Spar Group (JSE:SPP) Book Value per Share: R28.05 (As of Mar. 2026)

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JSE:SPP Spar Group Ltd JSE:SPP
50 GF Score
Price R47.26
GF Value R108.00
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Spar Group Book Value per Share?

Spar Group JSE:SPP -1.36% 50 Book Value per Share is R28.05 as of Mar. 2026. GuruFocus rates JSE:SPP with a GF Score™ of 50/100 and a GF Value™ of R108.00 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Spar Group's book value per share for the quarter that ended in Mar. 2026 was R28.05.

During the past 12 months, Spar Group's average Book Value Per Share Growth Rate was -17.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -18.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -3.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Spar Group was 29.40% per year. The lowest was -18.40% per year. And the median was 11.40% per year.

Spar Group's current price is R47.26. Its book value per share for the quarter that ended in Mar. 2026 was R28.05. Hence, today's PB Ratio of Spar Group is 1.71.

During the past 13 years, the highest P/B Ratio of Spar Group was 11.08. The lowest was 1.63. And the median was 4.41.

Good Sign:

Spar Group Ltd stock PB Ratio (=1.69) is close to 10-year low of 1.63.


Spar Group  (JSE:SPP) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Spar Group Book Value per Share Related Terms


Spar Group Book Value per Share Historical Data

* Premium members only.

The historical data trend for Spar Group's Book Value per Share 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.

Spar Group Book Value per Share Chart

Spar Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.60 50.84 53.04 53.87 27.58

Spar Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.09 53.87 33.90 27.58 28.05

JSE:SPP vs SYY, USFD, PFGC: Book Value per Share Comparison

For the Food Distribution subindustry, Spar Group's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Spar Group PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Spar Group's PB Ratio falls into.


JSE:SPP
50GF Score
Spar Group Ltd JSE:SPP
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spar Group Book Value per Share Calculation

Spar Group's Book Value Per Share for the fiscal year that ended in Sep. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(5,312-0)/193
=27.58

Spar Group's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(5,401-0)/193
=28.05

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of R28.05 mean?
Spar Group (JSE:SPP) has a Book Value per Share of R28.05 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Spar Group and its competitors.
Is Spar Group's Book Value per Share too high?
Spar Group's current Book Value per Share is R28.05. Overall, Spar Group has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Book Value per Share compare to SYY and USFD?
Spar Group's Book Value per Share of R28.05 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Retail - Defensive company?
A good Book Value per Share depends on the Retail - Defensive industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Spar Group and its competitors. Spar Group's current Book Value per Share is R28.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spar Group stock overvalued right now?
Based on GuruFocus' analysis, Spar Group (JSE:SPP) is currently considered Significantly Undervalued. The stock's GF Value™ is R108.00, compared to a current price of R47.26 — trading 56.2% below its estimated fair value. The current Book Value per Share is R28.05. Spar Group's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Book Value per Share is R28.05 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 Spar Group (JSE:SPP) Overvalued in 2026?

Based on GuruFocus' analysis, Spar Group stock appears to be undervalued. The current stock price of R47.26 is trading 56.2% below its estimated GF Value™ of R108.00. GuruFocus considers Spar Group to be Significantly Undervalued.

Key valuation signals for JSE:SPP:

  • Book Value per Share: R28.05
  • GF Value™: R108.00 vs. price of R47.26 (56.2% below fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the JSE:SPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spar Group Business Description

Other Exchanges SGPPY:USA
Address 1 Ncondo Place, The Umhlanga Arch, Umhlanga Ridge, Durban, NL, ZAF, 4001
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
50GF Score

Get the complete analysis for JSE:SPP

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R47.26
Price
R108.00
GF Value