Delta Property Fund (JSE:DLT) EV-to-EBIT: 7.06 (As of Aug. 25, 2026) — 34% Below Median

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JSE:DLT Delta Property Fund Ltd JSE:DLT
25 GF Score
Price R0.39
GF Value R0.23
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Delta Property Fund EV-to-EBIT?

Delta Property Fund JSE:DLT -4.88% 25 EV-to-EBIT is 7.06 as of Aug. 25, 2026, which is 34% below its 10-year median of 10.68. GuruFocus rates JSE:DLT with a GF Score™ of 25/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 655 REITs companies, Delta Property Fund ranks better than 89.01% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Delta Property Fund's Enterprise Value is R3,976 Mil. Delta Property Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R564 Mil. Therefore, Delta Property Fund's EV-to-EBIT for today is 7.06.

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

JSE:DLT' s EV-to-EBIT Range Over the Past 10 Years
Min: -17.82   Med: 10.68   Max: 45.64
Current: 7.05

During the past 13 years, the highest EV-to-EBIT of Delta Property Fund was 45.64. The lowest was -17.82. And the median was 10.68.

JSE:DLT's EV-to-EBIT is ranked better than
89.01% of 655 companies
in the REITs industry
Industry Median: 18 vs JSE:DLT: 7.05

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Delta Property Fund's Enterprise Value for the quarter that ended in Feb. 2026 was R3,969 Mil. Delta Property Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R564 Mil. Delta Property Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 14.20%.


Delta Property Fund  (JSE:DLT) 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) %.

Delta Property Fund'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 )
=563.546/3969.23406
=14.20 %

Delta Property Fund's Enterprise Value for the quarter that ended in Feb. 2026 was R3,969 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Delta Property Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R564 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.


Delta Property Fund EV-to-EBIT Related Terms


Delta Property Fund EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Delta Property Fund'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.

Delta Property Fund EV-to-EBIT Chart

Delta Property Fund Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.82 -17.54 10.61 10.95 7.04

Delta Property Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 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 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 10.61 0.00 10.95 0.00 7.04

JSE:DLT vs BXP, ARE, VNO: EV-to-EBIT Comparison

For the REIT - Office subindustry, Delta 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.


Delta Property Fund EV-to-EBIT vs REITs Industry

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

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


JSE:DLT
25GF Score
Delta Property Fund Ltd JSE:DLT
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delta Property Fund EV-to-EBIT Calculation

Delta Property Fund's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3976.377/563.546
=7.06

Delta Property Fund's current Enterprise Value is R3,976 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Delta Property Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R564 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 7.06 mean?
Delta Property Fund (JSE:DLT) has a EV-to-EBIT of 7.06 as of Aug. 25, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Delta Property Fund and its competitors. This is 34% below median its historical median of 10.68. According to the industry distribution chart, Delta Property Fund ranks #72 out of 655 companies in the REITs industry, placing it in the top 11%.
Is Delta Property Fund's EV-to-EBIT too high?
Delta Property Fund's current EV-to-EBIT of 7.06 is 34% below median its 10-year median of 10.68. The REITs industry median EV-to-EBIT is 18.00. Delta Property Fund's value of 7.06 is 60.8% below this industry median. Based on the distribution chart, Delta Property Fund ranks #72 out of 655 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Delta Property Fund has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's EV-to-EBIT compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #72 out of 655 companies for EV-to-EBIT. This places Delta Property Fund in the top 11% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.00. Delta Property Fund's value of 7.06 is 60.8% below this benchmark. While the company's 10-year median is 10.68 vs. the industry median of 18.00, Delta Property Fund 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 18.00, based on 655 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. Delta Property Fund's current EV-to-EBIT of 7.06 is 60.8% 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 Delta Property Fund and its competitors. For the REITs industry, the median EV-to-EBIT is 18.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current EV-to-EBIT is 7.06, which is 34% below median its own 10-year median of 10.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Delta Property Fund (JSE:DLT) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.23, compared to a current price of R0.39 — trading 69.6% above its estimated fair value. The current EV-to-EBIT is 7.06, which is 34% below median its 10-year median of 10.68 and 60.8% below the REITs industry median of 18.00. Delta Property Fund's overall GF Score™ is 25/100 with 5 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 Delta Property Fund (JSE:DLT), the current EV-to-EBIT is 7.06 as of Aug. 25, 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 Delta Property Fund (JSE:DLT) Overvalued in 2026?

Based on GuruFocus' analysis, Delta Property Fund stock appears to be overvalued. The current stock price of R0.39 is trading 69.6% above its estimated GF Value™ of R0.23. GuruFocus considers Delta Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:DLT:

  • EV-to-EBIT: 7.06 (34% below median its 10-year median of 10.68)
  • GF Value™: R0.23 vs. price of R0.39 (69.6% above fair value)
  • GF Score™: 25/100 with 5 warning signs
  • Industry Position: 60.8% below the REITs median (#72 of 655)

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


Delta Property Fund Business Description

Industry Real EstateREITs
Address 10 Muswell Road South, Building 3, Silver Stream Office Park, Bryanston, Sandton, Johannesburg, GT, ZAF, 2021
Delta Property Fund Ltd engages in making long-term investments in rental-generating properties. The company comprises three segments, namely, Office-Sovereign, Office-Other, and Head Office. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets, single tenanted by the national government, provincial government, state-owned enterprises, and large blue-chip corporations under long leases.
25GF Score

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

R0.39
Price
R0.23
GF Value