Afine InvestmentsJSE:ANI 64 PB Ratio is 1.06 as of Jul. 12, 2026, which is 5% below its 10-year median of 1.11. GuruFocus rates JSE:ANI with a GF Score™ of 64/100 and a GF Value™ of R4.95 (Fairly Valued). The stock has 3 warning signs investors should review. Among 929 REITs companies, Afine Investments ranks worse than 70.61% on this metric.
The historical rank and industry rank for Afine Investments's PB Ratio or its related term are showing as below:
JSE:ANI'
s PB Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.11 Max: 2.32
Current: 1.06
During the past 6 years, Afine Investments's highest PB Ratio was 2.32. The lowest was 0.82. And the median was 1.11.
JSE:ANI's PB Ratio is ranked worse than 70.61% of 929
companies
in the REITs industry
Industry Median: 0.86
vs JSE:ANI: 1.06
During the past 12 months, Afine Investments's average Book Value Per Share Growth Rate was 1.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Afine Investments was 10.10% per year. The lowest was 9.10% per year. And the median was 9.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Afine Investments PB Ratio Related Terms
Afine Investments PB Ratio Historical Data
* Premium members only.
The historical data trend for Afine Investments's PB Ratio 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 - Specialty subindustry, Afine Investments's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Afine Investments PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Afine Investments's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Afine Investments (JSE:ANI) has a PB Ratio of 1.06 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Afine Investments and its competitors. This is near median its historical median of 1.11. Over the past decade, Afine Investments' PB Ratio has ranged from 0.82 to 2.32. According to the industry distribution chart, Afine Investments ranks #656 out of 929 companies in the REITs industry, placing it in the top 70.6%.
Is Afine Investments' PB Ratio too high?
Afine Investments' current PB Ratio of 1.06 is near median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 2.32. The REITs industry median PB Ratio is 0.86. Afine Investments' value of 1.06 is 23.3% above this industry median. Based on the distribution chart, Afine Investments ranks #656 out of 929 companies in the REITs industry, which is below the industry midpoint. Overall, Afine Investments has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' PB Ratio compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #656 out of 929 companies for PB Ratio. This places Afine Investments in the lower half of its industry. The industry median PB Ratio is 0.86. Afine Investments' value of 1.06 is 23.3% above this benchmark. Historically, Afine Investments' own PB Ratio has ranged from 0.82 to 2.32 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 0.86, Afine Investments 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 929 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current PB Ratio of 1.06 is 23.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Afine Investments and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current PB Ratio is 1.06, which is near median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afine Investments stock overvalued right now?
Based on GuruFocus' analysis, Afine Investments (JSE:ANI) is currently considered Fairly Valued. The stock's GF Value™ is R4.95, compared to a current price of R5.00 — trading 1% above its estimated fair value. The current PB Ratio is 1.06, which is near median its 10-year median of 1.11 and 23.3% above the REITs industry median of 0.86. Afine Investments' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current PB Ratio is 1.06 as of Jul. 12, 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 Afine Investments (JSE:ANI) Overvalued in 2026?
Based on GuruFocus' analysis, Afine Investments stock appears to be overvalued.
The current stock price of R5.00 is trading 1% above its estimated GF Value™ of R4.95.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
PB Ratio: 1.06 (near median its 10-year median of 1.11)
GF Value™: R4.95 vs. price of R5.00 (1% above fair value)
Industry Position: 23.3% above the REITs median (#656 of 929)
No single metric tells the full story. See the JSE:ANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.
64GF Score
Get the complete analysis for JSE:ANI
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:ANI has been successfully added to your 
