TRX Gold (TSX:TRX) OCF Margin %: 26.66% (As of May. 2026) — 19% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:TRX TRX Gold Corp TSX:TRX
59 GF Score
Price C$1.00
GF Value C$1.58
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is TRX Gold OCF Margin %?

TRX Gold TSX:TRX +4.17% 59 OCF Margin % is 26.66% as of May. 2026, which is 19% below its 10-year median of 32.74. GuruFocus rates TSX:TRX with a GF Score™ of 59/100 and a GF Value™ of C$1.58 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 846 Metals & Mining companies, TRX Gold ranks better than 75.18% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. TRX Gold's Cash Flow from Operations for the three months ended in May. 2026 was C$12.0 Mil. TRX Gold's Revenue for the three months ended in May. 2026 was C$45.1 Mil. Therefore, TRX Gold's OCF Margin % for the quarter that ended in May. 2026 was 26.66%.

As of today, TRX Gold's current OCF Yield % is 13.35%.

The historical rank and industry rank for TRX Gold's OCF Margin % or its related term are showing as below:

TSX:TRX' s OCF Margin % Range Over the Past 10 Years
Min: 19.58   Med: 32.74   Max: 45.22
Current: 27.44


During the past 13 years, the highest OCF Margin % of TRX Gold was 45.22%. The lowest was 19.58%. And the median was 32.74%.

TSX:TRX's OCF Margin % is ranked better than
75.18% of 846 companies
in the Metals & Mining industry
Industry Median: 4.465 vs TSX:TRX: 27.44


TRX Gold OCF Margin % Related Terms


TRX Gold OCF Margin % Historical Data

* Premium members only.

The historical data trend for TRX Gold's OCF 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.

TRX Gold OCF Margin % Chart

TRX Gold Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 19.58 45.22 37.21 28.26

TRX Gold Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.99 43.11 16.01 25.97 26.66

TSX:TRX vs NEM, AU: OCF Margin % Comparison

For the Gold subindustry, TRX Gold's OCF Margin %, along with its competitors' market caps and OCF 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.


TRX Gold OCF Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TRX Gold's OCF Margin % distribution charts can be found below:

* The bar in red indicates where TRX Gold's OCF Margin % falls into.


TSX:TRX
59GF Score
TRX Gold Corp TSX:TRX
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRX Gold OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

TRX Gold's OCF Margin for the fiscal year that ended in Aug. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Aug. 2025 )/Revenue (A: Aug. 2025 )
=22.462/79.489
=28.26 %

TRX Gold's OCF Margin for the quarter that ended in May. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: May. 2026 )/Revenue (Q: May. 2026 )
=12.013/45.058
=26.66 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 26.66% mean?
TRX Gold (TSX:TRX) has a OCF Margin % of 26.66% as of May. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on TRX Gold and its competitors. This is 19% below median its historical median of 32.74. Over the past decade, TRX Gold's OCF Margin % has ranged from 19.58 to 45.22. According to the industry distribution chart, TRX Gold ranks #210 out of 846 companies in the Metals & Mining industry, placing it in the top 24.8%.
Is TRX Gold's OCF Margin % too high?
TRX Gold's current OCF Margin % of 26.66% is 19% below median its 10-year median of 32.74. Over the past 10 years, this metric has ranged from a low of 19.58 to a high of 45.22. The Metals & Mining industry median OCF Margin % is 4.47. TRX Gold's value of 26.66% is 497.1% above this industry median. Based on the distribution chart, TRX Gold ranks #210 out of 846 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, TRX Gold has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's OCF Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #210 out of 846 companies for OCF Margin %. This places TRX Gold in the top 25% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 4.47. TRX Gold's value of 26.66% is 497.1% above this benchmark. Historically, TRX Gold's own OCF Margin % has ranged from 19.58 to 45.22 over the past decade. While the company's 10-year median is 32.74 vs. the industry median of 4.47, TRX Gold 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 OCF Margin % for a Metals & Mining company?
The median OCF Margin % among Metals & Mining companies is 4.47, based on 846 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TRX Gold's current OCF Margin % of 26.66% is 497.1% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on TRX Gold and its competitors. For the Metals & Mining industry, the median OCF Margin % is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRX Gold's current OCF Margin % is 26.66%, which is 19% below median its own 10-year median of 32.74. 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 (TSX:TRX) is currently considered Possible Value Trap. The stock's GF Value™ is C$1.58, compared to a current price of C$1.00 — trading 36.7% below its estimated fair value. The current OCF Margin % is 26.66%, which is 19% below median its 10-year median of 32.74 and 497.1% above the Metals & Mining industry median of 4.47. TRX Gold's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For TRX Gold (TSX:TRX), the current OCF Margin % is 26.66% 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 (TSX:TRX) Overvalued in 2026?

Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued. The current stock price of C$1.00 is trading 36.7% below its estimated GF Value™ of C$1.58. GuruFocus considers TRX Gold to be Possible Value Trap.

Key valuation signals for TSX:TRX:

  • OCF Margin %: 26.66% (19% below median its 10-year median of 32.74)
  • GF Value™: C$1.58 vs. price of C$1.00 (36.7% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 497.1% above the Metals & Mining median (#210 of 846)

No single metric tells the full story. See the TSX:TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRX Gold Business Description

Other Exchanges TRX:USATRG0:Germany
Address 277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3
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.
59GF Score

Get the complete analysis for TSX:TRX

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

C$1.00
Price
C$1.58
GF Value