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. Auto Nejma's annualizedNet Income for the quarter that ended in Dec. 2025 was MAD354 Mil. Auto Nejma's average total tangible assets for the quarter that ended in Dec. 2025 was MAD3,517 Mil. Therefore, Auto Nejma's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 10.08%.
The historical rank and industry rank for Auto Nejma's Return-on-Tangible-Asset or its related term are showing as below:
CAS:NEJ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.75 Med: 9.46 Max: 12.62
Current: 9.93
During the past 13 years, Auto Nejma's highest Return-on-Tangible-Asset was 12.62%. The lowest was 5.75%. And the median was 9.46%.
CAS:NEJ's Return-on-Tangible-Asset is not ranked
in the Vehicles & Parts industry.
Industry Median: 3.115
vs CAS:NEJ: 9.93
Auto Nejma (CAS:NEJ) 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.
Auto Nejma Return-on-Tangible-Asset Related Terms
Auto Nejma Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Auto Nejma'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:NEJ vs CVNA, PAG, ALTB: Return-on-Tangible-Asset Comparison
For the Auto & Truck Dealerships subindustry, Auto Nejma'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.
Auto Nejma Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Nejma's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Auto Nejma'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 10.08% mean?
Auto Nejma (CAS:NEJ) has a Return-on-Tangible-Asset of 10.08% 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 Auto Nejma and its competitors. This is near median its historical median of 9.46. Over the past decade, Auto Nejma's Return-on-Tangible-Asset has ranged from 5.75 to 12.62.
Is Auto Nejma's Return-on-Tangible-Asset too high?
Auto Nejma's current Return-on-Tangible-Asset of 10.08% is near median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 5.75 to a high of 12.62. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.12. Auto Nejma's value of 10.08% is 223.6% above this industry median. Overall, Auto Nejma has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Auto Nejma's Return-on-Tangible-Asset compare to CVNA and PAG?
Auto Nejma's Return-on-Tangible-Asset of 10.08% can be compared against companies in the Vehicles & Parts industry. The industry median Return-on-Tangible-Asset is 3.12. Auto Nejma's value of 10.08% is 223.6% above this benchmark. Historically, Auto Nejma's own Return-on-Tangible-Asset has ranged from 5.75 to 12.62 over the past decade. While the company's 10-year median is 9.46 vs. the industry median of 3.12, Auto Nejma 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.12, based on 1,334 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. Auto Nejma's current Return-on-Tangible-Asset of 10.08% is 223.6% 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 Auto Nejma and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auto Nejma's current Return-on-Tangible-Asset is 10.08%, which is near median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Nejma stock overvalued right now?
Auto Nejma (CAS:NEJ) has a current Return-on-Tangible-Asset of 10.08%. The stock's GF Value™ is MAD3,975.06, compared to a current price of MAD4,834.00 — trading 21.6% above its estimated fair value. The current Return-on-Tangible-Asset is 10.08%, which is near median its 10-year median of 9.46 and 223.6% above the Vehicles & Parts industry median of 3.12. Auto Nejma's overall GF Score™ is 39/100 with 3 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 Auto Nejma (CAS:NEJ), the current Return-on-Tangible-Asset is 10.08% 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 Auto Nejma (CAS:NEJ) Overvalued in 2026?
Based on GuruFocus' analysis, Auto Nejma stock appears to be overvalued.
The current stock price of MAD4,834.00 is trading 21.6% above its estimated GF Value™ of MAD3,975.06.
Key valuation signals for CAS:NEJ:
Return-on-Tangible-Asset: 10.08% (near median its 10-year median of 9.46)
GF Value™: MAD3,975.06 vs. price of MAD4,834.00 (21.6% above fair value)
Industry Position: 223.6% above the Vehicles & Parts median
No single metric tells the full story. See the CAS:NEJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Auto Nejma is an automobile distributor in Morocco. The company imports and markets vehicles, spare parts, and car accessories. It represents the Mercedes-Benz private and commercial vehicle brands, SsangYong, and Mahindra in Morocco.
39GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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