Alexander Forbes Group HoldingsJSE:AFH +0.94%68 ROE % is 22.33% as of Mar. 2026, which is 64% above its 10-year median of 13.61. GuruFocus rates JSE:AFH with a GF Score™ of 68/100 and a GF Value™ of R8.61 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 493 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks better than 95.13% on this metric.
JSE:AFH'
s ROE % Range Over the Past 10 Years
Min: -2.77 Med: 13.61 Max: 22.89
Current: 21.87
During the past 13 years, Alexander Forbes Group Holdings's highest ROE % was 22.89%. The lowest was -2.77%. And the median was 13.61%.
JSE:AFH's ROE % is ranked better than 95.13% of 493
companies
in the Diversified Financial Services industry
Industry Median: 1.65
vs JSE:AFH: 21.87
Alexander Forbes Group Holdings (JSE:AFH) 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 (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
Alexander Forbes Group Holdings ROE % Related Terms
Alexander Forbes Group Holdings ROE % Historical Data
* 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 Financial Conglomerates subindustry, Alexander Forbes Group Holdings'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.
Alexander Forbes Group Holdings ROE % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's ROE % distribution charts can be found below:
* The bar in red indicates where Alexander Forbes Group Holdings'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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Alexander Forbes Group Holdings (JSE:AFH) has a ROE % of 22.33% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Alexander Forbes Group Holdings and its competitors. This is 64% above median its historical median of 13.61. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #24 out of 493 companies in the Diversified Financial Services industry, placing it in the top 4.9%.
Is Alexander Forbes Group Holdings' ROE % too high?
Alexander Forbes Group Holdings' current ROE % of 22.33% is 64% above median its 10-year median of 13.61. The Diversified Financial Services industry median ROE % is 1.65. Alexander Forbes Group Holdings' value of 22.33% is 1253.3% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #24 out of 493 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Alexander Forbes Group Holdings has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' ROE % compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #24 out of 493 companies for ROE %. This places Alexander Forbes Group Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 1.65. Alexander Forbes Group Holdings' value of 22.33% is 1253.3% above this benchmark. While the company's 10-year median is 13.61 vs. the industry median of 1.65, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median ROE % among Diversified Financial Services companies is 1.65, based on 493 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. Alexander Forbes Group Holdings's current ROE % of 22.33% is 1253.3% 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 Alexander Forbes Group Holdings and its competitors. For the Diversified Financial Services industry, the median ROE % is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current ROE % is 22.33%, which is 64% above median its own 10-year median of 13.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.61, compared to a current price of R7.50 — trading 12.9% below its estimated fair value. The current ROE % is 22.33%, which is 64% above median its 10-year median of 13.61 and 1253.3% above the Diversified Financial Services industry median of 1.65. Alexander Forbes Group Holdings' overall GF Score™ is 68/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current ROE % is 22.33% as of Mar. 2026. 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued.
The current stock price of R7.50 is trading 12.9% below its estimated GF Value™ of R8.61.
GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.
Key valuation signals for JSE:AFH:
ROE %: 22.33% (64% above median its 10-year median of 13.61)
GF Value™: R8.61 vs. price of R7.50 (12.9% below fair value)
Industry Position: 1253.3% above the Diversified Financial Services median (#24 of 493)
No single metric tells the full story. See the JSE:AFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alexander Forbes Group Holdings Business Description
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
68GF Score
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