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AfrimatJSE:AFT +3.41%71 Debt-to-EBITDA is 2.67 as of Feb. 2026, which is 242% above its 10-year median of 0.78. GuruFocus rates JSE:AFT with a GF Score™ of 71/100 and a GF Value™ of R98.87 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 331 Building Materials companies, Afrimat ranks better than 52.27% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Afrimat's Debt-to-EBITDA or its related term are showing as below:
JSE:AFT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.24 Med: 0.78 Max: 2.05
Current: 2.05
During the past 13 years, the highest Debt-to-EBITDA Ratio of Afrimat was 2.05. The lowest was 0.24. And the median was 0.78.
JSE:AFT's Debt-to-EBITDA is ranked better than 52.27% of 331
companies
in the Building Materials industry
Industry Median: 2.27
vs JSE:AFT: 2.05
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Afrimat Debt-to-EBITDA Related Terms
Afrimat Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Afrimat's Debt-to-EBITDA 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:AFT vs CRH, VMC, MLM: Debt-to-EBITDA Comparison
For the Building Materials subindustry, Afrimat's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Afrimat Debt-to-EBITDA vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Afrimat's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Afrimat's Debt-to-EBITDA 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 Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is two times the quarterly (Feb. 2026) EBITDA data.
Afrimat (JSE:AFT) has a Debt-to-EBITDA of 2.67 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Afrimat. This is 242% above median its historical median of 0.78. Over the past decade, Afrimat's Debt-to-EBITDA has ranged from 0.24 to 2.05. According to the industry distribution chart, Afrimat ranks #158 out of 331 companies in the Building Materials industry, placing it in the top 47.7%.
Is Afrimat's Debt-to-EBITDA too high?
Afrimat's current Debt-to-EBITDA of 2.67 is 242% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.05. The Building Materials industry median Debt-to-EBITDA is 2.27. Afrimat's value of 2.67 is 17.6% above this industry median. Based on the distribution chart, Afrimat ranks #158 out of 331 companies in the Building Materials industry, which is above the industry midpoint. Overall, Afrimat has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afrimat's Debt-to-EBITDA compare to CRH and VMC?
According to the Building Materials industry distribution chart, Afrimat ranks #158 out of 331 companies for Debt-to-EBITDA. This puts Afrimat in the upper half of its industry. The industry median Debt-to-EBITDA is 2.27. Afrimat's value of 2.67 is 17.6% above this benchmark. Historically, Afrimat's own Debt-to-EBITDA has ranged from 0.24 to 2.05 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 2.27, Afrimat 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 Debt-to-EBITDA for a Building Materials company?
The median Debt-to-EBITDA among Building Materials companies is 2.27, based on 331 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afrimat's current Debt-to-EBITDA of 2.67 is 17.6% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Afrimat. For the Building Materials industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrimat's current Debt-to-EBITDA is 2.67, which is 242% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afrimat stock overvalued right now?
Based on GuruFocus' analysis, Afrimat (JSE:AFT) is currently considered Significantly Undervalued. The stock's GF Value™ is R98.87, compared to a current price of R27.92 — trading 71.8% below its estimated fair value. The current Debt-to-EBITDA is 2.67, which is 242% above median its 10-year median of 0.78 and 17.6% above the Building Materials industry median of 2.27. Afrimat's overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Afrimat (JSE:AFT), the current Debt-to-EBITDA is 2.67 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 Afrimat (JSE:AFT) Overvalued in 2026?
Based on GuruFocus' analysis, Afrimat stock appears to be undervalued.
The current stock price of R27.92 is trading 71.8% below its estimated GF Value™ of R98.87.
GuruFocus considers Afrimat to be Significantly Undervalued.
Key valuation signals for JSE:AFT:
Debt-to-EBITDA: 2.67 (242% above median its 10-year median of 0.78)
GF Value™: R98.87 vs. price of R27.92 (71.8% below fair value)
Industry Position: 17.6% above the Building Materials median (#158 of 331)
No single metric tells the full story. See the JSE:AFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afrimat Ltd is a South Africa-based company. It has five segment Construction Materials, Industrial Minerals, Bulk Commodities, Future Materials and Metals, and Services. The company generates majority of revenue from Construction Materials comprises two distinct product segments: Aggregates and Cement. Aggregates include the sale of sand, gravel, crushed stone, and concrete-based products. Concrete-based products are produced using rock, sand, water, cement, and readymix concrete are typically used in various construction applications. The segment also includes the processing and sale of fly-ash, a by-product used to enhance concrete performance. Cement consists of the manufacturing and supply of cement. The Group views the entire southern African region as a single geographical area.
71GF Score
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