Putprop (JSE:PPR) Debt-to-EBITDA : 7.47 (As of Dec. 2025) — 67% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:PPR Putprop Ltd JSE:PPR
62 GF Score
Price R6.98
GF Value R3.58
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Putprop Debt-to-EBITDA?

Putprop JSE:PPR 62 Debt-to-EBITDA is 7.47 as of Dec. 2025, which is 67% above its 10-year median of 4.47. GuruFocus rates JSE:PPR with a GF Score™ of 62/100 and a GF Value™ of R3.58 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,271 Real Estate companies, Putprop ranks better than 63.1% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Putprop's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was R44.5 Mil. Putprop's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was R360.6 Mil. Putprop's annualized EBITDA for the quarter that ended in Dec. 2025 was R54.2 Mil. Putprop's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 7.47.

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 Putprop's Debt-to-EBITDA or its related term are showing as below:

JSE:PPR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.88   Med: 4.47   Max: 14.72
Current: 3.55

During the past 13 years, the highest Debt-to-EBITDA Ratio of Putprop was 14.72. The lowest was 1.88. And the median was 4.47.

JSE:PPR's Debt-to-EBITDA is ranked better than
63.1% of 1271 companies
in the Real Estate industry
Industry Median: 5.61 vs JSE:PPR: 3.55

Putprop  (JSE:PPR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Putprop Debt-to-EBITDA Related Terms


Putprop Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Putprop'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.

Putprop Debt-to-EBITDA Chart

Putprop Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.72 5.10 10.66 4.13 3.53

Putprop Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA 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 5.97 3.27 7.69 2.36 7.47

JSE:PPR vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Putprop'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.


Putprop Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Putprop's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Putprop's Debt-to-EBITDA falls into.


JSE:PPR
62GF Score
Putprop Ltd JSE:PPR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Putprop Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Putprop's Debt-to-EBITDA for the fiscal year that ended in Jun. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(44.621 + 366.76) / 116.55
=3.53

Putprop's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(44.529 + 360.554) / 54.212
=7.47

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 7.47 mean?
Putprop (JSE:PPR) has a Debt-to-EBITDA of 7.47 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Putprop. This is 67% above median its historical median of 4.47. Over the past decade, Putprop's Debt-to-EBITDA has ranged from 1.88 to 14.72. According to the industry distribution chart, Putprop ranks #469 out of 1271 companies in the Real Estate industry, placing it in the top 36.9%.
Is Putprop's Debt-to-EBITDA too high?
Putprop's current Debt-to-EBITDA of 7.47 is 67% above median its 10-year median of 4.47. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 14.72. The Real Estate industry median Debt-to-EBITDA is 5.61. Putprop's value of 7.47 is 33.2% above this industry median. Based on the distribution chart, Putprop ranks #469 out of 1271 companies in the Real Estate industry, which is above the industry midpoint. Overall, Putprop has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Putprop's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Putprop ranks #469 out of 1271 companies for Debt-to-EBITDA. This puts Putprop in the upper half of its industry. The industry median Debt-to-EBITDA is 5.61. Putprop's value of 7.47 is 33.2% above this benchmark. Historically, Putprop's own Debt-to-EBITDA has ranged from 1.88 to 14.72 over the past decade. While the company's 10-year median is 4.47 vs. the industry median of 5.61, Putprop 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.61, based on 1,271 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. Putprop's current Debt-to-EBITDA of 7.47 is 33.2% 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 Putprop. For the Real Estate industry, the median Debt-to-EBITDA is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Putprop's current Debt-to-EBITDA is 7.47, which is 67% above median its own 10-year median of 4.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Putprop stock overvalued right now?
Based on GuruFocus' analysis, Putprop (JSE:PPR) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.58, compared to a current price of R6.98 — trading 95% above its estimated fair value. The current Debt-to-EBITDA is 7.47, which is 67% above median its 10-year median of 4.47 and 33.2% above the Real Estate industry median of 5.61. Putprop's overall GF Score™ is 62/100 with 12 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 Putprop (JSE:PPR), the current Debt-to-EBITDA is 7.47 as of Dec. 2025. 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 Putprop (JSE:PPR) Overvalued in 2026?

Based on GuruFocus' analysis, Putprop stock appears to be overvalued. The current stock price of R6.98 is trading 95% above its estimated GF Value™ of R3.58. GuruFocus considers Putprop to be Significantly Overvalued.

Key valuation signals for JSE:PPR:

  • Debt-to-EBITDA: 7.47 (67% above median its 10-year median of 4.47)
  • GF Value™: R3.58 vs. price of R6.98 (95% above fair value)
  • GF Score™: 62/100 with 12 warning signs
  • Industry Position: 33.2% above the Real Estate median (#469 of 1271)

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


Putprop Business Description

Address 22 Impala Road, Chislehurston, Sandton, Johannesburg, GT, ZAF, 2196
Putprop Ltd operates as a property investment company in South Africa. The core business of the group is property rental. It owns, manages, and invests in a portfolio of office, retail, and industrial properties. The group comprises the following main business segments - Industrial, Retail, Commercial, and Residential.
62GF Score

Get the complete analysis for JSE:PPR

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R6.98
Price
R3.58
GF Value