Bank of AfricaCAS:BOA +0.03%48 Return-on-Tangible-Asset is 0.90% as of Mar. 2026, which is 38% above its 10-year median of 0.65. GuruFocus rates CAS:BOA with a GF Score™ of 48/100 and a GF Value™ of MAD223.24 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,532 Banks companies, Bank of Africa ranks worse than 75.07% 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. Bank of Africa's annualizedNet Income for the quarter that ended in Mar. 2026 was MAD4,011 Mil. Bank of Africa's average total tangible assets for the quarter that ended in Mar. 2026 was MAD445,142 Mil. Therefore, Bank of Africa's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.90%.
The historical rank and industry rank for Bank of Africa's Return-on-Tangible-Asset or its related term are showing as below:
CAS:BOA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.65 Max: 0.89
Current: 0.54
During the past 13 years, Bank of Africa's highest Return-on-Tangible-Asset was 0.89%. The lowest was 0.23%. And the median was 0.65%.
CAS:BOA's Return-on-Tangible-Asset is ranked worse than 75.07% of 1532
companies
in the Banks industry
Industry Median: 0.99
vs CAS:BOA: 0.54
Bank of Africa (CAS:BOA) Return-on-Tangible-Asset Explanation
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.
Bank of Africa Return-on-Tangible-Asset Related Terms
Bank of Africa Return-on-Tangible-Asset Historical Data
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The historical data trend for Bank of Africa'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:BOA vs JPM, BAC, WFC: Return-on-Tangible-Asset Comparison
For the Banks - Diversified subindustry, Bank of Africa'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.
Bank of Africa Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Africa's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bank of Africa'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.90% mean?
Bank of Africa (CAS:BOA) has a Return-on-Tangible-Asset of 0.90% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bank of Africa and its competitors. This is 38% above median its historical median of 0.65. Over the past decade, Bank of Africa's Return-on-Tangible-Asset has ranged from 0.23 to 0.89. According to the industry distribution chart, Bank of Africa ranks #1150 out of 1532 companies in the Banks industry, placing it in the top 75.1%.
Is Bank of Africa's Return-on-Tangible-Asset too high?
Bank of Africa's current Return-on-Tangible-Asset of 0.90% is 38% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.89. The Banks industry median Return-on-Tangible-Asset is 0.99. Bank of Africa's value of 0.90% is 9.1% below this industry median. Based on the distribution chart, Bank of Africa ranks #1150 out of 1532 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank of Africa has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Africa's Return-on-Tangible-Asset compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Africa ranks #1150 out of 1532 companies for Return-on-Tangible-Asset. This places Bank of Africa in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Bank of Africa's value of 0.90% is 9.1% below this benchmark. Historically, Bank of Africa's own Return-on-Tangible-Asset has ranged from 0.23 to 0.89 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.99, Bank of Africa 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,532 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. Bank of Africa's current Return-on-Tangible-Asset of 0.90% is 9.1% 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 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 Bank of Africa and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Africa's current Return-on-Tangible-Asset is 0.90%, which is 38% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Africa stock overvalued right now?
Based on GuruFocus' analysis, Bank of Africa (CAS:BOA) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD223.24, compared to a current price of MAD193.55 — trading 13.3% below its estimated fair value. The current Return-on-Tangible-Asset is 0.90%, which is 38% above median its 10-year median of 0.65 and 9.1% below the Banks industry median of 0.99. Bank of Africa's overall GF Score™ is 48/100 with 2 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 Bank of Africa (CAS:BOA), the current Return-on-Tangible-Asset is 0.90% as of Mar. 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 Bank of Africa (CAS:BOA) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Africa stock appears to be undervalued.
The current stock price of MAD193.55 is trading 13.3% below its estimated GF Value™ of MAD223.24.
GuruFocus considers Bank of Africa to be Modestly Undervalued.
Key valuation signals for CAS:BOA:
Return-on-Tangible-Asset: 0.90% (38% above median its 10-year median of 0.65)
GF Value™: MAD223.24 vs. price of MAD193.55 (13.3% below fair value)
Industry Position: 9.1% below the Banks median (#1150 of 1532)
No single metric tells the full story. See the CAS:BOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Africa is a commercial bank operating in Morocco and multiple African countries, with additional offices in Europe, China, and Canada. It provides financial services to individuals, businesses, and public institutions, including banking, insurance, asset management, leasing, and investment services. Its offerings include accounts, cards, loans, and savings products. The bank operates through a network of subsidiaries and focuses on expanding its services to small and medium-sized enterprises and developing digital banking channels across its markets.
48GF Score
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