Texton Property FundJSE:TEX -12.00%57 Pretax Margin % is 18.10% as of Dec. 2025, which is 300% above its 10-year median of 4.53. GuruFocus rates JSE:TEX with a GF Score™ of 57/100 and a GF Value™ of R2.45 (Fairly Valued). The stock has 7 warning signs investors should review. Among 931 REITs companies, Texton Property Fund ranks worse than 61.22% on this metric.
The historical rank and industry rank for Texton Property Fund's Pretax Margin % or its related term are showing as below:
JSE:TEX'
s Pretax Margin % Range Over the Past 10 Years
Min: -91.45 Med: 4.53 Max: 56.6
Current: 36
JSE:TEX's Pretax Margin % is ranked worse than 61.22% of 931
companies
in the REITs industry
Industry Median: 46.93
vs JSE:TEX: 36.00
Texton Property Fund (JSE:TEX) 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.
Texton Property Fund Pretax Margin % Related Terms
Texton Property Fund Pretax Margin % Historical Data
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The historical data trend for Texton Property Fund'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:TEX vs BXP, ARE, VNO: Pretax Margin % Comparison
For the REIT - Office subindustry, Texton Property Fund'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.
Texton Property Fund Pretax Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Texton Property Fund's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Texton Property Fund'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.
Texton Property Fund (JSE:TEX) has a Pretax Margin % of 18.10% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Texton Property Fund and its competitors. This is 300% above median its historical median of 4.53. According to the industry distribution chart, Texton Property Fund ranks #570 out of 931 companies in the REITs industry, placing it in the top 61.2%.
Is Texton Property Fund's Pretax Margin % too high?
Texton Property Fund's current Pretax Margin % of 18.10% is 300% above median its 10-year median of 4.53. The REITs industry median Pretax Margin % is 46.93. Texton Property Fund's value of 18.10% is 61.4% below this industry median. Based on the distribution chart, Texton Property Fund ranks #570 out of 931 companies in the REITs industry, which is below the industry midpoint. Overall, Texton Property Fund has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's Pretax Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Texton Property Fund ranks #570 out of 931 companies for Pretax Margin %. This places Texton Property Fund in the lower half of its industry. The industry median Pretax Margin % is 46.93. Texton Property Fund's value of 18.10% is 61.4% below this benchmark. While the company's 10-year median is 4.53 vs. the industry median of 46.93, Texton Property Fund 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 46.93, based on 931 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. Texton Property Fund's current Pretax Margin % of 18.10% is 61.4% 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 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 Texton Property Fund and its competitors. For the REITs industry, the median Pretax Margin % is 46.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texton Property Fund's current Pretax Margin % is 18.10%, which is 300% above median its own 10-year median of 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Fairly Valued. The stock's GF Value™ is R2.45, compared to a current price of R2.64 — trading 7.8% above its estimated fair value. The current Pretax Margin % is 18.10%, which is 300% above median its 10-year median of 4.53 and 61.4% below the REITs industry median of 46.93. Texton Property Fund's overall GF Score™ is 57/100 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 Texton Property Fund (JSE:TEX), the current Pretax Margin % is 18.10% as of Dec. 2025. 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?
Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued.
The current stock price of R2.64 is trading 7.8% above its estimated GF Value™ of R2.45.
GuruFocus considers Texton Property Fund to be Fairly Valued.
Key valuation signals for JSE:TEX:
Pretax Margin %: 18.10% (300% above median its 10-year median of 4.53)
GF Value™: R2.45 vs. price of R2.64 (7.8% above fair value)
Industry Position: 61.4% below the REITs median (#570 of 931)
No single metric tells the full story. See the JSE:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
57GF Score
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