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KGHM Polska MiedzKGHPF 69 Return-on-Tangible-Asset is 23.29% as of Mar. 2026, which is 399% above its 10-year median of 4.67. GuruFocus rates KGHPF with a GF Score™ of 69/100 and a GF Value™ of $42.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,663 Metals & Mining companies, KGHM Polska Miedz ranks better than 90.24% 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. KGHM Polska Miedz's annualizedNet Income for the quarter that ended in Mar. 2026 was $3,714 Mil. KGHM Polska Miedz's average total tangible assets for the quarter that ended in Mar. 2026 was $15,949 Mil. Therefore, KGHM Polska Miedz's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 23.29%.
The historical rank and industry rank for KGHM Polska Miedz's Return-on-Tangible-Asset or its related term are showing as below:
KGHPF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.53 Med: 4.67 Max: 13.62
Current: 12.11
During the past 13 years, KGHM Polska Miedz's highest Return-on-Tangible-Asset was 13.62%. The lowest was -12.53%. And the median was 4.67%.
KGHPF's Return-on-Tangible-Asset is ranked better than 90.24% of 2663
companies
in the Metals & Mining industry
Industry Median: -17.28
vs KGHPF: 12.11
KGHM Polska Miedz (OTCPK:KGHPF) Return-on-Tangible-Asset Explanation
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.
KGHM Polska Miedz Return-on-Tangible-Asset Related Terms
KGHM Polska Miedz Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for KGHM Polska Miedz'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.
KGHPF vs SCCO, FCX: Return-on-Tangible-Asset Comparison
For the Copper subindustry, KGHM Polska Miedz'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.
KGHM Polska Miedz Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where KGHM Polska Miedz'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 23.29% mean?
KGHM Polska Miedz (KGHPF) has a Return-on-Tangible-Asset of 23.29% 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 KGHM Polska Miedz and its competitors. This is 399% above median its historical median of 4.67. According to the industry distribution chart, KGHM Polska Miedz ranks #260 out of 2663 companies in the Metals & Mining industry, placing it in the top 9.8%.
Is KGHM Polska Miedz's Return-on-Tangible-Asset too high?
KGHM Polska Miedz's current Return-on-Tangible-Asset of 23.29% is 399% above median its 10-year median of 4.67. Based on the distribution chart, KGHM Polska Miedz ranks #260 out of 2663 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, KGHM Polska Miedz has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's Return-on-Tangible-Asset compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KGHM Polska Miedz ranks #260 out of 2663 companies for Return-on-Tangible-Asset. This places KGHM Polska Miedz in the top 10% 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 KGHM Polska Miedz and its competitors. KGHM Polska Miedz's current Return-on-Tangible-Asset is 23.29%, which is 399% above median its own 10-year median of 4.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (KGHPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $42.31, compared to a current price of $76.22 — trading 80.1% above its estimated fair value. The current Return-on-Tangible-Asset is 23.29%, which is 399% above median its 10-year median of 4.67. KGHM Polska Miedz's overall GF Score™ is 69/100 with 6 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 KGHM Polska Miedz (KGHPF), the current Return-on-Tangible-Asset is 23.29% 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 KGHM Polska Miedz (KGHPF) Overvalued in 2026?
Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued.
The current stock price of $76.22 is trading 80.1% above its estimated GF Value™ of $42.31.
GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.
Key valuation signals for KGHPF:
Return-on-Tangible-Asset: 23.29% (399% above median its 10-year median of 4.67)
GF Value™: $42.31 vs. price of $76.22 (80.1% above fair value)
No single metric tells the full story. See the KGHPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
69GF Score
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