Thor ExplorationsTSXV:THX -1.87%43 Net Margin % is 62.93% as of Mar. 2026, which is 168% above its 10-year median of 23.49. GuruFocus rates TSXV:THX with a GF Score™ of 43/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 843 Metals & Mining companies, Thor Explorations ranks better than 94.9% on this metric.
The historical rank and industry rank for Thor Explorations's Net Margin % or its related term are showing as below:
TSXV:THX'
s Net Margin % Range Over the Past 10 Years
Min: -34.2 Med: 23.49 Max: 62.1
Current: 62.1
TSXV:THX's Net Margin % is ranked better than 94.9% of 843
companies
in the Metals & Mining industry
Industry Median: 3.44
vs TSXV:THX: 62.10
Thor Explorations (TSXV:THX) 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.
Thor Explorations Net Margin % Related Terms
Thor Explorations Net Margin % Historical Data
* Premium members only.
The historical data trend for Thor Explorations'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 Gold subindustry, Thor Explorations'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.
Thor Explorations Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Net Margin % distribution charts can be found below:
* The bar in red indicates where Thor Explorations'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.
Thor Explorations (TSXV:THX) has a Net Margin % of 62.93% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Thor Explorations and its competitors. This is 168% above median its historical median of 23.49. According to the industry distribution chart, Thor Explorations ranks #43 out of 843 companies in the Metals & Mining industry, placing it in the top 5.1%.
Is Thor Explorations' Net Margin % too high?
Thor Explorations' current Net Margin % of 62.93% is 168% above median its 10-year median of 23.49. The Metals & Mining industry median Net Margin % is 3.44. Thor Explorations' value of 62.93% is 1729.4% above this industry median. Based on the distribution chart, Thor Explorations ranks #43 out of 843 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Thor Explorations has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Net Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #43 out of 843 companies for Net Margin %. This places Thor Explorations in the top 5% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.44. Thor Explorations' value of 62.93% is 1729.4% above this benchmark. While the company's 10-year median is 23.49 vs. the industry median of 3.44, Thor Explorations has consistently been above 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 Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.44, 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. Thor Explorations's current Net Margin % of 62.93% is 1729.4% 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 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 Thor Explorations and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Net Margin % is 62.93%, which is 168% above median its own 10-year median of 23.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (TSXV:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.71, compared to a current price of C$1.05 — trading 47.9% above its estimated fair value. The current Net Margin % is 62.93%, which is 168% above median its 10-year median of 23.49 and 1729.4% above the Metals & Mining industry median of 3.44. Thor Explorations' overall GF Score™ is 43/100 with 1 warning sign 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 Thor Explorations (TSXV:THX), the current Net Margin % is 62.93% as of Mar. 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 Thor Explorations (TSXV:THX) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of C$1.05 is trading 47.9% above its estimated GF Value™ of C$0.71.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for TSXV:THX:
Net Margin %: 62.93% (168% above median its 10-year median of 23.49)
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
Industry Position: 1729.4% above the Metals & Mining median (#43 of 843)
No single metric tells the full story. See the TSXV:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
43GF Score
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