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Afine InvestmentsJSE:ANI 64 Return-on-Tangible-Equity is 11.79% as of Feb. 2026, which is 47% below its 10-year median of 22.20. GuruFocus rates JSE:ANI with a GF Score™ of 64/100 and a GF Value™ of R4.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 934 REITs companies, Afine Investments ranks better than 78.05% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Afine Investments's annualized net income for the quarter that ended in Feb. 2026 was R39.96 Mil. Afine Investments's average shareholder tangible equity for the quarter that ended in Feb. 2026 was R338.97 Mil. Therefore, Afine Investments's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 11.79%.
The historical rank and industry rank for Afine Investments's Return-on-Tangible-Equity or its related term are showing as below:
JSE:ANI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.29 Med: 22.2 Max: 206.19
Current: 11.54
During the past 6 years, Afine Investments's highest Return-on-Tangible-Equity was 206.19%. The lowest was 10.29%. And the median was 22.20%.
JSE:ANI's Return-on-Tangible-Equity is ranked better than 78.05% of 934
companies
in the REITs industry
Industry Median: 6.225
vs JSE:ANI: 11.54
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Afine Investments Return-on-Tangible-Equity Related Terms
Afine Investments Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Afine Investments's Return-on-Tangible-Equity 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:ANI vs EQIX, AMT, DLR: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, Afine Investments's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Afine Investments Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Afine Investments's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.79% mean?
Afine Investments (JSE:ANI) has a Return-on-Tangible-Equity of 11.79% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Afine Investments and its competitors. This is 47% below median its historical median of 22.20. Over the past decade, Afine Investments' Return-on-Tangible-Equity has ranged from 10.29 to 206.19. According to the industry distribution chart, Afine Investments ranks #205 out of 934 companies in the REITs industry, placing it in the top 21.9%.
Is Afine Investments' Return-on-Tangible-Equity too high?
Afine Investments' current Return-on-Tangible-Equity of 11.79% is 47% below median its 10-year median of 22.20. Over the past 10 years, this metric has ranged from a low of 10.29 to a high of 206.19. The REITs industry median Return-on-Tangible-Equity is 6.23. Afine Investments' value of 11.79% is 89.4% above this industry median. Based on the distribution chart, Afine Investments ranks #205 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Afine Investments has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' Return-on-Tangible-Equity compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #205 out of 934 companies for Return-on-Tangible-Equity. This places Afine Investments in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.23. Afine Investments' value of 11.79% is 89.4% above this benchmark. Historically, Afine Investments' own Return-on-Tangible-Equity has ranged from 10.29 to 206.19 over the past decade. While the company's 10-year median is 22.20 vs. the industry median of 6.23, Afine Investments 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 934 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current Return-on-Tangible-Equity of 11.79% is 89.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Afine Investments and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current Return-on-Tangible-Equity is 11.79%, which is 47% below median its own 10-year median of 22.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afine Investments stock overvalued right now?
Based on GuruFocus' analysis, Afine Investments (JSE:ANI) is currently considered Fairly Valued. The stock's GF Value™ is R4.96, compared to a current price of R5.00 — trading 0.8% above its estimated fair value. The current Return-on-Tangible-Equity is 11.79%, which is 47% below median its 10-year median of 22.20 and 89.4% above the REITs industry median of 6.23. Afine Investments' overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current Return-on-Tangible-Equity is 11.79% as of Feb. 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 Afine Investments (JSE:ANI) Overvalued in 2026?
Based on GuruFocus' analysis, Afine Investments stock appears to be overvalued.
The current stock price of R5.00 is trading 0.8% above its estimated GF Value™ of R4.96.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
Return-on-Tangible-Equity: 11.79% (47% below median its 10-year median of 22.20)
GF Value™: R4.96 vs. price of R5.00 (0.8% above fair value)
Industry Position: 89.4% above the REITs median (#205 of 934)
No single metric tells the full story. See the JSE:ANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.
64GF Score
Get the complete analysis for JSE:ANI
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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