Afine InvestmentsJSE:ANI 62 ROE % 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 62/100 and a GF Value™ of R4.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 933 REITs companies, Afine Investments ranks better than 78.35% on this metric.
The historical rank and industry rank for Afine Investments's ROE % or its related term are showing as below:
JSE:ANI'
s ROE % 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 ROE % was 206.19%. The lowest was 10.29%. And the median was 22.20%.
JSE:ANI's ROE % is ranked better than 78.35% of 933
companies
in the REITs industry
Industry Median: 6.15
vs JSE:ANI: 11.54
Afine Investments (JSE:ANI) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Afine Investments ROE % Related Terms
Afine Investments ROE % Historical Data
* Premium members only.
The historical data trend for Afine Investments's ROE % 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.
For the REIT - Specialty subindustry, Afine Investments's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's ROE % distribution charts can be found below:
* The bar in red indicates where Afine Investments's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Afine Investments (JSE:ANI) has a ROE % of 11.79% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total 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' ROE % has ranged from 10.29 to 206.19. According to the industry distribution chart, Afine Investments ranks #202 out of 933 companies in the REITs industry, placing it in the top 21.7%.
Is Afine Investments' ROE % too high?
Afine Investments' current ROE % 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 ROE % is 6.15. Afine Investments' value of 11.79% is 91.7% above this industry median. Based on the distribution chart, Afine Investments ranks #202 out of 933 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 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' ROE % compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #202 out of 933 companies for ROE %. This places Afine Investments in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 6.15. Afine Investments' value of 11.79% is 91.7% above this benchmark. Historically, Afine Investments' own ROE % 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 6.15, 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current ROE % of 11.79% is 91.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afine Investments and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current ROE % 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 R4.94, compared to a current price of R5.00 — trading 1.2% above its estimated fair value. The current ROE % is 11.79%, which is 47% below median its 10-year median of 22.20 and 91.7% above the REITs industry median of 6.15. Afine Investments' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current ROE % 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 1.2% above its estimated GF Value™ of R4.94.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
ROE %: 11.79% (47% below median its 10-year median of 22.20)
GF Value™: R4.94 vs. price of R5.00 (1.2% above fair value)
Industry Position: 91.7% above the REITs median (#202 of 933)
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.
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