Afric Industries (CAS:AFI) Equity-to-Asset: 0.86 (As of Dec. 2025) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:AFI Afric Industries SA CAS:AFI
65 GF Score
Price MAD326.90
GF Value MAD339.75
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Afric Industries Equity-to-Asset?

Afric Industries CAS:AFI +0.62% 65 Equity-to-Asset is 0.86 as of Dec. 2025, which is 4% above its 10-year median of 0.83. GuruFocus rates CAS:AFI with a GF Score™ of 65/100 and a GF Value™ of MAD339.75 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,612 Chemicals companies, Afric Industries ranks better than 90.57% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Afric Industries's Total Stockholders Equity for the quarter that ended in Dec. 2025 was MAD49.15 Mil. Afric Industries's Total Assets for the quarter that ended in Dec. 2025 was MAD57.47 Mil. Therefore, Afric Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.86.

The historical rank and industry rank for Afric Industries's Equity-to-Asset or its related term are showing as below:

CAS:AFI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.77   Med: 0.83   Max: 0.86
Current: 0.86

During the past 10 years, the highest Equity to Asset Ratio of Afric Industries was 0.86. The lowest was 0.77. And the median was 0.83.

CAS:AFI's Equity-to-Asset is ranked better than
90.57% of 1612 companies
in the Chemicals industry
Industry Median: 0.6 vs CAS:AFI: 0.86

Afric Industries  (CAS:AFI) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Afric Industries Equity-to-Asset Related Terms


Afric Industries Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Afric Industries's Equity-to-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.

Afric Industries Equity-to-Asset Chart

Afric Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.77 0.84 0.84 0.86

Afric Industries Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Equity-to-Asset 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 0.84 0.75 0.84 0.83 0.86

CAS:AFI vs LIN, SHW, ECL: Equity-to-Asset Comparison

For the Specialty Chemicals subindustry, Afric Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-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.


Afric Industries Equity-to-Asset vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Afric Industries's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Afric Industries's Equity-to-Asset falls into.


CAS:AFI
65GF Score
Afric Industries SA CAS:AFI
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Afric Industries Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Afric Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=49.154/57.473
=0.86

Afric Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Equity to Asset (Q: Dec. 2025 )=Total Stockholders Equity/Total Assets
=49.154/57.473
=0.86

* 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 Equity-to-Asset →
What does a Equity-to-Asset of 0.86 mean?
Afric Industries (CAS:AFI) has a Equity-to-Asset of 0.86 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Afric Industries and its competitors. This is near median its historical median of 0.83. Over the past decade, Afric Industries' Equity-to-Asset has ranged from 0.77 to 0.86. According to the industry distribution chart, Afric Industries ranks #152 out of 1612 companies in the Chemicals industry, placing it in the top 9.4%.
Is Afric Industries' Equity-to-Asset too high?
Afric Industries' current Equity-to-Asset of 0.86 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 0.86. The Chemicals industry median Equity-to-Asset is 0.60. Afric Industries' value of 0.86 is 43.3% above this industry median. Based on the distribution chart, Afric Industries ranks #152 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Afric Industries has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afric Industries' Equity-to-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #152 out of 1612 companies for Equity-to-Asset. This places Afric Industries in the top 9% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.60. Afric Industries' value of 0.86 is 43.3% above this benchmark. Historically, Afric Industries' own Equity-to-Asset has ranged from 0.77 to 0.86 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.60, Afric Industries 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 Equity-to-Asset for a Chemicals company?
The median Equity-to-Asset among Chemicals companies is 0.60, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afric Industries's current Equity-to-Asset of 0.86 is 43.3% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Afric Industries and its competitors. For the Chemicals industry, the median Equity-to-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current Equity-to-Asset is 0.86, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afric Industries stock overvalued right now?
Based on GuruFocus' analysis, Afric Industries (CAS:AFI) is currently considered Fairly Valued. The stock's GF Value™ is MAD339.75, compared to a current price of MAD326.90 — trading 3.8% below its estimated fair value. The current Equity-to-Asset is 0.86, which is near median its 10-year median of 0.83 and 43.3% above the Chemicals industry median of 0.60. Afric Industries' overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Afric Industries (CAS:AFI), the current Equity-to-Asset is 0.86 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 Afric Industries (CAS:AFI) Overvalued in 2026?

Based on GuruFocus' analysis, Afric Industries stock appears to be undervalued. The current stock price of MAD326.90 is trading 3.8% below its estimated GF Value™ of MAD339.75. GuruFocus considers Afric Industries to be Fairly Valued.

Key valuation signals for CAS:AFI:

  • Equity-to-Asset: 0.86 (near median its 10-year median of 0.83)
  • GF Value™: MAD339.75 vs. price of MAD326.90 (3.8% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 43.3% above the Chemicals median (#152 of 1612)

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


Afric Industries Business Description

Address Lot 107, Street 3, Tetouan Road, Industrial Area of Mghogha, Tangier, MAR, 90000
Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.
65GF Score

Get the complete analysis for CAS:AFI

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD326.90
Price
MAD339.75
GF Value