Accelerate Property Fund (JSE:APF) EBIT: R-518.8 Mil (TTM As of Sep. 2025)


JSE:APF Accelerate Property Fund Ltd JSE:APF
30 GF Score
Price R0.53
GF Value R0.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Accelerate Property Fund EBIT?

Accelerate Property Fund JSE:APF 30 EBIT is R-518.8 Mil as of Sep. 2025. GuruFocus rates JSE:APF with a GF Score™ of 30/100 and a GF Value™ of R0.37 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Accelerate Property Fund's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was R259.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was R-518.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Accelerate Property Fund's annualized ROC % for the quarter that ended in Sep. 2025 was 7.97%. Accelerate Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 90,373.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -11.07%.


Accelerate Property Fund  (JSE:APF) EBIT Explanation

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

Accelerate Property Fund's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=650.508 * ( 1 - 0% )/( (8640.719 + 7688.109)/ 2 )
=650.508/8164.414
=7.97 %

where

Invested Capital(Q: Mar. 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))
=7865.786 - 403.825 - ( 7.912 - max(0, 1294.156 - 115.398+7.912))
=8640.719

Invested Capital(Q: Sep. 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))
=7926.23 - 412.266 - ( 93.401 - max(0, 412.266 - 238.121+93.401))
=7688.109

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Accelerate Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=519.646/( ( (0.496 + max(-371.87, 0)) + (0.654 + max(-267.546, 0)) )/ 2 )
=519.646/( ( 0.496 + 0.654 )/ 2 )
=519.646/0.575
=90,373.22 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(70.978 + 0 + 22.208) - (403.825 + 0 + 61.231)
=-371.87

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(144.72 + 0 + 2.8421709430404E-14) - (412.266 + 0 + 0)
=-267.546

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Accelerate Property Fund's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=-518.783/4687.373
=-11.07 %

* 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.


Accelerate Property Fund EBIT Related Terms


Accelerate Property Fund EBIT Historical Data

* Premium members only.

The historical data trend for Accelerate Property Fund'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.

Accelerate Property Fund EBIT Chart

Accelerate Property Fund Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -379.52 333.82 -205.63 -2.87 -835.21

Accelerate Property Fund Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
EBIT 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 148.10 -150.97 -56.60 -778.61 259.82

JSE:APF vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Accelerate Property Fund'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.


Accelerate Property Fund EV-to-EBIT vs REITs Industry

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

* The bar in red indicates where Accelerate Property Fund's EV-to-EBIT falls into.


JSE:APF
30GF Score
Accelerate Property Fund Ltd JSE:APF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Accelerate Property Fund 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-518.8 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 R-518.8 Mil mean?
Accelerate Property Fund (JSE:APF) has a EBIT of R-518.8 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Accelerate Property Fund.
Is Accelerate Property Fund's EBIT too high?
Accelerate Property Fund's current EBIT is R-518.8 Mil. Overall, Accelerate Property Fund has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accelerate Property Fund's EBIT compare to SPG and O?
Accelerate Property Fund's EBIT of R-518.8 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 Accelerate Property Fund. Accelerate Property Fund's current EBIT is R-518.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accelerate Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Accelerate Property Fund (JSE:APF) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.37, compared to a current price of R0.53 — trading 43.2% above its estimated fair value. The current EBIT is R-518.8 Mil. Accelerate Property Fund's overall GF Score™ is 30/100 with 5 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 Accelerate Property Fund (JSE:APF), the current EBIT is R-518.8 Mil as of Sep. 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 Accelerate Property Fund (JSE:APF) Overvalued in 2026?

Based on GuruFocus' analysis, Accelerate Property Fund stock appears to be overvalued. The current stock price of R0.53 is trading 43.2% above its estimated GF Value™ of R0.37. GuruFocus considers Accelerate Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:APF:

  • EBIT: R-518.8 Mil
  • GF Value™: R0.37 vs. price of R0.53 (43.2% above fair value)
  • GF Score™: 30/100 with 5 warning signs

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


Accelerate Property Fund Business Description

Industry Real EstateREITs
Address 1st Floor, Corner Willow Avenue and Cedar Road, Cedar Square Shopping Centre, Management Office, Fourways, Johannesburg, GT, ZAF, 2055
Accelerate Property Fund Ltd is a retail-focused property fund. It functions through three operating segments. The industrial segment acquires, develops, and leases warehouses and factories. The retail segment acquires, develops, and leases shopping malls, community centers as well as retail centers. Commercial segment acquires develops and leases offices. Out of which Retail segment is a key revenue driver. Geographically, it has a presence in South Africa, Austria, and Slovakia, out of which the majority of its revenue is generated from South Africa.
30GF Score

Get the complete analysis for JSE:APF

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

R0.53
Price
R0.37
GF Value