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.
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.
DRDGoldMEX:DRD N 94 Return-on-Tangible-Asset is 21.73% as of Jun. 2025, which is 54% above its 10-year median of 14.07. GuruFocus rates MEX:DRD N with a GF Score™ of 94/100 and a GF Value™ of MXN464.33 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,666 Metals & Mining companies, DRDGold ranks better than 94.37% 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. DRDGold's annualizedNet Income for the quarter that ended in Jun. 2025 was MXN2,689 Mil. DRDGold's average total tangible assets for the quarter that ended in Jun. 2025 was MXN12,376 Mil. Therefore, DRDGold's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was 21.73%.
The historical rank and industry rank for DRDGold's Return-on-Tangible-Asset or its related term are showing as below:
MEX:DRD N'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.28 Med: 14.07 Max: 23.95
Current: 21.02
During the past 13 years, DRDGold's highest Return-on-Tangible-Asset was 23.95%. The lowest was 0.28%. And the median was 14.07%.
MEX:DRD N's Return-on-Tangible-Asset is ranked better than 94.37% of 2666
companies
in the Metals & Mining industry
Industry Median: -17.365
vs MEX:DRD N: 21.02
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.
DRDGold Return-on-Tangible-Asset Related Terms
DRDGold Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for DRDGold'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.
MEX:DRD N vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, DRDGold'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.
DRDGold Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, DRDGold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where DRDGold'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 (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 21.73% mean?
DRDGold (MEX:DRD N) has a Return-on-Tangible-Asset of 21.73% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on DRDGold and its competitors. This is 54% above median its historical median of 14.07. Over the past decade, DRDGold's Return-on-Tangible-Asset has ranged from 0.28 to 23.95. According to the industry distribution chart, DRDGold ranks #150 out of 2666 companies in the Metals & Mining industry, placing it in the top 5.6%.
Is DRDGold's Return-on-Tangible-Asset too high?
DRDGold's current Return-on-Tangible-Asset of 21.73% is 54% above median its 10-year median of 14.07. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 23.95. Based on the distribution chart, DRDGold ranks #150 out of 2666 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, DRDGold has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DRDGold's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, DRDGold ranks #150 out of 2666 companies for Return-on-Tangible-Asset. This places DRDGold in the top 6% of its industry — outperforming the majority of peers. Historically, DRDGold's own Return-on-Tangible-Asset has ranged from 0.28 to 23.95 over the past decade. 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 DRDGold and its competitors. DRDGold's current Return-on-Tangible-Asset is 21.73%, which is 54% above median its own 10-year median of 14.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DRDGold stock overvalued right now?
Based on GuruFocus' analysis, DRDGold (MEX:DRD N) is currently considered Fairly Valued. The stock's GF Value™ is MXN464.33, compared to a current price of MXN452.00 — trading 2.7% below its estimated fair value. The current Return-on-Tangible-Asset is 21.73%, which is 54% above median its 10-year median of 14.07. DRDGold's overall GF Score™ is 94/100 with 1 warning sign 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 DRDGold (MEX:DRD N), the current Return-on-Tangible-Asset is 21.73% as of Jun. 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 DRDGold (MEX:DRD N) Overvalued in 2026?
Based on GuruFocus' analysis, DRDGold stock appears to be undervalued.
The current stock price of MXN452.00 is trading 2.7% below its estimated GF Value™ of MXN464.33.
GuruFocus considers DRDGold to be Fairly Valued.
Key valuation signals for MEX:DRD N:
Return-on-Tangible-Asset: 21.73% (54% above median its 10-year median of 14.07)
GF Value™: MXN464.33 vs. price of MXN452.00 (2.7% below fair value)
No single metric tells the full story. See the MEX:DRD N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressCnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709
DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields, and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.
94GF Score
Get the complete analysis for MEX:DRD N
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
MEX:DRD N has been successfully added to your 
