Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Spear REIT's share price for the quarter that ended in Feb. 2026 was R13.04. Spear REIT's Shares Outstanding (EOP) for the quarter that ended in Feb. 2026 was 416.4 Mil. Therefore, Spear REIT's market cap for the quarter that ended in Feb. 2026 was R5,429.8 Mil.
Spear REIT's quarterly market cap
increased
from Feb. 2025 (R3,107.9 Mil) to Aug. 2025 (R4,056.5 Mil) and
increased
from Aug. 2025 (R4,056.5 Mil) to Feb. 2026 (R5,429.8 Mil).
Spear REIT's annual market cap
increased
from Feb. 2024 (R2,171.7 Mil) to Feb. 2025 (R3,107.9 Mil) and
increased
from Feb. 2025 (R3,107.9 Mil) to Feb. 2026 (R5,429.8 Mil).
Enterprise Value is 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 and cash equivalents. Spear REIT's Enterprise Value for Today is R8,460.7 Mil.
Spear REIT (JSE:SEA) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Spear REIT Market Cap Related Terms
Spear REIT Market Cap Historical Data
* Premium members only.
The historical data trend for Spear REIT's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs REITs Industry
For the REITs industry and Real Estate sector, Spear REIT's Market Cap distribution charts can be found below:
* The bar in red indicates where Spear REIT's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Spear REIT's Market Cap for the fiscal year that ended in Feb. 2026 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.
Spear REIT (JSE:SEA) has a Market Cap of R6,801.3 Mil as of Jun. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Spear REIT and its competitors. According to the industry distribution chart, Spear REIT ranks #435 out of 985 companies in the REITs industry, placing it in the top 44.2%.
Is Spear REIT's Market Cap too high?
Spear REIT's current Market Cap is R6,801.3 Mil. Based on the distribution chart, Spear REIT ranks #435 out of 985 companies in the REITs industry, which is above the industry midpoint. Overall, Spear REIT has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spear REIT's Market Cap compare to VICI and WPC?
According to the REITs industry distribution chart, Spear REIT ranks #435 out of 985 companies for Market Cap. This puts Spear REIT in the upper half of its industry. The industry median Market Cap is 282.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a REITs company?
The median Market Cap among REITs companies is 282.08, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Spear REIT and its competitors. For the REITs industry, the median Market Cap is 282.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spear REIT's current Market Cap is R6,801.3 Mil. 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 R7.03, compared to a current price of R13.28 — trading 88.9% above its estimated fair value. The current Market Cap is R6,801.3 Mil. Spear REIT's overall GF Score™ is 63/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Spear REIT (JSE:SEA), the current Market Cap is R6,801.3 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 Spear REIT (JSE:SEA) Overvalued in 2026?
Based on GuruFocus' analysis, Spear REIT stock appears to be overvalued.
The current stock price of R13.28 is trading 88.9% above its estimated GF Value™ of R7.03.
GuruFocus considers Spear REIT to be Significantly Overvalued.
Key valuation signals for JSE:SEA:
Market Cap: R6,801.3 Mil
GF Value™: R7.03 vs. price of R13.28 (88.9% above fair value)
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.
63GF Score
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