Maroc TelecomCAS:IAM 79 ROE % is 32.23% as of Dec. 2025, which is 11% below its 10-year median of 36.39. GuruFocus rates CAS:IAM with a GF Score™ of 79/100 and a GF Value™ of MAD99.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 349 Telecommunication Services companies, Maroc Telecom ranks better than 94.27% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Maroc Telecom's annualized net income for the quarter that ended in Dec. 2025 was MAD5,702 Mil. Maroc Telecom's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was MAD17,693 Mil. Therefore, Maroc Telecom's annualized ROE % for the quarter that ended in Dec. 2025 was 32.23%.
The historical rank and industry rank for Maroc Telecom's ROE % or its related term are showing as below:
CAS:IAM'
s ROE % Range Over the Past 10 Years
Min: 11.24 Med: 36.39 Max: 43.75
Current: 41.56
During the past 13 years, Maroc Telecom's highest ROE % was 43.75%. The lowest was 11.24%. And the median was 36.39%.
CAS:IAM's ROE % is ranked better than 94.27% of 349
companies
in the Telecommunication Services industry
Industry Median: 7.41
vs CAS:IAM: 41.56
Maroc Telecom (CAS:IAM) 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.
Maroc Telecom ROE % Related Terms
Maroc Telecom ROE % Historical Data
* Premium members only.
The historical data trend for Maroc Telecom'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 Telecom Services subindustry, Maroc Telecom'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.
Maroc Telecom ROE % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Maroc Telecom's ROE % distribution charts can be found below:
* The bar in red indicates where Maroc Telecom'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.
Maroc Telecom (CAS:IAM) has a ROE % of 32.23% 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 Maroc Telecom and its competitors. This is 11% below median its historical median of 36.39. Over the past decade, Maroc Telecom's ROE % has ranged from 11.24 to 43.75. According to the industry distribution chart, Maroc Telecom ranks #20 out of 349 companies in the Telecommunication Services industry, placing it in the top 5.7%.
Is Maroc Telecom's ROE % too high?
Maroc Telecom's current ROE % of 32.23% is 11% below median its 10-year median of 36.39. Over the past 10 years, this metric has ranged from a low of 11.24 to a high of 43.75. The Telecommunication Services industry median ROE % is 7.41. Maroc Telecom's value of 32.23% is 335% above this industry median. Based on the distribution chart, Maroc Telecom ranks #20 out of 349 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maroc Telecom has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maroc Telecom's ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Maroc Telecom ranks #20 out of 349 companies for ROE %. This places Maroc Telecom in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 7.41. Maroc Telecom's value of 32.23% is 335% above this benchmark. Historically, Maroc Telecom's own ROE % has ranged from 11.24 to 43.75 over the past decade. While the company's 10-year median is 36.39 vs. the industry median of 7.41, Maroc Telecom 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 a Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.41, based on 349 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. Maroc Telecom's current ROE % of 32.23% is 335% 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 Maroc Telecom and its competitors. For the Telecommunication Services industry, the median ROE % is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maroc Telecom's current ROE % is 32.23%, which is 11% below median its own 10-year median of 36.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maroc Telecom stock overvalued right now?
Based on GuruFocus' analysis, Maroc Telecom (CAS:IAM) is currently considered Fairly Valued. The stock's GF Value™ is MAD99.47, compared to a current price of MAD91.68 — trading 7.8% below its estimated fair value. The current ROE % is 32.23%, which is 11% below median its 10-year median of 36.39 and 335% above the Telecommunication Services industry median of 7.41. Maroc Telecom's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Maroc Telecom (CAS:IAM), the current ROE % is 32.23% 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 Maroc Telecom (CAS:IAM) Overvalued in 2026?
Based on GuruFocus' analysis, Maroc Telecom stock appears to be undervalued.
The current stock price of MAD91.68 is trading 7.8% below its estimated GF Value™ of MAD99.47.
GuruFocus considers Maroc Telecom to be Fairly Valued.
Key valuation signals for CAS:IAM:
ROE %: 32.23% (11% below median its 10-year median of 36.39)
GF Value™: MAD99.47 vs. price of MAD91.68 (7.8% below fair value)
Industry Position: 335% above the Telecommunication Services median (#20 of 349)
No single metric tells the full story. See the CAS:IAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.
79GF Score
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