Banco MacroMEX:BMAN 50 ROA % is 2.41% as of Mar. 2026, which is 51% below its 10-year median of 4.91. GuruFocus rates MEX:BMAN with a GF Score™ of 50/100 and a GF Value™ of MXN471.07. The stock has 4 warning signs investors should review. Among 1,529 Banks companies, Banco Macro ranks better than 85.68% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Banco Macro's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN7,234 Mil.
Banco Macro's average Total Assets over the quarter that ended in Mar. 2026 was MXN300,195 Mil. Therefore, Banco Macro's annualized ROA % for the quarter that ended in Mar. 2026 was 2.41%.
The historical rank and industry rank for Banco Macro's ROA % or its related term are showing as below:
MEX:BMAN'
s ROA % Range Over the Past 10 Years
Min: -0.34 Med: 4.91 Max: 15.78
Current: 1.81
During the past 13 years, Banco Macro's highest ROA % was 15.78%. The lowest was -0.34%. And the median was 4.91%.
MEX:BMAN's ROA % is ranked better than 85.68% of 1529
companies
in the Banks industry
Industry Median: 0.98
vs MEX:BMAN: 1.81
Banco Macro (MEX:BMAN) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Banco Macro ROA % Related Terms
Banco Macro ROA % Historical Data
* Premium members only.
The historical data trend for Banco Macro'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 Banks - Regional subindustry, Banco Macro'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.
Banco Macro ROA % vs Banks Industry
For the Banks industry and Financial Services sector, Banco Macro's ROA % distribution charts can be found below:
* The bar in red indicates where Banco Macro'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Banco Macro (MEX:BMAN) has a ROA % of 2.41% 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 Banco Macro and its competitors. This is 51% below median its historical median of 4.91. According to the industry distribution chart, Banco Macro ranks #219 out of 1529 companies in the Banks industry, placing it in the top 14.3%.
Is Banco Macro's ROA % too high?
Banco Macro's current ROA % of 2.41% is 51% below median its 10-year median of 4.91. The Banks industry median ROA % is 0.98. Banco Macro's value of 2.41% is 145.9% above this industry median. Based on the distribution chart, Banco Macro ranks #219 out of 1529 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Banco Macro has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Banco Macro's ROA % compare to PNC and USB?
According to the Banks industry distribution chart, Banco Macro ranks #219 out of 1529 companies for ROA %. This places Banco Macro in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 0.98. Banco Macro's value of 2.41% is 145.9% above this benchmark. While the company's 10-year median is 4.91 vs. the industry median of 0.98, Banco Macro 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 Banks company?
The median ROA % among Banks companies is 0.98, based on 1,529 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. Banco Macro's current ROA % of 2.41% is 145.9% 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 Banco Macro and its competitors. For the Banks industry, the median ROA % is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Macro's current ROA % is 2.41%, which is 51% below median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Macro stock overvalued right now?
Banco Macro (MEX:BMAN) has a current ROA % of 2.41%. The stock's GF Value™ is MXN471.07, compared to a current price of MXN1,332.00 — trading 182.8% above its estimated fair value. The current ROA % is 2.41%, which is 51% below median its 10-year median of 4.91 and 145.9% above the Banks industry median of 0.98. Banco Macro's overall GF Score™ is 50/100 with 4 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 Banco Macro (MEX:BMAN), the current ROA % is 2.41% 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 Banco Macro (MEX:BMAN) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Macro stock appears to be overvalued.
The current stock price of MXN1,332.00 is trading 182.8% above its estimated GF Value™ of MXN471.07.
Key valuation signals for MEX:BMAN:
ROA %: 2.41% (51% below median its 10-year median of 4.91)
GF Value™: MXN471.07 vs. price of MXN1,332.00 (182.8% above fair value)
Industry Position: 145.9% above the Banks median (#219 of 1529)
No single metric tells the full story. See the MEX:BMAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The company generates the majority of its revenue from Argentina.
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