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Emira Property FundJSE:EMI -2.30%61 3-Year ROIIC % is 26.49 as of Mar. 2026, which is 1150% above its 10-year median of 2.12. GuruFocus rates JSE:EMI with a GF Score™ of 61/100 and a GF Value™ of R8.62 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 685 REITs companies, Emira Property Fund ranks better than 92.55% 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.
Emira Property Fund's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 26.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Emira Property Fund's 3-Year ROIIC % or its related term are showing as below:
JSE:EMI's 3-Year ROIIC % is ranked better than 92.55% of 685
companies
in the REITs industry
Industry Median: 3.65
vs JSE:EMI: 26.49
Emira Property Fund (JSE:EMI) 3-Year ROIIC % Explanation
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.
Emira Property Fund 3-Year ROIIC % Related Terms
Emira Property Fund 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Emira Property Fund'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.
For the REIT - Diversified subindustry, Emira Property Fund'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.
Emira Property Fund 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Emira Property Fund's 3-Year ROIIC % 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.
** 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.
Emira Property Fund (JSE:EMI) has a 3-Year ROIIC % of 26.49 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Emira Property Fund and its competitors. This is 1150% above median its historical median of 2.12. According to the industry distribution chart, Emira Property Fund ranks #51 out of 685 companies in the REITs industry, placing it in the top 7.4%.
Is Emira Property Fund's 3-Year ROIIC % too high?
Emira Property Fund's current 3-Year ROIIC % of 26.49 is 1150% above median its 10-year median of 2.12. The REITs industry median 3-Year ROIIC % is 3.65. Emira Property Fund's value of 26.49 is 625.8% above this industry median. Based on the distribution chart, Emira Property Fund ranks #51 out of 685 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Emira Property Fund has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's 3-Year ROIIC % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #51 out of 685 companies for 3-Year ROIIC %. This places Emira Property Fund in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.65. Emira Property Fund's value of 26.49 is 625.8% above this benchmark. While the company's 10-year median is 2.12 vs. the industry median of 3.65, Emira Property Fund 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 3.65, based on 685 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. Emira Property Fund's current 3-Year ROIIC % of 26.49 is 625.8% 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 Emira Property Fund and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current 3-Year ROIIC % is 26.49, which is 1150% above median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.62, compared to a current price of R13.17 — trading 52.8% above its estimated fair value. The current 3-Year ROIIC % is 26.49, which is 1150% above median its 10-year median of 2.12 and 625.8% above the REITs industry median of 3.65. Emira Property Fund's overall GF Score™ is 61/100 with 6 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 Emira Property Fund (JSE:EMI), the current 3-Year ROIIC % is 26.49 as of Mar. 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.17 is trading 52.8% above its estimated GF Value™ of R8.62.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
3-Year ROIIC %: 26.49 (1150% above median its 10-year median of 2.12)
GF Value™: R8.62 vs. price of R13.17 (52.8% above fair value)
Industry Position: 625.8% above the REITs median (#51 of 685)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
61GF Score
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