Net margin is calculated as Net Income divided by its Revenue. 29Metals's Net Income for the
six
months ended in Dec. 2025 was A$-11.1 Mil. 29Metals's Revenue for the
six
months ended in Dec. 2025 was A$297.3 Mil. Therefore, 29Metals's net margin for the quarter that ended in Dec. 2025 was -3.75%.
The historical rank and industry rank for 29Metals's Net Margin % or its related term are showing as below:
ASX:29M'
s Net Margin % Range Over the Past 10 Years
Min: -97.05 Med: -6.61 Max: 20.38
Current: 4.27
ASX:29M's Net Margin % is ranked better than 52.79% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs ASX:29M: 4.27
29Metals (ASX:29M) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
29Metals Net Margin % Related Terms
29Metals Net Margin % Historical Data
* Premium members only.
The historical data trend for 29Metals's Net Margin % 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 Other Precious Metals & Mining subindustry, 29Metals's Net Margin %, along with its competitors' market caps and Net Margin % 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.
29Metals Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, 29Metals's Net Margin % distribution charts can be found below:
* The bar in red indicates where 29Metals's Net Margin % 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.
29Metals (ASX:29M) has a Net Margin % of -3.75% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on 29Metals and its competitors. According to the industry distribution chart, 29Metals ranks #398 out of 843 companies in the Metals & Mining industry, placing it in the top 47.2%.
Is 29Metals' Net Margin % too high?
29Metals' current Net Margin % is -3.75%. Based on the distribution chart, 29Metals ranks #398 out of 843 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, 29Metals has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 29Metals' Net Margin % compare to HL?
According to the Metals & Mining industry distribution chart, 29Metals ranks #398 out of 843 companies for Net Margin %. This puts 29Metals in the upper half of its industry. The industry median Net Margin % is 3.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on 29Metals and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 29Metals's current Net Margin % is -3.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 29Metals stock overvalued right now?
Based on GuruFocus' analysis, 29Metals (ASX:29M) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.19, compared to a current price of A$0.25 — trading 28.9% above its estimated fair value. The current Net Margin % is -3.75%. 29Metals' overall GF Score™ is 35/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For 29Metals (ASX:29M), the current Net Margin % is -3.75% 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 29Metals (ASX:29M) Overvalued in 2026?
Based on GuruFocus' analysis, 29Metals stock appears to be overvalued.
The current stock price of A$0.25 is trading 28.9% above its estimated GF Value™ of A$0.19.
GuruFocus considers 29Metals to be Modestly Overvalued.
Key valuation signals for ASX:29M:
Net Margin %: -3.75%
GF Value™: A$0.19 vs. price of A$0.25 (28.9% above fair value)
No single metric tells the full story. See the ASX:29M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of company's revenue is generated from golden grove.
35GF Score
Get the complete analysis for ASX:29M
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:29M has been successfully added to your 
