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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Heriot REIT's share price for the quarter that ended in Dec. 2025 was R22.25. Heriot REIT's Shares Outstanding (EOP) for the quarter that ended in Dec. 2025 was 319 Mil. Therefore, Heriot REIT's market cap for the quarter that ended in Dec. 2025 was R7,104 Mil.
Heriot REIT's quarterly market cap
stayed the same
from Dec. 2024 (R4,789 Mil) to Jun. 2025 (R4,789 Mil) but then
increased
from Jun. 2025 (R4,789 Mil) to Dec. 2025 (R7,104 Mil).
Heriot REIT's annual market cap
increased
from Jun. 2023 (R2,937 Mil) to Jun. 2024 (R4,789 Mil) but then
stayed the same
from Jun. 2024 (R4,789 Mil) to Jun. 2025 (R4,789 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Heriot REIT's Enterprise Value for Today is R14,317 Mil.
Heriot REIT (JSE:HET) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Heriot REIT Market Cap Related Terms
Heriot REIT Market Cap Historical Data
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The historical data trend for Heriot REIT's Market Cap 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.
For the REIT - Diversified subindustry, Heriot REIT's Market Cap, along with its competitors' market caps and Market Cap 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.
Heriot REIT Market Cap vs REITs Industry
For the REITs industry and Real Estate sector, Heriot REIT's Market Cap distribution charts can be found below:
* The bar in red indicates where Heriot REIT's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Heriot REIT's Market Cap for the fiscal year that ended in Jun. 2025 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.
Heriot REIT (JSE:HET) has a Market Cap of R8,447 Mil as of Jul. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Heriot REIT and its competitors. According to the industry distribution chart, Heriot REIT ranks #392 out of 978 companies in the REITs industry, placing it in the top 40.1%.
Is Heriot REIT's Market Cap too high?
Heriot REIT's current Market Cap is R8,447 Mil. Based on the distribution chart, Heriot REIT ranks #392 out of 978 companies in the REITs industry, which is above the industry midpoint. Overall, Heriot REIT has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heriot REIT's Market Cap compare to VICI and WPC?
According to the REITs industry distribution chart, Heriot REIT ranks #392 out of 978 companies for Market Cap. This puts Heriot REIT in the upper half of its industry. The industry median Market Cap is 282.97. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a REITs company?
The median Market Cap among REITs companies is 282.97, based on 978 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Heriot REIT and its competitors. For the REITs industry, the median Market Cap is 282.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heriot REIT's current Market Cap is R8,447 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heriot REIT stock overvalued right now?
Based on GuruFocus' analysis, Heriot REIT (JSE:HET) is currently considered Fairly Valued. The stock's GF Value™ is R23.54, compared to a current price of R26.00 — trading 10.5% above its estimated fair value. The current Market Cap is R8,447 Mil. Heriot REIT's overall GF Score™ is 69/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Heriot REIT (JSE:HET), the current Market Cap is R8,447 Mil as of Jul. 21, 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 Heriot REIT (JSE:HET) Overvalued in 2026?
Based on GuruFocus' analysis, Heriot REIT stock appears to be overvalued.
The current stock price of R26.00 is trading 10.5% above its estimated GF Value™ of R23.54.
GuruFocus considers Heriot REIT to be Fairly Valued.
Key valuation signals for JSE:HET:
Market Cap: R8,447 Mil
GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
No single metric tells the full story. See the JSE:HET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heriot REIT Ltd is a South African real estate investment trust. The company's primary segments include retail, industrial, office, specialized, residential, and others. While the majority of the revenue is earned from the Retail segment. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams. Geographically, the company operates in Gauteng, Western Cape, KwaZulu-Natal, North West, Mpumalanga, Limpopo, Free State, and Namibia.
69GF Score
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