Bank of AfricaCAS:BOA -1.15%45 Return-on-Tangible-Equity is 13.62% as of Mar. 2026, which is 22% above its 10-year median of 11.15. GuruFocus rates CAS:BOA with a GF Score™ of 45/100 and a GF Value™ of MAD222.83 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,523 Banks companies, Bank of Africa ranks worse than 67.63% 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. Bank of Africa's annualized net income for the quarter that ended in Mar. 2026 was MAD4,011 Mil. Bank of Africa's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MAD29,448 Mil. Therefore, Bank of Africa's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.62%.
The historical rank and industry rank for Bank of Africa's Return-on-Tangible-Equity or its related term are showing as below:
CAS:BOA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.64 Med: 11.15 Max: 13.73
Current: 8.21
During the past 13 years, Bank of Africa's highest Return-on-Tangible-Equity was 13.73%. The lowest was 3.64%. And the median was 11.15%.
CAS:BOA's Return-on-Tangible-Equity is ranked worse than 67.63% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs CAS:BOA: 8.21
Bank of Africa (CAS:BOA) 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.
Bank of Africa Return-on-Tangible-Equity Related Terms
Bank of Africa Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bank of Africa'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.
CAS:BOA vs JPM, BAC, WFC: Return-on-Tangible-Equity Comparison
For the Banks - Diversified subindustry, Bank of Africa'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.
Bank of Africa Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Africa's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bank of Africa's Return-on-Tangible-Equity 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-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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.62% mean?
Bank of Africa (CAS:BOA) has a Return-on-Tangible-Equity of 13.62% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bank of Africa and its competitors. This is 22% above median its historical median of 11.15. Over the past decade, Bank of Africa's Return-on-Tangible-Equity has ranged from 3.64 to 13.73. According to the industry distribution chart, Bank of Africa ranks #1030 out of 1523 companies in the Banks industry, placing it in the top 67.6%.
Is Bank of Africa's Return-on-Tangible-Equity too high?
Bank of Africa's current Return-on-Tangible-Equity of 13.62% is 22% above median its 10-year median of 11.15. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 13.73. The Banks industry median Return-on-Tangible-Equity is 11.20. Bank of Africa's value of 13.62% is 21.6% above this industry median. Based on the distribution chart, Bank of Africa ranks #1030 out of 1523 companies in the Banks industry, which is below the industry midpoint. Overall, Bank of Africa has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Africa's Return-on-Tangible-Equity compare to JPM and BAC?
According to the Banks industry distribution chart, Bank of Africa ranks #1030 out of 1523 companies for Return-on-Tangible-Equity. This places Bank of Africa in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.20. Bank of Africa's value of 13.62% is 21.6% above this benchmark. Historically, Bank of Africa's own Return-on-Tangible-Equity has ranged from 3.64 to 13.73 over the past decade. While the company's 10-year median is 11.15 vs. the industry median of 11.20, Bank of Africa 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 Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 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. Bank of Africa's current Return-on-Tangible-Equity of 13.62% is 21.6% 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-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 Bank of Africa and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — 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-Equity is 13.62%, which is 22% above median its own 10-year median of 11.15. 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 MAD222.83, compared to a current price of MAD194.00 — trading 12.9% below its estimated fair value. The current Return-on-Tangible-Equity is 13.62%, which is 22% above median its 10-year median of 11.15 and 21.6% above the Banks industry median of 11.20. Bank of Africa's overall GF Score™ is 45/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Bank of Africa (CAS:BOA), the current Return-on-Tangible-Equity is 13.62% 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 MAD194.00 is trading 12.9% below its estimated GF Value™ of MAD222.83.
GuruFocus considers Bank of Africa to be Modestly Undervalued.
Key valuation signals for CAS:BOA:
Return-on-Tangible-Equity: 13.62% (22% above median its 10-year median of 11.15)
GF Value™: MAD222.83 vs. price of MAD194.00 (12.9% below fair value)
Industry Position: 21.6% above the Banks median (#1030 of 1523)
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.
45GF Score
Get the complete analysis for CAS:BOA
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