Airtel AfricaAAFRF +5.10%55 ROA % is 5.81% as of Mar. 2026, which is 56% above its 10-year median of 3.73. GuruFocus rates AAFRF with a GF Score™ of 55/100. The stock has 3 warning signs investors should review. Among 372 Telecommunication Services companies, Airtel Africa ranks better than 67.74% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Airtel Africa's annualizedNet Income for the quarter that ended in Mar. 2026 was $796 Mil.
Airtel Africa's average Total Assets over the quarter that ended in Mar. 2026 was $13,702 Mil. Therefore, Airtel Africa's annualized ROA % for the quarter that ended in Mar. 2026 was 5.81%.
The historical rank and industry rank for Airtel Africa's ROA % or its related term are showing as below:
AAFRF'
s ROA % Range Over the Past 10 Years
Min: -7.32 Med: 3.73 Max: 6.4
Current: 5.21
During the past 10 years, Airtel Africa's highest ROA % was 6.40%. The lowest was -7.32%. And the median was 3.73%.
AAFRF's ROA % is ranked better than 67.74% of 372
companies
in the Telecommunication Services industry
Industry Median: 2.745
vs AAFRF: 5.21
Airtel Africa (OTCPK:AAFRF) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Airtel Africa ROA % Related Terms
Airtel Africa ROA % Historical Data
* Premium members only.
The historical data trend for Airtel Africa's ROA % 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.
For the Telecom Services subindustry, Airtel Africa's ROA %, along with its competitors' market caps and ROA % 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.
Airtel Africa ROA % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Airtel Africa's ROA % distribution charts can be found below:
* The bar in red indicates where Airtel Africa's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Airtel Africa (AAFRF) has a ROA % of 5.81% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Airtel Africa and its competitors. This is 56% above median its historical median of 3.73. According to the industry distribution chart, Airtel Africa ranks #120 out of 372 companies in the Telecommunication Services industry, placing it in the top 32.3%.
Is Airtel Africa's ROA % too high?
Airtel Africa's current ROA % of 5.81% is 56% above median its 10-year median of 3.73. The Telecommunication Services industry median ROA % is 2.75. Airtel Africa's value of 5.81% is 111.7% above this industry median. Based on the distribution chart, Airtel Africa ranks #120 out of 372 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Airtel Africa has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's ROA % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Airtel Africa ranks #120 out of 372 companies for ROA %. This puts Airtel Africa in the upper half of its industry. The industry median ROA % is 2.75. Airtel Africa's value of 5.81% is 111.7% above this benchmark. While the company's 10-year median is 3.73 vs. the industry median of 2.75, Airtel 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 ROA % for a Telecommunication Services company?
The median ROA % among Telecommunication Services companies is 2.75, based on 372 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airtel Africa's current ROA % of 5.81% is 111.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Airtel Africa and its competitors. For the Telecommunication Services industry, the median ROA % is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current ROA % is 5.81%, which is 56% above median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Airtel Africa (AAFRF) has a current ROA % of 5.81%. The current ROA % is 5.81%, which is 56% above median its 10-year median of 3.73 and 111.7% above the Telecommunication Services industry median of 2.75. Airtel Africa's overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Airtel Africa (AAFRF), the current ROA % is 5.81% 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.
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
55GF Score
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