Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Emira Property FundJSE:EMI -1.16%54 PS Ratio is 4.43 as of Jul. 17, 2026, which is 28% above its 10-year median of 3.45. GuruFocus rates JSE:EMI with a GF Score™ of 54/100 and a GF Value™ of R8.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 910 REITs companies, Emira Property Fund ranks better than 73.41% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Emira Property Fund's share price is R13.64.
Emira Property Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R3.08. Hence, Emira Property Fund's PS Ratio for today is 4.43.
The historical rank and industry rank for Emira Property Fund's PS Ratio or its related term are showing as below:
JSE:EMI'
s PS Ratio Range Over the Past 10 Years
Min: 1.64 Med: 3.45 Max: 4.96
Current: 4.44
During the past 13 years, Emira Property Fund's highest PS Ratio was 4.96. The lowest was 1.64. And the median was 3.45.
JSE:EMI's PS Ratio is ranked better than 73.41% of 910
companies
in the REITs industry
Industry Median: 6.705
vs JSE:EMI: 4.44
Emira Property Fund Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Emira Property Fund was -11.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 1.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -0.80% per year.
During the past 13 years, Emira Property Fund's highest 3-Year average Revenue per Share Growth Rate was 74.60% per year. The lowest was -10.80% per year. And the median was 4.70% per year.
Back to Basics: PS Ratio
Emira Property Fund (JSE:EMI) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Emira Property Fund PS Ratio Related Terms
Emira Property Fund PS Ratio Historical Data
* Premium members only.
The historical data trend for Emira Property Fund's PS 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, Emira Property Fund's PS Ratio, along with its competitors' market caps and PS 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.
Emira Property Fund PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where Emira Property Fund's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Emira Property Fund's Share Price of today is R13.64.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Emira Property Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R3.08.
* 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:
Emira Property Fund (JSE:EMI) has a PS Ratio of 4.43 as of Jul. 17, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Emira Property Fund and its competitors. This is 28% above median its historical median of 3.45. Over the past decade, Emira Property Fund's PS Ratio has ranged from 1.64 to 4.96. According to the industry distribution chart, Emira Property Fund ranks #242 out of 910 companies in the REITs industry, placing it in the top 26.6%.
Is Emira Property Fund's PS Ratio too high?
Emira Property Fund's current PS Ratio of 4.43 is 28% above median its 10-year median of 3.45. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 4.96. The REITs industry median PS Ratio is 6.71. Emira Property Fund's value of 4.43 is 33.9% below this industry median. Based on the distribution chart, Emira Property Fund ranks #242 out of 910 companies in the REITs industry, which is above the industry midpoint. Overall, Emira Property Fund has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #242 out of 910 companies for PS Ratio. This puts Emira Property Fund in the upper half of its industry. The industry median PS Ratio is 6.71. Emira Property Fund's value of 4.43 is 33.9% below this benchmark. Historically, Emira Property Fund's own PS Ratio has ranged from 1.64 to 4.96 over the past decade. While the company's 10-year median is 3.45 vs. the industry median of 6.71, Emira 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.71, based on 910 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emira Property Fund's current PS Ratio of 4.43 is 33.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Emira Property Fund and its competitors. For the REITs industry, the median PS Ratio is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current PS Ratio is 4.43, which is 28% above median its own 10-year median of 3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.63, compared to a current price of R13.64 — trading 58.1% above its estimated fair value. The current PS Ratio is 4.43, which is 28% above median its 10-year median of 3.45 and 33.9% below the REITs industry median of 6.71. Emira Property Fund's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Emira Property Fund (JSE:EMI), the current PS Ratio is 4.43 as of Jul. 17, 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.64 is trading 58.1% above its estimated GF Value™ of R8.63.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
PS Ratio: 4.43 (28% above median its 10-year median of 3.45)
GF Value™: R8.63 vs. price of R13.64 (58.1% above fair value)
Industry Position: 33.9% below the REITs median (#242 of 910)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
54GF Score
Get the complete analysis for JSE:EMI
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:EMI has been successfully added to your 
