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Exemplar REITailJSE:EXP 73 Debt-to-EBITDA is 1.77 as of Feb. 2026, which is 33% below its 10-year median of 2.65. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.78 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 578 REITs companies, Exemplar REITail ranks better than 87.72% 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 Exemplar REITail's Debt-to-EBITDA or its related term are showing as below:
JSE:EXP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.65 Med: 2.65 Max: 6.38
Current: 2.33
During the past 11 years, the highest Debt-to-EBITDA Ratio of Exemplar REITail was 6.38. The lowest was 1.65. And the median was 2.65.
JSE:EXP's Debt-to-EBITDA is ranked better than 87.72% of 578
companies
in the REITs industry
Industry Median: 6.51
vs JSE:EXP: 2.33
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.
Exemplar REITail Debt-to-EBITDA Related Terms
Exemplar REITail Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Exemplar REITail'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 - Retail subindustry, Exemplar REITail'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.
Exemplar REITail Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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.
Exemplar REITail (JSE:EXP) has a Debt-to-EBITDA of 1.77 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 Exemplar REITail. This is 33% below median its historical median of 2.65. Over the past decade, Exemplar REITail's Debt-to-EBITDA has ranged from 1.65 to 6.38. According to the industry distribution chart, Exemplar REITail ranks #71 out of 578 companies in the REITs industry, placing it in the top 12.3%.
Is Exemplar REITail's Debt-to-EBITDA too high?
Exemplar REITail's current Debt-to-EBITDA of 1.77 is 33% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 6.38. The REITs industry median Debt-to-EBITDA is 6.51. Exemplar REITail's value of 1.77 is 72.8% below this industry median. Based on the distribution chart, Exemplar REITail ranks #71 out of 578 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Debt-to-EBITDA compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #71 out of 578 companies for Debt-to-EBITDA. This places Exemplar REITail in the top 12% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 6.51. Exemplar REITail's value of 1.77 is 72.8% below this benchmark. Historically, Exemplar REITail's own Debt-to-EBITDA has ranged from 1.65 to 6.38 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 6.51, Exemplar REITail 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 6.51, based on 578 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. Exemplar REITail's current Debt-to-EBITDA of 1.77 is 72.8% 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 Exemplar REITail. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current Debt-to-EBITDA is 1.77, which is 33% below median its own 10-year median of 2.65. 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 R15.78, compared to a current price of R18.00 — trading 14.1% above its estimated fair value. The current Debt-to-EBITDA is 1.77, which is 33% below median its 10-year median of 2.65 and 72.8% below the REITs industry median of 6.51. 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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Exemplar REITail (JSE:EXP), the current Debt-to-EBITDA is 1.77 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 14.1% above its estimated GF Value™ of R15.78.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
Debt-to-EBITDA: 1.77 (33% below median its 10-year median of 2.65)
GF Value™: R15.78 vs. price of R18.00 (14.1% above fair value)
Industry Position: 72.8% below the REITs median (#71 of 578)
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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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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