Afine InvestmentsJSE:ANI 62 ROA % is 8.90% as of Feb. 2026, which is 46% below its 10-year median of 16.36. GuruFocus rates JSE:ANI with a GF Score™ of 62/100 and a GF Value™ of R4.94 (Fairly Valued). The stock has 4 warning signs investors should review. Among 938 REITs companies, Afine Investments ranks better than 82.84% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Afine Investments's annualizedNet Income for the quarter that ended in Feb. 2026 was R39.96 Mil.
Afine Investments's average Total Assets over the quarter that ended in Feb. 2026 was R448.80 Mil. Therefore, Afine Investments's annualized ROA % for the quarter that ended in Feb. 2026 was 8.90%.
The historical rank and industry rank for Afine Investments's ROA % or its related term are showing as below:
JSE:ANI'
s ROA % Range Over the Past 10 Years
Min: 7.34 Med: 16.36 Max: 140.77
Current: 8.7
During the past 6 years, Afine Investments's highest ROA % was 140.77%. The lowest was 7.34%. And the median was 16.36%.
JSE:ANI's ROA % is ranked better than 82.84% of 938
companies
in the REITs industry
Industry Median: 3.22
vs JSE:ANI: 8.70
Afine Investments (JSE:ANI) 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 (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 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.
Afine Investments ROA % Related Terms
Afine Investments ROA % Historical Data
* Premium members only.
The historical data trend for Afine Investments'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 REIT - Specialty subindustry, Afine Investments'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.
Afine Investments ROA % vs REITs Industry
For the REITs industry and Real Estate sector, Afine Investments's ROA % distribution charts can be found below:
* The bar in red indicates where Afine Investments'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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Afine Investments (JSE:ANI) has a ROA % of 8.90% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Afine Investments and its competitors. This is 46% below median its historical median of 16.36. Over the past decade, Afine Investments' ROA % has ranged from 7.34 to 140.77. According to the industry distribution chart, Afine Investments ranks #161 out of 938 companies in the REITs industry, placing it in the top 17.2%.
Is Afine Investments' ROA % too high?
Afine Investments' current ROA % of 8.90% is 46% below median its 10-year median of 16.36. Over the past 10 years, this metric has ranged from a low of 7.34 to a high of 140.77. The REITs industry median ROA % is 3.22. Afine Investments' value of 8.90% is 176.4% above this industry median. Based on the distribution chart, Afine Investments ranks #161 out of 938 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Afine Investments has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afine Investments' ROA % compare to EQIX and AMT?
According to the REITs industry distribution chart, Afine Investments ranks #161 out of 938 companies for ROA %. This places Afine Investments in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 3.22. Afine Investments' value of 8.90% is 176.4% above this benchmark. Historically, Afine Investments' own ROA % has ranged from 7.34 to 140.77 over the past decade. While the company's 10-year median is 16.36 vs. the industry median of 3.22, Afine Investments 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 REITs company?
The median ROA % among REITs companies is 3.22, based on 938 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. Afine Investments's current ROA % of 8.90% is 176.4% 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 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 Afine Investments and its competitors. For the REITs industry, the median ROA % is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afine Investments's current ROA % is 8.90%, which is 46% below median its own 10-year median of 16.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afine Investments stock overvalued right now?
Based on GuruFocus' analysis, Afine Investments (JSE:ANI) is currently considered Fairly Valued. The stock's GF Value™ is R4.94, compared to a current price of R5.00 — trading 1.2% above its estimated fair value. The current ROA % is 8.90%, which is 46% below median its 10-year median of 16.36 and 176.4% above the REITs industry median of 3.22. Afine Investments' overall GF Score™ is 62/100 with 4 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 Afine Investments (JSE:ANI), the current ROA % is 8.90% as of Feb. 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 Afine Investments (JSE:ANI) Overvalued in 2026?
Based on GuruFocus' analysis, Afine Investments stock appears to be overvalued.
The current stock price of R5.00 is trading 1.2% above its estimated GF Value™ of R4.94.
GuruFocus considers Afine Investments to be Fairly Valued.
Key valuation signals for JSE:ANI:
ROA %: 8.90% (46% below median its 10-year median of 16.36)
GF Value™: R4.94 vs. price of R5.00 (1.2% above fair value)
Industry Position: 176.4% above the REITs median (#161 of 938)
No single metric tells the full story. See the JSE:ANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afine Investments Ltd is a specialized commercial real estate. It holds a portfolio of income-generating immovable properties focused mainly on the petroleum sector. geographically company operates in Gauteng and North-West, Mpumalanga, and Western Cape Segment. Out of these geographical segments, the majority of revenue is generated from Gauteng and North-West.
62GF Score
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