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NCBA GroupNAI:NCBA +0.56%69 ROA % is 3.27% as of Mar. 2026, which is 20% above its 10-year median of 2.72. GuruFocus rates NAI:NCBA with a GF Score™ of 69/100 and a GF Value™ of KES54.75 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,523 Banks companies, NCBA Group ranks better than 95.99% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NCBA Group's annualizedNet Income for the quarter that ended in Mar. 2026 was KES23,857 Mil.
NCBA Group's average Total Assets over the quarter that ended in Mar. 2026 was KES728,581 Mil. Therefore, NCBA Group's annualized ROA % for the quarter that ended in Mar. 2026 was 3.27%.
The historical rank and industry rank for NCBA Group's ROA % or its related term are showing as below:
NAI:NCBA'
s ROA % Range Over the Past 10 Years
Min: 0.91 Med: 2.72 Max: 3.47
Current: 3.47
During the past 13 years, NCBA Group's highest ROA % was 3.47%. The lowest was 0.91%. And the median was 2.72%.
NAI:NCBA's ROA % is ranked better than 95.99% of 1523
companies
in the Banks industry
Industry Median: 0.98
vs NAI:NCBA: 3.47
NCBA Group (NAI:NCBA) 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.
NCBA Group ROA % Related Terms
NCBA Group ROA % Historical Data
* Premium members only.
The historical data trend for NCBA 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 Banks - Regional subindustry, NCBA 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.
NCBA Group ROA % vs Banks Industry
For the Banks industry and Financial Services sector, NCBA Group's ROA % distribution charts can be found below:
* The bar in red indicates where NCBA 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 four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
NCBA Group (NAI:NCBA) has a ROA % of 3.27% 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 NCBA Group and its competitors. This is 20% above median its historical median of 2.72. Over the past decade, NCBA Group's ROA % has ranged from 0.91 to 3.47. According to the industry distribution chart, NCBA Group ranks #61 out of 1523 companies in the Banks industry, placing it in the top 4%.
Is NCBA Group's ROA % too high?
NCBA Group's current ROA % of 3.27% is 20% above median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 3.47. The Banks industry median ROA % is 0.98. NCBA Group's value of 3.27% is 233.7% above this industry median. Based on the distribution chart, NCBA Group ranks #61 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, NCBA Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCBA Group's ROA % compare to competitors?
According to the Banks industry distribution chart, NCBA Group ranks #61 out of 1523 companies for ROA %. This places NCBA Group in the top 4% of its industry — outperforming the majority of peers. The industry median ROA % is 0.98. NCBA Group's value of 3.27% is 233.7% above this benchmark. Historically, NCBA Group's own ROA % has ranged from 0.91 to 3.47 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 0.98, NCBA 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 Banks company?
The median ROA % among Banks companies is 0.98, based on 1,523 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. NCBA Group's current ROA % of 3.27% is 233.7% 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 NCBA Group 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. NCBA Group's current ROA % is 3.27%, which is 20% above median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCBA Group stock overvalued right now?
Based on GuruFocus' analysis, NCBA Group (NAI:NCBA) is currently considered Significantly Overvalued. The stock's GF Value™ is KES54.75, compared to a current price of KES89.25 — trading 63% above its estimated fair value. The current ROA % is 3.27%, which is 20% above median its 10-year median of 2.72 and 233.7% above the Banks industry median of 0.98. NCBA Group's overall GF Score™ is 69/100 with 1 warning sign 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 NCBA Group (NAI:NCBA), the current ROA % is 3.27% 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 NCBA Group (NAI:NCBA) Overvalued in 2026?
Based on GuruFocus' analysis, NCBA Group stock appears to be overvalued.
The current stock price of KES89.25 is trading 63% above its estimated GF Value™ of KES54.75.
GuruFocus considers NCBA Group to be Significantly Overvalued.
Key valuation signals for NAI:NCBA:
ROA %: 3.27% (20% above median its 10-year median of 2.72)
GF Value™: KES54.75 vs. price of KES89.25 (63% above fair value)
Industry Position: 233.7% above the Banks median (#61 of 1523)
No single metric tells the full story. See the NAI:NCBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCBA Group PLC and its subsidiaries provide retail, corporate, and digital banking, brokerage, bancassurance, insurance, and investment banking services. The Group's operating divisions are: Corporate and institutional banking, Retail banking (SME and Consumer banking), Treasury dealing, Digital Bank, Investment banking, and Insurance. Through these divisions, it caters to different segments of customers from medium and large corporates to high net worth and other retail individual clients, offering them various kinds of financial products and services, such as deposit accounts, loans, advisory, digital banking, and wealth management solutions, among others. The Group's geographical segments are: Kenya, Uganda, Tanzania, Rwanda, and Ghana. The majority of its revenue is derived from Kenya.
69GF Score
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