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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Accelerate Property Fund's annualizedNet Income for the quarter that ended in Sep. 2025 was R98.3 Mil. Accelerate Property Fund's average total tangible assets for the quarter that ended in Sep. 2025 was R7,896.0 Mil. Therefore, Accelerate Property Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 1.25%.
The historical rank and industry rank for Accelerate Property Fund's Return-on-Tangible-Asset or its related term are showing as below:
JSE:APF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.42 Med: -2.45 Max: 10.04
Current: -11.69
During the past 13 years, Accelerate Property Fund's highest Return-on-Tangible-Asset was 10.04%. The lowest was -14.42%. And the median was -2.45%.
JSE:APF's Return-on-Tangible-Asset is ranked worse than 97.75% of 933
companies
in the REITs industry
Industry Median: 3.27
vs JSE:APF: -11.69
Accelerate Property Fund (JSE:APF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Accelerate Property Fund Return-on-Tangible-Asset Related Terms
Accelerate Property Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Accelerate Property Fund's Return-on-Tangible-Asset 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.
Accelerate Property Fund Return-on-Tangible-Asset Chart
JSE:APF vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Accelerate Property Fund's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Accelerate Property Fund Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Accelerate Property Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Accelerate Property Fund's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 1.25% mean?
Accelerate Property Fund (JSE:APF) has a Return-on-Tangible-Asset of 1.25% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Accelerate Property Fund and its competitors. According to the industry distribution chart, Accelerate Property Fund ranks #912 out of 933 companies in the REITs industry, placing it in the top 97.7%.
Is Accelerate Property Fund's Return-on-Tangible-Asset too high?
Accelerate Property Fund's current Return-on-Tangible-Asset is 1.25%. The REITs industry median Return-on-Tangible-Asset is 3.27. Accelerate Property Fund's value of 1.25% is 61.8% below this industry median. Based on the distribution chart, Accelerate Property Fund ranks #912 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Accelerate Property Fund has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Accelerate Property Fund ranks #912 out of 933 companies for Return-on-Tangible-Asset. This places Accelerate Property Fund in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Accelerate Property Fund's value of 1.25% is 61.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Accelerate Property Fund's current Return-on-Tangible-Asset of 1.25% is 61.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Accelerate Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accelerate Property Fund's current Return-on-Tangible-Asset is 1.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.36, compared to a current price of R0.47 — trading 30.6% above its estimated fair value. The current Return-on-Tangible-Asset is 1.25% and 61.8% below the REITs industry median of 3.27. Accelerate Property Fund's overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Accelerate Property Fund (JSE:APF), the current Return-on-Tangible-Asset is 1.25% as of Sep. 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 Accelerate Property Fund (JSE:APF) Overvalued in 2026?
Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued.
The current stock price of R0.47 is trading 30.6% above its estimated GF Value™ of R0.36.
GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:APF:
Return-on-Tangible-Asset: 1.25%
GF Value™: R0.36 vs. price of R0.47 (30.6% above fair value)
Industry Position: 61.8% below the REITs median (#912 of 933)
No single metric tells the full story. See the JSE:APF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
32GF Score
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