West African ResourcesFRA:W25 -3.01%97 ROA % is 23.19% as of Dec. 2025, which is 66% above its 10-year median of 14.00. GuruFocus rates FRA:W25 with a GF Score™ of 97/100 and a GF Value™ of €1.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,662 Metals & Mining companies, West African Resources ranks better than 94.59% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. West African Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was €327.0 Mil.
West African Resources's average Total Assets over the quarter that ended in Dec. 2025 was €1,410.1 Mil. Therefore, West African Resources's annualized ROA % for the quarter that ended in Dec. 2025 was 23.19%.
The historical rank and industry rank for West African Resources's ROA % or its related term are showing as below:
FRA:W25'
s ROA % Range Over the Past 10 Years
Min: -228.93 Med: 14 Max: 28.31
Current: 20.44
During the past 13 years, West African Resources's highest ROA % was 28.31%. The lowest was -228.93%. And the median was 14.00%.
FRA:W25's ROA % is ranked better than 94.59% of 2662
companies
in the Metals & Mining industry
Industry Median: -16.81
vs FRA:W25: 20.44
West African Resources (FRA:W25) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
* 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 Gold subindustry, West African Resources'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.
West African Resources ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West African Resources's ROA % distribution charts can be found below:
* The bar in red indicates where West African Resources'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
West African Resources (FRA:W25) has a ROA % of 23.19% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on West African Resources and its competitors. This is 66% above median its historical median of 14.00. According to the industry distribution chart, West African Resources ranks #144 out of 2662 companies in the Metals & Mining industry, placing it in the top 5.4%.
Is West African Resources' ROA % too high?
West African Resources' current ROA % of 23.19% is 66% above median its 10-year median of 14.00. Based on the distribution chart, West African Resources ranks #144 out of 2662 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, West African Resources has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' ROA % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #144 out of 2662 companies for ROA %. This places West African Resources in the top 5% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 West African Resources and its competitors. West African Resources's current ROA % is 23.19%, which is 66% above median its own 10-year median of 14.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (FRA:W25) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.95, compared to a current price of €1.64 — trading 15.8% below its estimated fair value. The current ROA % is 23.19%, which is 66% above median its 10-year median of 14.00. West African Resources' overall GF Score™ is 97/100 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 West African Resources (FRA:W25), the current ROA % is 23.19% 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 West African Resources (FRA:W25) Overvalued in 2026?
Based on GuruFocus' analysis, West African Resources stock appears to be undervalued.
The current stock price of €1.64 is trading 15.8% below its estimated GF Value™ of €1.95.
GuruFocus considers West African Resources to be Modestly Undervalued.
Key valuation signals for FRA:W25:
ROA %: 23.19% (66% above median its 10-year median of 14.00)
GF Value™: €1.95 vs. price of €1.64 (15.8% below fair value)
No single metric tells the full story. See the FRA:W25 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
97GF Score
Get the complete analysis for FRA:W25
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:W25 has been successfully added to your 
