Africa Opportunity FundLSE:AOF 36 ROE % is 43.34% as of Dec. 2025. GuruFocus rates LSE:AOF with a GF Score™ of 36/100. The stock has 5 warning signs investors should review. Among 1,609 Asset Management companies, Africa Opportunity Fund ranks better than 86.39% on this metric.
The historical rank and industry rank for Africa Opportunity Fund's ROE % or its related term are showing as below:
LSE:AOF'
s ROE % Range Over the Past 10 Years
Min: -31.82 Med: -3.13 Max: 44.06
Current: 23.61
During the past 13 years, Africa Opportunity Fund's highest ROE % was 44.06%. The lowest was -31.82%. And the median was -3.13%.
LSE:AOF's ROE % is ranked better than 86.39% of 1609
companies
in the Asset Management industry
Industry Median: 6.52
vs LSE:AOF: 23.61
Africa Opportunity Fund (LSE:AOF) 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.
* 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, Africa Opportunity Fund'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.
Africa Opportunity Fund ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Africa Opportunity Fund's ROE % distribution charts can be found below:
* The bar in red indicates where Africa Opportunity Fund'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.
Africa Opportunity Fund (LSE:AOF) has a ROE % of 43.34% 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 Africa Opportunity Fund and its competitors. According to the industry distribution chart, Africa Opportunity Fund ranks #219 out of 1609 companies in the Asset Management industry, placing it in the top 13.6%.
Is Africa Opportunity Fund's ROE % too high?
Africa Opportunity Fund's current ROE % is 43.34%. The Asset Management industry median ROE % is 6.52. Africa Opportunity Fund's value of 43.34% is 564.7% above this industry median. Based on the distribution chart, Africa Opportunity Fund ranks #219 out of 1609 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Africa Opportunity Fund has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Africa Opportunity Fund's ROE % compare to BLK and BX?
According to the Asset Management industry distribution chart, Africa Opportunity Fund ranks #219 out of 1609 companies for ROE %. This places Africa Opportunity Fund in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 6.52. Africa Opportunity Fund's value of 43.34% is 564.7% above this benchmark. 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 6.52, based on 1,609 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. Africa Opportunity Fund's current ROE % of 43.34% is 564.7% 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 Africa Opportunity Fund and its competitors. For the Asset Management industry, the median ROE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Africa Opportunity Fund's current ROE % is 43.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Africa Opportunity Fund stock overvalued right now?
Africa Opportunity Fund (LSE:AOF) has a current ROE % of 43.34%. The current ROE % is 43.34% and 564.7% above the Asset Management industry median of 6.52. Africa Opportunity Fund's overall GF Score™ is 36/100 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 Africa Opportunity Fund (LSE:AOF), the current ROE % is 43.34% 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.
Africa Opportunity Fund Ltd operates in the United Kingdom's financial service sector and is a closed-end investment company formed with the objective of achieving capital growth and income through investments in value, arbitrage, and special situations opportunities derived from the continent of Africa. The company is organized into one main operating segment, which invests in equity securities, debt instruments, and relative derivatives. All of the Companies activities are interrelated, and each activity is dependent on the others.
36GF Score
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