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TRX GoldTRX +1.80%55 Equity-to-Asset is 0.51 as of May. 2026, which is 20% below its 10-year median of 0.64. GuruFocus rates TRX with a GF Score™ of 55/100 and a GF Value™ of $1.17 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,681 Metals & Mining companies, TRX Gold ranks worse than 72.58% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. TRX Gold's Total Stockholders Equity for the quarter that ended in May. 2026 was $88.3 Mil. TRX Gold's Total Assets for the quarter that ended in May. 2026 was $174.1 Mil.
Therefore, TRX Gold's Equity to Asset Ratio for the quarter that ended in May. 2026 was 0.51.
The historical rank and industry rank for TRX Gold's Equity-to-Asset or its related term are showing as below:
TRX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.42 Med: 0.64 Max: 0.87
Current: 0.51
During the past 13 years, the highest Equity to Asset Ratio of TRX Gold was 0.87. The lowest was 0.42. And the median was 0.64.
TRX's Equity-to-Asset is ranked worse than 72.58% of 2681
companies
in the Metals & Mining industry
Industry Median: 0.81
vs TRX: 0.51
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
TRX Gold Equity-to-Asset Related Terms
TRX Gold Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for TRX Gold's Equity-to-Asset 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 Gold subindustry, TRX Gold's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
TRX Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where TRX Gold's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
TRX Gold's Equity to Asset Ratio for the fiscal year that ended in Aug. 2025 is calculated as
* 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.
TRX Gold (TRX) has a Equity-to-Asset of 0.51 as of May. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TRX Gold and its competitors. This is 20% below median its historical median of 0.64. Over the past decade, TRX Gold's Equity-to-Asset has ranged from 0.42 to 0.87. According to the industry distribution chart, TRX Gold ranks #1946 out of 2681 companies in the Metals & Mining industry, placing it in the top 72.6%.
Is TRX Gold's Equity-to-Asset too high?
TRX Gold's current Equity-to-Asset of 0.51 is 20% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.87. The Metals & Mining industry median Equity-to-Asset is 0.81. TRX Gold's value of 0.51 is 37% below this industry median. Based on the distribution chart, TRX Gold ranks #1946 out of 2681 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, TRX Gold has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #1946 out of 2681 companies for Equity-to-Asset. This places TRX Gold in the lower half of its industry. The industry median Equity-to-Asset is 0.81. TRX Gold's value of 0.51 is 37% below this benchmark. Historically, TRX Gold's own Equity-to-Asset has ranged from 0.42 to 0.87 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.81, TRX Gold has consistently been below 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 Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.81, based on 2,681 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TRX Gold's current Equity-to-Asset of 0.51 is 37% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on TRX Gold and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRX Gold's current Equity-to-Asset is 0.51, which is 20% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Fairly Valued. The stock's GF Value™ is $1.17, compared to a current price of $1.13 — trading 3.4% below its estimated fair value. The current Equity-to-Asset is 0.51, which is 20% below median its 10-year median of 0.64 and 37% below the Metals & Mining industry median of 0.81. TRX Gold's overall GF Score™ is 55/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For TRX Gold (TRX), the current Equity-to-Asset is 0.51 as of May. 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 TRX Gold (TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of $1.13 is trading 3.4% below its estimated GF Value™ of $1.17.
GuruFocus considers TRX Gold to be Fairly Valued.
Key valuation signals for TRX:
Equity-to-Asset: 0.51 (20% below median its 10-year median of 0.64)
GF Value™: $1.17 vs. price of $1.13 (3.4% below fair value)
Industry Position: 37% below the Metals & Mining median (#1946 of 2681)
No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
55GF Score
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