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Hudbay MineralsFRA:OCKA +14.25%77 Return-on-Tangible-Asset is 11.82% as of Mar. 2026, which is 727% above its 10-year median of 1.43. GuruFocus rates FRA:OCKA with a GF Score™ of 77/100 and a GF Value™ of €8.74 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,664 Metals & Mining companies, Hudbay Minerals ranks better than 89.41% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Hudbay Minerals's annualizedNet Income for the quarter that ended in Mar. 2026 was €659 Mil. Hudbay Minerals's average total tangible assets for the quarter that ended in Mar. 2026 was €5,572 Mil. Therefore, Hudbay Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.82%.
The historical rank and industry rank for Hudbay Minerals's Return-on-Tangible-Asset or its related term are showing as below:
FRA:OCKA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.45 Med: 1.43 Max: 10.98
Current: 10.98
During the past 13 years, Hudbay Minerals's highest Return-on-Tangible-Asset was 10.98%. The lowest was -7.45%. And the median was 1.43%.
FRA:OCKA's Return-on-Tangible-Asset is ranked better than 89.41% of 2664
companies
in the Metals & Mining industry
Industry Median: -17.41
vs FRA:OCKA: 10.98
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Hudbay Minerals Return-on-Tangible-Asset Related Terms
Hudbay Minerals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hudbay Minerals's Return-on-Tangible-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.
FRA:OCKA vs SCCO, FCX: Return-on-Tangible-Asset Comparison
For the Copper subindustry, Hudbay Minerals's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Hudbay Minerals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hudbay Minerals's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.82% mean?
Hudbay Minerals (FRA:OCKA) has a Return-on-Tangible-Asset of 11.82% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hudbay Minerals and its competitors. This is 727% above median its historical median of 1.43. According to the industry distribution chart, Hudbay Minerals ranks #282 out of 2664 companies in the Metals & Mining industry, placing it in the top 10.6%.
Is Hudbay Minerals' Return-on-Tangible-Asset too high?
Hudbay Minerals' current Return-on-Tangible-Asset of 11.82% is 727% above median its 10-year median of 1.43. Based on the distribution chart, Hudbay Minerals ranks #282 out of 2664 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Hudbay Minerals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudbay Minerals' Return-on-Tangible-Asset compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Hudbay Minerals ranks #282 out of 2664 companies for Return-on-Tangible-Asset. This places Hudbay Minerals in the top 11% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hudbay Minerals and its competitors. Hudbay Minerals's current Return-on-Tangible-Asset is 11.82%, which is 727% above median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudbay Minerals stock overvalued right now?
Based on GuruFocus' analysis, Hudbay Minerals (FRA:OCKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.74, compared to a current price of €20.28 — trading 132% above its estimated fair value. The current Return-on-Tangible-Asset is 11.82%, which is 727% above median its 10-year median of 1.43. Hudbay Minerals' overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Hudbay Minerals (FRA:OCKA), the current Return-on-Tangible-Asset is 11.82% 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 Hudbay Minerals (FRA:OCKA) Overvalued in 2026?
Based on GuruFocus' analysis, Hudbay Minerals stock appears to be overvalued.
The current stock price of €20.28 is trading 132% above its estimated GF Value™ of €8.74.
GuruFocus considers Hudbay Minerals to be Significantly Overvalued.
Key valuation signals for FRA:OCKA:
Return-on-Tangible-Asset: 11.82% (727% above median its 10-year median of 1.43)
GF Value™: €8.74 vs. price of €20.28 (132% above fair value)
No single metric tells the full story. See the FRA:OCKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
77GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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