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Spar GroupJSE:SPP -6.37%50 EV-to-EBIT is 12.29 as of Aug. 04, 2026, which is 14% below its 10-year median of 14.33. GuruFocus rates JSE:SPP with a GF Score™ of 50/100 and a GF Value™ of R108.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 260 Retail - Defensive companies, Spar Group ranks better than 55.77% 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.
Spar Group's Enterprise Value for the quarter that ended in Mar. 2026 was R27,318 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spar Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R1,959 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.
Spar Group EV-to-EBIT Related Terms
Spar Group EV-to-EBIT Historical Data
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The historical data trend for Spar Group'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 Food Distribution subindustry, Spar Group'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.
Spar Group EV-to-EBIT vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Spar Group's EV-to-EBIT falls into.
Spar Group's current Enterprise Value is R24,071 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spar Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R1,959 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.
Spar Group (JSE:SPP) has a EV-to-EBIT of 12.29 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Spar Group and its competitors. This is 14% below median its historical median of 14.33. Over the past decade, Spar Group's EV-to-EBIT has ranged from 8.63 to 20.64. According to the industry distribution chart, Spar Group ranks #115 out of 260 companies in the Retail - Defensive industry, placing it in the top 44.2%.
Is Spar Group's EV-to-EBIT too high?
Spar Group's current EV-to-EBIT of 12.29 is 14% below median its 10-year median of 14.33. Over the past 10 years, this metric has ranged from a low of 8.63 to a high of 20.64. The Retail - Defensive industry median EV-to-EBIT is 13.49. Spar Group's value of 12.29 is 8.9% below this industry median. Based on the distribution chart, Spar Group ranks #115 out of 260 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Spar Group has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's EV-to-EBIT compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #115 out of 260 companies for EV-to-EBIT. This puts Spar Group in the upper half of its industry. The industry median EV-to-EBIT is 13.49. Spar Group's value of 12.29 is 8.9% below this benchmark. Historically, Spar Group's own EV-to-EBIT has ranged from 8.63 to 20.64 over the past decade. While the company's 10-year median is 14.33 vs. the industry median of 13.49, Spar Group 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 Retail - Defensive company?
The median EV-to-EBIT among Retail - Defensive companies is 13.49, based on 260 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. Spar Group's current EV-to-EBIT of 12.29 is 8.9% 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 Spar Group and its competitors. For the Retail - Defensive industry, the median EV-to-EBIT is 13.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current EV-to-EBIT is 12.29, which is 14% below median its own 10-year median of 14.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spar Group stock overvalued right now?
Based on GuruFocus' analysis, Spar Group (JSE:SPP) is currently considered Significantly Undervalued. The stock's GF Value™ is R108.00, compared to a current price of R45.89 — trading 57.5% below its estimated fair value. The current EV-to-EBIT is 12.29, which is 14% below median its 10-year median of 14.33 and 8.9% below the Retail - Defensive industry median of 13.49. Spar Group's overall GF Score™ is 50/100 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 Spar Group (JSE:SPP), the current EV-to-EBIT is 12.29 as of Aug. 04, 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 Spar Group (JSE:SPP) Overvalued in 2026?
Based on GuruFocus' analysis, Spar Group stock appears to be undervalued.
The current stock price of R45.89 is trading 57.5% below its estimated GF Value™ of R108.00.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
EV-to-EBIT: 12.29 (14% below median its 10-year median of 14.33)
GF Value™: R108.00 vs. price of R45.89 (57.5% below fair value)
Industry Position: 8.9% below the Retail - Defensive median (#115 of 260)
No single metric tells the full story. See the JSE:SPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
50GF Score
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