Texton Property FundJSE:TEX 53 Gross Margin % is 53.20% as of Dec. 2025, which is 16% below its 10-year median of 63.01. GuruFocus rates JSE:TEX with a GF Score™ of 53/100 and a GF Value™ of R2.45 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 681 REITs companies, Texton Property Fund ranks worse than 80.32% on this metric.
Texton Property Fund Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.9%.
The historical rank and industry rank for Texton Property Fund's Gross Margin % or its related term are showing as below:
JSE:TEX'
s Gross Margin % Range Over the Past 10 Years
Min: 54.4 Med: 63.01 Max: 73.6
Current: 54.4
During the past 13 years, the highestGross Margin % of Texton Property Fund was 73.60%. The lowest was 54.40%. And the median was 63.01%.
JSE:TEX's Gross Margin % is ranked worse than 80.32% of 681
companies
in the REITs industry
Industry Median: 69.62
vs JSE:TEX: 54.40
Texton Property Fund had a gross margin of 53.20% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Texton Property Fund was -1.90% per year.
Texton Property Fund (JSE:TEX) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Texton Property Fund had a gross margin of 53.20% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Texton Property Fund Gross Margin % Related Terms
Texton Property Fund Gross Margin % Historical Data
* Premium members only.
The historical data trend for Texton Property Fund's Gross Margin % 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:TEX vs BXP, ARE, VNO: Gross Margin % Comparison
For the REIT - Office subindustry, Texton Property Fund's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Texton Property Fund Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Texton Property Fund's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Texton Property Fund (JSE:TEX) has a Gross Margin % of 53.20% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Texton Property Fund and its competitors. This is 16% below median its historical median of 63.01. Over the past decade, Texton Property Fund's Gross Margin % has ranged from 54.40 to 73.60. According to the industry distribution chart, Texton Property Fund ranks #547 out of 681 companies in the REITs industry, placing it in the top 80.3%.
Is Texton Property Fund's Gross Margin % too high?
Texton Property Fund's current Gross Margin % of 53.20% is 16% below median its 10-year median of 63.01. Over the past 10 years, this metric has ranged from a low of 54.40 to a high of 73.60. The REITs industry median Gross Margin % is 69.62. Texton Property Fund's value of 53.20% is 23.6% below this industry median. Based on the distribution chart, Texton Property Fund ranks #547 out of 681 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Texton Property Fund has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's Gross Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Texton Property Fund ranks #547 out of 681 companies for Gross Margin %. This places Texton Property Fund in the lower half of its industry. The industry median Gross Margin % is 69.62. Texton Property Fund's value of 53.20% is 23.6% below this benchmark. Historically, Texton Property Fund's own Gross Margin % has ranged from 54.40 to 73.60 over the past decade. While the company's 10-year median is 63.01 vs. the industry median of 69.62, Texton Property Fund 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.62, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Texton Property Fund's current Gross Margin % of 53.20% is 23.6% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Texton Property Fund and its competitors. For the REITs industry, the median Gross Margin % is 69.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texton Property Fund's current Gross Margin % is 53.20%, which is 16% below median its own 10-year median of 63.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Modestly Overvalued. The stock's GF Value™ is R2.45, compared to a current price of R3.00 — trading 22.4% above its estimated fair value. The current Gross Margin % is 53.20%, which is 16% below median its 10-year median of 63.01 and 23.6% below the REITs industry median of 69.62. Texton Property Fund's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Texton Property Fund (JSE:TEX), the current Gross Margin % is 53.20% as of Dec. 2025. 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R3.00 is trading 22.4% above its estimated GF Value™ of R2.45.
GuruFocus considers Texton Property Fund to be Modestly Overvalued.
Key valuation signals for JSE:TEX:
Gross Margin %: 53.20% (16% below median its 10-year median of 63.01)
GF Value™: R2.45 vs. price of R3.00 (22.4% above fair value)
Industry Position: 23.6% below the REITs median (#547 of 681)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
53GF Score
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