FairvestJSE:FTB -1.48%54 Pretax Margin % is 49.25% as of Mar. 2026, which is 7% below its 10-year median of 53.06. GuruFocus rates JSE:FTB with a GF Score™ of 54/100 and a GF Value™ of R4.56 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 927 REITs companies, Fairvest ranks better than 63.32% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fairvest's Pre-Tax Income for the
six
months ended in Mar. 2026 was R622 Mil. Fairvest's Revenue for the
six
months ended in Mar. 2026 was R1,262 Mil. Therefore, Fairvest's pretax margin for the quarter that ended in Mar. 2026 was 49.25%.
The historical rank and industry rank for Fairvest's Pretax Margin % or its related term are showing as below:
JSE:FTB'
s Pretax Margin % Range Over the Past 10 Years
Min: 34.94 Med: 53.06 Max: 69.26
Current: 69.26
JSE:FTB's Pretax Margin % is ranked better than 63.32% of 927
companies
in the REITs industry
Industry Median: 46.7
vs JSE:FTB: 69.26
Fairvest (JSE:FTB) Pretax Margin % Explanation
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.
Fairvest Pretax Margin % Related Terms
Fairvest Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Fairvest'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:FTB vs SPG, O, KIM: Pretax Margin % Comparison
For the REIT - Retail subindustry, Fairvest'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.
Fairvest Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Fairvest's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Fairvest'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.
Fairvest (JSE:FTB) has a Pretax Margin % of 49.25% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Fairvest and its competitors. This is near median its historical median of 53.06. Over the past decade, Fairvest's Pretax Margin % has ranged from 34.94 to 69.26. According to the industry distribution chart, Fairvest ranks #340 out of 927 companies in the REITs industry, placing it in the top 36.7%.
Is Fairvest's Pretax Margin % too high?
Fairvest's current Pretax Margin % of 49.25% is near median its 10-year median of 53.06. Over the past 10 years, this metric has ranged from a low of 34.94 to a high of 69.26. The REITs industry median Pretax Margin % is 46.70. Fairvest's value of 49.25% is 5.5% above this industry median. Based on the distribution chart, Fairvest ranks #340 out of 927 companies in the REITs industry, which is above the industry midpoint. Overall, Fairvest has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fairvest's Pretax Margin % compare to SPG and O?
According to the REITs industry distribution chart, Fairvest ranks #340 out of 927 companies for Pretax Margin %. This puts Fairvest in the upper half of its industry. The industry median Pretax Margin % is 46.70. Fairvest's value of 49.25% is 5.5% above this benchmark. Historically, Fairvest's own Pretax Margin % has ranged from 34.94 to 69.26 over the past decade. While the company's 10-year median is 53.06 vs. the industry median of 46.70, Fairvest 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. Fairvest's current Pretax Margin % of 49.25% is 5.5% 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 Fairvest 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. Fairvest's current Pretax Margin % is 49.25%, which is near median its own 10-year median of 53.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairvest stock overvalued right now?
Based on GuruFocus' analysis, Fairvest (JSE:FTB) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.56, compared to a current price of R7.34 — trading 61% above its estimated fair value. The current Pretax Margin % is 49.25%, which is near median its 10-year median of 53.06 and 5.5% above the REITs industry median of 46.70. Fairvest's overall GF Score™ is 54/100 with 7 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 Fairvest (JSE:FTB), the current Pretax Margin % is 49.25% as of Mar. 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 Fairvest (JSE:FTB) Overvalued in 2026?
Based on GuruFocus' analysis, Fairvest stock appears to be overvalued.
The current stock price of R7.34 is trading 61% above its estimated GF Value™ of R4.56.
GuruFocus considers Fairvest to be Significantly Overvalued.
Key valuation signals for JSE:FTB:
Pretax Margin %: 49.25% (near median its 10-year median of 53.06)
GF Value™: R4.56 vs. price of R7.34 (61% above fair value)
Industry Position: 5.5% above the REITs median (#340 of 927)
No single metric tells the full story. See the JSE:FTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial and Retail, Residential and overheads. The majority is from the Retail segment. Geographically, it is located in South Africa but its geographic segments ranges in Gauteng, Western Cape, KwaZuluNatal, Eastern Cape, Limpopo, Mpumalanga, North West Northern Cape,Free State and Other. The key revenue here is observed in the western cape region.
54GF Score
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