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Spear REITJSE:SEA 70 EV-to-EBIT is 8.57 as of Aug. 11, 2026, which is 0% below its 10-year median of 8.60. GuruFocus rates JSE:SEA with a GF Score™ of 70/100 and a GF Value™ of R7.67 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 657 REITs companies, Spear REIT ranks better than 83.87% on this metric.
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.
Spear REIT's Enterprise Value for the quarter that ended in Feb. 2026 was R7,089.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spear REIT's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R954.0 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.
Spear REIT EV-to-EBIT Related Terms
Spear REIT EV-to-EBIT Historical Data
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The historical data trend for Spear REIT'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.
For the REIT - Diversified subindustry, Spear REIT'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.
Spear REIT EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Spear REIT's EV-to-EBIT falls into.
Spear REIT's current Enterprise Value is R8,173.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spear REIT's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R954.0 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.
Spear REIT (JSE:SEA) has a EV-to-EBIT of 8.57 as of Aug. 11, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Spear REIT and its competitors. This is near median its historical median of 8.60. Over the past decade, Spear REIT's EV-to-EBIT has ranged from 5.45 to 18.09. According to the industry distribution chart, Spear REIT ranks #106 out of 657 companies in the REITs industry, placing it in the top 16.1%.
Is Spear REIT's EV-to-EBIT too high?
Spear REIT's current EV-to-EBIT of 8.57 is near median its 10-year median of 8.60. Over the past 10 years, this metric has ranged from a low of 5.45 to a high of 18.09. The REITs industry median EV-to-EBIT is 18.06. Spear REIT's value of 8.57 is 52.5% below this industry median. Based on the distribution chart, Spear REIT ranks #106 out of 657 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 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's EV-to-EBIT compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #106 out of 657 companies for EV-to-EBIT. This places Spear REIT in the top 16% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 18.06. Spear REIT's value of 8.57 is 52.5% below this benchmark. Historically, Spear REIT's own EV-to-EBIT has ranged from 5.45 to 18.09 over the past decade. While the company's 10-year median is 8.60 vs. the industry median of 18.06, Spear REIT 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 18.06, 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. Spear REIT's current EV-to-EBIT of 8.57 is 52.5% 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 Spear REIT and its competitors. For the REITs industry, the median EV-to-EBIT is 18.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current EV-to-EBIT is 8.57, which is near median its own 10-year median of 8.60. 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 R7.67, compared to a current price of R12.70 — trading 65.6% above its estimated fair value. The current EV-to-EBIT is 8.57, which is near median its 10-year median of 8.60 and 52.5% below the REITs industry median of 18.06. Spear REIT's overall GF Score™ is 70/100 with 11 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 Spear REIT (JSE:SEA), the current EV-to-EBIT is 8.57 as of Aug. 11, 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 R12.70 is trading 65.6% above its estimated GF Value™ of R7.67.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
EV-to-EBIT: 8.57 (near median its 10-year median of 8.60)
GF Value™: R7.67 vs. price of R12.70 (65.6% above fair value)
Industry Position: 52.5% below the REITs median (#106 of 657)
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.
70GF Score
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