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AfrimatJSE:AFT +3.72%72 Equity-to-Asset is 0.45 as of Feb. 2026, which is 13% below its 10-year median of 0.52. GuruFocus rates JSE:AFT with a GF Score™ of 72/100 and a GF Value™ of R99.39 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 413 Building Materials companies, Afrimat ranks worse than 67.8% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Afrimat's Total Stockholders Equity for the quarter that ended in Feb. 2026 was R4,410 Mil. Afrimat's Total Assets for the quarter that ended in Feb. 2026 was R9,901 Mil.
Therefore, Afrimat's Equity to Asset Ratio for the quarter that ended in Feb. 2026 was 0.45.
The historical rank and industry rank for Afrimat's Equity-to-Asset or its related term are showing as below:
JSE:AFT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.45 Med: 0.52 Max: 0.68
Current: 0.45
During the past 13 years, the highest Equity to Asset Ratio of Afrimat was 0.68. The lowest was 0.45. And the median was 0.52.
JSE:AFT's Equity-to-Asset is ranked worse than 67.8% of 413
companies
in the Building Materials industry
Industry Median: 0.55
vs JSE:AFT: 0.45
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%.
Afrimat Equity-to-Asset Related Terms
Afrimat Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Afrimat'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.
JSE:AFT vs CRH, MLM, VMC: Equity-to-Asset Comparison
For the Building Materials subindustry, Afrimat'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.
Afrimat Equity-to-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Afrimat's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Afrimat's Equity-to-Asset falls into.
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.
Afrimat's Equity to Asset Ratio for the fiscal year that ended in Feb. 2026 is calculated as
* 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.
Afrimat (JSE:AFT) has a Equity-to-Asset of 0.45 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Afrimat and its competitors. This is 13% below median its historical median of 0.52. Over the past decade, Afrimat's Equity-to-Asset has ranged from 0.45 to 0.68. According to the industry distribution chart, Afrimat ranks #280 out of 413 companies in the Building Materials industry, placing it in the top 67.8%.
Is Afrimat's Equity-to-Asset too high?
Afrimat's current Equity-to-Asset of 0.45 is 13% below median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 0.68. The Building Materials industry median Equity-to-Asset is 0.55. Afrimat's value of 0.45 is 18.2% below this industry median. Based on the distribution chart, Afrimat ranks #280 out of 413 companies in the Building Materials industry, which is below the industry midpoint. Overall, Afrimat has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afrimat's Equity-to-Asset compare to CRH and MLM?
According to the Building Materials industry distribution chart, Afrimat ranks #280 out of 413 companies for Equity-to-Asset. This places Afrimat in the lower half of its industry. The industry median Equity-to-Asset is 0.55. Afrimat's value of 0.45 is 18.2% below this benchmark. Historically, Afrimat's own Equity-to-Asset has ranged from 0.45 to 0.68 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.55, Afrimat 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 Equity-to-Asset for a Building Materials company?
The median Equity-to-Asset among Building Materials companies is 0.55, based on 413 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. Afrimat's current Equity-to-Asset of 0.45 is 18.2% 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 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 Afrimat and its competitors. For the Building Materials industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afrimat's current Equity-to-Asset is 0.45, which is 13% below median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afrimat stock overvalued right now?
Based on GuruFocus' analysis, Afrimat (JSE:AFT) is currently considered Significantly Undervalued. The stock's GF Value™ is R99.39, compared to a current price of R26.76 — trading 73.1% below its estimated fair value. The current Equity-to-Asset is 0.45, which is 13% below median its 10-year median of 0.52 and 18.2% below the Building Materials industry median of 0.55. Afrimat's overall GF Score™ is 72/100 with 6 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 Afrimat (JSE:AFT), the current Equity-to-Asset is 0.45 as of Feb. 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 Afrimat (JSE:AFT) Overvalued in 2026?
Based on GuruFocus' analysis, Afrimat stock appears to be undervalued.
The current stock price of R26.76 is trading 73.1% below its estimated GF Value™ of R99.39.
GuruFocus considers Afrimat to be Significantly Undervalued.
Key valuation signals for JSE:AFT:
Equity-to-Asset: 0.45 (13% below median its 10-year median of 0.52)
GF Value™: R99.39 vs. price of R26.76 (73.1% below fair value)
Industry Position: 18.2% below the Building Materials median (#280 of 413)
No single metric tells the full story. See the JSE:AFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afrimat Ltd is a South Africa-based company. It has five segment Construction Materials, Industrial Minerals, Bulk Commodities, Future Materials and Metals, and Services. The company generates majority of revenue from Construction Materials comprises two distinct product segments: Aggregates and Cement. Aggregates include the sale of sand, gravel, crushed stone, and concrete-based products. Concrete-based products are produced using rock, sand, water, cement, and readymix concrete are typically used in various construction applications. The segment also includes the processing and sale of fly-ash, a by-product used to enhance concrete performance. Cement consists of the manufacturing and supply of cement. The Group views the entire southern African region as a single geographical area.
72GF Score
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