Coronation Fund ManagersJSE:CML +1.58%76 ROE % is 58.79% as of Mar. 2026, which is 14% below its 10-year median of 68.13. GuruFocus rates JSE:CML with a GF Score™ of 76/100 and a GF Value™ of R42.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,612 Asset Management companies, Coronation Fund Managers ranks better than 97.95% on this metric.
The historical rank and industry rank for Coronation Fund Managers's ROE % or its related term are showing as below:
JSE:CML'
s ROE % Range Over the Past 10 Years
Min: 31.13 Med: 68.13 Max: 96.23
Current: 67.16
During the past 13 years, Coronation Fund Managers's highest ROE % was 96.23%. The lowest was 31.13%. And the median was 68.13%.
JSE:CML's ROE % is ranked better than 97.95% of 1612
companies
in the Asset Management industry
Industry Median: 6.395
vs JSE:CML: 67.16
Coronation Fund Managers (JSE:CML) 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.
* 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 Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's ROE % distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers'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.
Coronation Fund Managers (JSE:CML) has a ROE % of 58.79% 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 Coronation Fund Managers and its competitors. This is 14% below median its historical median of 68.13. Over the past decade, Coronation Fund Managers' ROE % has ranged from 31.13 to 96.23. According to the industry distribution chart, Coronation Fund Managers ranks #33 out of 1612 companies in the Asset Management industry, placing it in the top 2%.
Is Coronation Fund Managers' ROE % too high?
Coronation Fund Managers' current ROE % of 58.79% is 14% below median its 10-year median of 68.13. Over the past 10 years, this metric has ranged from a low of 31.13 to a high of 96.23. The Asset Management industry median ROE % is 6.40. Coronation Fund Managers' value of 58.79% is 819.3% above this industry median. Based on the distribution chart, Coronation Fund Managers ranks #33 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Coronation Fund Managers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #33 out of 1612 companies for ROE %. This places Coronation Fund Managers in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.40. Coronation Fund Managers' value of 58.79% is 819.3% above this benchmark. Historically, Coronation Fund Managers' own ROE % has ranged from 31.13 to 96.23 over the past decade. While the company's 10-year median is 68.13 vs. the industry median of 6.40, Coronation Fund Managers 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 Asset Management company?
The median ROE % among Asset Management companies is 6.40, based on 1,612 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. Coronation Fund Managers's current ROE % of 58.79% is 819.3% 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 Coronation Fund Managers and its competitors. For the Asset Management industry, the median ROE % is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coronation Fund Managers's current ROE % is 58.79%, which is 14% below median its own 10-year median of 68.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R42.09, compared to a current price of R39.87 — trading 5.3% below its estimated fair value. The current ROE % is 58.79%, which is 14% below median its 10-year median of 68.13 and 819.3% above the Asset Management industry median of 6.40. Coronation Fund Managers' overall GF Score™ is 76/100 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 Coronation Fund Managers (JSE:CML), the current ROE % is 58.79% 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 Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R39.87 is trading 5.3% below its estimated GF Value™ of R42.09.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
ROE %: 58.79% (14% below median its 10-year median of 68.13)
GF Value™: R42.09 vs. price of R39.87 (5.3% below fair value)
Industry Position: 819.3% above the Asset Management median (#33 of 1612)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
76GF Score
Get the complete analysis for JSE:CML
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:CML has been successfully added to your 
