AARTY (Airtel Africa) ROCE %: 25.35% (As of Mar. 2026)


AARTY Airtel Africa PLC AARTY
55 GF Score
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What is Airtel Africa ROCE %?

Airtel Africa AARTY 55 ROCE % is 25.35% as of Mar. 2026. GuruFocus rates AARTY with a GF Score™ of 55/100. The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Airtel Africa's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.35%.

Airtel Africa  (OTCPK:AARTY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Airtel Africa ROCE % Related Terms

Airtel Africa ROCE % Historical Data

* Premium members only.

The historical data trend for Airtel Africa's ROCE % 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.

Airtel Africa ROCE % Chart

Airtel Africa Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.27 18.76 5.55 19.06 26.33

Airtel Africa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.88 23.89 28.63 27.66 25.35
AARTY
55GF Score
Airtel Africa PLC AARTY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Airtel Africa ROCE % Calculation

Airtel Africa's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2205/( ( (12023 - 4242) + (13963 - 4992) )/ 2 )
=2205/( (7781+8971)/ 2 )
=2205/8376
=26.33 %

Airtel Africa's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2224/( ( (13441 - 4863) + (13963 - 4992) )/ 2 )
=2224/( ( 8578 + 8971 )/ 2 )
=2224/8774.5
=25.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 25.35% mean?
Airtel Africa (AARTY) has a ROCE % of 25.35% as of Mar. 2026.
Is Airtel Africa's ROCE % too high?
Airtel Africa's current ROCE % is 25.35%. The Telecommunication Services industry median ROCE % is 7.72. Airtel Africa's value of 25.35% is 228.4% above this industry median. Overall, Airtel Africa has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's ROCE % compare to TMUS and VZ?
Airtel Africa's ROCE % of 25.35% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Airtel Africa's value of 25.35% is 228.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Telecommunication Services company?
The median ROCE % among Telecommunication Services companies is 7.72, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airtel Africa's current ROCE % of 25.35% is 228.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Telecommunication Services industry, the median ROCE % is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current ROCE % is 25.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Airtel Africa (AARTY) has a current ROCE % of 25.35%. The current ROCE % is 25.35% and 228.4% above the Telecommunication Services industry median of 7.72. Airtel Africa's overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Airtel Africa (AARTY), the current ROCE % is 25.35% 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.

Airtel Africa Business Description

Address 15 Davies Street, London, GBR, W1K 3DE
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
55GF Score

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