AFMA (CAS:AFM) EPS without NRI: MAD85.53 (TTM As of Dec. 2025)


CAS:AFM AFMA SA CAS:AFM
29 GF Score
Price MAD1,240.00
GF Value MAD1,573.26
Valuation Modestly Undervalued
! 4 Warning Signs
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What is AFMA EPS without NRI?

AFMA CAS:AFM 29 EPS without NRI is MAD85.53 as of Dec. 2025. GuruFocus rates CAS:AFM with a GF Score™ of 29/100 and a GF Value™ of MAD1,573.26 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 403 Insurance companies, AFMA ranks worse than 57.82% on this metric.

AFMA's earnings per share without non-recurring items for the six months ended in Dec. 2025 was MAD31.93. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2025 was MAD85.53.

During the past 12 months, AFMA's average earnings per share (NRI) Growth Rate was 11.40% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 11.70% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 9.50% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 3.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for AFMA's EPS without NRI or its related term are showing as below:

CAS:AFM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -3.1   Med: 3.4   Max: 11.7
Current: 11.7

During the past 11 years, AFMA's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 11.70% per year. The lowest was -3.10% per year. And the median was 3.40% per year.

CAS:AFM's 3-Year EPS without NRI Growth Rate is ranked worse than
57.82% of 403 companies
in the Insurance industry
Industry Median: 16.3 vs CAS:AFM: 11.70

AFMA's EPS (Diluted) for the six months ended in Dec. 2025 was MAD21.62. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD73.00.

AFMA's EPS (Basic) for the six months ended in Dec. 2025 was MAD21.62. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was MAD73.00.


AFMA  (CAS:AFM) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


AFMA EPS without NRI Related Terms


AFMA EPS without NRI Historical Data

* Premium members only.

The historical data trend for AFMA's EPS without NRI 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.

AFMA EPS without NRI Chart

AFMA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.53 61.44 64.38 76.75 85.53

AFMA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.21 47.72 25.64 53.59 31.93

CAS:AFM vs MRSH, AON, AJG: EPS without NRI Comparison

For the Insurance Brokers subindustry, AFMA's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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.


AFMA PE Ratio without NRI vs Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where AFMA's PE Ratio without NRI falls into.


CAS:AFM
29GF Score
AFMA SA CAS:AFM
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AFMA EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD85.53

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of MAD85.53 mean?
AFMA (CAS:AFM) has a EPS without NRI of MAD85.53 as of Dec. 2025. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on AFMA and its competitors. According to the industry distribution chart, AFMA ranks #233 out of 403 companies in the Insurance industry, placing it in the top 57.8%.
Is AFMA's EPS without NRI too high?
AFMA's current EPS without NRI is MAD85.53. Based on the distribution chart, AFMA ranks #233 out of 403 companies in the Insurance industry, which is below the industry midpoint. Overall, AFMA has a GF Score™ of 29/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFMA's EPS without NRI compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #233 out of 403 companies for EPS without NRI. This places AFMA in the lower half of its industry. The industry median EPS without NRI is 16.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Insurance company?
The median EPS without NRI among Insurance companies is 16.30, based on 403 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on AFMA and its competitors. For the Insurance industry, the median EPS without NRI is 16.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current EPS without NRI is MAD85.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFMA stock overvalued right now?
Based on GuruFocus' analysis, AFMA (CAS:AFM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,573.26, compared to a current price of MAD1,240.00 — trading 21.2% below its estimated fair value. The current EPS without NRI is MAD85.53. AFMA's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For AFMA (CAS:AFM), the current EPS without NRI is MAD85.53 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 AFMA (CAS:AFM) Overvalued in 2026?

Based on GuruFocus' analysis, AFMA stock appears to be undervalued. The current stock price of MAD1,240.00 is trading 21.2% below its estimated GF Value™ of MAD1,573.26. GuruFocus considers AFMA to be Modestly Undervalued.

Key valuation signals for CAS:AFM:

  • EPS without NRI: MAD85.53
  • GF Value™: MAD1,573.26 vs. price of MAD1,240.00 (21.2% below fair value)
  • GF Score™: 29/100 with 4 warning signs

No single metric tells the full story. See the CAS:AFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AFMA Business Description

Address 22, Moulay Youssef bd, Casablanca, MAR, 20 070
AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.
29GF Score

Get the complete analysis for CAS:AFM

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD1,240.00
Price
MAD1,573.26
GF Value