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Emira Property FundJSE:EMI -2.08%61 PB Ratio is 0.63 as of Jul. 22, 2026, which is 5% below its 10-year median of 0.66. GuruFocus rates JSE:EMI with a GF Score™ of 61/100 and a GF Value™ of R8.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 922 REITs companies, Emira Property Fund ranks better than 76.14% on this metric.
The historical rank and industry rank for Emira Property Fund's PB Ratio or its related term are showing as below:
JSE:EMI'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.66 Max: 0.95
Current: 0.63
During the past 13 years, Emira Property Fund's highest PB Ratio was 0.95. The lowest was 0.32. And the median was 0.66.
JSE:EMI's PB Ratio is ranked better than 76.14% of 922
companies
in the REITs industry
Industry Median: 0.86
vs JSE:EMI: 0.63
During the past 12 months, Emira Property Fund's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Emira Property Fund was 42.10% per year. The lowest was -8.60% per year. And the median was 5.70% per year.
Back to Basics: PB Ratio
Emira Property Fund (JSE:EMI) PB Ratio Explanation
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.
Emira Property Fund PB Ratio Related Terms
Emira Property Fund PB Ratio Historical Data
* Premium members only.
The historical data trend for Emira Property Fund'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 - Diversified subindustry, Emira Property Fund'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.
Emira Property Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Emira Property Fund'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.
Emira Property Fund (JSE:EMI) has a PB Ratio of 0.63 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Emira Property Fund and its competitors. This is near median its historical median of 0.66. Over the past decade, Emira Property Fund's PB Ratio has ranged from 0.32 to 0.95. According to the industry distribution chart, Emira Property Fund ranks #220 out of 922 companies in the REITs industry, placing it in the top 23.9%.
Is Emira Property Fund's PB Ratio too high?
Emira Property Fund's current PB Ratio of 0.63 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.95. The REITs industry median PB Ratio is 0.86. Emira Property Fund's value of 0.63 is 26.7% below this industry median. Based on the distribution chart, Emira Property Fund ranks #220 out of 922 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Emira Property Fund has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #220 out of 922 companies for PB Ratio. This places Emira Property Fund in the top 24% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.86. Emira Property Fund's value of 0.63 is 26.7% below this benchmark. Historically, Emira Property Fund's own PB Ratio has ranged from 0.32 to 0.95 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.86, Emira 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 922 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. Emira Property Fund's current PB Ratio of 0.63 is 26.7% 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 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 Emira Property Fund 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. Emira Property Fund's current PB Ratio is 0.63, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.63, compared to a current price of R13.20 — trading 53% above its estimated fair value. The current PB Ratio is 0.63, which is near median its 10-year median of 0.66 and 26.7% below the REITs industry median of 0.86. Emira Property Fund's overall GF Score™ is 61/100 with 6 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 Emira Property Fund (JSE:EMI), the current PB Ratio is 0.63 as of Jul. 22, 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.20 is trading 53% above its estimated GF Value™ of R8.63.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
PB Ratio: 0.63 (near median its 10-year median of 0.66)
GF Value™: R8.63 vs. price of R13.20 (53% above fair value)
Industry Position: 26.7% below the REITs median (#220 of 922)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
61GF Score
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