ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. United Bank for Africa's annualizedNet Income for the quarter that ended in Dec. 2025 was ₦-559,048 Mil.
United Bank for Africa's average Total Assets over the quarter that ended in Dec. 2025 was ₦32,832,374 Mil. Therefore, United Bank for Africa's annualized ROA % for the quarter that ended in Dec. 2025 was -1.70%.
The historical rank and industry rank for United Bank for Africa's ROA % or its related term are showing as below:
NSA:UBA'
s ROA % Range Over the Past 10 Years
Min: 1.16 Med: 1.7 Max: 3.8
Current: 1.16
During the past 13 years, United Bank for Africa's highest ROA % was 3.80%. The lowest was 1.16%. And the median was 1.70%.
NSA:UBA's ROA % is ranked better than 61.35% of 1529
companies
in the Banks industry
Industry Median: 0.98
vs NSA:UBA: 1.16
United Bank for Africa (NSA:UBA) 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.
* 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 - Diversified subindustry, United Bank for Africa'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.
United Bank for Africa ROA % vs Banks Industry
For the Banks industry and Financial Services sector, United Bank for Africa's ROA % distribution charts can be found below:
* The bar in red indicates where United Bank for Africa'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.
United Bank for Africa (NSA:UBA) has a ROA % of -1.70% 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 United Bank for Africa and its competitors. Over the past decade, United Bank for Africa's ROA % has ranged from 1.16 to 3.80. According to the industry distribution chart, United Bank for Africa ranks #591 out of 1529 companies in the Banks industry, placing it in the top 38.7%.
Is United Bank for Africa's ROA % too high?
United Bank for Africa's current ROA % is -1.70%. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.80. Based on the distribution chart, United Bank for Africa ranks #591 out of 1529 companies in the Banks industry, which is above the industry midpoint. Overall, United Bank for Africa has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Bank for Africa's ROA % compare to JPM and BAC?
According to the Banks industry distribution chart, United Bank for Africa ranks #591 out of 1529 companies for ROA %. This puts United Bank for Africa in the upper half of its industry. The industry median ROA % is 0.98. Historically, United Bank for Africa's own ROA % has ranged from 1.16 to 3.80 over the past decade. 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. 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 United Bank for Africa 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. United Bank for Africa's current ROA % is -1.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Bank for Africa stock overvalued right now?
Based on GuruFocus' analysis, United Bank for Africa (NSA:UBA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦35.30, compared to a current price of ₦39.10 — trading 10.8% above its estimated fair value. The current ROA % is -1.70%. United Bank for Africa's overall GF Score™ is 77/100 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 United Bank for Africa (NSA:UBA), the current ROA % is -1.70% 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 United Bank for Africa (NSA:UBA) Overvalued in 2026?
Based on GuruFocus' analysis, United Bank for Africa stock appears to be overvalued.
The current stock price of ₦39.10 is trading 10.8% above its estimated GF Value™ of ₦35.30.
GuruFocus considers United Bank for Africa to be Modestly Overvalued.
Key valuation signals for NSA:UBA:
ROA %: -1.70%
GF Value™: ₦35.30 vs. price of ₦39.10 (10.8% above fair value)
No single metric tells the full story. See the NSA:UBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.
77GF Score
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