SpurJSE:SUR +0.93%90 ROA % is 21.55% as of Dec. 2025, which is 52% above its 10-year median of 14.21. GuruFocus rates JSE:SUR with a GF Score™ of 90/100 and a GF Value™ of R40.34 (Fairly Valued). The stock has 9 warning signs investors should review. Among 364 Restaurants companies, Spur ranks better than 96.7% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spur's annualizedNet Income for the quarter that ended in Dec. 2025 was R328 Mil.
Spur's average Total Assets over the quarter that ended in Dec. 2025 was R1,521 Mil. Therefore, Spur's annualized ROA % for the quarter that ended in Dec. 2025 was 21.55%.
The historical rank and industry rank for Spur's ROA % or its related term are showing as below:
JSE:SUR'
s ROA % Range Over the Past 10 Years
Min: 6.87 Med: 14.21 Max: 19.62
Current: 19.62
During the past 13 years, Spur's highest ROA % was 19.62%. The lowest was 6.87%. And the median was 14.21%.
JSE:SUR's ROA % is ranked better than 96.7% of 364
companies
in the Restaurants industry
Industry Median: 2.235
vs JSE:SUR: 19.62
Spur (JSE:SUR) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Spur ROA % Related Terms
Spur ROA % Historical Data
* Premium members only.
The historical data trend for Spur's ROA % 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 Restaurants subindustry, Spur's ROA %, along with its competitors' market caps and ROA % 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.
Spur ROA % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Spur's ROA % distribution charts can be found below:
* The bar in red indicates where Spur's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Spur (JSE:SUR) has a ROA % of 21.55% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spur and its competitors. This is 52% above median its historical median of 14.21. Over the past decade, Spur's ROA % has ranged from 6.87 to 19.62. According to the industry distribution chart, Spur ranks #12 out of 364 companies in the Restaurants industry, placing it in the top 3.3%.
Is Spur's ROA % too high?
Spur's current ROA % of 21.55% is 52% above median its 10-year median of 14.21. Over the past 10 years, this metric has ranged from a low of 6.87 to a high of 19.62. The Restaurants industry median ROA % is 2.24. Spur's value of 21.55% is 864.2% above this industry median. Based on the distribution chart, Spur ranks #12 out of 364 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Spur has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spur's ROA % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Spur ranks #12 out of 364 companies for ROA %. This places Spur in the top 3% of its industry — outperforming the majority of peers. The industry median ROA % is 2.24. Spur's value of 21.55% is 864.2% above this benchmark. Historically, Spur's own ROA % has ranged from 6.87 to 19.62 over the past decade. While the company's 10-year median is 14.21 vs. the industry median of 2.24, Spur 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 ROA % for a Restaurants company?
The median ROA % among Restaurants companies is 2.24, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spur's current ROA % of 21.55% is 864.2% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Spur and its competitors. For the Restaurants industry, the median ROA % is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spur's current ROA % is 21.55%, which is 52% above median its own 10-year median of 14.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spur stock overvalued right now?
Based on GuruFocus' analysis, Spur (JSE:SUR) is currently considered Fairly Valued. The stock's GF Value™ is R40.34, compared to a current price of R43.50 — trading 7.8% above its estimated fair value. The current ROA % is 21.55%, which is 52% above median its 10-year median of 14.21 and 864.2% above the Restaurants industry median of 2.24. Spur's overall GF Score™ is 90/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Spur (JSE:SUR), the current ROA % is 21.55% as of Dec. 2025. 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 Spur (JSE:SUR) Overvalued in 2026?
Based on GuruFocus' analysis, Spur stock appears to be overvalued.
The current stock price of R43.50 is trading 7.8% above its estimated GF Value™ of R40.34.
GuruFocus considers Spur to be Fairly Valued.
Key valuation signals for JSE:SUR:
ROA %: 21.55% (52% above median its 10-year median of 14.21)
GF Value™: R40.34 vs. price of R43.50 (7.8% above fair value)
Industry Position: 864.2% above the Restaurants median (#12 of 364)
No single metric tells the full story. See the JSE:SUR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spur Corp Ltd is a South African multi-brand restaurant franchisor. The group operates as franchisor for the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas (including RocoGo), Casa Bella, Nikos, Doppio Zero and Piza e Vino brands. The company's segment includes South Africa and International segment. South Africa segment include: Franchise, Manufacturing and distribution, Retail company stores, Marketing and Other. International segment include Australasia, Rest of Africa and Middle East and Marketing. Key revenue is generated from South Africa segment.
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