Safaricom (NAI:SCOM) ROCE %: 44.69% (As of Mar. 2026)


NAI:SCOM Safaricom PLC NAI:SCOM
100 GF Score
Price KES33.60
GF Value KES21.81
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Safaricom ROCE %?

Safaricom NAI:SCOM +1.97% 100 ROCE % is 44.69% as of Mar. 2026. GuruFocus rates NAI:SCOM with a GF Score™ of 100/100 and a GF Value™ of KES21.81 (Significantly Overvalued). 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. Safaricom's annualized ROCE % for the quarter that ended in Mar. 2026 was 44.69%.

Safaricom  (NAI:SCOM) 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.

Safaricom ROCE % Related Terms

Safaricom ROCE % Historical Data

* Premium members only.

The historical data trend for Safaricom'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.

Safaricom ROCE % Chart

Safaricom 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 53.27 32.19 24.62 27.38 39.44

Safaricom Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 20.89 22.44 40.49 36.90 44.69
NAI:SCOM
100GF Score
Safaricom PLC NAI:SCOM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Safaricom ROCE % Calculation

Safaricom'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 )
=146502.9/( ( (515284.2 - 155032.3) + (518045.4 - 135444.7) )/ 2 )
=146502.9/( (360251.9+382600.7)/ 2 )
=146502.9/371426.3
=39.44 %

Safaricom'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: Sep. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=162742.6/( ( (508594.7 - 162812.5) + (518045.4 - 135444.7) )/ 2 )
=162742.6/( ( 345782.2 + 382600.7 )/ 2 )
=162742.6/364191.45
=44.69 %

(1) Note: The EBIT data used here is two times the semi-annual (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 44.69% mean?
Safaricom (NAI:SCOM) has a ROCE % of 44.69% as of Mar. 2026.
Is Safaricom's ROCE % too high?
Safaricom's current ROCE % is 44.69%. The Telecommunication Services industry median ROCE % is 7.72. Safaricom's value of 44.69% is 478.9% above this industry median. Overall, Safaricom has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safaricom's ROCE % compare to TMUS and VZ?
Safaricom's ROCE % of 44.69% can be compared against companies in the Telecommunication Services industry. The industry median ROCE % is 7.72. Safaricom's value of 44.69% is 478.9% 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. Safaricom's current ROCE % of 44.69% is 478.9% 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. Safaricom's current ROCE % is 44.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safaricom stock overvalued right now?
Based on GuruFocus' analysis, Safaricom (NAI:SCOM) is currently considered Significantly Overvalued. The stock's GF Value™ is KES21.81, compared to a current price of KES33.60 — trading 54.1% above its estimated fair value. The current ROCE % is 44.69% and 478.9% above the Telecommunication Services industry median of 7.72. Safaricom's overall GF Score™ is 100/100 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 Safaricom (NAI:SCOM), the current ROCE % is 44.69% 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 Safaricom (NAI:SCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Safaricom stock appears to be overvalued. The current stock price of KES33.60 is trading 54.1% above its estimated GF Value™ of KES21.81. GuruFocus considers Safaricom to be Significantly Overvalued.

Key valuation signals for NAI:SCOM:

  • ROCE %: 44.69%
  • GF Value™: KES21.81 vs. price of KES33.60 (54.1% above fair value)
  • GF Score™: 100/100 with 4 warning signs
  • Industry Position: 478.9% above the Telecommunication Services median

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

Safaricom Business Description

Address Safaricom House, Waiyaki Way, P.O. Box 66827, Westlands, Nairobi, KEN, 00800
Safaricom PLC is a Kenya-based telecommunications company. The principal activities of the company are the provision of telecommunication services, providing a comprehensive range of integrated telecommunication services including voice and data both mobile and fixed, SMS, the internet, and m-pesa. The company also offers a wide range of devices such as Mobile handsets, mobile broadband modems, routers, tablets, and notebooks. The majority of its revenue comes from service revenues: Voice, m-pesa, mobile data, messaging, fixed data and other service revenue. The company serves both individual and corporate/enterprise customers.
100GF Score

Get the complete analysis for NAI:SCOM

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

KES33.60
Price
KES21.81
GF Value