Spar GroupJSE:SPP -3.70%52 Median PS Value is R207.93 as of Jun. 27, 2026, which is 100% below its 10-year median of 0.64. GuruFocus rates JSE:SPP with a GF Score™ of 52/100 and a GF Value™ of R107.93 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 183 Retail - Defensive companies, Spar Group ranks better than 98.36% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Spar Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R693.406. Spar Group's 10-Year median PS Ratio is 0.2999. Therefore, the Median PS Value for today is R207.93.
As of today (2026-06-27), Spar Group's share price is R45.78. Spar Group's Median PS Value is R207.93. Therefore, Spar Group's Price to Median PS Value for today is 0.22.
The historical rank and industry rank for Spar Group's Median PS Value or its related term are showing as below:
JSE:SPP'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.22 Med: 0.64 Max: 0.79
Current: 0.22
During the past 13 years, the highest Price to Median PS Value of Spar Group was 0.79. The lowest was 0.22. And the median was 0.64.
JSE:SPP's Price-to-Median-PS-Value is ranked better than 98.36% of 183
companies
in the Retail - Defensive industry
Industry Median: 1.04
vs JSE:SPP: 0.22
Spar Group (JSE:SPP) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Spar Group's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
45.78
/
207.93
=
0.22
* 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 Median PS Value Related Terms
Spar Group Median PS Value Historical Data
* Premium members only.
The historical data trend for Spar Group's Median PS 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: Median PS Value Comparison
For the Food Distribution subindustry, Spar Group's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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 Price-to-Median-PS-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Spar Group's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.2999.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spar Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was R693.406.
* 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 Median PS Value of R207.93 as of Jun. 27, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Spar Group and its competitors. This is 32389% above median its historical median of 0.64. Over the past decade, Spar Group's Median PS Value has ranged from 0.22 to 0.79. According to the industry distribution chart, Spar Group ranks #3 out of 183 companies in the Retail - Defensive industry, placing it in the top 1.6%.
Is Spar Group's Median PS Value too high?
Spar Group's current Median PS Value of R207.93 is 32389% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.79. Based on the distribution chart, Spar Group ranks #3 out of 183 companies in the Retail - Defensive industry, which is in the top quartile — a strong position 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 Median PS Value compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #3 out of 183 companies for Median PS Value. This places Spar Group in the top 2% of its industry — outperforming the majority of peers. The industry median Median PS Value is 1.04. Historically, Spar Group's own Median PS Value has ranged from 0.22 to 0.79 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Retail - Defensive company?
The median Median PS Value among Retail - Defensive companies is 1.04, based on 183 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median Median PS Value is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current Median PS Value is R207.93, which is 32389% above median its own 10-year median of 0.64. 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 Median PS Value is R207.93, which is 32389% above median its 10-year median of 0.64. 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 Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Median PS Value is R207.93 as of Jun. 27, 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:
Median PS Value: R207.93 (32389% above median its 10-year median of 0.64)
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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