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Afine InvestmentsJSE:ANI 64 3-Year ROIIC % is 10.34 as of Feb. 2026, which is 3% below its 10-year median of 10.69. 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 693 REITs companies, Afine Investments ranks better than 79.51% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Afine Investments's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 10.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Afine Investments's 3-Year ROIIC % or its related term are showing as below:
JSE:ANI's 3-Year ROIIC % is ranked better than 79.51% of 693
companies
in the REITs industry
Industry Median: 3.52
vs JSE:ANI: 10.34
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Afine Investments 3-Year ROIIC % Related Terms
Afine Investments 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Afine Investments's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the REIT - Specialty subindustry, Afine Investments's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Afine Investments's 3-Year ROIIC % falls into.
Afine Investments's 3-Year ROIIC % for the quarter that ended in Feb. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 45.144 (Feb. 2026) - 37.935976 (Feb. 2023) )
/
( 442.438 (Feb. 2026) - 372.761 (Feb. 2023) )
=
7.208024
/
69.677
=
10.34%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Afine Investments (JSE:ANI) has a 3-Year ROIIC % of 10.34 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Afine Investments and its competitors. This is near median its historical median of 10.69. Over the past decade, Afine Investments' 3-Year ROIIC % has ranged from 10.34 to 11.03. According to the industry distribution chart, Afine Investments ranks #142 out of 693 companies in the REITs industry, placing it in the top 20.5%.
Is Afine Investments' 3-Year ROIIC % too high?
Afine Investments' current 3-Year ROIIC % of 10.34 is near median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 10.34 to a high of 11.03. The REITs industry median 3-Year ROIIC % is 3.52. Afine Investments' value of 10.34 is 193.8% above this industry median. Based on the distribution chart, Afine Investments ranks #142 out of 693 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' 3-Year ROIIC % compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #142 out of 693 companies for 3-Year ROIIC %. This places Afine Investments in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.52. Afine Investments' value of 10.34 is 193.8% above this benchmark. Historically, Afine Investments' own 3-Year ROIIC % has ranged from 10.34 to 11.03 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 3.52, 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.52, based on 693 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current 3-Year ROIIC % of 10.34 is 193.8% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Afine Investments and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current 3-Year ROIIC % is 10.34, which is near median its own 10-year median of 10.69. 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 3-Year ROIIC % is 10.34, which is near median its 10-year median of 10.69 and 193.8% above the REITs industry median of 3.52. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current 3-Year ROIIC % is 10.34 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:
3-Year ROIIC %: 10.34 (near median its 10-year median of 10.69)
GF Value™: R4.96 vs. price of R5.00 (0.8% above fair value)
Industry Position: 193.8% above the REITs median (#142 of 693)
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
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