Spar GroupJSE:SPP -3.82%52 EPS without NRI is R5.35 as of Mar. 2026. GuruFocus rates JSE:SPP with a GF Score™ of 52/100 and a GF Value™ of R107.96 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 263 Retail - Defensive companies, Spar Group ranks worse than 81.75% on this metric.
Spar Group's earnings per share without non-recurring items for the
six
months ended in Mar. 2026 was R1.99.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was R5.35.
During the past 12 months, Spar Group's average earnings per share (NRI) Growth Rate was -38.80% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was -12.80% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was -10.70% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was -1.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Spar Group's EPS without NRI or its related term are showing as below:
JSE:SPP'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -21.7 Med: 9.45 Max: 25.4
Current: -12.8
During the past 13 years, Spar Group's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 25.40% per year. The lowest was -21.70% per year. And the median was 9.45% per year.
JSE:SPP's 3-Year EPS without NRI Growth Rate is ranked worse than 81.75% of 263
companies
in the Retail - Defensive industry
Industry Median: 8
vs JSE:SPP: -12.80
Spar Group's EPS (Diluted) for the
six
months ended in Mar. 2026 was R0.76.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R-2.20.
Spar Group's EPS (Basic) for the
six
months ended in Mar. 2026 was R0.77.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was R-2.19.
Spar Group (JSE:SPP) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Spar Group EPS without NRI Related Terms
Spar Group EPS without NRI Historical Data
* Premium members only.
The historical data trend for Spar Group's EPS without NRI 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: EPS without NRI Comparison
For the Food Distribution subindustry, Spar Group's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Spar Group's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R5.35
* 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 EPS without NRI of R5.35 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Spar Group and its competitors. According to the industry distribution chart, Spar Group ranks #215 out of 263 companies in the Retail - Defensive industry, placing it in the top 81.7%.
Is Spar Group's EPS without NRI too high?
Spar Group's current EPS without NRI is R5.35. Based on the distribution chart, Spar Group ranks #215 out of 263 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. 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 EPS without NRI compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #215 out of 263 companies for EPS without NRI. This places Spar Group in the lower half of its industry. The industry median EPS without NRI is 8.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Retail - Defensive company?
The median EPS without NRI among Retail - Defensive companies is 8.00, based on 263 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median EPS without NRI is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current EPS without NRI is R5.35. 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 R107.96, compared to a current price of R45.87 — trading 57.5% below its estimated fair value. The current EPS without NRI is R5.35. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current EPS without NRI is R5.35 as of Mar. 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 R45.87 is trading 57.5% below its estimated GF Value™ of R107.96.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
EPS without NRI: R5.35
GF Value™: R107.96 vs. price of R45.87 (57.5% 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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