Afine Investments (JSE:ANI) EBIT: R49.46 Mil (TTM As of Feb. 2026)


JSE:ANI Afine Investments Ltd JSE:ANI
62 GF Score
Price R5.00
GF Value R4.94
Valuation Fairly Valued
! 4 Warning Signs
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What is Afine Investments EBIT?

Afine Investments JSE:ANI 62 EBIT is R49.46 Mil as of Feb. 2026. GuruFocus rates JSE:ANI with a GF Score™ of 62/100 and a GF Value™ of R4.94 (Fairly Valued). The stock has 4 warning signs investors should review.

Afine Investments's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R25.08 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R49.46 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Afine Investments's annualized ROC % for the quarter that ended in Feb. 2026 was 9.44%. Afine Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Afine Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 10.86%.

Afine Investments  (JSE:ANI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Afine Investments's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=41.542 * ( 1 - 0% )/( (437.5 + 442.438)/ 2 )
=41.542/439.969
=9.44 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=447.768 - 3.427 - ( 10.65 - max(0, 4.827 - 11.668+10.65))
=437.5

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=449.837 - 1.248 - ( 12.722 - max(0, 6.586 - 12.737+12.722))
=442.438

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Afine Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=50.156/( ( (0 + max(-2.409, 0)) + (0 + max(-3.394, 0)) )/ 2 )
=50.156/( ( 0 + 0 )/ 2 )
=50.156/0
= %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.018 + 0 + -1.7763568394003E-15) - (3.427 + 0 + 0)
=-2.409

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.015 + 0 + 0) - (1.248 + 0 + 2.161)
=-3.394

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Afine Investments's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=49.455/455.585
=10.86 %

* 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.

Afine Investments EBIT Related Terms

Afine Investments EBIT Historical Data

* Premium members only.

The historical data trend for Afine Investments's EBIT 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.

Afine Investments EBIT Chart

Afine Investments Annual Data
Trend Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial 214.69 34.90 80.80 81.56 49.46

Afine Investments Semi-Annual Data
Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 60.50 21.93 59.62 24.38 25.08

JSE:ANI vs EQIX, AMT, DLR: EBIT Comparison

For the REIT - Specialty subindustry, Afine Investments's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Afine Investments's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Afine Investments's EV-to-EBIT falls into.


JSE:ANI
62GF Score
Afine Investments Ltd JSE:ANI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Afine Investments EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R49.46 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R49.46 Mil mean?
Afine Investments (JSE:ANI) has a EBIT of R49.46 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Afine Investments.
Is Afine Investments' EBIT too high?
Afine Investments' current EBIT is R49.46 Mil. Overall, Afine Investments has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' EBIT compare to EQIX and AMT?
Afine Investments' EBIT of R49.46 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Afine Investments. Afine Investments's current EBIT is R49.46 Mil. 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 R4.94, compared to a current price of R5.00 — trading 1.2% above its estimated fair value. The current EBIT is R49.46 Mil. Afine Investments' overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current EBIT is R49.46 Mil 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 1.2% above its estimated GF Value™ of R4.94. GuruFocus considers Afine Investments to be Fairly Valued.

Key valuation signals for JSE:ANI:

  • EBIT: R49.46 Mil
  • GF Value™: R4.94 vs. price of R5.00 (1.2% above fair value)
  • GF Score™: 62/100 with 4 warning signs

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 Business Description

Industry Real EstateREITs
Address Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140
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.
62GF Score

Get the complete analysis for JSE:ANI

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

R5.00
Price
R4.94
GF Value