Balwin Properties (JSE:BWN) EBIT: R402 Mil (TTM As of Feb. 2026)


JSE:BWN Balwin Properties Ltd JSE:BWN
49 GF Score
Price R4.20
GF Value R2.32
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Balwin Properties EBIT?

Balwin Properties JSE:BWN 49 EBIT is R402 Mil as of Feb. 2026. GuruFocus rates JSE:BWN with a GF Score™ of 49/100 and a GF Value™ of R2.32 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Balwin Properties's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R237 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R402 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Balwin Properties's annualized ROC % for the quarter that ended in Feb. 2026 was 3.58%. Balwin Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 6.46%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Balwin Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 8.00%.

Balwin Properties  (JSE:BWN) EBIT Explanation

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

Balwin Properties'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 )
=387.392 * ( 1 - 27.1% )/( (7750.276 + 8020.171)/ 2 )
=282.408768/7885.2235
=3.58 %

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))
=8287.292 - 233.61 - ( 303.406 - max(0, 1955.292 - 7439.937+303.406))
=7750.276

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))
=8437.589 - 208.828 - ( 208.59 - max(0, 2437.255 - 7440.246+208.59))
=8020.171

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:

Balwin Properties'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 )
=473.366/( ( (443.013 + max(6868.2, 0)) + (452.035 + max(6889.88, 0)) )/ 2 )
=473.366/( ( 7311.213 + 7341.915 )/ 2 )
=473.366/7326.564
=6.46 %

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)
=(212.773 + 6909.034 + 1.0880000000006) - (233.61 + 0 + 21.085)
=6868.2

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(238.675 + 6866.971 + 53.526000000001) - (208.828 + 0 + 60.464)
=6889.88

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:

Balwin Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=402.478/5032.087
=8.00 %

* 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.

Balwin Properties EBIT Related Terms

Balwin Properties EBIT Historical Data

* Premium members only.

The historical data trend for Balwin Properties'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.

Balwin Properties EBIT Chart

Balwin Properties Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 549.72 629.58 360.58 364.31 402.48

Balwin Properties Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 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 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 97.76 127.85 236.46 165.80 236.68

Balwin Properties EBIT Competitor Comparison

For the Real Estate - Development subindustry, Balwin Properties'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.

Balwin Properties EV-to-EBIT vs Real Estate Industry

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

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


JSE:BWN
49GF Score
Balwin Properties Ltd JSE:BWN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Balwin Properties 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 R402 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 R402 Mil mean?
Balwin Properties (JSE:BWN) has a EBIT of R402 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Balwin Properties.
Is Balwin Properties' EBIT too high?
Balwin Properties' current EBIT is R402 Mil. Overall, Balwin Properties has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Balwin Properties' EBIT compare to competitors?
Balwin Properties' EBIT of R402 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Balwin Properties. Balwin Properties's current EBIT is R402 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balwin Properties stock overvalued right now?
Based on GuruFocus' analysis, Balwin Properties (JSE:BWN) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.32, compared to a current price of R4.20 — trading 81% above its estimated fair value. The current EBIT is R402 Mil. Balwin Properties' overall GF Score™ is 49/100 with 9 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 Balwin Properties (JSE:BWN), the current EBIT is R402 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 Balwin Properties (JSE:BWN) Overvalued in 2026?

Based on GuruFocus' analysis, Balwin Properties stock appears to be overvalued. The current stock price of R4.20 is trading 81% above its estimated GF Value™ of R2.32. GuruFocus considers Balwin Properties to be Significantly Overvalued.

Key valuation signals for JSE:BWN:

  • EBIT: R402 Mil
  • GF Value™: R2.32 vs. price of R4.20 (81% above fair value)
  • GF Score™: 49/100 with 9 warning signs

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

Balwin Properties Business Description

Address 105 Corlett Drive, Melrose, Johannesburg, GT, ZAF, 2196
Balwin Properties Ltd is engaged in residential property development and sale of sectional title estates, bond origination, information and communication technology services, rental of commercial property and other annuity based services provided to the residential developments. Its operating segments include Sale of apartments and land; Provision of services to residential estates; Bond commission; property rental; and Balwin Foundation. It derives majority of the revenue from Residential and commercial property rental segment.
49GF Score

Get the complete analysis for JSE:BWN

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

R4.20
Price
R2.32
GF Value