AFMACAS:AFM 29 PS Ratio is 3.91 as of Jun. 30, 2026, which is 26% below its 10-year median of 5.26. 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 505 Insurance companies, AFMA ranks worse than 87.92% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, AFMA's share price is MAD1240.00.
AFMA's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was MAD317.12. Hence, AFMA's PS Ratio for today is 3.91.
Good Sign:
AFMA SA stock PS Ratio (=3.9) is close to 10-year low of 3.52.
The historical rank and industry rank for AFMA's PS Ratio or its related term are showing as below:
CAS:AFM'
s PS Ratio Range Over the Past 10 Years
Min: 3.52 Med: 5.26 Max: 6.69
Current: 3.91
During the past 11 years, AFMA's highest PS Ratio was 6.69. The lowest was 3.52. And the median was 5.26.
CAS:AFM's PS Ratio is ranked worse than 87.92% of 505
companies
in the Insurance industry
Industry Median: 1.15
vs CAS:AFM: 3.91
AFMA's Revenue per Sharefor the
six
months ended in Dec. 2025 was MAD139.62.
Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was MAD317.12.
During the past 12 months, the average Revenue per Share Growth Rate of AFMA was 11.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 9.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.90% per year.
During the past 11 years, AFMA's highest 3-Year average Revenue per Share Growth Rate was 9.30% per year. The lowest was 1.40% per year. And the median was 6.85% per year.
Back to Basics: PS Ratio
AFMA (CAS:AFM) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
AFMA PS Ratio Related Terms
AFMA PS Ratio Historical Data
* Premium members only.
The historical data trend for AFMA's PS Ratio 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 Insurance Brokers subindustry, AFMA's PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, AFMA's PS Ratio distribution charts can be found below:
* The bar in red indicates where AFMA's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
AFMA's Share Price of today is MAD1240.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. AFMA's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was MAD317.12.
* 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.
It can also be calculated from the numbers for the whole company:
AFMA (CAS:AFM) has a PS Ratio of 3.91 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on AFMA and its competitors. This is 26% below median its historical median of 5.26. Over the past decade, AFMA's PS Ratio has ranged from 3.52 to 6.69. According to the industry distribution chart, AFMA ranks #444 out of 505 companies in the Insurance industry, placing it in the top 87.9%.
Is AFMA's PS Ratio too high?
AFMA's current PS Ratio of 3.91 is 26% below median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 3.52 to a high of 6.69. The Insurance industry median PS Ratio is 1.15. AFMA's value of 3.91 is 240% above this industry median. Based on the distribution chart, AFMA ranks #444 out of 505 companies in the Insurance industry, which is in the bottom quartile relative to peers. 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 PS Ratio compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #444 out of 505 companies for PS Ratio. This places AFMA in the lower half of its industry. The industry median PS Ratio is 1.15. AFMA's value of 3.91 is 240% above this benchmark. Historically, AFMA's own PS Ratio has ranged from 3.52 to 6.69 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 1.15, AFMA 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 PS Ratio for an Insurance company?
The median PS Ratio among Insurance companies is 1.15, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFMA's current PS Ratio of 3.91 is 240% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on AFMA and its competitors. For the Insurance industry, the median PS Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current PS Ratio is 3.91, which is 26% below median its own 10-year median of 5.26. 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 PS Ratio is 3.91, which is 26% below median its 10-year median of 5.26 and 240% above the Insurance industry median of 1.15. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For AFMA (CAS:AFM), the current PS Ratio is 3.91 as of Jun. 30, 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 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:
PS Ratio: 3.91 (26% below median its 10-year median of 5.26)
GF Value™: MAD1,573.26 vs. price of MAD1,240.00 (21.2% below fair value)
Industry Position: 240% above the Insurance median (#444 of 505)
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 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
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