AFMA (CAS:AFM) 3-Year RORE % : 37.16% (As of Dec. 2025)


CAS:AFM AFMA SA CAS:AFM
29 GF Score
Price MAD1,240.00
GF Value MAD1,573.26
Valuation Modestly Undervalued
! 4 Warning Signs
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What is AFMA 3-Year RORE %?

AFMA CAS:AFM 29 3-Year RORE % is 37.16 as of Dec. 2025. GuruFocus rates CAS:AFM with a GF Score™ of 29/100 and a GF Value™ of MAD1,573.26 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 476 Insurance companies, AFMA ranks better than 78.57% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. AFMA's 3-Year RORE % for the quarter that ended in Dec. 2025 was 37.16%.

The industry rank for AFMA's 3-Year RORE % or its related term are showing as below:

CAS:AFM's 3-Year RORE % is ranked better than
78.57% of 476 companies
in the Insurance industry
Industry Median: 11.865 vs CAS:AFM: 37.16

AFMA  (CAS:AFM) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


AFMA 3-Year RORE % Related Terms


AFMA 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for AFMA's 3-Year RORE % 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.

AFMA 3-Year RORE % Chart

AFMA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -223.48 191.98 10.14 46.42 37.16

AFMA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year RORE % 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 10.14 14.75 46.42 33.20 37.16

CAS:AFM vs MRSH, AON, AJG: 3-Year RORE % Comparison

For the Insurance Brokers subindustry, AFMA's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.


AFMA 3-Year RORE % vs Insurance Industry

For the Insurance industry and Financial Services sector, AFMA's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where AFMA's 3-Year RORE % falls into.


CAS:AFM
29GF Score
AFMA SA CAS:AFM
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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AFMA 3-Year RORE % Calculation

AFMA's 3-Year RORE % for the quarter that ended in Dec. 2025 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 73-59.996 )/( 204.996-170 )
=13.004/34.996
=37.16 %

* 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 37.16 mean?
AFMA (CAS:AFM) has a 3-Year RORE % of 37.16 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on AFMA and its competitors. According to the industry distribution chart, AFMA ranks #102 out of 476 companies in the Insurance industry, placing it in the top 21.4%.
Is AFMA's 3-Year RORE % too high?
AFMA's current 3-Year RORE % is 37.16. The Insurance industry median 3-Year RORE % is 11.87. AFMA's value of 37.16 is 213.2% above this industry median. Based on the distribution chart, AFMA ranks #102 out of 476 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, AFMA has a GF Score™ of 29/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AFMA's 3-Year RORE % compare to MRSH and AON?
According to the Insurance industry distribution chart, AFMA ranks #102 out of 476 companies for 3-Year RORE %. This places AFMA in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year RORE % is 11.87. AFMA's value of 37.16 is 213.2% 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 3-Year RORE % for an Insurance company?
The median 3-Year RORE % among Insurance companies is 11.87, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFMA's current 3-Year RORE % of 37.16 is 213.2% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on AFMA and its competitors. For the Insurance industry, the median 3-Year RORE % is 11.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFMA's current 3-Year RORE % is 37.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFMA stock overvalued right now?
Based on GuruFocus' analysis, AFMA (CAS:AFM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,573.26, compared to a current price of MAD1,240.00 — trading 21.2% below its estimated fair value. The current 3-Year RORE % is 37.16 and 213.2% above the Insurance industry median of 11.87. AFMA's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For AFMA (CAS:AFM), the current 3-Year RORE % is 37.16 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.

Is AFMA (CAS:AFM) Overvalued in 2026?

Based on GuruFocus' analysis, AFMA stock appears to be undervalued. The current stock price of MAD1,240.00 is trading 21.2% below its estimated GF Value™ of MAD1,573.26. GuruFocus considers AFMA to be Modestly Undervalued.

Key valuation signals for CAS:AFM:

  • 3-Year RORE %: 37.16
  • GF Value™: MAD1,573.26 vs. price of MAD1,240.00 (21.2% below fair value)
  • GF Score™: 29/100 with 4 warning signs
  • Industry Position: 213.2% above the Insurance median (#102 of 476)

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


AFMA Business Description

Address 22, Moulay Youssef bd, Casablanca, MAR, 20 070
AFMA SA provides insurance brokerage services in Morocco. It offers insurance products including Damage Insurance, Insurance Operating Losses, Civil Responsibilities, Car insurance, Transport Insurance, Construction-Related Insurance, Insurance of Persons and Credit insurance. It provides insurance services to both individuals and corporate clients.
29GF Score

Get the complete analysis for CAS:AFM

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

MAD1,240.00
Price
MAD1,573.26
GF Value