Maroc TelecomCAS:IAM 78 Return-on-Tangible-Asset is 10.74% as of Dec. 2025, which is 11% below its 10-year median of 12.02. GuruFocus rates CAS:IAM with a GF Score™ of 78/100 and a GF Value™ of MAD99.40 (Fairly Valued). The stock has 4 warning signs investors should review. Among 366 Telecommunication Services companies, Maroc Telecom ranks better than 88.25% 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. Maroc Telecom's annualizedNet Income for the quarter that ended in Dec. 2025 was MAD5,702 Mil. Maroc Telecom's average total tangible assets for the quarter that ended in Dec. 2025 was MAD53,087 Mil. Therefore, Maroc Telecom's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.74%.
The historical rank and industry rank for Maroc Telecom's Return-on-Tangible-Asset or its related term are showing as below:
CAS:IAM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.6 Med: 12.02 Max: 13.29
Current: 13.29
During the past 13 years, Maroc Telecom's highest Return-on-Tangible-Asset was 13.29%. The lowest was 3.60%. And the median was 12.02%.
CAS:IAM's Return-on-Tangible-Asset is ranked better than 88.25% of 366
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs CAS:IAM: 13.29
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.
Maroc Telecom Return-on-Tangible-Asset Related Terms
Maroc Telecom Return-on-Tangible-Asset Historical Data
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The historical data trend for Maroc Telecom'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:IAM vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Maroc Telecom'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.
Maroc Telecom Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maroc Telecom'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 10.74% mean?
Maroc Telecom (CAS:IAM) has a Return-on-Tangible-Asset of 10.74% 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 Maroc Telecom and its competitors. This is 11% below median its historical median of 12.02. Over the past decade, Maroc Telecom's Return-on-Tangible-Asset has ranged from 3.60 to 13.29. According to the industry distribution chart, Maroc Telecom ranks #43 out of 366 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is Maroc Telecom's Return-on-Tangible-Asset too high?
Maroc Telecom's current Return-on-Tangible-Asset of 10.74% is 11% below median its 10-year median of 12.02. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 13.29. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. Maroc Telecom's value of 10.74% is 213.1% above this industry median. Based on the distribution chart, Maroc Telecom ranks #43 out of 366 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maroc Telecom has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Maroc Telecom ranks #43 out of 366 companies for Return-on-Tangible-Asset. This places Maroc Telecom in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.43. Maroc Telecom's value of 10.74% is 213.1% above this benchmark. Historically, Maroc Telecom's own Return-on-Tangible-Asset has ranged from 3.60 to 13.29 over the past decade. While the company's 10-year median is 12.02 vs. the industry median of 3.43, Maroc Telecom 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 366 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. Maroc Telecom's current Return-on-Tangible-Asset of 10.74% is 213.1% 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 Maroc Telecom and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maroc Telecom's current Return-on-Tangible-Asset is 10.74%, which is 11% below median its own 10-year median of 12.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.40, compared to a current price of MAD92.00 — trading 7.4% below its estimated fair value. The current Return-on-Tangible-Asset is 10.74%, which is 11% below median its 10-year median of 12.02 and 213.1% above the Telecommunication Services industry median of 3.43. Maroc Telecom's overall GF Score™ is 78/100 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 Maroc Telecom (CAS:IAM), the current Return-on-Tangible-Asset is 10.74% 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 Maroc Telecom (CAS:IAM) Overvalued in 2026?
Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued.
The current stock price of MAD92.00 is trading 7.4% below its estimated GF Value™ of MAD99.40.
GuruFocus considers Maroc Telecom to be Fairly Valued.
Key valuation signals for CAS:IAM:
Return-on-Tangible-Asset: 10.74% (11% below median its 10-year median of 12.02)
GF Value™: MAD99.40 vs. price of MAD92.00 (7.4% below fair value)
Industry Position: 213.1% above the Telecommunication Services median (#43 of 366)
No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
78GF Score
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