Texton Property Fund (JSE:TEX) EBIT: R157.4 Mil (TTM As of Dec. 2025)


JSE:TEX Texton Property Fund Ltd JSE:TEX
53 GF Score
Price R3.00
GF Value R2.45
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Texton Property Fund EBIT?

Texton Property Fund JSE:TEX 53 EBIT is R157.4 Mil as of Dec. 2025. GuruFocus rates JSE:TEX with a GF Score™ of 53/100 and a GF Value™ of R2.45 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Texton Property Fund's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R56.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R157.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Texton Property Fund's annualized ROC % for the quarter that ended in Dec. 2025 was 4.48%. Texton Property Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 914.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Texton Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.55%.


Texton Property Fund  (JSE:TEX) EBIT Explanation

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

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

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=102.524 * ( 1 - 0.33% )/( (2394.994 + 2163.992)/ 2 )
=102.1856708/2279.493
=4.48 %

where

Invested Capital(Q: Jun. 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))
=2473.352 - 19.596 - ( 117.17 - max(0, 87.577 - 146.339+117.17))
=2394.994

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

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

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

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=112.966/( ( (12.706 + max(-6.81, 0)) + (11.998 + max(-14.889, 0)) )/ 2 )
=112.966/( ( 12.706 + 11.998 )/ 2 )
=112.966/12.352
=914.56 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.601 + 0 + 16.13) - (19.596 + 0 + 25.945)
=-6.81

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27.722 + 0 + 5.522) - (47.858 + 0 + 0.27500000000001)
=-14.889

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=157.386/1491.681
=10.55 %

* 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.


Texton Property Fund EBIT Related Terms


Texton Property Fund EBIT Historical Data

* Premium members only.

The historical data trend for Texton 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.

Texton Property Fund EBIT Chart

Texton Property Fund Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 275.80 124.64 52.43 90.26 173.94

Texton Property Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 34.78 55.48 73.03 100.90 56.48

JSE:TEX vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, Texton 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.


Texton Property Fund EV-to-EBIT vs REITs Industry

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

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


JSE:TEX
53GF Score
Texton Property Fund Ltd JSE:TEX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Texton 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R157.4 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 R157.4 Mil mean?
Texton Property Fund (JSE:TEX) has a EBIT of R157.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Texton Property Fund.
Is Texton Property Fund's EBIT too high?
Texton Property Fund's current EBIT is R157.4 Mil. Overall, Texton Property Fund has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texton Property Fund's EBIT compare to BXP and ARE?
Texton Property Fund's EBIT of R157.4 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 Texton Property Fund. Texton Property Fund's current EBIT is R157.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texton Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Texton Property Fund (JSE:TEX) is currently considered Modestly Overvalued. The stock's GF Value™ is R2.45, compared to a current price of R3.00 — trading 22.4% above its estimated fair value. The current EBIT is R157.4 Mil. Texton Property Fund's overall GF Score™ is 53/100 with 6 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 Texton Property Fund (JSE:TEX), the current EBIT is R157.4 Mil as of Dec. 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 Texton Property Fund (JSE:TEX) Overvalued in 2026?

Based on GuruFocus' analysis, Texton Property Fund stock appears to be overvalued. The current stock price of R3.00 is trading 22.4% above its estimated GF Value™ of R2.45. GuruFocus considers Texton Property Fund to be Modestly Overvalued.

Key valuation signals for JSE:TEX:

  • EBIT: R157.4 Mil
  • GF Value™: R2.45 vs. price of R3.00 (22.4% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


Texton Property Fund Business Description

Industry Real EstateREITs
Address 151 Katherine Street, Block D, Vunani Office Park, Sandton, Johannesburg, GT, ZAF, 2031
Texton Property Fund Ltd is a Real Estate Investment Trust that provides shareholders with access to a diversified portfolio of direct and indirect global real estate investments. The portfolio aims to deliver long-term income and capital growth. The core objective is to deliver sustainable, risk-adjusted returns to stakeholders through disciplined capital allocation, strategic asset management, and value-driven investments. The Group has three reportable segments: SA direct property, which derives maximum revenue; UK direct property; and international investments. Direct property investments are split into office, retail, and industrial.
53GF Score

Get the complete analysis for JSE:TEX

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

R3.00
Price
R2.45
GF Value