Exemplar REITailJSE:EXP 73 Net Margin % is 127.57% as of Feb. 2026, which is 53% above its 10-year median of 83.46. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.65 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 928 REITs companies, Exemplar REITail ranks better than 80.82% on this metric.
The historical rank and industry rank for Exemplar REITail's Net Margin % or its related term are showing as below:
JSE:EXP'
s Net Margin % Range Over the Past 10 Years
Min: 28.18 Med: 83.46 Max: 128.21
Current: 93.02
JSE:EXP's Net Margin % is ranked better than 80.82% of 928
companies
in the REITs industry
Industry Median: 45.23
vs JSE:EXP: 93.02
Exemplar REITail (JSE:EXP) 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.
Exemplar REITail Net Margin % Related Terms
Exemplar REITail Net Margin % Historical Data
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The historical data trend for Exemplar REITail'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 - Retail subindustry, Exemplar REITail'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.
Exemplar REITail Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's Net Margin % distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a Net Margin % of 127.57% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Exemplar REITail and its competitors. This is 53% above median its historical median of 83.46. Over the past decade, Exemplar REITail's Net Margin % has ranged from 28.18 to 128.21. According to the industry distribution chart, Exemplar REITail ranks #178 out of 928 companies in the REITs industry, placing it in the top 19.2%.
Is Exemplar REITail's Net Margin % too high?
Exemplar REITail's current Net Margin % of 127.57% is 53% above median its 10-year median of 83.46. Over the past 10 years, this metric has ranged from a low of 28.18 to a high of 128.21. The REITs industry median Net Margin % is 45.23. Exemplar REITail's value of 127.57% is 182% above this industry median. Based on the distribution chart, Exemplar REITail ranks #178 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's Net Margin % compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #178 out of 928 companies for Net Margin %. This places Exemplar REITail in the top 19% of its industry — outperforming the majority of peers. The industry median Net Margin % is 45.23. Exemplar REITail's value of 127.57% is 182% above this benchmark. Historically, Exemplar REITail's own Net Margin % has ranged from 28.18 to 128.21 over the past decade. While the company's 10-year median is 83.46 vs. the industry median of 45.23, Exemplar REITail 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 45.23, based on 928 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. Exemplar REITail's current Net Margin % of 127.57% is 182% 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 Exemplar REITail and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current Net Margin % is 127.57%, which is 53% above median its own 10-year median of 83.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.65, compared to a current price of R18.00 — trading 15% above its estimated fair value. The current Net Margin % is 127.57%, which is 53% above median its 10-year median of 83.46 and 182% above the REITs industry median of 45.23. Exemplar REITail's overall GF Score™ is 73/100 with 6 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 Exemplar REITail (JSE:EXP), the current Net Margin % is 127.57% 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued.
The current stock price of R18.00 is trading 15% above its estimated GF Value™ of R15.65.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
Net Margin %: 127.57% (53% above median its 10-year median of 83.46)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
Industry Position: 182% above the REITs median (#178 of 928)
No single metric tells the full story. See the JSE:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
73GF Score
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