Combined Motor HoldingsJSE:CMH -0.46%92 ROA % is 8.07% as of Feb. 2026, which is 16% above its 10-year median of 6.97. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R38.80 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,335 Vehicles & Parts companies, Combined Motor Holdings ranks better than 79.18% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Combined Motor Holdings's annualizedNet Income for the quarter that ended in Feb. 2026 was R453 Mil.
Combined Motor Holdings's average Total Assets over the quarter that ended in Feb. 2026 was R5,609 Mil. Therefore, Combined Motor Holdings's annualized ROA % for the quarter that ended in Feb. 2026 was 8.07%.
The historical rank and industry rank for Combined Motor Holdings's ROA % or its related term are showing as below:
JSE:CMH'
s ROA % Range Over the Past 10 Years
Min: 4.87 Med: 6.97 Max: 10.63
Current: 7.03
During the past 13 years, Combined Motor Holdings's highest ROA % was 10.63%. The lowest was 4.87%. And the median was 6.97%.
JSE:CMH's ROA % is ranked better than 79.18% of 1335
companies
in the Vehicles & Parts industry
Industry Median: 2.95
vs JSE:CMH: 7.03
Combined Motor Holdings (JSE:CMH) 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.
* 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 Auto & Truck Dealerships subindustry, Combined Motor 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.
Combined Motor Holdings ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Combined Motor 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 (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Combined Motor Holdings (JSE:CMH) has a ROA % of 8.07% 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 Combined Motor Holdings and its competitors. This is 16% above median its historical median of 6.97. Over the past decade, Combined Motor Holdings' ROA % has ranged from 4.87 to 10.63. According to the industry distribution chart, Combined Motor Holdings ranks #278 out of 1335 companies in the Vehicles & Parts industry, placing it in the top 20.8%.
Is Combined Motor Holdings' ROA % too high?
Combined Motor Holdings' current ROA % of 8.07% is 16% above median its 10-year median of 6.97. Over the past 10 years, this metric has ranged from a low of 4.87 to a high of 10.63. The Vehicles & Parts industry median ROA % is 2.95. Combined Motor Holdings' value of 8.07% is 173.6% above this industry median. Based on the distribution chart, Combined Motor Holdings ranks #278 out of 1335 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' ROA % compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #278 out of 1335 companies for ROA %. This places Combined Motor Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median ROA % is 2.95. Combined Motor Holdings' value of 8.07% is 173.6% above this benchmark. Historically, Combined Motor Holdings' own ROA % has ranged from 4.87 to 10.63 over the past decade. While the company's 10-year median is 6.97 vs. the industry median of 2.95, Combined Motor Holdings 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 Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 2.95, based on 1,335 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. Combined Motor Holdings's current ROA % of 8.07% is 173.6% 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 Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current ROA % is 8.07%, which is 16% above median its own 10-year median of 6.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R38.80, compared to a current price of R39.29 — trading 1.3% above its estimated fair value. The current ROA % is 8.07%, which is 16% above median its 10-year median of 6.97 and 173.6% above the Vehicles & Parts industry median of 2.95. Combined Motor Holdings' overall GF Score™ is 92/100 with 2 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 Combined Motor Holdings (JSE:CMH), the current ROA % is 8.07% 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued.
The current stock price of R39.29 is trading 1.3% above its estimated GF Value™ of R38.80.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
ROA %: 8.07% (16% above median its 10-year median of 6.97)
GF Value™: R38.80 vs. price of R39.29 (1.3% above fair value)
Industry Position: 173.6% above the Vehicles & Parts median (#278 of 1335)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
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