Afric IndustriesCAS:AFI 65 ROC (Joel Greenblatt) % is 67.49% as of Dec. 2025, which is 51% above its 10-year median of 44.68. GuruFocus rates CAS:AFI with a GF Score™ of 65/100 and a GF Value™ of MAD339.03 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,606 Chemicals companies, Afric Industries ranks better than 96.45% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Afric Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 67.49%.
The historical rank and industry rank for Afric Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:AFI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 28.53 Med: 44.68 Max: 74.27
Current: 59.67
During the past 10 years, Afric Industries's highest ROC (Joel Greenblatt) % was 74.27%. The lowest was 28.53%. And the median was 44.68%.
CAS:AFI's ROC (Joel Greenblatt) % is ranked better than 96.45% of 1606
companies
in the Chemicals industry
Industry Median: 9.38
vs CAS:AFI: 59.67
Afric Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 10.50% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Afric Industries ROC (Joel Greenblatt) % Related Terms
Afric Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Afric Industries's ROC (Joel Greenblatt) % 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.
CAS:AFI vs LIN, SHW, ECL: ROC (Joel Greenblatt) % Comparison
For the Specialty Chemicals subindustry, Afric Industries's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Afric Industries ROC (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Afric Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Afric Industries's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT 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.
What does a ROC (Joel Greenblatt) % of 67.49% mean?
Afric Industries (CAS:AFI) has a ROC (Joel Greenblatt) % of 67.49% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Afric Industries and its competitors. This is 51% above median its historical median of 44.68. Over the past decade, Afric Industries' ROC (Joel Greenblatt) % has ranged from 28.53 to 74.27. According to the industry distribution chart, Afric Industries ranks #57 out of 1606 companies in the Chemicals industry, placing it in the top 3.5%.
Is Afric Industries' ROC (Joel Greenblatt) % too high?
Afric Industries' current ROC (Joel Greenblatt) % of 67.49% is 51% above median its 10-year median of 44.68. Over the past 10 years, this metric has ranged from a low of 28.53 to a high of 74.27. The Chemicals industry median ROC (Joel Greenblatt) % is 9.38. Afric Industries' value of 67.49% is 619.5% above this industry median. Based on the distribution chart, Afric Industries ranks #57 out of 1606 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Afric Industries has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Afric Industries' ROC (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Afric Industries ranks #57 out of 1606 companies for ROC (Joel Greenblatt) %. This places Afric Industries in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.38. Afric Industries' value of 67.49% is 619.5% above this benchmark. Historically, Afric Industries' own ROC (Joel Greenblatt) % has ranged from 28.53 to 74.27 over the past decade. While the company's 10-year median is 44.68 vs. the industry median of 9.38, Afric Industries 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 ROC (Joel Greenblatt) % for a Chemicals company?
The median ROC (Joel Greenblatt) % among Chemicals companies is 9.38, based on 1,606 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afric Industries's current ROC (Joel Greenblatt) % of 67.49% is 619.5% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Afric Industries and its competitors. For the Chemicals industry, the median ROC (Joel Greenblatt) % is 9.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afric Industries's current ROC (Joel Greenblatt) % is 67.49%, which is 51% above median its own 10-year median of 44.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afric Industries stock overvalued right now?
Based on GuruFocus' analysis, Afric Industries (CAS:AFI) is currently considered Fairly Valued. The stock's GF Value™ is MAD339.03, compared to a current price of MAD338.00 — trading 0.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 67.49%, which is 51% above median its 10-year median of 44.68 and 619.5% above the Chemicals industry median of 9.38. Afric Industries' overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Afric Industries (CAS:AFI), the current ROC (Joel Greenblatt) % is 67.49% 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 Afric Industries (CAS:AFI) Overvalued in 2026?
Based on GuruFocus' analysis, Afric Industries stock appears to be undervalued.
The current stock price of MAD338.00 is trading 0.3% below its estimated GF Value™ of MAD339.03.
GuruFocus considers Afric Industries to be Fairly Valued.
Key valuation signals for CAS:AFI:
ROC (Joel Greenblatt) %: 67.49% (51% above median its 10-year median of 44.68)
GF Value™: MAD339.03 vs. price of MAD338.00 (0.3% below fair value)
Industry Position: 619.5% above the Chemicals median (#57 of 1606)
No single metric tells the full story. See the CAS:AFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.
65GF Score
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