AFMA (CAS:AFM) Tax Rate %: 31.81% (As of Dec. 2025)

What is AFMA Tax Rate %?

AFMA CAS:AFM 26 Tax Rate % is 31.81% as of Dec. 2025. GuruFocus rates CAS:AFM with a GF Score™ of 26/100 and a GF Value™ of MAD1,575.56 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. AFMA's Tax Expense for the six months ended in Dec. 2025 was MAD9.3 Mil. AFMA's Pre-Tax Income for the six months ended in Dec. 2025 was MAD29.2 Mil. Therefore, AFMA's Tax Rate % for the quarter that ended in Dec. 2025 was 31.81%.

AFMA Tax Rate % Related Terms

AFMA Tax Rate % Historical Data

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The historical data trend for AFMA's Tax Rate % 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 Tax Rate % Chart

AFMA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Tax Rate %

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30.95

32.40

32.77

27.48

25.72

AFMA Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Tax Rate %	Get a 7-Day Free Trial															36.52	26.77	28.72	23.17	31.81

26GF Score

AFMA SA CAS:AFM

Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.

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AFMA Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

AFMA's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2025 )	/	Pre-Tax Income (A: Dec. 2025 )
	=	25.433	/	98.883
	=	25.72 %

AFMA's Tax Rate % for the quarter that ended in Dec. 2025 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2025 )	/	Pre-Tax Income (Q: Dec. 2025 )
	=	9.285	/	29.193
	=	31.81 %

Frequently Asked Questions Learn more about Tax Rate % →

What does a Tax Rate % of 31.81% mean?

AFMA (CAS:AFM) has a Tax Rate % of 31.81% as of Dec. 2025.

Is AFMA's Tax Rate % too high?

AFMA's current Tax Rate % is 31.81%. Overall, AFMA has a GF Score™ of 26/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does AFMA's Tax Rate % compare to MRSH and AON?

AFMA's Tax Rate % of 31.81% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Tax Rate % for an Insurance company?

A good Tax Rate % depends on the Insurance industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Tax Rate % mean?

A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. AFMA's current Tax Rate % is 31.81%. 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 MAD1,575.56, compared to a current price of MAD1,240.00 — trading 21.3% below its estimated fair value. The current Tax Rate % is 31.81%. AFMA's overall GF Score™ is 26/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Tax Rate % calculated?

Tax Rate % is calculated from a company's financial statements. For AFMA (CAS:AFM), the current Tax Rate % is 31.81% 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 21.3% below its estimated GF Value™ of MAD1,575.56. GuruFocus considers AFMA to be Modestly Undervalued.

Key valuation signals for CAS:AFM:

Tax Rate %: 31.81%
GF Value™: MAD1,575.56 vs. price of MAD1,240.00 (21.3% below fair value)
GF Score™: 26/100 with 4 warning signs

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

Industry Financial Services Insurance

Comparable Companies CAS:AGM CAS:SAH MRSH AON AJG WTW BRO ERIE BOM:543390 NP ASX:SDF CRVL SAU:8313 ARX ASX:AUB BWIN MEX:GPROFUT XSGO:BANVIDA LIFE GSHD

Address 22, Moulay Youssef bd, Casablanca, MAR, 20 070

Website http://www.afma.ma

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.

26GF Score

Get the complete analysis for CAS:AFM

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

MAD1,240.00

Price

MAD1,575.56

GF Value

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