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BOC KenyaNAI:BOC +0.44%72 Return-on-Tangible-Equity is 15.18% as of Dec. 2025, which is 114% above its 10-year median of 7.11. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,568 Chemicals companies, BOC Kenya ranks better than 82.72% 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. BOC Kenya's annualized net income for the quarter that ended in Dec. 2025 was KES314 Mil. BOC Kenya's average shareholder tangible equity for the quarter that ended in Dec. 2025 was KES2,069 Mil. Therefore, BOC Kenya's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.18%.
The historical rank and industry rank for BOC Kenya's Return-on-Tangible-Equity or its related term are showing as below:
NAI:BOC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.39 Med: 7.11 Max: 15.18
Current: 15.18
During the past 13 years, BOC Kenya's highest Return-on-Tangible-Equity was 15.18%. The lowest was 2.39%. And the median was 7.11%.
NAI:BOC's Return-on-Tangible-Equity is ranked better than 82.72% of 1568
companies
in the Chemicals industry
Industry Median: 5.785
vs NAI:BOC: 15.18
BOC Kenya (NAI:BOC) 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.
BOC Kenya Return-on-Tangible-Equity Related Terms
BOC Kenya Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for BOC Kenya'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.
NAI:BOC vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, BOC Kenya'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.
BOC Kenya Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, BOC Kenya's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where BOC Kenya'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 one times the 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 15.18% mean?
BOC Kenya (NAI:BOC) has a Return-on-Tangible-Equity of 15.18% 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 BOC Kenya and its competitors. This is 114% above median its historical median of 7.11. Over the past decade, BOC Kenya's Return-on-Tangible-Equity has ranged from 2.39 to 15.18. According to the industry distribution chart, BOC Kenya ranks #271 out of 1568 companies in the Chemicals industry, placing it in the top 17.3%.
Is BOC Kenya's Return-on-Tangible-Equity too high?
BOC Kenya's current Return-on-Tangible-Equity of 15.18% is 114% above median its 10-year median of 7.11. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 15.18. The Chemicals industry median Return-on-Tangible-Equity is 5.79. BOC Kenya's value of 15.18% is 162.4% above this industry median. Based on the distribution chart, BOC Kenya ranks #271 out of 1568 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #271 out of 1568 companies for Return-on-Tangible-Equity. This places BOC Kenya in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.79. BOC Kenya's value of 15.18% is 162.4% above this benchmark. Historically, BOC Kenya's own Return-on-Tangible-Equity has ranged from 2.39 to 15.18 over the past decade. While the company's 10-year median is 7.11 vs. the industry median of 5.79, BOC Kenya 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.79, based on 1,568 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. BOC Kenya's current Return-on-Tangible-Equity of 15.18% is 162.4% 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 BOC Kenya and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current Return-on-Tangible-Equity is 15.18%, which is 114% above median its own 10-year median of 7.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current Return-on-Tangible-Equity is 15.18%, which is 114% above median its 10-year median of 7.11 and 162.4% above the Chemicals industry median of 5.79. BOC Kenya's overall GF Score™ is 72/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For BOC Kenya (NAI:BOC), the current Return-on-Tangible-Equity is 15.18% 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 BOC Kenya (NAI:BOC) Overvalued in 2026?
Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued.
The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18.
GuruFocus considers BOC Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BOC:
Return-on-Tangible-Equity: 15.18% (114% above median its 10-year median of 7.11)
GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
Industry Position: 162.4% above the Chemicals median (#271 of 1568)
No single metric tells the full story. See the NAI:BOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score
Get the complete analysis for NAI:BOC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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