Maroc Telecom (CAS:IAM) ROCE %: 37.06% (As of Dec. 2025)

What is Maroc Telecom ROCE %?

Maroc Telecom CAS:IAM 79 ROCE % is 37.06% as of Dec. 2025. GuruFocus rates CAS:IAM with a GF Score™ of 79/100 and a GF Value™ of MAD99.47 (Fairly Valued). The stock has 4 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. Maroc Telecom's annualized ROCE % for the quarter that ended in Dec. 2025 was 37.06%.

Maroc Telecom (CAS:IAM) 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.

Maroc Telecom ROCE % Related Terms

Maroc Telecom ROCE % Historical Data

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The historical data trend for Maroc Telecom'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.

Maroc Telecom ROCE % Chart

Maroc Telecom Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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50.69

38.82

44.57

23.64

43.91

Maroc Telecom Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															40.78	-0.86	53.76	62.54	37.06

79GF Score

Maroc Telecom SA CAS:IAM

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Maroc Telecom ROCE % Calculation

Maroc Telecom's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	13583	/	( ( (70374 - 45266)	+	(75811 - 39054) )	/ 2 )
	=	13583	/	( (25108	+	36757)	/ 2 )
	=	13583	/	30932.5
	=	43.91 %

Maroc Telecom's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	11464	/	( ( (70374 - 45266)	+	(75811 - 39054) )	/ 2 )
	=	11464	/	( ( 25108	+	36757 )	/ 2 )
	=	11464	/	30932.5
	=	37.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 37.06% mean?

Maroc Telecom (CAS:IAM) has a ROCE % of 37.06% as of Dec. 2025.

Is Maroc Telecom's ROCE % too high?

Maroc Telecom's current ROCE % is 37.06%. The Telecommunication Services industry median ROCE % is 7.72. Maroc Telecom's value of 37.06% is 380.1% above this industry median. Overall, Maroc Telecom has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Maroc Telecom's ROCE % compare to TMUS and VZ?

Maroc Telecom's ROCE % of 37.06% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Maroc Telecom's value of 37.06% is 380.1% 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. Maroc Telecom's current ROCE % of 37.06% is 380.1% 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. Maroc Telecom's current ROCE % is 37.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Maroc Telecom stock overvalued right now?

Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.47, compared to a current price of MAD91.68 — trading 7.8% below its estimated fair value. The current ROCE % is 37.06% and 380.1% above the Telecommunication Services industry median of 7.72. Maroc Telecom's overall GF Score™ is 79/100 with 4 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 Maroc Telecom (CAS:IAM), the current ROCE % is 37.06% 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 Maroc Telecom (CAS:IAM) Overvalued in 2026?

Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued. The current stock price of MAD91.68 is trading 7.8% below its estimated GF Value™ of MAD99.47. GuruFocus considers Maroc Telecom to be Fairly Valued.

Key valuation signals for CAS:IAM:

ROCE %: 37.06%
GF Value™: MAD99.47 vs. price of MAD91.68 (7.8% below fair value)
GF Score™: 79/100 with 4 warning signs
Industry Position: 380.1% above the Telecommunication Services median

No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Maroc Telecom Business Description

Industry Communication Services Telecommunication Services

Comparable Companies TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432 TSE:9433 TSE:9434 SAU:7010 SGX:Z74 XPAR:ORA XSWX:SCMN ADX:EAND ASX:TLS

Other Exchanges IAM:France MSPA:Germany

Address Avenue Annakhil, Hay Riad, Rabat, MAR

Website https://www.iam.ma

Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.

79GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD91.68

Price

MAD99.47

GF Value

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