Exemplar REITailJSE:EXP 73 PB Ratio is 0.93 as of Jun. 26, 2026, which is 7% above its 10-year median of 0.87. 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 929 REITs companies, Exemplar REITail ranks worse than 57.48% on this metric.
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. As of today (2026-06-26), Exemplar REITail's share price is R18.00. Exemplar REITail's Book Value per Share for the quarter that ended in Feb. 2026 was R19.28. Hence, Exemplar REITail's PB Ratio of today is 0.93.
Warning Sign:
Exemplar REITail Ltd stock PB Ratio (=0.93) is close to 3-year high of 1.03.
The historical rank and industry rank for Exemplar REITail's PB Ratio or its related term are showing as below:
JSE:EXP'
s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 0.87 Max: 2.01
Current: 0.93
During the past 11 years, Exemplar REITail's highest PB Ratio was 2.01. The lowest was 0.71. And the median was 0.87.
JSE:EXP's PB Ratio is ranked worse than 57.48% of 929
companies
in the REITs industry
Industry Median: 0.87
vs JSE:EXP: 0.93
During the past 12 months, Exemplar REITail's average Book Value Per Share Growth Rate was 14.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.90% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Exemplar REITail was 42.70% per year. The lowest was 4.00% per year. And the median was 10.90% 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.
Exemplar REITail PB Ratio Related Terms
Exemplar REITail PB Ratio Historical Data
* Premium members only.
The historical data trend for Exemplar REITail'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 - Retail subindustry, Exemplar REITail'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.
Exemplar REITail PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's PB Ratio distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a PB Ratio of 0.93 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Exemplar REITail and its competitors. This is near median its historical median of 0.87. Over the past decade, Exemplar REITail's PB Ratio has ranged from 0.71 to 2.01. According to the industry distribution chart, Exemplar REITail ranks #534 out of 929 companies in the REITs industry, placing it in the top 57.5%.
Is Exemplar REITail's PB Ratio too high?
Exemplar REITail's current PB Ratio of 0.93 is near median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.01. The REITs industry median PB Ratio is 0.87. Exemplar REITail's value of 0.93 is 6.9% above this industry median. Based on the distribution chart, Exemplar REITail ranks #534 out of 929 companies in the REITs industry, which is below the industry midpoint. 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 PB Ratio compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #534 out of 929 companies for PB Ratio. This places Exemplar REITail in the lower half of its industry. The industry median PB Ratio is 0.87. Exemplar REITail's value of 0.93 is 6.9% above this benchmark. Historically, Exemplar REITail's own PB Ratio has ranged from 0.71 to 2.01 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 0.87, 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.87, 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. Exemplar REITail's current PB Ratio of 0.93 is 6.9% 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 Exemplar REITail and its competitors. For the REITs industry, the median PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current PB Ratio is 0.93, which is near median its own 10-year median of 0.87. 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 PB Ratio is 0.93, which is near median its 10-year median of 0.87 and 6.9% above the REITs industry median of 0.87. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current PB Ratio is 0.93 as of Jun. 26, 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:
PB Ratio: 0.93 (near median its 10-year median of 0.87)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
Industry Position: 6.9% above the REITs median (#534 of 929)
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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