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Lifezone MetalsLZM +2.17%40 Return-on-Tangible-Asset is -20.25% as of Dec. 2025. GuruFocus rates LZM with a GF Score™ of 40/100 and a GF Value™ of $5.09 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,666 Metals & Mining companies, Lifezone Metals ranks better than 60.69% 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. Lifezone Metals's annualizedNet Income for the quarter that ended in Dec. 2025 was $-32.67 Mil. Lifezone Metals's average total tangible assets for the quarter that ended in Dec. 2025 was $161.29 Mil. Therefore, Lifezone Metals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -20.25%.
The historical rank and industry rank for Lifezone Metals's Return-on-Tangible-Asset or its related term are showing as below:
LZM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -318.34 Med: -31.04 Max: 0.73
Current: -8.55
During the past 6 years, Lifezone Metals's highest Return-on-Tangible-Asset was 0.73%. The lowest was -318.34%. And the median was -31.04%.
LZM's Return-on-Tangible-Asset is ranked better than 60.69% of 2666
companies
in the Metals & Mining industry
Industry Median: -17.365
vs LZM: -8.55
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.
Lifezone Metals Return-on-Tangible-Asset Related Terms
Lifezone Metals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Lifezone Metals'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.
LZM vs TMCR, REA, REEMF: Return-on-Tangible-Asset Comparison
For the Other Industrial Metals & Mining subindustry, Lifezone Metals'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.
Lifezone Metals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lifezone Metals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lifezone Metals'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -20.25% mean?
Lifezone Metals (LZM) has a Return-on-Tangible-Asset of -20.25% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Lifezone Metals and its competitors. According to the industry distribution chart, Lifezone Metals ranks #1048 out of 2666 companies in the Metals & Mining industry, placing it in the top 39.3%.
Is Lifezone Metals' Return-on-Tangible-Asset too high?
Lifezone Metals' current Return-on-Tangible-Asset is -20.25%. Based on the distribution chart, Lifezone Metals ranks #1048 out of 2666 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Lifezone Metals has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lifezone Metals' Return-on-Tangible-Asset compare to TMCR and REA?
According to the Metals & Mining industry distribution chart, Lifezone Metals ranks #1048 out of 2666 companies for Return-on-Tangible-Asset. This puts Lifezone Metals in the upper 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 Lifezone Metals and its competitors. Lifezone Metals's current Return-on-Tangible-Asset is -20.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lifezone Metals stock overvalued right now?
Based on GuruFocus' analysis, Lifezone Metals (LZM) is currently considered Possible Value Trap. The stock's GF Value™ is $5.09, compared to a current price of $3.30 — trading 35.2% below its estimated fair value. The current Return-on-Tangible-Asset is -20.25%. Lifezone Metals' overall GF Score™ is 40/100 with 7 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 Lifezone Metals (LZM), the current Return-on-Tangible-Asset is -20.25% as of Dec. 2025. 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 Lifezone Metals (LZM) Overvalued in 2026?
Based on GuruFocus' analysis, Lifezone Metals stock appears to be undervalued.
The current stock price of $3.30 is trading 35.2% below its estimated GF Value™ of $5.09.
GuruFocus considers Lifezone Metals to be Possible Value Trap.
Key valuation signals for LZM:
Return-on-Tangible-Asset: -20.25%
GF Value™: $5.09 vs. price of $3.30 (35.2% below fair value)
No single metric tells the full story. See the LZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining. Its business comprises three segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania, and Intellectual property licensing comprises patents residing with and managed by the subsidiary and corporate. Geographically, the company operates in South Africa, Australia, and the rest of the world. The majority of its revenue is generated from Australia.
40GF Score
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