OandoJSE:OAO 46 ROA % is 2.37% as of Dec. 2025, which is 29% above its 10-year median of 1.84. GuruFocus rates JSE:OAO with a GF Score™ of 46/100 and a GF Value™ of R0.24 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,030 Oil & Gas companies, Oando ranks better than 61.17% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Oando's annualizedNet Income for the quarter that ended in Dec. 2025 was R1,930 Mil.
Oando's average Total Assets over the quarter that ended in Dec. 2025 was R81,601 Mil. Therefore, Oando's annualized ROA % for the quarter that ended in Dec. 2025 was 2.37%.
The historical rank and industry rank for Oando's ROA % or its related term are showing as below:
JSE:OAO'
s ROA % Range Over the Past 10 Years
Min: -19.26 Med: 1.84 Max: 4.94
Current: 3.65
During the past 13 years, Oando's highest ROA % was 4.94%. The lowest was -19.26%. And the median was 1.84%.
JSE:OAO's ROA % is ranked better than 61.17% of 1030
companies
in the Oil & Gas industry
Industry Median: 1.895
vs JSE:OAO: 3.65
Oando (JSE:OAO) 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 four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
Oando ROA % Related Terms
Oando ROA % Historical Data
* Premium members only.
The historical data trend for Oando'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 Oil & Gas Refining & Marketing subindustry, Oando'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.
Oando ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oando's ROA % distribution charts can be found below:
* The bar in red indicates where Oando'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 four times the quarterly (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Oando (JSE:OAO) has a ROA % of 2.37% 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 Oando and its competitors. This is 29% above median its historical median of 1.84. According to the industry distribution chart, Oando ranks #400 out of 1030 companies in the Oil & Gas industry, placing it in the top 38.8%.
Is Oando's ROA % too high?
Oando's current ROA % of 2.37% is 29% above median its 10-year median of 1.84. The Oil & Gas industry median ROA % is 1.90. Oando's value of 2.37% is 25.1% above this industry median. Based on the distribution chart, Oando ranks #400 out of 1030 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Oando has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oando's ROA % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Oando ranks #400 out of 1030 companies for ROA %. This puts Oando in the upper half of its industry. The industry median ROA % is 1.90. Oando's value of 2.37% is 25.1% above this benchmark. While the company's 10-year median is 1.84 vs. the industry median of 1.90, Oando 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 an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.90, based on 1,030 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. Oando's current ROA % of 2.37% is 25.1% 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 Oando and its competitors. For the Oil & Gas industry, the median ROA % is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oando's current ROA % is 2.37%, which is 29% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (JSE:OAO) is currently considered Modestly Undervalued. The stock's GF Value™ is R0.24, compared to a current price of R0.19 — trading 20.8% below its estimated fair value. The current ROA % is 2.37%, which is 29% above median its 10-year median of 1.84 and 25.1% above the Oil & Gas industry median of 1.90. Oando's overall GF Score™ is 46/100 with 7 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 Oando (JSE:OAO), the current ROA % is 2.37% 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 Oando (JSE:OAO) Overvalued in 2026?
Based on GuruFocus' analysis, Oando stock appears to be undervalued.
The current stock price of R0.19 is trading 20.8% below its estimated GF Value™ of R0.24.
GuruFocus considers Oando to be Modestly Undervalued.
Key valuation signals for JSE:OAO:
ROA %: 2.37% (29% above median its 10-year median of 1.84)
GF Value™: R0.24 vs. price of R0.19 (20.8% below fair value)
Industry Position: 25.1% above the Oil & Gas median (#400 of 1030)
No single metric tells the full story. See the JSE:OAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
46GF Score
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