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Property For Industry (NZSE:PFI) 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 (Jun. 2026) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.
* 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 - Industrial subindustry, Property For Industry'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.
Property For Industry ROE % vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's ROE % distribution charts can be found below:
* The bar in red indicates where Property For Industry'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 (Jun. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Property For Industry (NZSE:PFI) has a ROE % of 4.24% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Property For Industry and its competitors. This is 53% below median its historical median of 8.99. According to the industry distribution chart, Property For Industry ranks #503 out of 912 companies in the REITs industry, placing it in the top 55.2%.
Is Property For Industry's ROE % too high?
Property For Industry's current ROE % of 4.24% is 53% below median its 10-year median of 8.99. The REITs industry median ROE % is 6.11. Property For Industry's value of 4.24% is 30.5% below this industry median. Based on the distribution chart, Property For Industry ranks #503 out of 912 companies in the REITs industry, which is below the industry midpoint. Overall, Property For Industry has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's ROE % compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #503 out of 912 companies for ROE %. This places Property For Industry in the lower half of its industry. The industry median ROE % is 6.11. Property For Industry's value of 4.24% is 30.5% below this benchmark. While the company's 10-year median is 8.99 vs. the industry median of 6.11, Property For Industry has consistently been below 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 6.11, based on 912 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. Property For Industry's current ROE % of 4.24% is 30.5% below 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 Property For Industry and its competitors. For the REITs industry, the median ROE % is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property For Industry's current ROE % is 4.24%, which is 53% below median its own 10-year median of 8.99. 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?
Based on GuruFocus' analysis, Property For Industry (NZSE:PFI) is currently considered Fairly Valued. The stock's GF Value™ is NZ$2.51, compared to a current price of NZ$2.29 — trading 8.8% below its estimated fair value. The current ROE % is 4.24%, which is 53% below median its 10-year median of 8.99 and 30.5% below the REITs industry median of 6.11. Property For Industry's overall GF Score™ is 87/100 with 7 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 Property For Industry (NZSE:PFI), the current ROE % is 4.24% as of Jun. 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 Property For Industry (NZSE:PFI) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be undervalued.
The current stock price of NZ$2.29 is trading 8.8% below its estimated GF Value™ of NZ$2.51.
GuruFocus considers Property For Industry to be Fairly Valued.
Key valuation signals for NZSE:PFI:
ROE %: 4.24% (53% below median its 10-year median of 8.99)
GF Value™: NZ$2.51 vs. price of NZ$2.29 (8.8% below fair value)
Industry Position: 30.5% below the REITs median (#503 of 912)
No single metric tells the full story. See the NZSE:PFI 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.
87GF Score
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