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Burstone GroupJSE:BTN -0.21%65 Return-on-Tangible-Asset is 7.26% as of Mar. 2026, which is 66% above its 10-year median of 4.37. GuruFocus rates JSE:BTN with a GF Score™ of 65/100 and a GF Value™ of R8.71 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 925 REITs companies, Burstone Group ranks better than 62.49% on this metric.
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. Burstone Group's annualizedNet Income for the quarter that ended in Mar. 2026 was R1,256 Mil. Burstone Group's average total tangible assets for the quarter that ended in Mar. 2026 was R17,285 Mil. Therefore, Burstone Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.26%.
The historical rank and industry rank for Burstone Group's Return-on-Tangible-Asset or its related term are showing as below:
JSE:BTN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.3 Med: 4.37 Max: 8.03
Current: 4.55
During the past 13 years, Burstone Group's highest Return-on-Tangible-Asset was 8.03%. The lowest was -10.30%. And the median was 4.37%.
JSE:BTN's Return-on-Tangible-Asset is ranked better than 62.49% of 925
companies
in the REITs industry
Industry Median: 3.31
vs JSE:BTN: 4.55
Burstone Group (JSE:BTN) 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.
Burstone Group Return-on-Tangible-Asset Related Terms
Burstone Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Burstone Group'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.
JSE:BTN vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Burstone Group'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.
Burstone Group Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Burstone Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Burstone Group'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.26% mean?
Burstone Group (JSE:BTN) has a Return-on-Tangible-Asset of 7.26% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Burstone Group and its competitors. This is 66% above median its historical median of 4.37. According to the industry distribution chart, Burstone Group ranks #347 out of 925 companies in the REITs industry, placing it in the top 37.5%.
Is Burstone Group's Return-on-Tangible-Asset too high?
Burstone Group's current Return-on-Tangible-Asset of 7.26% is 66% above median its 10-year median of 4.37. The REITs industry median Return-on-Tangible-Asset is 3.31. Burstone Group's value of 7.26% is 119.3% above this industry median. Based on the distribution chart, Burstone Group ranks #347 out of 925 companies in the REITs industry, which is above the industry midpoint. Overall, Burstone Group has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burstone Group's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Burstone Group ranks #347 out of 925 companies for Return-on-Tangible-Asset. This puts Burstone Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Burstone Group's value of 7.26% is 119.3% above this benchmark. While the company's 10-year median is 4.37 vs. the industry median of 3.31, Burstone Group 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 925 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. Burstone Group's current Return-on-Tangible-Asset of 7.26% is 119.3% 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 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 Burstone Group and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Burstone Group's current Return-on-Tangible-Asset is 7.26%, which is 66% above median its own 10-year median of 4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burstone Group stock overvalued right now?
Based on GuruFocus' analysis, Burstone Group (JSE:BTN) is currently considered Modestly Overvalued. The stock's GF Value™ is R8.71, compared to a current price of R9.66 — trading 10.9% above its estimated fair value. The current Return-on-Tangible-Asset is 7.26%, which is 66% above median its 10-year median of 4.37 and 119.3% above the REITs industry median of 3.31. Burstone Group's overall GF Score™ is 65/100 with 12 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 Burstone Group (JSE:BTN), the current Return-on-Tangible-Asset is 7.26% 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 Burstone Group (JSE:BTN) Overvalued in 2026?
Based on GuruFocus' analysis, Burstone Group stock appears to be overvalued.
The current stock price of R9.66 is trading 10.9% above its estimated GF Value™ of R8.71.
GuruFocus considers Burstone Group to be Modestly Overvalued.
Key valuation signals for JSE:BTN:
Return-on-Tangible-Asset: 7.26% (66% above median its 10-year median of 4.37)
GF Value™: R8.71 vs. price of R9.66 (10.9% above fair value)
Industry Position: 119.3% above the REITs median (#347 of 925)
No single metric tells the full story. See the JSE:BTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burstone Group Ltd is a real estate investment trust operating in South Africa and formed with the purpose of investing in direct real estate. The objective of the fund is to expand its asset base by investing in well-priced income-producing investment properties. The fund invests in the office, industrial, and retail property sectors and is managed and operated by Investec Property, which is a wholly-owned subsidiary of Investec. The fund is well diversified in terms of sectoral spread but mostly concentrates investments in the province of Gauteng from a geographical spread standpoint. The vast majority of the fund's revenue is derived from contracted rental fees.
65GF Score
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