Exemplar REITailJSE:EXP 73 Pretax Margin % is 134.04% as of Feb. 2026, which is 46% above its 10-year median of 91.57. 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 927 REITs companies, Exemplar REITail ranks better than 85.11% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Exemplar REITail Pretax Margin % Related Terms
Exemplar REITail Pretax Margin % Historical Data
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The historical data trend for Exemplar REITail's Pretax Margin % 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.
JSE:EXP vs SPG, O, KIM: Pretax Margin % Comparison
For the REIT - Retail subindustry, Exemplar REITail's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Exemplar REITail's Pretax Margin % falls into.
* 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.
Exemplar REITail (JSE:EXP) has a Pretax Margin % of 134.04% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Exemplar REITail and its competitors. This is 46% above median its historical median of 91.57. Over the past decade, Exemplar REITail's Pretax Margin % has ranged from 30.81 to 150.05. According to the industry distribution chart, Exemplar REITail ranks #138 out of 927 companies in the REITs industry, placing it in the top 14.9%.
Is Exemplar REITail's Pretax Margin % too high?
Exemplar REITail's current Pretax Margin % of 134.04% is 46% above median its 10-year median of 91.57. Over the past 10 years, this metric has ranged from a low of 30.81 to a high of 150.05. The REITs industry median Pretax Margin % is 46.70. Exemplar REITail's value of 134.04% is 187% above this industry median. Based on the distribution chart, Exemplar REITail ranks #138 out of 927 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #138 out of 927 companies for Pretax Margin %. This places Exemplar REITail in the top 15% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 46.70. Exemplar REITail's value of 134.04% is 187% above this benchmark. Historically, Exemplar REITail's own Pretax Margin % has ranged from 30.81 to 150.05 over the past decade. While the company's 10-year median is 91.57 vs. the industry median of 46.70, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.70, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exemplar REITail's current Pretax Margin % of 134.04% is 187% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Exemplar REITail and its competitors. For the REITs industry, the median Pretax Margin % is 46.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current Pretax Margin % is 134.04%, which is 46% above median its own 10-year median of 91.57. 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 Pretax Margin % is 134.04%, which is 46% above median its 10-year median of 91.57 and 187% above the REITs industry median of 46.70. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current Pretax Margin % is 134.04% as of Feb. 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:
Pretax Margin %: 134.04% (46% above median its 10-year median of 91.57)
GF Value™: R15.65 vs. price of R18.00 (15% above fair value)
Industry Position: 187% above the REITs median (#138 of 927)
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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