Afric IndustriesCAS:AFI 69 Return-on-Tangible-Asset is 16.06% as of Dec. 2025, which is 19% above its 10-year median of 13.53. GuruFocus rates CAS:AFI with a GF Score™ of 69/100 and a GF Value™ of MAD339.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,608 Chemicals companies, Afric Industries ranks better than 93.84% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Afric Industries's annualizedNet Income for the quarter that ended in Dec. 2025 was MAD8.72 Mil. Afric Industries's average total tangible assets for the quarter that ended in Dec. 2025 was MAD54.28 Mil. Therefore, Afric Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 16.06%.
The historical rank and industry rank for Afric Industries's Return-on-Tangible-Asset or its related term are showing as below:
CAS:AFI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.52 Med: 13.53 Max: 18.97
Current: 13.79
During the past 10 years, Afric Industries's highest Return-on-Tangible-Asset was 18.97%. The lowest was 8.52%. And the median was 13.53%.
CAS:AFI's Return-on-Tangible-Asset is ranked better than 93.84% of 1608
companies
in the Chemicals industry
Industry Median: 3.05
vs CAS:AFI: 13.79
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Afric Industries Return-on-Tangible-Asset Related Terms
Afric Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for Afric Industries's Return-on-Tangible-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.
CAS:AFI vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Afric Industries's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Afric Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Afric Industries's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible 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.
What does a Return-on-Tangible-Asset of 16.06% mean?
Afric Industries (CAS:AFI) has a Return-on-Tangible-Asset of 16.06% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Afric Industries and its competitors. This is 19% above median its historical median of 13.53. Over the past decade, Afric Industries' Return-on-Tangible-Asset has ranged from 8.52 to 18.97. According to the industry distribution chart, Afric Industries ranks #99 out of 1608 companies in the Chemicals industry, placing it in the top 6.2%.
Is Afric Industries' Return-on-Tangible-Asset too high?
Afric Industries' current Return-on-Tangible-Asset of 16.06% is 19% above median its 10-year median of 13.53. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 18.97. The Chemicals industry median Return-on-Tangible-Asset is 3.05. Afric Industries' value of 16.06% is 426.6% above this industry median. Based on the distribution chart, Afric Industries ranks #99 out of 1608 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 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afric Industries' Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #99 out of 1608 companies for Return-on-Tangible-Asset. This places Afric Industries in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Afric Industries' value of 16.06% is 426.6% above this benchmark. Historically, Afric Industries' own Return-on-Tangible-Asset has ranged from 8.52 to 18.97 over the past decade. While the company's 10-year median is 13.53 vs. the industry median of 3.05, 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 Return-on-Tangible-Asset for a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.05, based on 1,608 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afric Industries's current Return-on-Tangible-Asset of 16.06% is 426.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Afric Industries and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current Return-on-Tangible-Asset is 16.06%, which is 19% above median its own 10-year median of 13.53. 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 MAD339.18, compared to a current price of MAD323.00 — trading 4.8% below its estimated fair value. The current Return-on-Tangible-Asset is 16.06%, which is 19% above median its 10-year median of 13.53 and 426.6% above the Chemicals industry median of 3.05. Afric Industries' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Afric Industries (CAS:AFI), the current Return-on-Tangible-Asset is 16.06% 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 MAD323.00 is trading 4.8% below its estimated GF Value™ of MAD339.18.
GuruFocus considers Afric Industries to be Fairly Valued.
Key valuation signals for CAS:AFI:
Return-on-Tangible-Asset: 16.06% (19% above median its 10-year median of 13.53)
GF Value™: MAD339.18 vs. price of MAD323.00 (4.8% below fair value)
Industry Position: 426.6% above the Chemicals median (#99 of 1608)
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 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.
69GF Score
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