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Spar GroupJSE:SPP -3.28%53 3-1 Month Momentum % is -22.21% as of Aug. 14, 2026. GuruFocus rates JSE:SPP with a GF Score™ of 53/100 and a GF Value™ of R108.04 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 316 Retail - Defensive companies, Spar Group ranks worse than 91.77% on this metric.
3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-14), Spar Group's 3-1 Month Momentum % is -22.21%.
The industry rank for Spar Group's 3-1 Month Momentum % or its related term are showing as below:
JSE:SPP's 3-1 Month Momentum % is ranked worse than 91.77% of 316
companies
in the Retail - Defensive industry
Industry Median: -1.89
vs JSE:SPP: -22.21
Spar Group (JSE:SPP) 3-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Spar Group 3-1 Month Momentum % Related Terms
JSE:SPP vs SYY, USFD, PFGC: 3-1 Month Momentum % Comparison
For the Food Distribution subindustry, Spar Group's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % 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 3-1 Month Momentum % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Spar Group's 3-1 Month Momentum % falls into.
Spar Group (JSE:SPP) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-month ago
- 1 )
*
100 %
* 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 3-1 Month Momentum % of -22.21% as of Aug. 14, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Spar Group and its competitors. According to the industry distribution chart, Spar Group ranks #290 out of 316 companies in the Retail - Defensive industry, placing it in the top 91.8%.
Is Spar Group's 3-1 Month Momentum % too high?
Spar Group's current 3-1 Month Momentum % is -22.21%. Based on the distribution chart, Spar Group ranks #290 out of 316 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Spar Group has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's 3-1 Month Momentum % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #290 out of 316 companies for 3-1 Month Momentum %. This places Spar Group in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Retail - Defensive company?
A good 3-1 Month Momentum % depends on the Retail - Defensive industry context. However, 3-1 Month Momentum % 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 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Spar Group and its competitors. Spar Group's current 3-1 Month Momentum % is -22.21%. 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 R108.04, compared to a current price of R44.00 — trading 59.3% below its estimated fair value. The current 3-1 Month Momentum % is -22.21%. Spar Group's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current 3-1 Month Momentum % is -22.21% as of Aug. 14, 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 R44.00 is trading 59.3% below its estimated GF Value™ of R108.04.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
3-1 Month Momentum %: -22.21%
GF Value™: R108.04 vs. price of R44.00 (59.3% 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.
53GF Score
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