Aspen Pharmacare HoldingsJSE:APN +0.66%73 ROA % is 2.23% as of Dec. 2025, which is 49% below its 10-year median of 4.36. GuruFocus rates JSE:APN with a GF Score™ of 73/100 and a GF Value™ of R178.17 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 1,003 Drug Manufacturers companies, Aspen Pharmacare Holdings ranks worse than 67.6% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Aspen Pharmacare Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was R2,944 Mil.
Aspen Pharmacare Holdings's average Total Assets over the quarter that ended in Dec. 2025 was R131,969 Mil. Therefore, Aspen Pharmacare Holdings's annualized ROA % for the quarter that ended in Dec. 2025 was 2.23%.
The historical rank and industry rank for Aspen Pharmacare Holdings's ROA % or its related term are showing as below:
JSE:APN'
s ROA % Range Over the Past 10 Years
Min: -1.5 Med: 4.36 Max: 5.87
Current: -1.5
During the past 13 years, Aspen Pharmacare Holdings's highest ROA % was 5.87%. The lowest was -1.50%. And the median was 4.36%.
JSE:APN's ROA % is ranked worse than 67.6% of 1003
companies
in the Drug Manufacturers industry
Industry Median: 2.69
vs JSE:APN: -1.50
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 Drug Manufacturers - Specialty & Generic subindustry, Aspen Pharmacare Holdings'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.
Aspen Pharmacare Holdings ROA % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Aspen Pharmacare Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Aspen Pharmacare Holdings'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.
Aspen Pharmacare Holdings (JSE:APN) has a ROA % of 2.23% 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 Aspen Pharmacare Holdings and its competitors. This is 49% below median its historical median of 4.36. According to the industry distribution chart, Aspen Pharmacare Holdings ranks #678 out of 1003 companies in the Drug Manufacturers industry, placing it in the top 67.6%.
Is Aspen Pharmacare Holdings' ROA % too high?
Aspen Pharmacare Holdings' current ROA % of 2.23% is 49% below median its 10-year median of 4.36. The Drug Manufacturers industry median ROA % is 2.69. Aspen Pharmacare Holdings' value of 2.23% is 17.1% below this industry median. Based on the distribution chart, Aspen Pharmacare Holdings ranks #678 out of 1003 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Aspen Pharmacare Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Pharmacare Holdings' ROA % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Aspen Pharmacare Holdings ranks #678 out of 1003 companies for ROA %. This places Aspen Pharmacare Holdings in the lower half of its industry. The industry median ROA % is 2.69. Aspen Pharmacare Holdings' value of 2.23% is 17.1% below this benchmark. While the company's 10-year median is 4.36 vs. the industry median of 2.69, Aspen Pharmacare Holdings has consistently been below 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 Drug Manufacturers company?
The median ROA % among Drug Manufacturers companies is 2.69, based on 1,003 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. Aspen Pharmacare Holdings's current ROA % of 2.23% is 17.1% below 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 Aspen Pharmacare Holdings and its competitors. For the Drug Manufacturers industry, the median ROA % is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Pharmacare Holdings's current ROA % is 2.23%, which is 49% below median its own 10-year median of 4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Pharmacare Holdings stock overvalued right now?
Based on GuruFocus' analysis, Aspen Pharmacare Holdings (JSE:APN) is currently considered Modestly Undervalued. The stock's GF Value™ is R178.17, compared to a current price of R154.85 — trading 13.1% below its estimated fair value. The current ROA % is 2.23%, which is 49% below median its 10-year median of 4.36 and 17.1% below the Drug Manufacturers industry median of 2.69. Aspen Pharmacare Holdings' overall GF Score™ is 73/100 with 10 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 Aspen Pharmacare Holdings (JSE:APN), the current ROA % is 2.23% 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 Aspen Pharmacare Holdings (JSE:APN) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Pharmacare Holdings stock appears to be undervalued.
The current stock price of R154.85 is trading 13.1% below its estimated GF Value™ of R178.17.
GuruFocus considers Aspen Pharmacare Holdings to be Modestly Undervalued.
Key valuation signals for JSE:APN:
ROA %: 2.23% (49% below median its 10-year median of 4.36)
GF Value™: R178.17 vs. price of R154.85 (13.1% below fair value)
Industry Position: 17.1% below the Drug Manufacturers median (#678 of 1003)
No single metric tells the full story. See the JSE:APN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Pharmacare Holdings Ltd is a multinational pharmaceutical company. The group focuses on marketing and manufacturing a broad range of post-patent, branded medicines and domestic brands covering both hospital and consumer markets. The business segments of the group are split between the Commercial Pharmaceuticals and Manufacturing segments. The Commercial Pharmaceuticals business segments are: Injectables, Over-the-counter, and Prescription. The Manufacturing business segments are: Active Pharmaceutical Ingredients, Finished Dose Form, and Heparin. Its geographic regions are Africa Middle East, Europe CIS, Australasia, Asia, and America.
73GF Score
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