Dipula Properties (JSE:DIB) EBIT: R1,339 Mil (TTM As of Feb. 2026)


JSE:DIB Dipula Properties Ltd JSE:DIB
46 GF Score
Price R7.15
GF Value R3.33
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Dipula Properties EBIT?

Dipula Properties JSE:DIB 46 EBIT is R1,339 Mil as of Feb. 2026. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.33 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Dipula Properties's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was R457 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was R1,339 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dipula Properties's annualized ROC % for the quarter that ended in Feb. 2026 was 8.12%. Dipula Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 1,391.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dipula Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 11.54%.


Dipula Properties  (JSE:DIB) EBIT Explanation

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

Dipula 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 )
=923.202 * ( 1 - 0% )/( (11100.617 + 11650.848)/ 2 )
=923.202/11375.7325
=8.12 %

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))
=11219.616 - 22.533 - ( 96.466 - max(0, 200.337 - 389.207+96.466))
=11100.617

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))
=11944.678 - 186.273 - ( 107.557 - max(0, 195.518 - 425.97+107.557))
=11650.848

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:

Dipula 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 )
=914.618/( ( (2.053 + max(-14.223, 0)) + (1.609 + max(127.814, 0)) )/ 2 )
=914.618/( ( 2.053 + 129.423 )/ 2 )
=914.618/65.738
=1,391.31 %

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)
=(137.611 + 0 + 42.452) - (22.533 + 0 + 171.753)
=-14.223

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(317.639 + 0 + 0.32400000000001) - (186.273 + 0 + 3.876)
=127.814

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=1338.607/11595.626
=11.54 %

* 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.


Dipula Properties EBIT Related Terms


Dipula Properties EBIT Historical Data

* Premium members only.

The historical data trend for Dipula 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.

Dipula Properties EBIT Chart

Dipula Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 863.43 1,363.89 1,019.10 1,152.06 1,315.47

Dipula 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 392.77 759.29 434.17 881.30 457.31

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

For the REIT - Retail subindustry, Dipula 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.


Dipula Properties EV-to-EBIT vs REITs Industry

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

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


JSE:DIB
46GF Score
Dipula Properties Ltd JSE:DIB
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dipula 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 R1,339 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 R1,339 Mil mean?
Dipula Properties (JSE:DIB) has a EBIT of R1,339 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Dipula Properties.
Is Dipula Properties' EBIT too high?
Dipula Properties' current EBIT is R1,339 Mil. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' EBIT compare to SPG and O?
Dipula Properties' EBIT of R1,339 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 Dipula Properties. Dipula Properties's current EBIT is R1,339 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.33, compared to a current price of R7.15 — trading 114.7% above its estimated fair value. The current EBIT is R1,339 Mil. Dipula Properties' overall GF Score™ is 46/100 with 11 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 Dipula Properties (JSE:DIB), the current EBIT is R1,339 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 Dipula Properties (JSE:DIB) Overvalued in 2026?

Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued. The current stock price of R7.15 is trading 114.7% above its estimated GF Value™ of R3.33. GuruFocus considers Dipula Properties to be Significantly Overvalued.

Key valuation signals for JSE:DIB:

  • EBIT: R1,339 Mil
  • GF Value™: R3.33 vs. price of R7.15 (114.7% above fair value)
  • GF Score™: 46/100 with 11 warning signs

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


Dipula Properties Business Description

Industry Real EstateREITs
Address 16 Baker Street, 12th Floor, Firestation Rosebank, Rosebank, Johannesburg, GT, ZAF, 2196
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score

Get the complete analysis for JSE:DIB

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

R7.15
Price
R3.33
GF Value