Alliances Developpement Immobilier (CAS:ADI) Return-on-Tangible-Equity: 11.57% (As of Dec. 2025) — 47% Above Median


CAS:ADI Alliances Developpement Immobilier SA CAS:ADI
65 GF Score
Price MAD390.00
GF Value MAD407.19
Valuation Fairly Valued
! 4 Warning Signs
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What is Alliances Developpement Immobilier Return-on-Tangible-Equity?

Alliances Developpement Immobilier CAS:ADI -2.50% 65 Return-on-Tangible-Equity is 11.57% as of Dec. 2025, which is 47% above its 10-year median of 7.88. GuruFocus rates CAS:ADI with a GF Score™ of 65/100 and a GF Value™ of MAD407.19 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,715 Real Estate companies, Alliances Developpement Immobilier ranks better than 77.67% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Alliances Developpement Immobilier's annualized net income for the quarter that ended in Dec. 2025 was MAD395 Mil. Alliances Developpement Immobilier's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MAD3,412 Mil. Therefore, Alliances Developpement Immobilier's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 11.57%.

The historical rank and industry rank for Alliances Developpement Immobilier's Return-on-Tangible-Equity or its related term are showing as below:

CAS:ADI' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -17.66   Med: 7.88   Max: 16.32
Current: 12.19

During the past 13 years, Alliances Developpement Immobilier's highest Return-on-Tangible-Equity was 16.32%. The lowest was -17.66%. And the median was 7.88%.

CAS:ADI's Return-on-Tangible-Equity is ranked better than
77.67% of 1715 companies
in the Real Estate industry
Industry Median: 4.2 vs CAS:ADI: 12.19

Alliances Developpement Immobilier  (CAS:ADI) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Alliances Developpement Immobilier Return-on-Tangible-Equity Related Terms


Alliances Developpement Immobilier Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Alliances Developpement Immobilier's Return-on-Tangible-Equity 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.

Alliances Developpement Immobilier Return-on-Tangible-Equity Chart

Alliances Developpement Immobilier Annual Data
Trend Dec13 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.97 7.13 8.62 9.86 12.11

Alliances Developpement Immobilier Semi-Annual Data
Jun15 Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.38 11.05 8.79 12.93 11.57

Alliances Developpement Immobilier Return-on-Tangible-Equity Competitor Comparison

For the Real Estate - Diversified subindustry, Alliances Developpement Immobilier's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Alliances Developpement Immobilier Return-on-Tangible-Equity vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Alliances Developpement Immobilier's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Alliances Developpement Immobilier's Return-on-Tangible-Equity falls into.


CAS:ADI
65GF Score
Alliances Developpement Immobilier SA CAS:ADI
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alliances Developpement Immobilier Return-on-Tangible-Equity Calculation

Alliances Developpement Immobilier's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=407.601/( (3207.234+3524.305 )/ 2 )
=407.601/3365.7695
=12.11 %

Alliances Developpement Immobilier's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=394.658/( (3300.172+3524.305)/ 2 )
=394.658/3412.2385
=11.57 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 11.57% mean?
Alliances Developpement Immobilier (CAS:ADI) has a Return-on-Tangible-Equity of 11.57% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Alliances Developpement Immobilier and its competitors. This is 47% above median its historical median of 7.88. According to the industry distribution chart, Alliances Developpement Immobilier ranks #383 out of 1715 companies in the Real Estate industry, placing it in the top 22.3%.
Is Alliances Developpement Immobilier's Return-on-Tangible-Equity too high?
Alliances Developpement Immobilier's current Return-on-Tangible-Equity of 11.57% is 47% above median its 10-year median of 7.88. The Real Estate industry median Return-on-Tangible-Equity is 4.20. Alliances Developpement Immobilier's value of 11.57% is 175.5% above this industry median. Based on the distribution chart, Alliances Developpement Immobilier ranks #383 out of 1715 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Alliances Developpement Immobilier has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alliances Developpement Immobilier's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Alliances Developpement Immobilier ranks #383 out of 1715 companies for Return-on-Tangible-Equity. This places Alliances Developpement Immobilier in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.20. Alliances Developpement Immobilier's value of 11.57% is 175.5% above this benchmark. While the company's 10-year median is 7.88 vs. the industry median of 4.20, Alliances Developpement Immobilier 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-Equity for a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.20, based on 1,715 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alliances Developpement Immobilier's current Return-on-Tangible-Equity of 11.57% is 175.5% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Alliances Developpement Immobilier and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliances Developpement Immobilier's current Return-on-Tangible-Equity is 11.57%, which is 47% above median its own 10-year median of 7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliances Developpement Immobilier stock overvalued right now?
Based on GuruFocus' analysis, Alliances Developpement Immobilier (CAS:ADI) is currently considered Fairly Valued. The stock's GF Value™ is MAD407.19, compared to a current price of MAD390.00 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 11.57%, which is 47% above median its 10-year median of 7.88 and 175.5% above the Real Estate industry median of 4.20. Alliances Developpement Immobilier's overall GF Score™ is 65/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Alliances Developpement Immobilier (CAS:ADI), the current Return-on-Tangible-Equity is 11.57% 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 Alliances Developpement Immobilier (CAS:ADI) Overvalued in 2026?

Based on GuruFocus' analysis, Alliances Developpement Immobilier stock appears to be undervalued. The current stock price of MAD390.00 is trading 4.2% below its estimated GF Value™ of MAD407.19. GuruFocus considers Alliances Developpement Immobilier to be Fairly Valued.

Key valuation signals for CAS:ADI:

  • Return-on-Tangible-Equity: 11.57% (47% above median its 10-year median of 7.88)
  • GF Value™: MAD407.19 vs. price of MAD390.00 (4.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 175.5% above the Real Estate median (#383 of 1715)

No single metric tells the full story. See the CAS:ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alliances Developpement Immobilier Business Description

Address 16, Rue Ali Abderrazak, Casablanca, MAR
Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.
65GF Score

Get the complete analysis for CAS:ADI

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD390.00
Price
MAD407.19
GF Value