Burstone GroupJSE:BTN +0.43%74 Net Margin % is 61.84% as of Mar. 2026, which is 15% above its 10-year median of 53.74. GuruFocus rates JSE:BTN with a GF Score™ of 74/100 and a GF Value™ of R8.75 (Fairly Valued). The stock has 10 warning signs investors should review. Among 933 REITs companies, Burstone Group ranks worse than 56.06% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Burstone Group's Net Income for the
six
months ended in Mar. 2026 was R628 Mil. Burstone Group's Revenue for the
six
months ended in Mar. 2026 was R1,015 Mil. Therefore, Burstone Group's net margin for the quarter that ended in Mar. 2026 was 61.84%.
The historical rank and industry rank for Burstone Group's Net Margin % or its related term are showing as below:
JSE:BTN'
s Net Margin % Range Over the Past 10 Years
Min: -110.69 Med: 53.74 Max: 99.17
Current: 39.51
JSE:BTN's Net Margin % is ranked worse than 56.06% of 933
companies
in the REITs industry
Industry Median: 45.13
vs JSE:BTN: 39.51
Burstone Group (JSE:BTN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Burstone Group Net Margin % Related Terms
Burstone Group Net Margin % Historical Data
* Premium members only.
The historical data trend for Burstone Group's Net 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.
For the REIT - Diversified subindustry, Burstone Group's Net Margin %, along with its competitors' market caps and Net 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.
Burstone Group Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Burstone Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Burstone Group's Net 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.
Burstone Group (JSE:BTN) has a Net Margin % of 61.84% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Burstone Group and its competitors. This is 15% above median its historical median of 53.74. According to the industry distribution chart, Burstone Group ranks #523 out of 933 companies in the REITs industry, placing it in the top 56.1%.
Is Burstone Group's Net Margin % too high?
Burstone Group's current Net Margin % of 61.84% is 15% above median its 10-year median of 53.74. The REITs industry median Net Margin % is 45.13. Burstone Group's value of 61.84% is 37% above this industry median. Based on the distribution chart, Burstone Group ranks #523 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Burstone Group has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Burstone Group's Net Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Burstone Group ranks #523 out of 933 companies for Net Margin %. This places Burstone Group in the lower half of its industry. The industry median Net Margin % is 45.13. Burstone Group's value of 61.84% is 37% above this benchmark. While the company's 10-year median is 53.74 vs. the industry median of 45.13, Burstone Group 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.13, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Burstone Group's current Net Margin % of 61.84% is 37% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Burstone Group and its competitors. For the REITs industry, the median Net Margin % is 45.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Burstone Group's current Net Margin % is 61.84%, which is 15% above median its own 10-year median of 53.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burstone Group stock overvalued right now?
Based on GuruFocus' analysis, Burstone Group (JSE:BTN) is currently considered Fairly Valued. The stock's GF Value™ is R8.75, compared to a current price of R9.38 — trading 7.2% above its estimated fair value. The current Net Margin % is 61.84%, which is 15% above median its 10-year median of 53.74 and 37% above the REITs industry median of 45.13. Burstone Group's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Burstone Group (JSE:BTN), the current Net Margin % is 61.84% 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 Burstone Group (JSE:BTN) Overvalued in 2026?
Based on GuruFocus' analysis, Burstone Group stock appears to be overvalued.
The current stock price of R9.38 is trading 7.2% above its estimated GF Value™ of R8.75.
GuruFocus considers Burstone Group to be Fairly Valued.
Key valuation signals for JSE:BTN:
Net Margin %: 61.84% (15% above median its 10-year median of 53.74)
GF Value™: R8.75 vs. price of R9.38 (7.2% above fair value)
Industry Position: 37% above the REITs median (#523 of 933)
No single metric tells the full story. See the JSE:BTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burstone Group Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.
74GF Score
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