Coronation Fund ManagersJSE:CML +1.58%76 ROA % is 1.55% as of Mar. 2026, which is 34% below its 10-year median of 2.36. GuruFocus rates JSE:CML with a GF Score™ of 76/100 and a GF Value™ of R42.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,635 Asset Management companies, Coronation Fund Managers ranks worse than 61.96% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Coronation Fund Managers's annualizedNet Income for the quarter that ended in Mar. 2026 was R1,540 Mil.
Coronation Fund Managers's average Total Assets over the quarter that ended in Mar. 2026 was R99,323 Mil. Therefore, Coronation Fund Managers's annualized ROA % for the quarter that ended in Mar. 2026 was 1.55%.
The historical rank and industry rank for Coronation Fund Managers's ROA % or its related term are showing as below:
JSE:CML'
s ROA % Range Over the Past 10 Years
Min: 1.03 Med: 2.36 Max: 2.95
Current: 1.8
During the past 13 years, Coronation Fund Managers's highest ROA % was 2.95%. The lowest was 1.03%. And the median was 2.36%.
JSE:CML's ROA % is ranked worse than 61.96% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs JSE:CML: 1.80
Coronation Fund Managers (JSE:CML) 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 (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
* 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 Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's ROA % distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Coronation Fund Managers (JSE:CML) has a ROA % of 1.55% 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 Coronation Fund Managers and its competitors. This is 34% below median its historical median of 2.36. Over the past decade, Coronation Fund Managers' ROA % has ranged from 1.03 to 2.95. According to the industry distribution chart, Coronation Fund Managers ranks #1013 out of 1635 companies in the Asset Management industry, placing it in the top 62%.
Is Coronation Fund Managers' ROA % too high?
Coronation Fund Managers' current ROA % of 1.55% is 34% below median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.95. The Asset Management industry median ROA % is 3.97. Coronation Fund Managers' value of 1.55% is 61% below this industry median. Based on the distribution chart, Coronation Fund Managers ranks #1013 out of 1635 companies in the Asset Management industry, which is below the industry midpoint. Overall, Coronation Fund Managers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #1013 out of 1635 companies for ROA %. This places Coronation Fund Managers in the lower half of its industry. The industry median ROA % is 3.97. Coronation Fund Managers' value of 1.55% is 61% below this benchmark. Historically, Coronation Fund Managers' own ROA % has ranged from 1.03 to 2.95 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 3.97, Coronation Fund Managers 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 an Asset Management company?
The median ROA % among Asset Management companies is 3.97, based on 1,635 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. Coronation Fund Managers's current ROA % of 1.55% is 61% 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 Coronation Fund Managers and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coronation Fund Managers's current ROA % is 1.55%, which is 34% below median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R42.09, compared to a current price of R39.87 — trading 5.3% below its estimated fair value. The current ROA % is 1.55%, which is 34% below median its 10-year median of 2.36 and 61% below the Asset Management industry median of 3.97. Coronation Fund Managers' overall GF Score™ is 76/100 with 5 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 Coronation Fund Managers (JSE:CML), the current ROA % is 1.55% 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.
Is Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R39.87 is trading 5.3% below its estimated GF Value™ of R42.09.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
ROA %: 1.55% (34% below median its 10-year median of 2.36)
GF Value™: R42.09 vs. price of R39.87 (5.3% below fair value)
Industry Position: 61% below the Asset Management median (#1013 of 1635)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
76GF Score
Get the complete analysis for JSE:CML
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
JSE:CML has been successfully added to your 
