AFMA (CAS:AFM) ROE % Adjusted to Book Value: 3.77% (As of Dec. 2025)

AFMA CAS:AFM 84 ROE % Adjusted to Book Value is 3.77% as of Dec. 2025. GuruFocus rates CAS:AFM with a GF Score™ of 84/100 and a GF Value™ of MAD1,572.88 (Modestly Undervalued). The stock has 4 warning signs investors should review.

AFMA's ROE % for the quarter that ended in Dec. 2025 was 65.37%. AFMA's PB Ratio for the quarter that ended in Dec. 2025 was 17.32. AFMA's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 3.77%.

AFMA ROE % Adjusted to Book Value Related Terms

AFMA ROE % Adjusted to Book Value Historical Data

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The historical data trend for AFMA'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.

AFMA ROE % Adjusted to Book Value Chart

AFMA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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4.89

4.85

5.26

0.00

5.96

AFMA 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															4.02	6.75	0.00	7.90	3.77

CAS:AFM vs MRSH, AON, AJG: ROE % Adjusted to Book Value Comparison

For the Insurance Brokers subindustry, AFMA'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.

AFMA ROE % Adjusted to Book Value vs Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's ROE % Adjusted to Book Value distribution charts can be found below:

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

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84GF Score

AFMA SA CAS:AFM

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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AFMA ROE % Adjusted to Book Value Calculation

AFMA'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
	=	103.25%	/	17.32
	=	5.96%

AFMA'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
	=	65.37%	/	17.32
	=	3.77%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 3.77% mean?

AFMA (CAS:AFM) has a ROE % Adjusted to Book Value of 3.77% 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 AFMA and its competitors.

Is AFMA's ROE % Adjusted to Book Value too high?

AFMA's current ROE % Adjusted to Book Value is 3.77%. Overall, AFMA has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does AFMA's ROE % Adjusted to Book Value compare to MRSH and AON?

AFMA's ROE % Adjusted to Book Value of 3.77% can be compared against companies in the Insurance 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 an Insurance company?

A good ROE % Adjusted to Book Value depends on the Insurance 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 AFMA and its competitors. AFMA's current ROE % Adjusted to Book Value is 3.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AFMA stock overvalued right now?

Based on GuruFocus' analysis, AFMA (CAS:AFM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,572.88, compared to a current price of MAD1,240.00 — trading 21.2% below its estimated fair value. The current ROE % Adjusted to Book Value is 3.77%. AFMA's overall GF Score™ is 84/100 with 4 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 AFMA (CAS:AFM), the current ROE % Adjusted to Book Value is 3.77% 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 AFMA (CAS:AFM) Overvalued in 2026?

Based on GuruFocus' analysis, AFMA stock appears to be undervalued. The current stock price of MAD1,240.00 is trading 21.2% below its estimated GF Value™ of MAD1,572.88. GuruFocus considers AFMA to be Modestly Undervalued.

Key valuation signals for CAS:AFM:

ROE % Adjusted to Book Value: 3.77%
GF Value™: MAD1,572.88 vs. price of MAD1,240.00 (21.2% below fair value)
GF Score™: 84/100 with 4 warning signs

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

AFMA Business Description

Industry Financial Services Insurance

Comparable Companies CAS:SAH MRSH AON AJG WTW BRO ERIE BOM:543390 NP ARX ASX:SDF CRVL SAU:8313 ASX:AUB BWIN XSGO:BANVIDA LIFE GSHD CRD.A LSE:SBRE

Address 22, Moulay Youssef bd, Casablanca, MAR, 20 070

Website http://www.afma.ma

AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.

84GF 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.

MAD1,240.00

Price

MAD1,572.88

GF Value

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