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BOC KenyaNAI:BOC +0.44%72 ROA % is 12.99% as of Dec. 2025, which is 139% above its 10-year median of 5.43. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,612 Chemicals companies, BOC Kenya ranks better than 93.67% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. BOC Kenya's annualizedNet Income for the quarter that ended in Dec. 2025 was KES314 Mil.
BOC Kenya's average Total Assets over the quarter that ended in Dec. 2025 was KES2,417 Mil. Therefore, BOC Kenya's annualized ROA % for the quarter that ended in Dec. 2025 was 12.99%.
The historical rank and industry rank for BOC Kenya's ROA % or its related term are showing as below:
NAI:BOC'
s ROA % Range Over the Past 10 Years
Min: 1.77 Med: 5.43 Max: 12.99
Current: 12.99
During the past 13 years, BOC Kenya's highest ROA % was 12.99%. The lowest was 1.77%. And the median was 5.43%.
NAI:BOC's ROA % is ranked better than 93.67% of 1612
companies
in the Chemicals industry
Industry Median: 2.91
vs NAI:BOC: 12.99
BOC Kenya (NAI:BOC) 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 one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (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.
BOC Kenya ROA % Related Terms
BOC Kenya ROA % Historical Data
* Premium members only.
The historical data trend for BOC Kenya'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 Chemicals subindustry, BOC Kenya'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.
BOC Kenya ROA % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, BOC Kenya's ROA % distribution charts can be found below:
* The bar in red indicates where BOC Kenya'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 one times the annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
BOC Kenya (NAI:BOC) has a ROA % of 12.99% 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 BOC Kenya and its competitors. This is 139% above median its historical median of 5.43. Over the past decade, BOC Kenya's ROA % has ranged from 1.77 to 12.99. According to the industry distribution chart, BOC Kenya ranks #102 out of 1612 companies in the Chemicals industry, placing it in the top 6.3%.
Is BOC Kenya's ROA % too high?
BOC Kenya's current ROA % of 12.99% is 139% above median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 12.99. The Chemicals industry median ROA % is 2.91. BOC Kenya's value of 12.99% is 346.4% above this industry median. Based on the distribution chart, BOC Kenya ranks #102 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's ROA % compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #102 out of 1612 companies for ROA %. This places BOC Kenya in the top 6% of its industry — outperforming the majority of peers. The industry median ROA % is 2.91. BOC Kenya's value of 12.99% is 346.4% above this benchmark. Historically, BOC Kenya's own ROA % has ranged from 1.77 to 12.99 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 2.91, BOC Kenya 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 Chemicals company?
The median ROA % among Chemicals companies is 2.91, based on 1,612 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. BOC Kenya's current ROA % of 12.99% is 346.4% 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 BOC Kenya and its competitors. For the Chemicals industry, the median ROA % is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current ROA % is 12.99%, which is 139% above median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current ROA % is 12.99%, which is 139% above median its 10-year median of 5.43 and 346.4% above the Chemicals industry median of 2.91. BOC Kenya's overall GF Score™ is 72/100 with 3 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 BOC Kenya (NAI:BOC), the current ROA % is 12.99% 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 BOC Kenya (NAI:BOC) Overvalued in 2026?
Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued.
The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18.
GuruFocus considers BOC Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BOC:
ROA %: 12.99% (139% above median its 10-year median of 5.43)
GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
Industry Position: 346.4% above the Chemicals median (#102 of 1612)
No single metric tells the full story. See the NAI:BOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score
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