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Spar GroupJSE:SPP +3.27%53 Earnings Yield (Joel Greenblatt) % is 0.00% as of Mar. 2026. GuruFocus rates JSE:SPP with a GF Score™ of 53/100 and a GF Value™ of R108.04 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 315 Retail - Defensive companies, Spar Group ranks better than 63.17% on this metric.
Spar Group's Enterprise Value for the quarter that ended in Mar. 2026 was R27,318 Mil.
Spar Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R1,959 Mil. Spar Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Spar Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:SPP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.84 Med: 6.99 Max: 11.59
Current: 8.16
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Spar Group was 11.59%. The lowest was 4.84%. And the median was 6.99%.
JSE:SPP's Earnings Yield (Joel Greenblatt) % is ranked better than 63.17% of 315
companies
in the Retail - Defensive industry
Industry Median: 6.37
vs JSE:SPP: 8.16
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Spar Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Spar Group (JSE:SPP) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Spar Group Earnings Yield (Joel Greenblatt) % Related Terms
Spar Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Spar Group's Earnings Yield (Joel Greenblatt) % 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.
Spar Group Earnings Yield (Joel Greenblatt) % Chart
For the Food Distribution subindustry, Spar Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Spar Group Earnings Yield (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Spar Group's Earnings Yield (Joel Greenblatt) % falls into.
Spar Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Spar Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 0.00% mean?
Spar Group (JSE:SPP) has a Earnings Yield (Joel Greenblatt) % of 0.00% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Spar Group and its competitors. Over the past decade, Spar Group's Earnings Yield (Joel Greenblatt) % has ranged from 4.84 to 11.59. According to the industry distribution chart, Spar Group ranks #116 out of 315 companies in the Retail - Defensive industry, placing it in the top 36.8%.
Is Spar Group's Earnings Yield (Joel Greenblatt) % too high?
Spar Group's current Earnings Yield (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 4.84 to a high of 11.59. Based on the distribution chart, Spar Group ranks #116 out of 315 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Spar Group has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Earnings Yield (Joel Greenblatt) % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #116 out of 315 companies for Earnings Yield (Joel Greenblatt) %. This puts Spar Group in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.37. Historically, Spar Group's own Earnings Yield (Joel Greenblatt) % has ranged from 4.84 to 11.59 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Retail - Defensive company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Defensive companies is 6.37, based on 315 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median Earnings Yield (Joel Greenblatt) % is 6.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spar Group stock overvalued right now?
Based on GuruFocus' analysis, Spar Group (JSE:SPP) is currently considered Significantly Undervalued. The stock's GF Value™ is R108.04, compared to a current price of R45.44 — trading 57.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Spar Group's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Earnings Yield (Joel Greenblatt) % is 0.00% 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 Spar Group (JSE:SPP) Overvalued in 2026?
Based on GuruFocus' analysis, Spar Group stock appears to be undervalued.
The current stock price of R45.44 is trading 57.9% below its estimated GF Value™ of R108.04.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
Earnings Yield (Joel Greenblatt) %: 0.00%
GF Value™: R108.04 vs. price of R45.44 (57.9% below fair value)
No single metric tells the full story. See the JSE:SPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
53GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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