ComstockLODE +5.01%48 Return-on-Tangible-Asset is -22.35% as of Mar. 2026. GuruFocus rates LODE with a GF Score™ of 48/100 and a GF Value™ of $0.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,662 Metals & Mining companies, Comstock ranks worse than 60.74% 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. Comstock's annualizedNet Income for the quarter that ended in Mar. 2026 was $-37.53 Mil. Comstock's average total tangible assets for the quarter that ended in Mar. 2026 was $167.91 Mil. Therefore, Comstock's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -22.35%.
The historical rank and industry rank for Comstock's Return-on-Tangible-Asset or its related term are showing as below:
LODE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -60.57 Med: -33.15 Max: 36.11
Current: -30.36
During the past 13 years, Comstock's highest Return-on-Tangible-Asset was 36.11%. The lowest was -60.57%. And the median was -33.15%.
LODE's Return-on-Tangible-Asset is ranked worse than 60.74% of 2662
companies
in the Metals & Mining industry
Industry Median: -17.275
vs LODE: -30.36
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.
Comstock Return-on-Tangible-Asset Related Terms
Comstock Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Comstock'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.
LODE vs GORO, THMG, ACRG: Return-on-Tangible-Asset Comparison
For the Other Precious Metals & Mining subindustry, Comstock'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.
Comstock Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Comstock's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Comstock'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 -22.35% mean?
Comstock (LODE) has a Return-on-Tangible-Asset of -22.35% 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 Comstock and its competitors. According to the industry distribution chart, Comstock ranks #1617 out of 2662 companies in the Metals & Mining industry, placing it in the top 60.7%.
Is Comstock's Return-on-Tangible-Asset too high?
Comstock's current Return-on-Tangible-Asset is -22.35%. Based on the distribution chart, Comstock ranks #1617 out of 2662 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Comstock has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comstock's Return-on-Tangible-Asset compare to GORO and THMG?
According to the Metals & Mining industry distribution chart, Comstock ranks #1617 out of 2662 companies for Return-on-Tangible-Asset. This places Comstock in the lower half of its industry. 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 Comstock and its competitors. Comstock's current Return-on-Tangible-Asset is -22.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comstock stock overvalued right now?
Based on GuruFocus' analysis, Comstock (LODE) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.74, compared to a current price of $4.19 — trading 466.2% above its estimated fair value. The current Return-on-Tangible-Asset is -22.35%. Comstock's overall GF Score™ is 48/100 with 5 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 Comstock (LODE), the current Return-on-Tangible-Asset is -22.35% 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 Comstock (LODE) Overvalued in 2026?
Based on GuruFocus' analysis, Comstock stock appears to be overvalued.
The current stock price of $4.19 is trading 466.2% above its estimated GF Value™ of $0.74.
GuruFocus considers Comstock to be Significantly Overvalued.
Key valuation signals for LODE:
Return-on-Tangible-Asset: -22.35%
GF Value™: $0.74 vs. price of $4.19 (466.2% above fair value)
No single metric tells the full story. See the LODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comstock Inc commercializes technologies that convert underutilized waste and natural resources into clean energy and supporting products, including electrification, metals, and minerals from end-of-life solar panels. Its subsidiary focuses on producing renewable fuels from waste, energy crops, and woody biomass, supported by facilities in Wisconsin, pilot farms, a biorefinery site in Tulsa, and solar panel recycling operations in Nevada. The Company operates through two high-growth segments and a corporate segment, with its activities grouped into Metals, which generates the majority of revenue, Fuels, Mining, Strategic Investments, and Corporate Services.
48GF Score
Get the complete analysis for LODE
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LODE has been successfully added to your 
