Property For IndustryPYIYF +37.95%79 Return-on-Tangible-Equity is 6.40% as of Dec. 2025, which is 45% below its 10-year median of 11.57. GuruFocus rates PYIYF with a GF Score™ of 79/100 and a GF Value™ of $1.21. The stock has 8 warning signs investors should review. Among 934 REITs companies, Property For Industry ranks better than 67.13% 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. Property For Industry's annualized net income for the quarter that ended in Dec. 2025 was $54.33 Mil. Property For Industry's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $848.72 Mil. Therefore, Property For Industry's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.40%.
The historical rank and industry rank for Property For Industry's Return-on-Tangible-Equity or its related term are showing as below:
PYIYF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.84 Med: 11.57 Max: 34.29
Current: 8.79
During the past 13 years, Property For Industry's highest Return-on-Tangible-Equity was 34.29%. The lowest was -6.84%. And the median was 11.57%.
PYIYF's Return-on-Tangible-Equity is ranked better than 67.13% of 934
companies
in the REITs industry
Industry Median: 6.225
vs PYIYF: 8.79
Property For Industry (OTCPK:PYIYF) Return-on-Tangible-Equity Explanation
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.
Property For Industry Return-on-Tangible-Equity Related Terms
Property For Industry Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Property For Industry'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.
Property For Industry Return-on-Tangible-Equity Chart
PYIYF vs PLD, PSA, EXR: Return-on-Tangible-Equity Comparison
For the REIT - Industrial subindustry, Property For Industry'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.
Property For Industry Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Property For Industry'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.40% mean?
Property For Industry (PYIYF) has a Return-on-Tangible-Equity of 6.40% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Property For Industry and its competitors. This is 45% below median its historical median of 11.57. According to the industry distribution chart, Property For Industry ranks #307 out of 934 companies in the REITs industry, placing it in the top 32.9%.
Is Property For Industry's Return-on-Tangible-Equity too high?
Property For Industry's current Return-on-Tangible-Equity of 6.40% is 45% below median its 10-year median of 11.57. The REITs industry median Return-on-Tangible-Equity is 6.23. Property For Industry's value of 6.40% is 2.8% above this industry median. Based on the distribution chart, Property For Industry ranks #307 out of 934 companies in the REITs industry, which is above the industry midpoint. Overall, Property For Industry has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's Return-on-Tangible-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #307 out of 934 companies for Return-on-Tangible-Equity. This puts Property For Industry in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.23. Property For Industry's value of 6.40% is 2.8% above this benchmark. While the company's 10-year median is 11.57 vs. the industry median of 6.23, Property For Industry 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. Property For Industry's current Return-on-Tangible-Equity of 6.40% is 2.8% 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 Property For Industry 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. Property For Industry's current Return-on-Tangible-Equity is 6.40%, which is 45% below median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (PYIYF) has a current Return-on-Tangible-Equity of 6.40%. The stock's GF Value™ is $1.21, compared to a current price of $1.26 — trading 4.1% above its estimated fair value. The current Return-on-Tangible-Equity is 6.40%, which is 45% below median its 10-year median of 11.57 and 2.8% above the REITs industry median of 6.23. Property For Industry's overall GF Score™ is 79/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Property For Industry (PYIYF), the current Return-on-Tangible-Equity is 6.40% as of Dec. 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 Property For Industry (PYIYF) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be overvalued.
The current stock price of $1.26 is trading 4.1% above its estimated GF Value™ of $1.21.
Key valuation signals for PYIYF:
Return-on-Tangible-Equity: 6.40% (45% below median its 10-year median of 11.57)
GF Value™: $1.21 vs. price of $1.26 (4.1% above fair value)
Industry Position: 2.8% above the REITs median (#307 of 934)
No single metric tells the full story. See the PYIYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
79GF Score
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