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Equites Property FundJSE:EQU -0.29%82 PS Ratio is 4.67 as of Aug. 19, 2026, which is 46% below its 10-year median of 8.72. GuruFocus rates JSE:EQU with a GF Score™ of 82/100 and a GF Value™ of R12.28 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 901 REITs companies, Equites Property Fund ranks better than 69.37% 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, Equites Property Fund's share price is R17.43.
Equites Property Fund's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was R3.73. Hence, Equites Property Fund's PS Ratio for today is 4.67.
The historical rank and industry rank for Equites Property Fund's PS Ratio or its related term are showing as below:
JSE:EQU'
s PS Ratio Range Over the Past 10 Years
Min: 2.7 Med: 8.72 Max: 14.42
Current: 4.67
During the past 12 years, Equites Property Fund's highest PS Ratio was 14.42. The lowest was 2.70. And the median was 8.72.
JSE:EQU's PS Ratio is ranked better than 69.37% of 901
companies
in the REITs industry
Industry Median: 6.45
vs JSE:EQU: 4.67
Equites Property Fund Ltd revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Equites Property Fund was -20.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -3.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 15.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 11.00% per year.
During the past 12 years, Equites Property Fund's highest 3-Year average Revenue per Share Growth Rate was 30.00% per year. The lowest was -5.40% per year. And the median was 8.60% per year.
Equites Property Fund (JSE:EQU) 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.
* 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 - Industrial subindustry, Equites 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.
Equites Property Fund PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Equites Property Fund's PS Ratio distribution charts can be found below:
* The bar in red indicates where Equites 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.
Equites Property Fund's Share Price of today is R17.43.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Equites Property Fund's Revenue per Share for the trailing twelve months (TTM) ended in Feb. 2026 was R3.73.
* 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:
Equites Property Fund (JSE:EQU) has a PS Ratio of 4.67 as of Aug. 19, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Equites Property Fund and its competitors. This is 46% below median its historical median of 8.72. Over the past decade, Equites Property Fund's PS Ratio has ranged from 2.70 to 14.42. According to the industry distribution chart, Equites Property Fund ranks #276 out of 901 companies in the REITs industry, placing it in the top 30.6%.
Is Equites Property Fund's PS Ratio too high?
Equites Property Fund's current PS Ratio of 4.67 is 46% below median its 10-year median of 8.72. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 14.42. The REITs industry median PS Ratio is 6.45. Equites Property Fund's value of 4.67 is 27.6% below this industry median. Based on the distribution chart, Equites Property Fund ranks #276 out of 901 companies in the REITs industry, which is above the industry midpoint. Overall, Equites Property Fund has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Equites Property Fund's PS Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Equites Property Fund ranks #276 out of 901 companies for PS Ratio. This puts Equites Property Fund in the upper half of its industry. The industry median PS Ratio is 6.45. Equites Property Fund's value of 4.67 is 27.6% below this benchmark. Historically, Equites Property Fund's own PS Ratio has ranged from 2.70 to 14.42 over the past decade. While the company's 10-year median is 8.72 vs. the industry median of 6.45, Equites 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 6.45, based on 901 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. Equites Property Fund's current PS Ratio of 4.67 is 27.6% 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 Equites Property Fund and its competitors. For the REITs industry, the median PS Ratio is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equites Property Fund's current PS Ratio is 4.67, which is 46% below median its own 10-year median of 8.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equites Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Equites Property Fund (JSE:EQU) is currently considered Significantly Overvalued. The stock's GF Value™ is R12.28, compared to a current price of R17.43 — trading 41.9% above its estimated fair value. The current PS Ratio is 4.67, which is 46% below median its 10-year median of 8.72 and 27.6% below the REITs industry median of 6.45. Equites Property Fund's overall GF Score™ is 82/100 with 12 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 Equites Property Fund (JSE:EQU), the current PS Ratio is 4.67 as of Aug. 19, 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 Equites Property Fund (JSE:EQU) Overvalued in 2026?
Based on GuruFocus' analysis, Equites Property Fund stock appears to be overvalued.
The current stock price of R17.43 is trading 41.9% above its estimated GF Value™ of R12.28.
GuruFocus considers Equites Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EQU:
PS Ratio: 4.67 (46% below median its 10-year median of 8.72)
GF Value™: R12.28 vs. price of R17.43 (41.9% above fair value)
Industry Position: 27.6% below the REITs median (#276 of 901)
No single metric tells the full story. See the JSE:EQU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Equites Property Fund Ltd generates rental income from investment in and development of modern logistics facilities. Its business activities include development, acquisition of vacant land and brownfield opportunities, acquisition of tenanted property, property management, and capital management. The Group operates through three reportable segments: SA Industrial, generate maximum revenue, which incorporates all the SA industrial and logistics assets; UK Developer, which relates to the disposal of land and turnkey developments; and Other, which comprises non-property-related activities. The Group has industrial and logistics assets in the Western Cape, Eastern Cape, Gauteng, and KwaZulu-Natal, and one ongoing development site in the UK.
82GF Score
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