AF Gruppen ASAOSL:AFG -0.32%69 ROE % is 25.28% as of Mar. 2026, which is 36% below its 10-year median of 39.27. GuruFocus rates OSL:AFG with a GF Score™ of 69/100 and a GF Value™ of kr150.93 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,743 Construction companies, AF Gruppen ASA ranks better than 94.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. AF Gruppen ASA's annualized net income for the quarter that ended in Mar. 2026 was kr812 Mil. AF Gruppen ASA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was kr3,212 Mil. Therefore, AF Gruppen ASA's annualized ROE % for the quarter that ended in Mar. 2026 was 25.28%.
The historical rank and industry rank for AF Gruppen ASA's ROE % or its related term are showing as below:
OSL:AFG'
s ROE % Range Over the Past 10 Years
Min: 16.41 Med: 39.27 Max: 44.9
Current: 40.03
During the past 13 years, AF Gruppen ASA's highest ROE % was 44.90%. The lowest was 16.41%. And the median was 39.27%.
OSL:AFG's ROE % is ranked better than 94.84% of 1743
companies
in the Construction industry
Industry Median: 6.71
vs OSL:AFG: 40.03
AF Gruppen ASA (OSL:AFG) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
AF Gruppen ASA ROE % Related Terms
AF Gruppen ASA ROE % Historical Data
* Premium members only.
The historical data trend for AF Gruppen ASA'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 Engineering & Construction subindustry, AF Gruppen ASA'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.
AF Gruppen ASA ROE % vs Construction Industry
For the Construction industry and Industrials sector, AF Gruppen ASA's ROE % distribution charts can be found below:
* The bar in red indicates where AF Gruppen ASA'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
AF Gruppen ASA (OSL:AFG) has a ROE % of 25.28% 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 AF Gruppen ASA and its competitors. This is 36% below median its historical median of 39.27. Over the past decade, AF Gruppen ASA's ROE % has ranged from 16.41 to 44.90. According to the industry distribution chart, AF Gruppen ASA ranks #90 out of 1743 companies in the Construction industry, placing it in the top 5.2%.
Is AF Gruppen ASA's ROE % too high?
AF Gruppen ASA's current ROE % of 25.28% is 36% below median its 10-year median of 39.27. Over the past 10 years, this metric has ranged from a low of 16.41 to a high of 44.90. The Construction industry median ROE % is 6.71. AF Gruppen ASA's value of 25.28% is 276.8% above this industry median. Based on the distribution chart, AF Gruppen ASA ranks #90 out of 1743 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, AF Gruppen ASA has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AF Gruppen ASA's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, AF Gruppen ASA ranks #90 out of 1743 companies for ROE %. This places AF Gruppen ASA in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 6.71. AF Gruppen ASA's value of 25.28% is 276.8% above this benchmark. Historically, AF Gruppen ASA's own ROE % has ranged from 16.41 to 44.90 over the past decade. While the company's 10-year median is 39.27 vs. the industry median of 6.71, AF Gruppen ASA 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 Construction company?
The median ROE % among Construction companies is 6.71, based on 1,743 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. AF Gruppen ASA's current ROE % of 25.28% is 276.8% 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 AF Gruppen ASA and its competitors. For the Construction industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Gruppen ASA's current ROE % is 25.28%, which is 36% below median its own 10-year median of 39.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Gruppen ASA stock overvalued right now?
Based on GuruFocus' analysis, AF Gruppen ASA (OSL:AFG) is currently considered Modestly Overvalued. The stock's GF Value™ is kr150.93, compared to a current price of kr189.80 — trading 25.8% above its estimated fair value. The current ROE % is 25.28%, which is 36% below median its 10-year median of 39.27 and 276.8% above the Construction industry median of 6.71. AF Gruppen ASA's overall GF Score™ is 69/100 with 3 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 AF Gruppen ASA (OSL:AFG), the current ROE % is 25.28% 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 AF Gruppen ASA (OSL:AFG) Overvalued in 2026?
Based on GuruFocus' analysis, AF Gruppen ASA stock appears to be overvalued.
The current stock price of kr189.80 is trading 25.8% above its estimated GF Value™ of kr150.93.
GuruFocus considers AF Gruppen ASA to be Modestly Overvalued.
Key valuation signals for OSL:AFG:
ROE %: 25.28% (36% below median its 10-year median of 39.27)
GF Value™: kr150.93 vs. price of kr189.80 (25.8% above fair value)
Industry Position: 276.8% above the Construction median (#90 of 1743)
No single metric tells the full story. See the OSL:AFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AF Gruppen ASA A is one of Norway's contracting and industrial groups. The company provides services in areas of civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants.
69GF Score
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