Kazakhtelecom JSC (FRA:KZTA) ROE %: 11.94% (As of Sep. 2025) — 14% Below Median


FRA:KZTA Kazakhtelecom JSC FRA:KZTA
67 GF Score
Price €3.10
GF Value €3.74
Valuation Modestly Undervalued
! 13 Warning Signs
View Full Analysis

What is Kazakhtelecom JSC ROE %?

Kazakhtelecom JSC FRA:KZTA 67 ROE % is 11.94% as of Sep. 2025, which is 14% below its 10-year median of 13.83. GuruFocus rates FRA:KZTA with a GF Score™ of 67/100 and a GF Value™ of €3.74 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 347 Telecommunication Services companies, Kazakhtelecom JSC ranks better than 84.15% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Kazakhtelecom JSC's annualized net income for the quarter that ended in Sep. 2025 was €117.2 Mil. Kazakhtelecom JSC's average Total Stockholders Equity over the quarter that ended in Sep. 2025 was €981.0 Mil. Therefore, Kazakhtelecom JSC's annualized ROE % for the quarter that ended in Sep. 2025 was 11.94%.

The historical rank and industry rank for Kazakhtelecom JSC's ROE % or its related term are showing as below:

FRA:KZTA' s ROE % Range Over the Past 10 Years
Min: 7.03   Med: 13.83   Max: 24.5
Current: 24.5

During the past 13 years, Kazakhtelecom JSC's highest ROE % was 24.50%. The lowest was 7.03%. And the median was 13.83%.

FRA:KZTA's ROE % is ranked better than
84.15% of 347 companies
in the Telecommunication Services industry
Industry Median: 7.35 vs FRA:KZTA: 24.50

Kazakhtelecom JSC  (FRA:KZTA) 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:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=117.172/980.9645
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(117.172 / 875.884)*(875.884 / 2132.3095)*(2132.3095 / 980.9645)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.38 %*0.4108*2.1737
=ROA %*Equity Multiplier
=5.5 %*2.1737
=11.94 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2025 )
=Net Income/Total Stockholders Equity
=117.172/980.9645
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (117.172 / 207.02) * (207.02 / 165.424) * (165.424 / 875.884) * (875.884 / 2132.3095) * (2132.3095 / 980.9645)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.566 * 1.2515 * 18.89 % * 0.4108 * 2.1737
=11.94 %

Note: The net income data used here is four times the quarterly (Sep. 2025) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Kazakhtelecom JSC ROE % Related Terms


Kazakhtelecom JSC ROE % Historical Data

* Premium members only.

The historical data trend for Kazakhtelecom JSC'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.

Kazakhtelecom JSC ROE % Chart

Kazakhtelecom JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.68 17.52 18.59 13.61 9.76

Kazakhtelecom JSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
ROE % 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 17.84 12.56 52.74 13.30 11.94

FRA:KZTA vs TMUS, VZ, T: ROE % Comparison

For the Telecom Services subindustry, Kazakhtelecom JSC'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.


Kazakhtelecom JSC ROE % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kazakhtelecom JSC's ROE % distribution charts can be found below:

* The bar in red indicates where Kazakhtelecom JSC's ROE % falls into.


FRA:KZTA
67GF Score
Kazakhtelecom JSC FRA:KZTA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kazakhtelecom JSC ROE % Calculation

Kazakhtelecom JSC's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as

ROE %=Net Income (A: Dec. 2024 )/( (Total Stockholders Equity (A: Dec. 2023 )+Total Stockholders Equity (A: Dec. 2024 ))/ count )
=137.478/( (1411.832+1404.731)/ 2 )
=137.478/1408.2815
=9.76 %

Kazakhtelecom JSC's annualized ROE % for the quarter that ended in Sep. 2025 is calculated as

ROE %=Net Income (Q: Sep. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Sep. 2025 ))/ count )
=117.172/( (999.034+962.895)/ 2 )
=117.172/980.9645
=11.94 %

