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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Spear REIT's Enterprise Value is R8,322.2 Mil.
Spear REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was R19.2 Mil. Therefore, Spear REIT's EV-to-FCF for today is 433.56.
The historical rank and industry rank for Spear REIT's EV-to-FCF or its related term are showing as below:
JSE:SEA'
s EV-to-FCF Range Over the Past 10 Years
Min: -536.62 Med: -29.7 Max: 581.78
Current: 438.64
During the past 10 years, the highest EV-to-FCF of Spear REIT was 581.78. The lowest was -536.62. And the median was -29.70.
JSE:SEA's EV-to-FCF is ranked worse than 98.51% of 737
companies
in the REITs industry
Industry Median: 23.11
vs JSE:SEA: 438.64
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Spear REIT's share price for today is R12.99.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spear REIT's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R2.061.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Spear REIT EV-to-FCF Related Terms
Spear REIT EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Spear REIT's EV-to-FCF 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, Spear REIT's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Spear REIT EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Spear REIT's EV-to-FCF falls into.
Spear REIT's current Enterprise Value is R8,322.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spear REIT's Free Cash Flow for the trailing twelve months (TTM) ended in Feb. 2026 was R19.2 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.
Spear REIT (JSE:SEA) has a EV-to-FCF of 433.56 as of Jul. 16, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spear REIT and its competitors. According to the industry distribution chart, Spear REIT ranks #726 out of 737 companies in the REITs industry, placing it in the top 98.5%.
Is Spear REIT's EV-to-FCF too high?
Spear REIT's current EV-to-FCF is 433.56. The REITs industry median EV-to-FCF is 23.11. Spear REIT's value of 433.56 is 1776.1% above this industry median. Based on the distribution chart, Spear REIT ranks #726 out of 737 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Spear REIT has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #726 out of 737 companies for EV-to-FCF. This places Spear REIT in the lower half of its industry. The industry median EV-to-FCF is 23.11. Spear REIT's value of 433.56 is 1776.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.11, based on 737 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spear REIT's current EV-to-FCF of 433.56 is 1776.1% above 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spear REIT and its competitors. For the REITs industry, the median EV-to-FCF is 23.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current EV-to-FCF is 433.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spear REIT stock overvalued right now?
Based on GuruFocus' analysis, Spear REIT (JSE:SEA) is currently considered Significantly Overvalued. The stock's GF Value™ is R6.90, compared to a current price of R12.99 — trading 88.3% above its estimated fair value. The current EV-to-FCF is 433.56 and 1776.1% above the REITs industry median of 23.11. Spear REIT's overall GF Score™ is 65/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current EV-to-FCF is 433.56 as of Jul. 16, 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 Spear REIT (JSE:SEA) Overvalued in 2026?
Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued.
The current stock price of R12.99 is trading 88.3% above its estimated GF Value™ of R6.90.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
EV-to-FCF: 433.56
GF Value™: R6.90 vs. price of R12.99 (88.3% above fair value)
Industry Position: 1776.1% above the REITs median (#726 of 737)
No single metric tells the full story. See the JSE:SEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spear REIT Ltd is a real estate investment trust. The company has five segments Industrial, Commercial, Retail, Development, and Non-property. The company generates majority of revenue from Industrial segment. The industrial portfolio comprises a diverse range of multi-let industrial properties, warehouses, logistics parks, and urban logistics facilities. The company has presence in Cape.
65GF Score
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