Ciments du MarocCAS:CMA +0.12%73 Return-on-Tangible-Asset is 24.99% as of Dec. 2025, which is 30% above its 10-year median of 19.29. GuruFocus rates CAS:CMA with a GF Score™ of 73/100 and a GF Value™ of MAD2,557.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 410 Building Materials companies, Ciments du Maroc ranks better than 97.07% 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. Ciments du Maroc's annualizedNet Income for the quarter that ended in Dec. 2025 was MAD1,553 Mil. Ciments du Maroc's average total tangible assets for the quarter that ended in Dec. 2025 was MAD6,214 Mil. Therefore, Ciments du Maroc's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 24.99%.
The historical rank and industry rank for Ciments du Maroc's Return-on-Tangible-Asset or its related term are showing as below:
CAS:CMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.95 Med: 19.29 Max: 26.11
Current: 24.65
During the past 13 years, Ciments du Maroc's highest Return-on-Tangible-Asset was 26.11%. The lowest was -1.95%. And the median was 19.29%.
CAS:CMA's Return-on-Tangible-Asset is ranked better than 97.07% of 410
companies
in the Building Materials industry
Industry Median: 2.345
vs CAS:CMA: 24.65
Ciments du Maroc (CAS:CMA) 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.
Ciments du Maroc Return-on-Tangible-Asset Related Terms
Ciments du Maroc Return-on-Tangible-Asset Historical Data
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The historical data trend for Ciments du Maroc'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:CMA vs CRH, VMC, MLM: Return-on-Tangible-Asset Comparison
For the Building Materials subindustry, Ciments du Maroc'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.
Ciments du Maroc Return-on-Tangible-Asset vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ciments du Maroc's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ciments du Maroc'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 24.99% mean?
Ciments du Maroc (CAS:CMA) has a Return-on-Tangible-Asset of 24.99% 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 Ciments du Maroc and its competitors. This is 30% above median its historical median of 19.29. According to the industry distribution chart, Ciments du Maroc ranks #12 out of 410 companies in the Building Materials industry, placing it in the top 2.9%.
Is Ciments du Maroc's Return-on-Tangible-Asset too high?
Ciments du Maroc's current Return-on-Tangible-Asset of 24.99% is 30% above median its 10-year median of 19.29. The Building Materials industry median Return-on-Tangible-Asset is 2.35. Ciments du Maroc's value of 24.99% is 965.7% above this industry median. Based on the distribution chart, Ciments du Maroc ranks #12 out of 410 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Ciments du Maroc has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ciments du Maroc's Return-on-Tangible-Asset compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ciments du Maroc ranks #12 out of 410 companies for Return-on-Tangible-Asset. This places Ciments du Maroc in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.35. Ciments du Maroc's value of 24.99% is 965.7% above this benchmark. While the company's 10-year median is 19.29 vs. the industry median of 2.35, Ciments du Maroc 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 Building Materials company?
The median Return-on-Tangible-Asset among Building Materials companies is 2.35, based on 410 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. Ciments du Maroc's current Return-on-Tangible-Asset of 24.99% is 965.7% 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 Ciments du Maroc and its competitors. For the Building Materials industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciments du Maroc's current Return-on-Tangible-Asset is 24.99%, which is 30% above median its own 10-year median of 19.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciments du Maroc stock overvalued right now?
Based on GuruFocus' analysis, Ciments du Maroc (CAS:CMA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD2,557.94, compared to a current price of MAD1,622.00 — trading 36.6% below its estimated fair value. The current Return-on-Tangible-Asset is 24.99%, which is 30% above median its 10-year median of 19.29 and 965.7% above the Building Materials industry median of 2.35. Ciments du Maroc's overall GF Score™ is 73/100 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 Ciments du Maroc (CAS:CMA), the current Return-on-Tangible-Asset is 24.99% 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 Ciments du Maroc (CAS:CMA) Overvalued in 2026?
Based on GuruFocus' analysis, Ciments du Maroc stock appears to be undervalued.
The current stock price of MAD1,622.00 is trading 36.6% below its estimated GF Value™ of MAD2,557.94.
GuruFocus considers Ciments du Maroc to be Significantly Undervalued.
Key valuation signals for CAS:CMA:
Return-on-Tangible-Asset: 24.99% (30% above median its 10-year median of 19.29)
GF Value™: MAD2,557.94 vs. price of MAD1,622.00 (36.6% below fair value)
Industry Position: 965.7% above the Building Materials median (#12 of 410)
No single metric tells the full story. See the CAS:CMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciments du Maroc SA is a cement producer in Morocco and acts as an operator in ready-mixed concrete and aggregates. The product line of the company includes cement, concrete ready-to-use, aggregates, and others. It also offers its customers a Technical Assistance service including maturometry, MBE (Equivalent Concrete Mortar) tests, cement slurry tests or quick identification of cement. The company operates MyCimar portal which allows customers to consult the movements of their activity with the company.
73GF Score
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