Afriquia GazCAS:GAZ 81 ROE % is 23.92% as of Dec. 2025, which is 7% above its 10-year median of 22.33. GuruFocus rates CAS:GAZ with a GF Score™ of 81/100 and a GF Value™ of MAD4,371.20 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 957 Oil & Gas companies, Afriquia Gaz ranks better than 87.25% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Afriquia Gaz's annualized net income for the quarter that ended in Dec. 2025 was MAD764 Mil. Afriquia Gaz's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was MAD3,196 Mil. Therefore, Afriquia Gaz's annualized ROE % for the quarter that ended in Dec. 2025 was 23.92%.
The historical rank and industry rank for Afriquia Gaz's ROE % or its related term are showing as below:
CAS:GAZ'
s ROE % Range Over the Past 10 Years
Min: 12.46 Med: 22.33 Max: 25.61
Current: 23.38
During the past 13 years, Afriquia Gaz's highest ROE % was 25.61%. The lowest was 12.46%. And the median was 22.33%.
CAS:GAZ's ROE % is ranked better than 87.25% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs CAS:GAZ: 23.38
Afriquia Gaz (CAS:GAZ) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Afriquia Gaz ROE % Related Terms
Afriquia Gaz ROE % Historical Data
* Premium members only.
The historical data trend for Afriquia Gaz's ROE % 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.
For the Oil & Gas Refining & Marketing subindustry, Afriquia Gaz's ROE %, along with its competitors' market caps and ROE % 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.
Afriquia Gaz ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Afriquia Gaz's ROE % distribution charts can be found below:
* The bar in red indicates where Afriquia Gaz's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Afriquia Gaz (CAS:GAZ) has a ROE % of 23.92% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afriquia Gaz and its competitors. This is near median its historical median of 22.33. Over the past decade, Afriquia Gaz's ROE % has ranged from 12.46 to 25.61. According to the industry distribution chart, Afriquia Gaz ranks #122 out of 957 companies in the Oil & Gas industry, placing it in the top 12.7%.
Is Afriquia Gaz's ROE % too high?
Afriquia Gaz's current ROE % of 23.92% is near median its 10-year median of 22.33. Over the past 10 years, this metric has ranged from a low of 12.46 to a high of 25.61. The Oil & Gas industry median ROE % is 5.71. Afriquia Gaz's value of 23.92% is 318.9% above this industry median. Based on the distribution chart, Afriquia Gaz ranks #122 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Afriquia Gaz has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afriquia Gaz's ROE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Afriquia Gaz ranks #122 out of 957 companies for ROE %. This places Afriquia Gaz in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.71. Afriquia Gaz's value of 23.92% is 318.9% above this benchmark. Historically, Afriquia Gaz's own ROE % has ranged from 12.46 to 25.61 over the past decade. While the company's 10-year median is 22.33 vs. the industry median of 5.71, Afriquia Gaz has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Afriquia Gaz's current ROE % of 23.92% is 318.9% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Afriquia Gaz and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afriquia Gaz's current ROE % is 23.92%, which is near median its own 10-year median of 22.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afriquia Gaz stock overvalued right now?
Based on GuruFocus' analysis, Afriquia Gaz (CAS:GAZ) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD4,371.20, compared to a current price of MAD3,675.00 — trading 15.9% below its estimated fair value. The current ROE % is 23.92%, which is near median its 10-year median of 22.33 and 318.9% above the Oil & Gas industry median of 5.71. Afriquia Gaz's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Afriquia Gaz (CAS:GAZ), the current ROE % is 23.92% 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 Afriquia Gaz (CAS:GAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Afriquia Gaz stock appears to be undervalued.
The current stock price of MAD3,675.00 is trading 15.9% below its estimated GF Value™ of MAD4,371.20.
GuruFocus considers Afriquia Gaz to be Modestly Undervalued.
Key valuation signals for CAS:GAZ:
ROE %: 23.92% (near median its 10-year median of 22.33)
GF Value™: MAD4,371.20 vs. price of MAD3,675.00 (15.9% below fair value)
Industry Position: 318.9% above the Oil & Gas median (#122 of 957)
No single metric tells the full story. See the CAS:GAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afriquia Gaz is a Morocco-based company engaged in the business of distributing liquefied petroleum gas (LPG) such as butane, propane and its by-products. The company is also involved in the import, export, trade, refining, storage, stocking, transportation, deposit and administration of LPG. It markets its products under five brands namely Afriquia Gaz, Tissir Gaz, Campingaz, Ultragaz and National Gaz.
81GF Score
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