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Texton Property FundJSE:TEX +8.33%61 PB Ratio is 0.65 as of Jul. 15, 2026, which is 20% above its 10-year median of 0.54. GuruFocus rates JSE:TEX with a GF Score™ of 61/100 and a GF Value™ of R2.44 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 923 REITs companies, Texton Property Fund ranks better than 74.21% on this metric.
The historical rank and industry rank for Texton Property Fund's PB Ratio or its related term are showing as below:
JSE:TEX'
s PB Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.54 Max: 1.04
Current: 0.65
During the past 13 years, Texton Property Fund's highest PB Ratio was 1.04. The lowest was 0.14. And the median was 0.54.
JSE:TEX's PB Ratio is ranked better than 74.21% of 923
companies
in the REITs industry
Industry Median: 0.86
vs JSE:TEX: 0.65
During the past 12 months, Texton Property Fund's average Book Value Per Share Growth Rate was -21.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Texton Property Fund was 61.70% per year. The lowest was -15.10% per year. And the median was -1.10% per year.
Back to Basics: PB Ratio
Texton Property Fund (JSE:TEX) 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.
Texton Property Fund PB Ratio Related Terms
Texton Property Fund PB Ratio Historical Data
* Premium members only.
The historical data trend for Texton 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 - Office subindustry, Texton 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.
Texton Property Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Texton 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.
Texton Property Fund (JSE:TEX) has a PB Ratio of 0.65 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Texton Property Fund and its competitors. This is 20% above median its historical median of 0.54. Over the past decade, Texton Property Fund's PB Ratio has ranged from 0.14 to 1.04. According to the industry distribution chart, Texton Property Fund ranks #238 out of 923 companies in the REITs industry, placing it in the top 25.8%.
Is Texton Property Fund's PB Ratio too high?
Texton Property Fund's current PB Ratio of 0.65 is 20% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.04. The REITs industry median PB Ratio is 0.86. Texton Property Fund's value of 0.65 is 24.4% below this industry median. Based on the distribution chart, Texton Property Fund ranks #238 out of 923 companies in the REITs industry, which is above the industry midpoint. Overall, Texton 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 Texton Property Fund's PB Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, Texton Property Fund ranks #238 out of 923 companies for PB Ratio. This puts Texton Property Fund in the upper half of its industry. The industry median PB Ratio is 0.86. Texton Property Fund's value of 0.65 is 24.4% below this benchmark. Historically, Texton Property Fund's own PB Ratio has ranged from 0.14 to 1.04 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.86, Texton 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 923 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. Texton Property Fund's current PB Ratio of 0.65 is 24.4% 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 Texton 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. Texton Property Fund's current PB Ratio is 0.65, which is 20% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.44, compared to a current price of R3.25 — trading 33.2% above its estimated fair value. The current PB Ratio is 0.65, which is 20% above median its 10-year median of 0.54 and 24.4% below the REITs industry median of 0.86. Texton Property Fund's overall GF Score™ is 61/100 with 7 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 Texton Property Fund (JSE:TEX), the current PB Ratio is 0.65 as of Jul. 15, 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R3.25 is trading 33.2% above its estimated GF Value™ of R2.44.
GuruFocus considers Texton Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:TEX:
PB Ratio: 0.65 (20% above median its 10-year median of 0.54)
GF Value™: R2.44 vs. price of R3.25 (33.2% above fair value)
Industry Position: 24.4% below the REITs median (#238 of 923)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
61GF Score
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