Afine Investments (JSE:ANI) EV-to-EBIT: 9.21 (As of Aug. 14, 2026) — 74% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:ANI Afine Investments Ltd JSE:ANI
67 GF Score
Price R5.00
GF Value R4.98
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Afine Investments EV-to-EBIT?

Afine Investments JSE:ANI 67 EV-to-EBIT is 9.21 as of Aug. 14, 2026, which is 74% above its 10-year median of 5.29. GuruFocus rates JSE:ANI with a GF Score™ of 67/100 and a GF Value™ of R4.98 (Fairly Valued). The stock has 3 warning signs investors should review. Among 657 REITs companies, Afine Investments ranks better than 81.74% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Afine Investments's Enterprise Value is R455.59 Mil. Afine Investments's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R49.46 Mil. Therefore, Afine Investments's EV-to-EBIT for today is 9.21.

The historical rank and industry rank for Afine Investments's EV-to-EBIT or its related term are showing as below:

JSE:ANI' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.22   Med: 5.29   Max: 13.21
Current: 9.21

During the past 6 years, the highest EV-to-EBIT of Afine Investments was 13.21. The lowest was 1.22. And the median was 5.29.

JSE:ANI's EV-to-EBIT is ranked better than
81.74% of 657 companies
in the REITs industry
Industry Median: 17.92 vs JSE:ANI: 9.21

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Afine Investments's Enterprise Value for the quarter that ended in Feb. 2026 was R455.59 Mil. Afine Investments's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R49.46 Mil. Afine Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 10.86%.


Afine Investments  (JSE:ANI) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Afine Investments's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Feb. 2026 ) =EBIT / Enterprise Value (Q: Feb. 2026 )
=49.455/455.586
=10.86 %

Afine Investments's Enterprise Value for the quarter that ended in Feb. 2026 was R455.59 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Afine Investments's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R49.46 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.


Afine Investments EV-to-EBIT Related Terms


Afine Investments EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Afine Investments's EV-to-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.

Afine Investments EV-to-EBIT Chart

Afine Investments Annual Data
Trend Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EV-to-EBIT
Get a 7-Day Free Trial 1.63 12.38 5.74 4.66 9.21

Afine Investments Semi-Annual Data
Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 5.74 0.00 4.66 0.00 9.21

JSE:ANI vs EQIX, AMT, DLR: EV-to-EBIT Comparison

For the REIT - Specialty subindustry, Afine Investments'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.


Afine Investments EV-to-EBIT vs REITs Industry

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

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


JSE:ANI
67GF Score
Afine Investments Ltd JSE:ANI
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afine Investments EV-to-EBIT Calculation

Afine Investments's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=455.585/49.455
=9.21

Afine Investments's current Enterprise Value is R455.59 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Afine Investments's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R49.46 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 EV-to-EBIT →
What does a EV-to-EBIT of 9.21 mean?
Afine Investments (JSE:ANI) has a EV-to-EBIT of 9.21 as of Aug. 14, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Afine Investments and its competitors. This is 74% above median its historical median of 5.29. Over the past decade, Afine Investments' EV-to-EBIT has ranged from 1.22 to 13.21. According to the industry distribution chart, Afine Investments ranks #120 out of 657 companies in the REITs industry, placing it in the top 18.3%.
Is Afine Investments' EV-to-EBIT too high?
Afine Investments' current EV-to-EBIT of 9.21 is 74% above median its 10-year median of 5.29. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 13.21. The REITs industry median EV-to-EBIT is 17.92. Afine Investments' value of 9.21 is 48.6% below this industry median. Based on the distribution chart, Afine Investments ranks #120 out of 657 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Afine Investments has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' EV-to-EBIT compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #120 out of 657 companies for EV-to-EBIT. This places Afine Investments in the top 18% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 17.92. Afine Investments' value of 9.21 is 48.6% below this benchmark. Historically, Afine Investments' own EV-to-EBIT has ranged from 1.22 to 13.21 over the past decade. While the company's 10-year median is 5.29 vs. the industry median of 17.92, Afine Investments has consistently been below 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 EV-to-EBIT for a REITs company?
The median EV-to-EBIT among REITs companies is 17.92, based on 657 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afine Investments's current EV-to-EBIT of 9.21 is 48.6% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Afine Investments and its competitors. For the REITs industry, the median EV-to-EBIT is 17.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current EV-to-EBIT is 9.21, which is 74% above median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afine Investments stock overvalued right now?
Based on GuruFocus' analysis, Afine Investments (JSE:ANI) is currently considered Fairly Valued. The stock's GF Value™ is R4.98, compared to a current price of R5.00 — trading 0.4% above its estimated fair value. The current EV-to-EBIT is 9.21, which is 74% above median its 10-year median of 5.29 and 48.6% below the REITs industry median of 17.92. Afine Investments' overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Afine Investments (JSE:ANI), the current EV-to-EBIT is 9.21 as of Aug. 14, 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 Afine Investments (JSE:ANI) Overvalued in 2026?

Based on GuruFocus' analysis, Afine Investments stock appears to be overvalued. The current stock price of R5.00 is trading 0.4% above its estimated GF Value™ of R4.98. GuruFocus considers Afine Investments to be Fairly Valued.

Key valuation signals for JSE:ANI:

  • EV-to-EBIT: 9.21 (74% above median its 10-year median of 5.29)
  • GF Value™: R4.98 vs. price of R5.00 (0.4% above fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 48.6% below the REITs median (#120 of 657)

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


Afine Investments Business Description

Industry Real EstateREITs
Address Unit 4602, Greenways, Strand, Western Cape, ZAF, 7140
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.
67GF Score

Get the complete analysis for JSE:ANI

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

R5.00
Price
R4.98
GF Value