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Vukile Property FundNAM:VKN 73 Return-on-Tangible-Asset is 11.23% as of Mar. 2026, which is 99% above its 10-year median of 5.63. GuruFocus rates NAM:VKN with a GF Score™ of 73/100 and a GF Value™ of N$21.74 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 931 REITs companies, Vukile Property Fund ranks better than 84% 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. Vukile Property Fund's annualizedNet Income for the quarter that ended in Mar. 2026 was N$6,736 Mil. Vukile Property Fund's average total tangible assets for the quarter that ended in Mar. 2026 was N$59,961 Mil. Therefore, Vukile Property Fund's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.23%.
The historical rank and industry rank for Vukile Property Fund's Return-on-Tangible-Asset or its related term are showing as below:
NAM:VKN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.27 Med: 5.63 Max: 11.8
Current: 9.77
During the past 13 years, Vukile Property Fund's highest Return-on-Tangible-Asset was 11.80%. The lowest was -0.27%. And the median was 5.63%.
NAM:VKN's Return-on-Tangible-Asset is ranked better than 84% of 931
companies
in the REITs industry
Industry Median: 3.24
vs NAM:VKN: 9.77
Vukile Property Fund (NAM:VKN) 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.
Vukile Property Fund Return-on-Tangible-Asset Related Terms
Vukile Property Fund Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Vukile 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.
Vukile Property Fund Return-on-Tangible-Asset Chart
NAM:VKN vs SPG, O, KIM: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, Vukile 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.
Vukile Property Fund Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Vukile Property Fund's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Vukile 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.23% mean?
Vukile Property Fund (NAM:VKN) has a Return-on-Tangible-Asset of 11.23% 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 Vukile Property Fund and its competitors. This is 99% above median its historical median of 5.63. According to the industry distribution chart, Vukile Property Fund ranks #149 out of 931 companies in the REITs industry, placing it in the top 16%.
Is Vukile Property Fund's Return-on-Tangible-Asset too high?
Vukile Property Fund's current Return-on-Tangible-Asset of 11.23% is 99% above median its 10-year median of 5.63. The REITs industry median Return-on-Tangible-Asset is 3.24. Vukile Property Fund's value of 11.23% is 246.6% above this industry median. Based on the distribution chart, Vukile Property Fund ranks #149 out of 931 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vukile Property Fund has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Return-on-Tangible-Asset compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #149 out of 931 companies for Return-on-Tangible-Asset. This places Vukile Property Fund in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Vukile Property Fund's value of 11.23% is 246.6% above this benchmark. While the company's 10-year median is 5.63 vs. the industry median of 3.24, Vukile Property Fund 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 3.24, based on 931 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. Vukile Property Fund's current Return-on-Tangible-Asset of 11.23% is 246.6% 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 Vukile Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vukile Property Fund's current Return-on-Tangible-Asset is 11.23%, which is 99% above median its own 10-year median of 5.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (NAM:VKN) is currently considered Modestly Overvalued. The stock's GF Value™ is N$21.74, compared to a current price of N$24.74 — trading 13.8% above its estimated fair value. The current Return-on-Tangible-Asset is 11.23%, which is 99% above median its 10-year median of 5.63 and 246.6% above the REITs industry median of 3.24. Vukile Property Fund's overall GF Score™ is 73/100 with 8 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 Vukile Property Fund (NAM:VKN), the current Return-on-Tangible-Asset is 11.23% 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 Vukile Property Fund (NAM:VKN) Overvalued in 2026?
Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued.
The current stock price of N$24.74 is trading 13.8% above its estimated GF Value™ of N$21.74.
GuruFocus considers Vukile Property Fund to be Modestly Overvalued.
Key valuation signals for NAM:VKN:
Return-on-Tangible-Asset: 11.23% (99% above median its 10-year median of 5.63)
GF Value™: N$21.74 vs. price of N$24.74 (13.8% above fair value)
Industry Position: 246.6% above the REITs median (#149 of 931)
No single metric tells the full story. See the NAM:VKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
73GF Score
Get the complete analysis for NAM:VKN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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