSE:OAS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.48 Med: 0.79 Max: 1.73
Current: 0.86
During the past 13 years, the highest Price to Graham Number ratio of Oasis Crescent Property Fund was 1.73. The lowest was 0.48. And the median was 0.79.
JSE:OAS's Price-to-Graham-Number is ranked worse than 60.83% of 725
companies
in the REITs industry
Industry Median: 0.74
vs JSE:OAS: 0.86
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Oasis Crescent Property Fund (JSE:OAS) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Oasis Crescent Property Fund's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
29.40
/
34.32
=
0.86
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Oasis Crescent Property Fund Graham Number Related Terms
Oasis Crescent Property Fund Graham Number Historical Data
* 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:OAS vs VICI, WPC, BNL: Graham Number Comparison
For the REIT - Diversified subindustry, Oasis Crescent Property Fund's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.
Oasis Crescent Property Fund Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Oasis Crescent Property Fund's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Oasis Crescent Property Fund's Price-to-Graham-Number 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.
Oasis Crescent Property Fund (JSE:OAS) has a Graham Number of R34.32 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Oasis Crescent Property Fund and its competitors. This is 4244% above median its historical median of 0.79. Over the past decade, Oasis Crescent Property Fund's Graham Number has ranged from 0.48 to 1.73. According to the industry distribution chart, Oasis Crescent Property Fund ranks #441 out of 725 companies in the REITs industry, placing it in the top 60.8%.
Is Oasis Crescent Property Fund's Graham Number too high?
Oasis Crescent Property Fund's current Graham Number of R34.32 is 4244% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.73. Based on the distribution chart, Oasis Crescent Property Fund ranks #441 out of 725 companies in the REITs industry, which is below the industry midpoint. Overall, Oasis Crescent Property Fund has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oasis Crescent Property Fund's Graham Number compare to VICI and WPC?
According to the REITs industry distribution chart, Oasis Crescent Property Fund ranks #441 out of 725 companies for Graham Number. This places Oasis Crescent Property Fund in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Oasis Crescent Property Fund's own Graham Number has ranged from 0.48 to 1.73 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a REITs company?
The median Graham Number among REITs companies is 0.74, based on 725 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Oasis Crescent Property Fund and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oasis Crescent Property Fund's current Graham Number is R34.32, which is 4244% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oasis Crescent Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Oasis Crescent Property Fund (JSE:OAS) is currently considered Modestly Overvalued. The stock's GF Value™ is R24.16, compared to a current price of R29.40 — trading 21.7% above its estimated fair value. The current Graham Number is R34.32, which is 4244% above median its 10-year median of 0.79. Oasis Crescent Property Fund's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Oasis Crescent Property Fund (JSE:OAS), the current Graham Number is R34.32 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 Oasis Crescent Property Fund (JSE:OAS) Overvalued in 2026?
Based on GuruFocus' analysis, Oasis Crescent Property Fund stock appears to be overvalued.
The current stock price of R29.40 is trading 21.7% above its estimated GF Value™ of R24.16.
GuruFocus considers Oasis Crescent Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:OAS:
Graham Number: R34.32 (4244% above median its 10-year median of 0.79)
GF Value™: R24.16 vs. price of R29.40 (21.7% above fair value)
No single metric tells the full story. See the JSE:OAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oasis Crescent Property Fund is a closed-ended REIT property fund established to provide sustainable income and real returns to investors by investing in shares of companies, collective investment schemes, and real estate investment trusts. The Fund operates in the following primary business segments such as Office - comprising office buildings and office parking, Industrial - industrial buildings such as warehouses and factories, Retail - comprising retail outlets, Investments - comprising financial assets at fair value through profit or loss, other financial assets at fair value through profit or loss, other short-term financial assets at fair value through profit or loss, other receivables and cash and cash equivalents.
74GF Score
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