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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Heriot REIT's Enterprise Value is R14,317 Mil.
Heriot REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R1,991 Mil. Therefore, Heriot REIT's EV-to-EBIT ratio for today is 7.19.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Heriot REIT's Enterprise Value is R14,317 Mil.
Heriot REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R1,991 Mil. Therefore, Heriot REIT's EV-to-EBITDA ratio for today is 7.19.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Heriot REIT's Enterprise Value is R14,317 Mil.
Heriot REIT's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R1,269 Mil. Therefore, Heriot REIT's EV-to-Revenue ratio for today is 11.28.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Heriot REIT's Enterprise Value is R14,317 Mil.
Heriot REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R739 Mil. Therefore, Heriot REIT's EV-to-FCF ratio for today is 19.37.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Heriot REIT (JSE:HET) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Heriot REIT's current Enterprise Value is R14,317 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heriot REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R1,991 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Heriot REIT's current Enterprise Value is R14,317 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heriot REIT's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R1,991 Mil.
Heriot REIT's current Enterprise Value is R14,317 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heriot REIT's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R1,269 Mil.
Heriot REIT's current Enterprise Value is R14,317 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heriot REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was R751 Mil.
Heriot REIT's current Enterprise Value is R14,317 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Heriot REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R739 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.
Heriot REIT Enterprise Value Related Terms
Heriot REIT Enterprise Value Historical Data
* Premium members only.
The historical data trend for Heriot REIT's Enterprise Value 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, Heriot REIT's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Heriot REIT Enterprise Value vs REITs Industry
For the REITs industry and Real Estate sector, Heriot REIT's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Heriot REIT's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Heriot REIT's Enterprise Value for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Heriot REIT (JSE:HET) has a Enterprise Value of R14,317 Mil as of Jul. 21, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Heriot REIT and its competitors.
Is Heriot REIT's Enterprise Value too high?
Heriot REIT's current Enterprise Value is R14,317 Mil. Overall, Heriot REIT has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heriot REIT's Enterprise Value compare to VICI and WPC?
Heriot REIT's Enterprise Value of R14,317 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Heriot REIT and its competitors. Heriot REIT's current Enterprise Value is R14,317 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heriot REIT stock overvalued right now?
Based on GuruFocus' analysis, Heriot REIT (JSE:HET) is currently considered Fairly Valued. The stock's GF Value™ is R23.54, compared to a current price of R26.00 — trading 10.5% above its estimated fair value. The current Enterprise Value is R14,317 Mil. Heriot REIT's overall GF Score™ is 69/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Heriot REIT (JSE:HET), the current Enterprise Value is R14,317 Mil as of Jul. 21, 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 Heriot REIT (JSE:HET) Overvalued in 2026?
Based on GuruFocus' analysis, Heriot REIT stock appears to be overvalued.
The current stock price of R26.00 is trading 10.5% above its estimated GF Value™ of R23.54.
GuruFocus considers Heriot REIT to be Fairly Valued.
Key valuation signals for JSE:HET:
Enterprise Value: R14,317 Mil
GF Value™: R23.54 vs. price of R26.00 (10.5% above fair value)
No single metric tells the full story. See the JSE:HET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heriot REIT Ltd is a South African real estate investment trust. The company's primary segments include retail, industrial, office, specialized, residential, and others. While the majority of the revenue is earned from the Retail segment. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams. Geographically, the company operates in Gauteng, Western Cape, KwaZulu-Natal, North West, Mpumalanga, Limpopo, Free State, and Namibia.
69GF Score
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Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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