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Emira Property FundJSE:EMI +0.30%62 Debt-to-EBITDA is 6.22 as of Mar. 2026, which is 36% above its 10-year median of 4.56. GuruFocus rates JSE:EMI with a GF Score™ of 62/100 and a GF Value™ of R8.61 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 572 REITs companies, Emira Property Fund ranks better than 64.69% 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 Emira Property Fund's Debt-to-EBITDA or its related term are showing as below:
JSE:EMI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.65 Med: 4.56 Max: 6.12
Current: 5
During the past 13 years, the highest Debt-to-EBITDA Ratio of Emira Property Fund was 6.12. The lowest was -16.65. And the median was 4.56.
JSE:EMI's Debt-to-EBITDA is ranked better than 64.69% of 572
companies
in the REITs industry
Industry Median: 6.53
vs JSE:EMI: 5.00
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.
Emira Property Fund Debt-to-EBITDA Related Terms
Emira Property Fund Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Emira Property Fund'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.
For the REIT - Diversified subindustry, Emira Property Fund'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.
Emira Property Fund Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Emira Property Fund'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 (Mar. 2026) EBITDA data.
Emira Property Fund (JSE:EMI) has a Debt-to-EBITDA of 6.22 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Emira Property Fund. This is 36% above median its historical median of 4.56. According to the industry distribution chart, Emira Property Fund ranks #202 out of 572 companies in the REITs industry, placing it in the top 35.3%.
Is Emira Property Fund's Debt-to-EBITDA too high?
Emira Property Fund's current Debt-to-EBITDA of 6.22 is 36% above median its 10-year median of 4.56. The REITs industry median Debt-to-EBITDA is 6.53. Emira Property Fund's value of 6.22 is 4.7% below this industry median. Based on the distribution chart, Emira Property Fund ranks #202 out of 572 companies in the REITs industry, which is above the industry midpoint. Overall, Emira Property Fund has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #202 out of 572 companies for Debt-to-EBITDA. This puts Emira Property Fund in the upper half of its industry. The industry median Debt-to-EBITDA is 6.53. Emira Property Fund's value of 6.22 is 4.7% below this benchmark. While the company's 10-year median is 4.56 vs. the industry median of 6.53, Emira Property Fund 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 6.53, 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. Emira Property Fund's current Debt-to-EBITDA of 6.22 is 4.7% 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 Emira Property Fund. For the REITs industry, the median Debt-to-EBITDA is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current Debt-to-EBITDA is 6.22, which is 36% above median its own 10-year median of 4.56. 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 R8.61, compared to a current price of R13.29 — trading 54.4% above its estimated fair value. The current Debt-to-EBITDA is 6.22, which is 36% above median its 10-year median of 4.56 and 4.7% below the REITs industry median of 6.53. Emira Property Fund's overall GF Score™ is 62/100 with 8 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 Emira Property Fund (JSE:EMI), the current Debt-to-EBITDA is 6.22 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 R13.29 is trading 54.4% above its estimated GF Value™ of R8.61.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
Debt-to-EBITDA: 6.22 (36% above median its 10-year median of 4.56)
GF Value™: R8.61 vs. price of R13.29 (54.4% above fair value)
Industry Position: 4.7% below the REITs median (#202 of 572)
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.
62GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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