Spear REITJSE:SEA +1.52%65 EBITDA Margin % is 138.04% as of Feb. 2026, which is 54% above its 10-year median of 89.36. GuruFocus rates JSE:SEA with a GF Score™ of 65/100 and a GF Value™ of R7.03 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 749 REITs companies, Spear REIT ranks better than 86.25% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Spear REIT's EBITDA for the
six
months ended in Feb. 2026 was R630.9 Mil. Spear REIT's Revenue for the
six
months ended in Feb. 2026 was R457.0 Mil. Therefore, Spear REIT's EBITDA margin for the quarter that ended in Feb. 2026 was 138.04%.
Spear REIT (JSE:SEA) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Spear REIT EBITDA Margin % Related Terms
Spear REIT EBITDA Margin % Historical Data
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The historical data trend for Spear REIT's EBITDA Margin % 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.
For the REIT - Diversified subindustry, Spear REIT's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.
Spear REIT EBITDA Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Spear REIT's EBITDA Margin % falls into.
* 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.
Spear REIT (JSE:SEA) has a EBITDA Margin % of 138.04% as of Feb. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Spear REIT and its competitors. This is 54% above median its historical median of 89.36. Over the past decade, Spear REIT's EBITDA Margin % has ranged from 43.53 to 154.47. According to the industry distribution chart, Spear REIT ranks #103 out of 749 companies in the REITs industry, placing it in the top 13.8%.
Is Spear REIT's EBITDA Margin % too high?
Spear REIT's current EBITDA Margin % of 138.04% is 54% above median its 10-year median of 89.36. Over the past 10 years, this metric has ranged from a low of 43.53 to a high of 154.47. The REITs industry median EBITDA Margin % is 69.63. Spear REIT's value of 138.04% is 98.2% above this industry median. Based on the distribution chart, Spear REIT ranks #103 out of 749 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Spear REIT has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's EBITDA Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #103 out of 749 companies for EBITDA Margin %. This places Spear REIT in the top 14% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 69.63. Spear REIT's value of 138.04% is 98.2% above this benchmark. Historically, Spear REIT's own EBITDA Margin % has ranged from 43.53 to 154.47 over the past decade. While the company's 10-year median is 89.36 vs. the industry median of 69.63, Spear REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.63, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current EBITDA Margin % of 138.04% is 98.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Spear REIT and its competitors. For the REITs industry, the median EBITDA Margin % is 69.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current EBITDA Margin % is 138.04%, which is 54% above median its own 10-year median of 89.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R7.03, compared to a current price of R13.40 — trading 90.6% above its estimated fair value. The current EBITDA Margin % is 138.04%, which is 54% above median its 10-year median of 89.36 and 98.2% above the REITs industry median of 69.63. Spear REIT's overall GF Score™ is 65/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current EBITDA Margin % is 138.04% 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 Spear REIT (JSE:SEA) Overvalued in 2026?
Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued.
The current stock price of R13.40 is trading 90.6% above its estimated GF Value™ of R7.03.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
EBITDA Margin %: 138.04% (54% above median its 10-year median of 89.36)
GF Value™: R7.03 vs. price of R13.40 (90.6% above fair value)
Industry Position: 98.2% above the REITs median (#103 of 749)
No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
65GF Score
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