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MASJSE:MSP -1.18%74 EV-to-EBITDA is 10.01 as of Aug. 08, 2026, which is 14% above its 10-year median of 8.75. GuruFocus rates JSE:MSP with a GF Score™ of 74/100 and a GF Value™ of R20.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,386 Real Estate companies, MAS ranks better than 60.17% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, MAS's enterprise value is R20,458 Mil.
MAS's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R2,043 Mil. Therefore, MAS's EV-to-EBITDA for today is 10.01.
The historical rank and industry rank for MAS's EV-to-EBITDA or its related term are showing as below:
JSE:MSP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -52.99 Med: 8.75 Max: 121.22
Current: 10.02
During the past 13 years, the highest EV-to-EBITDA of MAS was 121.22. The lowest was -52.99. And the median was 8.75.
JSE:MSP's EV-to-EBITDA is ranked better than 60.17% of 1386
companies
in the Real Estate industry
Industry Median: 12.57
vs JSE:MSP: 10.02
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-08-08), MAS's stock price is R21.73.
MAS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R1.956. Therefore, MAS's PE Ratio (TTM) for today is 11.11.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
MAS's share price for today is R21.73.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MAS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R1.956.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for MAS's EV-to-EBITDA 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 Real Estate - Diversified subindustry, MAS's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
MAS EV-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MAS's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MAS's EV-to-EBITDA falls into.
MAS's current Enterprise Value is R20,458 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MAS's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R2,043 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.
MAS (JSE:MSP) has a EV-to-EBITDA of 10.01 as of Aug. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MAS. This is 14% above median its historical median of 8.75. According to the industry distribution chart, MAS ranks #552 out of 1386 companies in the Real Estate industry, placing it in the top 39.8%.
Is MAS's EV-to-EBITDA too high?
MAS's current EV-to-EBITDA of 10.01 is 14% above median its 10-year median of 8.75. The Real Estate industry median EV-to-EBITDA is 12.57. MAS's value of 10.01 is 20.4% below this industry median. Based on the distribution chart, MAS ranks #552 out of 1386 companies in the Real Estate industry, which is above the industry midpoint. Overall, MAS has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MAS's EV-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, MAS ranks #552 out of 1386 companies for EV-to-EBITDA. This puts MAS in the upper half of its industry. The industry median EV-to-EBITDA is 12.57. MAS's value of 10.01 is 20.4% below this benchmark. While the company's 10-year median is 8.75 vs. the industry median of 12.57, MAS 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-EBITDA for a Real Estate company?
The median EV-to-EBITDA among Real Estate companies is 12.57, based on 1,386 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MAS's current EV-to-EBITDA of 10.01 is 20.4% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on MAS. For the Real Estate industry, the median EV-to-EBITDA is 12.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAS's current EV-to-EBITDA is 10.01, which is 14% above median its own 10-year median of 8.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS stock overvalued right now?
Based on GuruFocus' analysis, MAS (JSE:MSP) is currently considered Fairly Valued. The stock's GF Value™ is R20.17, compared to a current price of R21.73 — trading 7.7% above its estimated fair value. The current EV-to-EBITDA is 10.01, which is 14% above median its 10-year median of 8.75 and 20.4% below the Real Estate industry median of 12.57. MAS's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For MAS (JSE:MSP), the current EV-to-EBITDA is 10.01 as of Aug. 08, 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 MAS (JSE:MSP) Overvalued in 2026?
Based on GuruFocus' analysis, MAS stock appears to be overvalued.
The current stock price of R21.73 is trading 7.7% above its estimated GF Value™ of R20.17.
GuruFocus considers MAS to be Fairly Valued.
Key valuation signals for JSE:MSP:
EV-to-EBITDA: 10.01 (14% above median its 10-year median of 8.75)
GF Value™: R20.17 vs. price of R21.73 (7.7% above fair value)
Industry Position: 20.4% below the Real Estate median (#552 of 1386)
No single metric tells the full story. See the JSE:MSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS PLC is a property investor. It owns income generating properties in Romania, Bulgaria, and Poland. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The company's reportable segments are CEE direct assets (CEE), CEE development joint venture (DJV), WE direct assets (WE), and Corporate. Its key revenue is derived from the CEE direct assets (CEE) segment which includes income properties located in CEE fully owned and managed by the company. Geographically, the company derives maximum revenue from Romania, and the rest from Bulgaria, Poland, and Germany.
74GF Score
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