Redefine PropertiesJSE:RDF -0.16%61 PB Ratio is 0.79 as of Jun. 26, 2026, which is 27% above its 10-year median of 0.62. GuruFocus rates JSE:RDF with a GF Score™ of 61/100 and a GF Value™ of R3.92 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 929 REITs companies, Redefine Properties ranks better than 58.02% on this metric.
Redefine Properties Ltd stock PB Ratio (=0.8) is close to 5-year high of 0.85.
The historical rank and industry rank for Redefine Properties's PB Ratio or its related term are showing as below:
JSE:RDF'
s PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.62 Max: 1.19
Current: 0.8
During the past 13 years, Redefine Properties's highest PB Ratio was 1.19. The lowest was 0.19. And the median was 0.62.
JSE:RDF's PB Ratio is ranked better than 58.02% of 929
companies
in the REITs industry
Industry Median: 0.87
vs JSE:RDF: 0.80
During the past 12 months, Redefine Properties's average Book Value Per Share Growth Rate was 3.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Redefine Properties was 26.70% per year. The lowest was -12.20% per year. And the median was 3.50% per year.
Back to Basics: PB Ratio
Redefine Properties (JSE:RDF) 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.
Redefine Properties PB Ratio Related Terms
Redefine Properties PB Ratio Historical Data
* Premium members only.
The historical data trend for Redefine Properties'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, Redefine Properties'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.
Redefine Properties PB Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Redefine Properties'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.
Redefine Properties (JSE:RDF) has a PB Ratio of 0.79 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 Redefine Properties and its competitors. This is 27% above median its historical median of 0.62. Over the past decade, Redefine Properties' PB Ratio has ranged from 0.19 to 1.19. According to the industry distribution chart, Redefine Properties ranks #390 out of 929 companies in the REITs industry, placing it in the top 42%.
Is Redefine Properties' PB Ratio too high?
Redefine Properties' current PB Ratio of 0.79 is 27% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.19. The REITs industry median PB Ratio is 0.87. Redefine Properties' value of 0.79 is 9.2% below this industry median. Based on the distribution chart, Redefine Properties ranks #390 out of 929 companies in the REITs industry, which is above the industry midpoint. Overall, Redefine Properties has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Redefine Properties ranks #390 out of 929 companies for PB Ratio. This puts Redefine Properties in the upper half of its industry. The industry median PB Ratio is 0.87. Redefine Properties' value of 0.79 is 9.2% below this benchmark. Historically, Redefine Properties' own PB Ratio has ranged from 0.19 to 1.19 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.87, Redefine Properties 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 0.87, 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. Redefine Properties's current PB Ratio of 0.79 is 9.2% 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 Redefine Properties 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. Redefine Properties's current PB Ratio is 0.79, which is 27% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redefine Properties stock overvalued right now?
Based on GuruFocus' analysis, Redefine Properties (JSE:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.92, compared to a current price of R6.36 — trading 62.2% above its estimated fair value. The current PB Ratio is 0.79, which is 27% above median its 10-year median of 0.62 and 9.2% below the REITs industry median of 0.87. Redefine Properties' overall GF Score™ is 61/100 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 Redefine Properties (JSE:RDF), the current PB Ratio is 0.79 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.36 is trading 62.2% above its estimated GF Value™ of R3.92.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
PB Ratio: 0.79 (27% above median its 10-year median of 0.62)
GF Value™: R3.92 vs. price of R6.36 (62.2% above fair value)
Industry Position: 9.2% below the REITs median (#390 of 929)
No single metric tells the full story. See the JSE:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland. Within South Africa, over half of the Company's properties by total value are situated in the province of Gauteng. The Group comprises the South Africa portfolio segment, including office, retail, industrial, specialised, and head office. Its international portfolio includes EPP, which is mainly retail; Redefine Europe, which is mainly industrial; Self Storage Investments, which is mainly self-storage; and Lango Real Estate, which represents the head office, along with head office funding related to international investments.
61GF Score
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