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Spar GroupJSE:SPP -1.36%50 Return-on-Tangible-Asset is 0.75% as of Mar. 2026, which is 86% below its 10-year median of 5.27. GuruFocus rates JSE:SPP with a GF Score™ of 50/100 and a GF Value™ of R108.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 313 Retail - Defensive companies, Spar Group ranks worse than 83.07% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Spar Group's annualizedNet Income for the quarter that ended in Mar. 2026 was R295 Mil. Spar Group's average total tangible assets for the quarter that ended in Mar. 2026 was R39,073 Mil. Therefore, Spar Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.75%.
The historical rank and industry rank for Spar Group's Return-on-Tangible-Asset or its related term are showing as below:
JSE:SPP'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.7 Med: 5.27 Max: 9.04
Current: -1
During the past 13 years, Spar Group's highest Return-on-Tangible-Asset was 9.04%. The lowest was -10.70%. And the median was 5.27%.
JSE:SPP's Return-on-Tangible-Asset is ranked worse than 83.07% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.72
vs JSE:SPP: -1.00
Spar Group (JSE:SPP) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Spar Group Return-on-Tangible-Asset Related Terms
Spar Group Return-on-Tangible-Asset Historical Data
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The historical data trend for Spar Group's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Food Distribution subindustry, Spar Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Spar Group's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.75% mean?
Spar Group (JSE:SPP) has a Return-on-Tangible-Asset of 0.75% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Spar Group and its competitors. This is 86% below median its historical median of 5.27. According to the industry distribution chart, Spar Group ranks #260 out of 313 companies in the Retail - Defensive industry, placing it in the top 83.1%.
Is Spar Group's Return-on-Tangible-Asset too high?
Spar Group's current Return-on-Tangible-Asset of 0.75% is 86% below median its 10-year median of 5.27. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.72. Spar Group's value of 0.75% is 79.8% below this industry median. Based on the distribution chart, Spar Group ranks #260 out of 313 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Spar Group has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spar Group's Return-on-Tangible-Asset compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Spar Group ranks #260 out of 313 companies for Return-on-Tangible-Asset. This places Spar Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.72. Spar Group's value of 0.75% is 79.8% below this benchmark. While the company's 10-year median is 5.27 vs. the industry median of 3.72, Spar Group has consistently been below 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 Return-on-Tangible-Asset for a Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.72, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spar Group's current Return-on-Tangible-Asset of 0.75% is 79.8% below 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Spar Group and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spar Group's current Return-on-Tangible-Asset is 0.75%, which is 86% below median its own 10-year median of 5.27. 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 R108.00, compared to a current price of R47.26 — trading 56.2% below its estimated fair value. The current Return-on-Tangible-Asset is 0.75%, which is 86% below median its 10-year median of 5.27 and 79.8% below the Retail - Defensive industry median of 3.72. Spar Group's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Spar Group (JSE:SPP), the current Return-on-Tangible-Asset is 0.75% 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 Spar Group (JSE:SPP) Overvalued in 2026?
Based on GuruFocus' analysis, Spar Group stock appears to be undervalued.
The current stock price of R47.26 is trading 56.2% below its estimated GF Value™ of R108.00.
GuruFocus considers Spar Group to be Significantly Undervalued.
Key valuation signals for JSE:SPP:
Return-on-Tangible-Asset: 0.75% (86% below median its 10-year median of 5.27)
GF Value™: R108.00 vs. price of R47.26 (56.2% below fair value)
Industry Position: 79.8% below the Retail - Defensive median (#260 of 313)
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.
50GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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