AECI (JSE:AFE) ROE % Adjusted to Book Value: 1.13% (As of Dec. 2025)

AECI JSE:AFE -1.23% 66 ROE % Adjusted to Book Value is 1.13% as of Dec. 2025. GuruFocus rates JSE:AFE with a GF Score™ of 66/100 and a GF Value™ of R91.03 (Significantly Overvalued). The stock has 6 warning signs investors should review.

AECI's ROE % for the quarter that ended in Dec. 2025 was 0.93%. AECI's PB Ratio for the quarter that ended in Dec. 2025 was 0.82. AECI's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 1.13%.

AECI ROE % Adjusted to Book Value Related Terms

AECI ROE % Adjusted to Book Value Historical Data

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The historical data trend for AECI'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.

AECI ROE % Adjusted to Book Value Chart

AECI Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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9.98

10.20

10.38

-2.96

3.82

AECI 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															9.38	4.34	-11.17	5.52	1.13

JSE:AFE vs LIN, SHW, ECL: ROE % Adjusted to Book Value Comparison

For the Specialty Chemicals subindustry, AECI'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.

AECI ROE % Adjusted to Book Value vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, AECI's ROE % Adjusted to Book Value distribution charts can be found below:

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

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66GF Score

AECI Ltd JSE:AFE

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

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AECI ROE % Adjusted to Book Value Calculation

AECI'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
	=	3.13%	/	0.82
	=	3.82%

AECI'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
	=	0.93%	/	0.82
	=	1.13%

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

What does a ROE % Adjusted to Book Value of 1.13% mean?

AECI (JSE:AFE) has a ROE % Adjusted to Book Value of 1.13% 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 AECI and its competitors.

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

AECI's current ROE % Adjusted to Book Value is 1.13%. Overall, AECI has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does AECI's ROE % Adjusted to Book Value compare to LIN and SHW?

AECI's ROE % Adjusted to Book Value of 1.13% can be compared against companies in the Chemicals 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 Chemicals company?

A good ROE % Adjusted to Book Value depends on the Chemicals 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 AECI and its competitors. AECI's current ROE % Adjusted to Book Value is 1.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AECI stock overvalued right now?

Based on GuruFocus' analysis, AECI (JSE:AFE) is currently considered Significantly Overvalued. The stock's GF Value™ is R91.03, compared to a current price of R124.00 — trading 36.2% above its estimated fair value. The current ROE % Adjusted to Book Value is 1.13%. AECI's overall GF Score™ is 66/100 with 6 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 AECI (JSE:AFE), the current ROE % Adjusted to Book Value is 1.13% 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 AECI (JSE:AFE) Overvalued in 2026?

Based on GuruFocus' analysis, AECI stock appears to be overvalued. The current stock price of R124.00 is trading 36.2% above its estimated GF Value™ of R91.03. GuruFocus considers AECI to be Significantly Overvalued.

Key valuation signals for JSE:AFE:

ROE % Adjusted to Book Value: 1.13%
GF Value™: R91.03 vs. price of R124.00 (36.2% above fair value)
GF Score™: 66/100 with 6 warning signs

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

AECI Business Description

Industry Basic Materials Chemicals

Comparable Companies LIN XPAR:AI SHW ECL APD SHSE:603256 XSWX:GIVN TPE:1303 XSWX:SIKA SHSE:600309 SHSE:688146 OCSE:NSIS B PPG BOM:500820 XAMS:DSFIR XSGO:SQM-B ADX:BOROUGE XSWX:EMSN IFF DD

Other Exchanges AFEP.PFD:South Africa A7Z:Germany

Address Woodlands Drive, 24 The Woodlands, First Floor, AECI Place, Woodmead, Sandton, Johannesburg, ZAF, 2191

Website https://www.aeciworld.com

AECI Ltd is a diversified group operating predominantly in the chemicals industry. The company performs its various business activities in the following reportable segments: AECI Mining, AECI Chemicals, AECI Managed Businesses, and AECI Property Services and Corporate. A majority of its revenue is generated from the AECI Mining segment, which provides a mine-to-mineral solution for the international mining sector. The offerings under this segment include commercial explosives, initiating systems, blasting services, and surfactants for explosives manufacture across the value chain to chemicals for ore beneficiation and tailings treatment. Geographically, the group generates a majority of its revenue from Africa, followed by Asia-Pacific, Europe, North America, and Latin America.

66GF 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.

R124.00

Price

R91.03

GF Value

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