Exemplar REITailJSE:EXP 73 3-Year ROIIC % is 8.11 as of Feb. 2026, which is 8% above its 10-year median of 7.50. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 695 REITs companies, Exemplar REITail ranks better than 73.67% 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.
Exemplar REITail's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 8.11%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Exemplar REITail's 3-Year ROIIC % or its related term are showing as below:
JSE:EXP's 3-Year ROIIC % is ranked better than 73.67% of 695
companies
in the REITs industry
Industry Median: 3.49
vs JSE:EXP: 8.11
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.
Exemplar REITail 3-Year ROIIC % Related Terms
Exemplar REITail 3-Year ROIIC % Historical Data
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The historical data trend for Exemplar REITail'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 - Retail subindustry, Exemplar REITail'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.
Exemplar REITail 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a 3-Year ROIIC % of 8.11 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 Exemplar REITail and its competitors. This is near median its historical median of 7.50. Over the past decade, Exemplar REITail's 3-Year ROIIC % has ranged from 6.38 to 13.14. According to the industry distribution chart, Exemplar REITail ranks #183 out of 695 companies in the REITs industry, placing it in the top 26.3%.
Is Exemplar REITail's 3-Year ROIIC % too high?
Exemplar REITail's current 3-Year ROIIC % of 8.11 is near median its 10-year median of 7.50. Over the past 10 years, this metric has ranged from a low of 6.38 to a high of 13.14. The REITs industry median 3-Year ROIIC % is 3.49. Exemplar REITail's value of 8.11 is 132.4% above this industry median. Based on the distribution chart, Exemplar REITail ranks #183 out of 695 companies in the REITs industry, which is above the industry midpoint. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #183 out of 695 companies for 3-Year ROIIC %. This puts Exemplar REITail in the upper half of its industry. The industry median 3-Year ROIIC % is 3.49. Exemplar REITail's value of 8.11 is 132.4% above this benchmark. Historically, Exemplar REITail's own 3-Year ROIIC % has ranged from 6.38 to 13.14 over the past decade. While the company's 10-year median is 7.50 vs. the industry median of 3.49, Exemplar REITail 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 3.49, based on 695 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. Exemplar REITail's current 3-Year ROIIC % of 8.11 is 132.4% 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 Exemplar REITail and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current 3-Year ROIIC % is 8.11, which is near median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.71, compared to a current price of R18.00 — trading 14.6% above its estimated fair value. The current 3-Year ROIIC % is 8.11, which is near median its 10-year median of 7.50 and 132.4% above the REITs industry median of 3.49. Exemplar REITail's overall GF Score™ is 73/100 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 Exemplar REITail (JSE:EXP), the current 3-Year ROIIC % is 8.11 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued.
The current stock price of R18.00 is trading 14.6% above its estimated GF Value™ of R15.71.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
3-Year ROIIC %: 8.11 (near median its 10-year median of 7.50)
GF Value™: R15.71 vs. price of R18.00 (14.6% above fair value)
Industry Position: 132.4% above the REITs median (#183 of 695)
No single metric tells the full story. See the JSE:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
73GF Score
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