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Equites Property FundJSE:EQU +0.57%77 PB Ratio is 1.07 as of Aug. 11, 2026, which is at its 10-year median of 1.07. GuruFocus rates JSE:EQU with a GF Score™ of 77/100 and a GF Value™ of R13.45 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 923 REITs companies, Equites Property Fund ranks worse than 72.05% on this metric.
Equites Property Fund Ltd stock PB Ratio (=1.07) is close to 3-year high of 1.16.
The historical rank and industry rank for Equites Property Fund's PB Ratio or its related term are showing as below:
JSE:EQU'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.07 Max: 1.6
Current: 1.07
During the past 12 years, Equites Property Fund's highest PB Ratio was 1.60. The lowest was 0.62. And the median was 1.07.
JSE:EQU's PB Ratio is ranked worse than 72.05% of 923
companies
in the REITs industry
Industry Median: 0.85
vs JSE:EQU: 1.07
During the past 12 months, Equites Property Fund's average Book Value Per Share Growth Rate was 1.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Equites Property Fund was 10.50% per year. The lowest was -4.00% per year. And the median was 3.20% 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.
* 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 - Industrial subindustry, Equites 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.
Equites Property Fund PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Equites 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.
Equites Property Fund (JSE:EQU) has a PB Ratio of 1.07 as of Aug. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Equites Property Fund and its competitors. This is near median its historical median of 1.07. Over the past decade, Equites Property Fund's PB Ratio has ranged from 0.62 to 1.60. According to the industry distribution chart, Equites Property Fund ranks #665 out of 923 companies in the REITs industry, placing it in the top 72%.
Is Equites Property Fund's PB Ratio too high?
Equites Property Fund's current PB Ratio of 1.07 is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.60. The REITs industry median PB Ratio is 0.85. Equites Property Fund's value of 1.07 is 25.9% above this industry median. Based on the distribution chart, Equites Property Fund ranks #665 out of 923 companies in the REITs industry, which is below the industry midpoint. Overall, Equites Property Fund has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #665 out of 923 companies for PB Ratio. This places Equites Property Fund in the lower half of its industry. The industry median PB Ratio is 0.85. Equites Property Fund's value of 1.07 is 25.9% above this benchmark. Historically, Equites Property Fund's own PB Ratio has ranged from 0.62 to 1.60 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 0.85, Equites Property Fund 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 0.85, 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. Equites Property Fund's current PB Ratio of 1.07 is 25.9% 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 Equites Property Fund and its competitors. For the REITs industry, the median PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current PB Ratio is 1.07, which is near median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R13.45, compared to a current price of R17.79 — trading 32.3% above its estimated fair value. The current PB Ratio is 1.07, which is near median its 10-year median of 1.07 and 25.9% above the REITs industry median of 0.85. Equites Property Fund's overall GF Score™ is 77/100 with 12 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 Equites Property Fund (JSE:EQU), the current PB Ratio is 1.07 as of Aug. 11, 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 Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.79 is trading 32.3% above its estimated GF Value™ of R13.45.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
PB Ratio: 1.07 (near median its 10-year median of 1.07)
GF Value™: R13.45 vs. price of R17.79 (32.3% above fair value)
Industry Position: 25.9% above the REITs median (#665 of 923)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
77GF Score
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