Fairvest (JSE:FTB) Interest Coverage: 3.88 (As of Mar. 2026) — 48% Above Median


JSE:FTB Fairvest Ltd JSE:FTB
54 GF Score
Price R7.55
GF Value R4.98
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Fairvest Interest Coverage?

Fairvest JSE:FTB -1.05% 54 Interest Coverage is 3.88 as of Mar. 2026, which is 48% above its 10-year median of 2.62. GuruFocus rates JSE:FTB with a GF Score™ of 54/100 and a GF Value™ of R4.98 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 701 REITs companies, Fairvest ranks better than 53.35% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Fairvest's Operating Income for the six months ended in Mar. 2026 was R691 Mil. Fairvest's Interest Expense for the six months ended in Mar. 2026 was R-178 Mil. Fairvest's interest coverage for the quarter that ended in Mar. 2026 was 3.88. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Fairvest's Interest Coverage or its related term are showing as below:

JSE:FTB' s Interest Coverage Range Over the Past 10 Years
Min: 2.26   Med: 2.62   Max: 3.33
Current: 3.33


JSE:FTB's Interest Coverage is ranked better than
53.35% of 701 companies
in the REITs industry
Industry Median: 3.12 vs JSE:FTB: 3.33

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Fairvest  (JSE:FTB) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Fairvest Interest Coverage Related Terms


Fairvest Interest Coverage Historical Data

* Premium members only.

The historical data trend for Fairvest's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Fairvest Interest Coverage Chart

Fairvest Annual Data
Trend Jun21 Sep23 Sep24 Sep25
Interest Coverage
3.24 2.26 2.43 2.81

Fairvest Semi-Annual Data
Jun21 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Interest Coverage Get a 7-Day Free Trial 2.50 2.37 2.76 2.86 3.88

JSE:FTB vs SPG, O, KIM: Interest Coverage Comparison

For the REIT - Retail subindustry, Fairvest's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


Fairvest Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Fairvest's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fairvest's Interest Coverage falls into.


JSE:FTB
54GF Score
Fairvest Ltd JSE:FTB
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fairvest Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fairvest's Interest Coverage for the fiscal year that ended in Sep. 2025 is calculated as

Here, for the fiscal year that ended in Sep. 2025, Fairvest's Interest Expense was R-411 Mil. Its Operating Income was R1,154 Mil. And its Long-Term Debt & Capital Lease Obligation was R3,079 Mil.

Interest Coverage=-1* Operating Income (A: Sep. 2025 )/Interest Expense (A: Sep. 2025 )
=-1*1153.713/-410.6
=2.81

Fairvest's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Fairvest's Interest Expense was R-178 Mil. Its Operating Income was R691 Mil. And its Long-Term Debt & Capital Lease Obligation was R3,112 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*691.251/-178.374
=3.88

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 3.88 mean?
Fairvest (JSE:FTB) has a Interest Coverage of 3.88 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fairvest and its competitors. This is 48% above median its historical median of 2.62. Over the past decade, Fairvest's Interest Coverage has ranged from 2.26 to 3.33. According to the industry distribution chart, Fairvest ranks #327 out of 701 companies in the REITs industry, placing it in the top 46.6%.
Is Fairvest's Interest Coverage too high?
Fairvest's current Interest Coverage of 3.88 is 48% above median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 2.26 to a high of 3.33. The REITs industry median Interest Coverage is 3.12. Fairvest's value of 3.88 is 24.4% above this industry median. Based on the distribution chart, Fairvest ranks #327 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, Fairvest has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fairvest's Interest Coverage compare to SPG and O?
According to the REITs industry distribution chart, Fairvest ranks #327 out of 701 companies for Interest Coverage. This puts Fairvest in the upper half of its industry. The industry median Interest Coverage is 3.12. Fairvest's value of 3.88 is 24.4% above this benchmark. Historically, Fairvest's own Interest Coverage has ranged from 2.26 to 3.33 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 3.12, Fairvest has consistently been above 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fairvest's current Interest Coverage of 3.88 is 24.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Fairvest and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fairvest's current Interest Coverage is 3.88, which is 48% above median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fairvest stock overvalued right now?
Based on GuruFocus' analysis, Fairvest (JSE:FTB) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.98, compared to a current price of R7.55 — trading 51.6% above its estimated fair value. The current Interest Coverage is 3.88, which is 48% above median its 10-year median of 2.62 and 24.4% above the REITs industry median of 3.12. Fairvest's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Fairvest (JSE:FTB), the current Interest Coverage is 3.88 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 Fairvest (JSE:FTB) Overvalued in 2026?

Based on GuruFocus' analysis, Fairvest stock appears to be overvalued. The current stock price of R7.55 is trading 51.6% above its estimated GF Value™ of R4.98. GuruFocus considers Fairvest to be Significantly Overvalued.

Key valuation signals for JSE:FTB:

  • Interest Coverage: 3.88 (48% above median its 10-year median of 2.62)
  • GF Value™: R4.98 vs. price of R7.55 (51.6% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 24.4% above the REITs median (#327 of 701)

No single metric tells the full story. See the JSE:FTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fairvest Business Description

Industry Real EstateREITs
Address 1 Sturdee Avenue, Rosebank, 3rd Floor, Upper Building, Johannesburg, GT, ZAF, 2196
Fairvest Ltd is a diversified real estate investment trust investing in the quality retail asset. The fairvest property portfolio consists of properties across South Africa. It has five operating segments Office, Industrial and Retail, Residential and overheads. The majority is from the Retail segment. Geographically, it is located in South Africa but its geographic segments ranges in Gauteng, Western Cape, KwaZuluNatal, Eastern Cape, Limpopo, Mpumalanga, North West Northern Cape,Free State and Other. The key revenue here is observed in the western cape region.
54GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R7.55
Price
R4.98
GF Value