West African Resources (ASX:WAF) ROE % Adjusted to Book Value: 18.28% (As of Dec. 2025)


ASX:WAF West African Resources Ltd ASX:WAF
97 GF Score
Price A$2.88
GF Value A$3.32
Valuation Modestly Undervalued
! 3 Warning Signs
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What is West African Resources ROE % Adjusted to Book Value?

West African Resources ASX:WAF -0.69% 97 ROE % Adjusted to Book Value is 18.28% as of Dec. 2025. GuruFocus rates ASX:WAF with a GF Score™ of 97/100 and a GF Value™ of A$3.32 (Modestly Undervalued). The stock has 3 warning signs investors should review.

West African Resources's ROE % for the quarter that ended in Dec. 2025 was 36.38%. West African Resources's PB Ratio for the quarter that ended in Dec. 2025 was 1.99. West African Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 18.28%.


West African Resources ROE % Adjusted to Book Value Related Terms


West African Resources ROE % Adjusted to Book Value Historical Data

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The historical data trend for West African Resources's ROE % Adjusted to Book Value 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.

West African Resources ROE % Adjusted to Book Value Chart

West African Resources Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.30 15.60 16.65 16.21 16.05

West African Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value 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 15.54 10.37 19.78 15.41 18.28

ASX:WAF vs NEM, AU: ROE % Adjusted to Book Value Comparison

For the Gold subindustry, West African Resources's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


West African Resources ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West African Resources's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where West African Resources's ROE % Adjusted to Book Value falls into.


ASX:WAF
97GF Score
West African Resources Ltd ASX:WAF
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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West African Resources ROE % Adjusted to Book Value Calculation

West African Resources's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=31.94% / 1.99
=16.05%

West African Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=36.38% / 1.99
=18.28%

* 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 ROE % Adjusted to Book Value of 18.28% mean?
West African Resources (ASX:WAF) has a ROE % Adjusted to Book Value of 18.28% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on West African Resources and its competitors.
Is West African Resources' ROE % Adjusted to Book Value too high?
West African Resources' current ROE % Adjusted to Book Value is 18.28%. Overall, West African Resources has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' ROE % Adjusted to Book Value compare to NEM and AU?
West African Resources' ROE % Adjusted to Book Value of 18.28% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on West African Resources and its competitors. West African Resources's current ROE % Adjusted to Book Value is 18.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (ASX:WAF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.32, compared to a current price of A$2.88 — trading 13.3% below its estimated fair value. The current ROE % Adjusted to Book Value is 18.28%. West African Resources' overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For West African Resources (ASX:WAF), the current ROE % Adjusted to Book Value is 18.28% 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 West African Resources (ASX:WAF) Overvalued in 2026?

Based on GuruFocus' analysis, West African Resources stock appears to be undervalued. The current stock price of A$2.88 is trading 13.3% below its estimated GF Value™ of A$3.32. GuruFocus considers West African Resources to be Modestly Undervalued.

Key valuation signals for ASX:WAF:

  • ROE % Adjusted to Book Value: 18.28%
  • GF Value™: A$3.32 vs. price of A$2.88 (13.3% below fair value)
  • GF Score™: 97/100 with 3 warning signs

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


West African Resources Business Description

Other Exchanges WFRSF:USAW25:Germany
Address 1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
97GF Score

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

A$2.88
Price
A$3.32
GF Value