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Afine InvestmentsJSE:ANI 66 Debt-to-EBITDA is 2.11 as of Feb. 2026, which is 53% above its 10-year median of 1.38. GuruFocus rates JSE:ANI with a GF Score™ of 66/100 and a GF Value™ of R4.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 572 REITs companies, Afine Investments ranks better than 89.86% 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 Afine Investments's Debt-to-EBITDA or its related term are showing as below:
JSE:ANI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.37 Med: 1.38 Max: 3.11
Current: 2.14
During the past 6 years, the highest Debt-to-EBITDA Ratio of Afine Investments was 3.11. The lowest was 0.37. And the median was 1.38.
JSE:ANI's Debt-to-EBITDA is ranked better than 89.86% of 572
companies
in the REITs industry
Industry Median: 6.55
vs JSE:ANI: 2.14
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.
Afine Investments Debt-to-EBITDA Related Terms
Afine Investments Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Afine Investments'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:ANI vs EQIX, AMT, DLR: Debt-to-EBITDA Comparison
For the REIT - Specialty subindustry, Afine Investments'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.
Afine Investments Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Afine Investments'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.
Afine Investments (JSE:ANI) has a Debt-to-EBITDA of 2.11 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 Afine Investments. This is 53% above median its historical median of 1.38. Over the past decade, Afine Investments' Debt-to-EBITDA has ranged from 0.37 to 3.11. According to the industry distribution chart, Afine Investments ranks #58 out of 572 companies in the REITs industry, placing it in the top 10.1%.
Is Afine Investments' Debt-to-EBITDA too high?
Afine Investments' current Debt-to-EBITDA of 2.11 is 53% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 3.11. The REITs industry median Debt-to-EBITDA is 6.55. Afine Investments' value of 2.11 is 67.8% below this industry median. Based on the distribution chart, Afine Investments ranks #58 out of 572 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 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' Debt-to-EBITDA compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #58 out of 572 companies for Debt-to-EBITDA. This places Afine Investments in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.55. Afine Investments' value of 2.11 is 67.8% below this benchmark. Historically, Afine Investments' own Debt-to-EBITDA has ranged from 0.37 to 3.11 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 6.55, Afine Investments has consistently been below 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 572 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. Afine Investments's current Debt-to-EBITDA of 2.11 is 67.8% below 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 Afine Investments. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current Debt-to-EBITDA is 2.11, which is 53% above median its own 10-year median of 1.38. 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 R4.97, compared to a current price of R5.00 — trading 0.6% above its estimated fair value. The current Debt-to-EBITDA is 2.11, which is 53% above median its 10-year median of 1.38 and 67.8% below the REITs industry median of 6.55. Afine Investments' overall GF Score™ is 66/100 with 3 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 Afine Investments (JSE:ANI), the current Debt-to-EBITDA is 2.11 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 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 0.6% above its estimated GF Value™ of R4.97.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
Debt-to-EBITDA: 2.11 (53% above median its 10-year median of 1.38)
GF Value™: R4.97 vs. price of R5.00 (0.6% above fair value)
Industry Position: 67.8% below the REITs median (#58 of 572)
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.
66GF Score
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