* 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 four times the quarterly (Sep. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 11.94% mean?
Kazakhtelecom JSC (FRA:KZTA) has a ROE % of 11.94% as of Sep. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Kazakhtelecom JSC and its competitors. This is 14% below median its historical median of 13.83. Over the past decade, Kazakhtelecom JSC's ROE % has ranged from 7.03 to 24.50. According to the industry distribution chart, Kazakhtelecom JSC ranks #55 out of 347 companies in the Telecommunication Services industry, placing it in the top 15.9%.
Is Kazakhtelecom JSC's ROE % too high?
Kazakhtelecom JSC's current ROE % of 11.94% is 14% below median its 10-year median of 13.83. Over the past 10 years, this metric has ranged from a low of 7.03 to a high of 24.50. The Telecommunication Services industry median ROE % is 7.35. Kazakhtelecom JSC's value of 11.94% is 62.4% above this industry median. Based on the distribution chart, Kazakhtelecom JSC ranks #55 out of 347 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Kazakhtelecom JSC has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kazakhtelecom JSC's ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Kazakhtelecom JSC ranks #55 out of 347 companies for ROE %. This places Kazakhtelecom JSC in the top 16% of its industry — outperforming the majority of peers. The industry median ROE % is 7.35. Kazakhtelecom JSC's value of 11.94% is 62.4% above this benchmark. Historically, Kazakhtelecom JSC's own ROE % has ranged from 7.03 to 24.50 over the past decade. While the company's 10-year median is 13.83 vs. the industry median of 7.35, Kazakhtelecom JSC 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 7.35, based on 347 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. Kazakhtelecom JSC's current ROE % of 11.94% is 62.4% 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 Kazakhtelecom JSC and its competitors. For the Telecommunication Services industry, the median ROE % is 7.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kazakhtelecom JSC's current ROE % is 11.94%, which is 14% below median its own 10-year median of 13.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kazakhtelecom JSC stock overvalued right now?
Based on GuruFocus' analysis, Kazakhtelecom JSC (FRA:KZTA) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.74, compared to a current price of €3.10 — trading 17.1% below its estimated fair value. The current ROE % is 11.94%, which is 14% below median its 10-year median of 13.83 and 62.4% above the Telecommunication Services industry median of 7.35. Kazakhtelecom JSC's overall GF Score™ is 67/100 with 13 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 Kazakhtelecom JSC (FRA:KZTA), the current ROE % is 11.94% as of Sep. 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 Kazakhtelecom JSC (FRA:KZTA) Overvalued in 2026?

Based on GuruFocus' analysis, Kazakhtelecom JSC stock appears to be undervalued. The current stock price of €3.10 is trading 17.1% below its estimated GF Value™ of €3.74. GuruFocus considers Kazakhtelecom JSC to be Modestly Undervalued.

Key valuation signals for FRA:KZTA:

  • ROE %: 11.94% (14% below median its 10-year median of 13.83)
  • GF Value™: €3.74 vs. price of €3.10 (17.1% below fair value)
  • GF Score™: 67/100 with 13 warning signs
  • Industry Position: 62.4% above the Telecommunication Services median (#55 of 347)

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


Kazakhtelecom JSC Business Description

Address 12, Sauran Street, Essil District, Nur-Sultan, KAZ, 010000
Kazakhtelecom JSC is engaged in providing telecommunication services. The company offers fixed line and mobile telecommunication services which include local, long-distance intercity, and international telecommunication services including CIS and non-CIS countries. In addition, it also provides rent of channels, data transfer services, and wireless communication services. The group operating segments include Fixed lines; Mobile telecommunication services in GSM and LTE standards and others. It generates maximum revenue from Mobile telecommunication services in GSM and LTE standards segment.
67GF Score

Get the complete analysis for FRA:KZTA

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

€3.10
Price
€3.74
GF Value