Afriquia GazCAS:GAZ +1.30%81 Return-on-Tangible-Equity is 29.75% as of Dec. 2025, which is 2% above its 10-year median of 29.05. GuruFocus rates CAS:GAZ with a GF Score™ of 81/100 and a GF Value™ of MAD4,375.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 944 Oil & Gas companies, Afriquia Gaz ranks better than 86.33% 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. Afriquia Gaz's annualized net income for the quarter that ended in Dec. 2025 was MAD764 Mil. Afriquia Gaz's average shareholder tangible equity for the quarter that ended in Dec. 2025 was MAD2,569 Mil. Therefore, Afriquia Gaz's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 29.75%.
The historical rank and industry rank for Afriquia Gaz's Return-on-Tangible-Equity or its related term are showing as below:
CAS:GAZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.91 Med: 29.05 Max: 33.92
Current: 29.05
During the past 13 years, Afriquia Gaz's highest Return-on-Tangible-Equity was 33.92%. The lowest was 15.91%. And the median was 29.05%.
CAS:GAZ's Return-on-Tangible-Equity is ranked better than 86.33% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs CAS:GAZ: 29.05
Afriquia Gaz (CAS:GAZ) 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.
Afriquia Gaz Return-on-Tangible-Equity Related Terms
Afriquia Gaz Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Afriquia Gaz'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:GAZ vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz'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.
Afriquia Gaz Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Afriquia Gaz's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Afriquia Gaz'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 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 29.75% mean?
Afriquia Gaz (CAS:GAZ) has a Return-on-Tangible-Equity of 29.75% 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 Afriquia Gaz and its competitors. This is near median its historical median of 29.05. Over the past decade, Afriquia Gaz's Return-on-Tangible-Equity has ranged from 15.91 to 33.92. According to the industry distribution chart, Afriquia Gaz ranks #129 out of 944 companies in the Oil & Gas industry, placing it in the top 13.7%.
Is Afriquia Gaz's Return-on-Tangible-Equity too high?
Afriquia Gaz's current Return-on-Tangible-Equity of 29.75% is near median its 10-year median of 29.05. Over the past 10 years, this metric has ranged from a low of 15.91 to a high of 33.92. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. Afriquia Gaz's value of 29.75% is 342.1% above this industry median. Based on the distribution chart, Afriquia Gaz ranks #129 out of 944 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Afriquia Gaz has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afriquia Gaz's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Afriquia Gaz ranks #129 out of 944 companies for Return-on-Tangible-Equity. This places Afriquia Gaz in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. Afriquia Gaz's value of 29.75% is 342.1% above this benchmark. Historically, Afriquia Gaz's own Return-on-Tangible-Equity has ranged from 15.91 to 33.92 over the past decade. While the company's 10-year median is 29.05 vs. the industry median of 6.73, Afriquia Gaz 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 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. Afriquia Gaz's current Return-on-Tangible-Equity of 29.75% is 342.1% 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-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 Afriquia Gaz and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afriquia Gaz's current Return-on-Tangible-Equity is 29.75%, which is near median its own 10-year median of 29.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afriquia Gaz stock overvalued right now?
Based on GuruFocus' analysis, Afriquia Gaz (CAS:GAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD4,375.36, compared to a current price of MAD3,749.00 — trading 14.3% below its estimated fair value. The current Return-on-Tangible-Equity is 29.75%, which is near median its 10-year median of 29.05 and 342.1% above the Oil & Gas industry median of 6.73. Afriquia Gaz's overall GF Score™ is 81/100 with 5 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 Afriquia Gaz (CAS:GAZ), the current Return-on-Tangible-Equity is 29.75% 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 Afriquia Gaz (CAS:GAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Afriquia Gaz stock appears to be undervalued.
The current stock price of MAD3,749.00 is trading 14.3% below its estimated GF Value™ of MAD4,375.36.
GuruFocus considers Afriquia Gaz to be Modestly Undervalued.
Key valuation signals for CAS:GAZ:
Return-on-Tangible-Equity: 29.75% (near median its 10-year median of 29.05)
GF Value™: MAD4,375.36 vs. price of MAD3,749.00 (14.3% below fair value)
Industry Position: 342.1% above the Oil & Gas median (#129 of 944)
No single metric tells the full story. See the CAS:GAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.
81GF Score
Get the complete analysis for CAS:GAZ
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CAS:GAZ has been successfully added to your 
