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KAL GroupJSE:KAL 92 ROA % is 8.77% as of Mar. 2026, which is 54% above its 10-year median of 5.70. GuruFocus rates JSE:KAL with a GF Score™ of 92/100 and a GF Value™ of R43.66 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,139 Retail - Cyclical companies, KAL Group ranks better than 69.36% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. KAL Group's annualizedNet Income for the quarter that ended in Mar. 2026 was R726 Mil.
KAL Group's average Total Assets over the quarter that ended in Mar. 2026 was R8,278 Mil. Therefore, KAL Group's annualized ROA % for the quarter that ended in Mar. 2026 was 8.77%.
The historical rank and industry rank for KAL Group's ROA % or its related term are showing as below:
JSE:KAL'
s ROA % Range Over the Past 10 Years
Min: 4.79 Med: 5.7 Max: 7.35
Current: 5.94
During the past 12 years, KAL Group's highest ROA % was 7.35%. The lowest was 4.79%. And the median was 5.70%.
JSE:KAL's ROA % is ranked better than 69.36% of 1139
companies
in the Retail - Cyclical industry
Industry Median: 2.75
vs JSE:KAL: 5.94
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.
KAL Group ROA % Related Terms
KAL Group ROA % Historical Data
* Premium members only.
The historical data trend for KAL Group'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 Specialty Retail subindustry, KAL Group'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.
KAL Group ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, KAL Group's ROA % distribution charts can be found below:
* The bar in red indicates where KAL Group'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.
KAL Group (JSE:KAL) has a ROA % of 8.77% 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 KAL Group and its competitors. This is 54% above median its historical median of 5.70. Over the past decade, KAL Group's ROA % has ranged from 4.79 to 7.35. According to the industry distribution chart, KAL Group ranks #349 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 30.6%.
Is KAL Group's ROA % too high?
KAL Group's current ROA % of 8.77% is 54% above median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 4.79 to a high of 7.35. The Retail - Cyclical industry median ROA % is 2.75. KAL Group's value of 8.77% is 218.9% above this industry median. Based on the distribution chart, KAL Group ranks #349 out of 1139 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, KAL Group has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KAL Group's ROA % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, KAL Group ranks #349 out of 1139 companies for ROA %. This puts KAL Group in the upper half of its industry. The industry median ROA % is 2.75. KAL Group's value of 8.77% is 218.9% above this benchmark. Historically, KAL Group's own ROA % has ranged from 4.79 to 7.35 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 2.75, KAL Group 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 Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.75, based on 1,139 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. KAL Group's current ROA % of 8.77% is 218.9% 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 KAL Group and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KAL Group's current ROA % is 8.77%, which is 54% above median its own 10-year median of 5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KAL Group stock overvalued right now?
Based on GuruFocus' analysis, KAL Group (JSE:KAL) is currently considered Modestly Overvalued. The stock's GF Value™ is R43.66, compared to a current price of R50.00 — trading 14.5% above its estimated fair value. The current ROA % is 8.77%, which is 54% above median its 10-year median of 5.70 and 218.9% above the Retail - Cyclical industry median of 2.75. KAL Group's overall GF Score™ is 92/100 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 KAL Group (JSE:KAL), the current ROA % is 8.77% 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 KAL Group (JSE:KAL) Overvalued in 2026?
Based on GuruFocus' analysis, KAL Group stock appears to be overvalued.
The current stock price of R50.00 is trading 14.5% above its estimated GF Value™ of R43.66.
GuruFocus considers KAL Group to be Modestly Overvalued.
Key valuation signals for JSE:KAL:
ROA %: 8.77% (54% above median its 10-year median of 5.70)
GF Value™: R43.66 vs. price of R50.00 (14.5% above fair value)
Industry Position: 218.9% above the Retail - Cyclical median (#349 of 1139)
No single metric tells the full story. See the JSE:KAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KAL Group Ltd is a lifestyle retailer offering agricultural inputs, fuel (farm and retail), and general and convenience retail products to consumers across Southern Africa. Its segments include Agrimark, PEG, Agrimark Grain and Manufacturing. The majority of the company's revenue is derived from the PEG segment, which operates retail fuel outlets, including convenience stores and quick-service restaurant locations, serving a broad customer base. Geographically, it generates the maximum revenue from South Africa and the rest from Namibia.
92GF Score
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