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Fortuna MiningFSM +11.29%89 Degree of Operating Leverage is 3.19 as of Jun. 2026. GuruFocus rates FSM with a GF Score™ of 89/100 and a GF Value™ of $7.78 (Significantly Overvalued). Among 745 Metals & Mining companies, Fortuna Mining ranks worse than 73.56% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Fortuna Mining's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 3.19. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Fortuna Mining's Degree of Operating Leverage or its related term are showing as below:
FSM's Degree of Operating Leverage is ranked worse than 73.56% of 745
companies
in the Metals & Mining industry
Industry Median: 1.28
vs FSM: 3.19
Fortuna Mining (NYSE:FSM) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Fortuna Mining Degree of Operating Leverage Related Terms
Fortuna Mining Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Fortuna Mining's Degree of Operating Leverage 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.
FSM vs NEM, AU: Degree of Operating Leverage Comparison
For the Gold subindustry, Fortuna Mining's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
Fortuna Mining Degree of Operating Leverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Fortuna Mining's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 3.19 mean?
Fortuna Mining (FSM) has a Degree of Operating Leverage of 3.19 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Fortuna Mining and its competitors. According to the industry distribution chart, Fortuna Mining ranks #548 out of 745 companies in the Metals & Mining industry, placing it in the top 73.6%.
Is Fortuna Mining's Degree of Operating Leverage too high?
Fortuna Mining's current Degree of Operating Leverage is 3.19. The Metals & Mining industry median Degree of Operating Leverage is 1.28. Fortuna Mining's value of 3.19 is 149.2% above this industry median. Based on the distribution chart, Fortuna Mining ranks #548 out of 745 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Fortuna Mining has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Degree of Operating Leverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #548 out of 745 companies for Degree of Operating Leverage. This places Fortuna Mining in the lower half of its industry. The industry median Degree of Operating Leverage is 1.28. Fortuna Mining's value of 3.19 is 149.2% 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 Degree of Operating Leverage for a Metals & Mining company?
The median Degree of Operating Leverage among Metals & Mining companies is 1.28, based on 745 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortuna Mining's current Degree of Operating Leverage of 3.19 is 149.2% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Fortuna Mining and its competitors. For the Metals & Mining industry, the median Degree of Operating Leverage is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortuna Mining's current Degree of Operating Leverage is 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (FSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.78, compared to a current price of $11.63 — trading 49.5% above its estimated fair value. The current Degree of Operating Leverage is 3.19 and 149.2% above the Metals & Mining industry median of 1.28. Fortuna Mining's overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Fortuna Mining (FSM), the current Degree of Operating Leverage is 3.19 as of Jun. 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 Fortuna Mining (FSM) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of $11.63 is trading 49.5% above its estimated GF Value™ of $7.78.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for FSM:
Degree of Operating Leverage: 3.19
GF Value™: $7.78 vs. price of $11.63 (49.5% above fair value)
Industry Position: 149.2% above the Metals & Mining median (#548 of 745)
No single metric tells the full story. See the FSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
89GF Score
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