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, Spar Group's Enterprise Value is R24,050 Mil.
Spar Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R1,959 Mil. Therefore, Spar Group's EV-to-EBIT ratio for today is 12.28.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Spar Group's Enterprise Value is R24,050 Mil.
Spar Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was R3,025 Mil. Therefore, Spar Group's EV-to-EBITDA ratio for today is 7.95.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Spar Group's Enterprise Value is R24,050 Mil.
Spar Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was R133,780 Mil. Therefore, Spar Group's EV-to-Revenue ratio for today is 0.18.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Spar Group's Enterprise Value is R24,050 Mil.
Spar Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was R1,124 Mil. Therefore, Spar Group's EV-to-FCF ratio for today is 21.41.
*** 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.
Spar Group (JSE:SPP) 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.
Spar Group's current Enterprise Value is R24,050 Mil.
For company reported semi-annually or 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.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Spar Group's current Enterprise Value is R24,050 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Spar Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was R3,025 Mil.
Spar Group's current Enterprise Value is R24,050 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Spar Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was R133,780 Mil.
Spar Group's current Enterprise Value is R24,050 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Spar Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was R1,965 Mil.
Spar Group's current Enterprise Value is R24,050 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Spar Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was R1,124 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 Enterprise Value Related Terms
Spar Group Enterprise Value Historical Data
* Premium members only.
The historical data trend for Spar Group'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.
JSE:SPP vs SYY, USFD, PFGC: Enterprise Value Comparison
For the Food Distribution subindustry, Spar Group'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.
Spar Group Enterprise Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Spar Group'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.
Spar Group's Enterprise Value for the fiscal year that ended in Sep. 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.
Spar Group (JSE:SPP) has a Enterprise Value of R24,050 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Spar Group and its competitors.
Is Spar Group's Enterprise Value too high?
Spar Group's current Enterprise Value is R24,050 Mil. Overall, Spar Group has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Enterprise Value compare to SYY and USFD?
Spar Group's Enterprise Value of R24,050 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Enterprise Value depends on the Retail - Defensive 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 Spar Group and its competitors. Spar Group's current Enterprise Value is R24,050 Mil. 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 R107.93, compared to a current price of R45.78 — trading 57.6% below its estimated fair value. The current Enterprise Value is R24,050 Mil. Spar Group's overall GF Score™ is 52/100 with 3 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 Spar Group (JSE:SPP), the current Enterprise Value is R24,050 Mil as of Jun. 29, 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 R45.78 is trading 57.6% below its estimated GF Value™ of R107.93.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
Enterprise Value: R24,050 Mil
GF Value™: R107.93 vs. price of R45.78 (57.6% below fair value)
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.
52GF Score
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