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.
Namib MineralsNAMM -1.28%20 Return-on-Tangible-Asset is 373.82% as of Dec. 2025, which is 4398% above its 10-year median of 8.31. GuruFocus rates NAMM with a GF Score™ of 20/100. The stock has 4 warning signs investors should review. Among 2,667 Metals & Mining companies, Namib Minerals ranks better than 99.51% 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. Namib Minerals's annualizedNet Income for the quarter that ended in Dec. 2025 was $226.16 Mil. Namib Minerals's average total tangible assets for the quarter that ended in Dec. 2025 was $60.50 Mil. Therefore, Namib Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 373.82%.
The historical rank and industry rank for Namib Minerals's Return-on-Tangible-Asset or its related term are showing as below:
NAMM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.08 Med: 8.31 Max: 177.77
Current: 176.44
During the past 4 years, Namib Minerals's highest Return-on-Tangible-Asset was 177.77%. The lowest was 7.08%. And the median was 8.31%.
NAMM's Return-on-Tangible-Asset is ranked better than 99.51% of 2667
companies
in the Metals & Mining industry
Industry Median: -17.27
vs NAMM: 176.44
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.
Namib Minerals Return-on-Tangible-Asset Related Terms
Namib Minerals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Namib 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.
NAMM vs PZG, BSAI, FTCO: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Namib 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.
Namib Minerals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Namib Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Namib 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 373.82% mean?
Namib Minerals (NAMM) has a Return-on-Tangible-Asset of 373.82% 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 Namib Minerals and its competitors. This is 4398% above median its historical median of 8.31. Over the past decade, Namib Minerals' Return-on-Tangible-Asset has ranged from 7.08 to 177.77. According to the industry distribution chart, Namib Minerals ranks #13 out of 2667 companies in the Metals & Mining industry, placing it in the top 0.5%.
Is Namib Minerals' Return-on-Tangible-Asset too high?
Namib Minerals' current Return-on-Tangible-Asset of 373.82% is 4398% above median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 7.08 to a high of 177.77. Based on the distribution chart, Namib Minerals ranks #13 out of 2667 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Namib Minerals has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Namib Minerals' Return-on-Tangible-Asset compare to PZG and BSAI?
According to the Metals & Mining industry distribution chart, Namib Minerals ranks #13 out of 2667 companies for Return-on-Tangible-Asset. This places Namib Minerals in the top 1% of its industry — outperforming the majority of peers. Historically, Namib Minerals' own Return-on-Tangible-Asset has ranged from 7.08 to 177.77 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 Namib Minerals and its competitors. Namib Minerals's current Return-on-Tangible-Asset is 373.82%, which is 4398% above median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Namib Minerals stock overvalued right now?
Namib Minerals (NAMM) has a current Return-on-Tangible-Asset of 373.82%. The current Return-on-Tangible-Asset is 373.82%, which is 4398% above median its 10-year median of 8.31. Namib Minerals' overall GF Score™ is 20/100 with 4 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 Namib Minerals (NAMM), the current Return-on-Tangible-Asset is 373.82% 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.
Namib Minerals is a Pan-African multi-asset mining platform for precious and critical metals, particularly gold. The company is an established gold producer with an attractive portfolio of three gold mines in Zimbabwe, Africa. Its gold mines include How Mine, Mazowe Mine, and Redwing Mine. Its segments include the How Mine, the Mazowe Mine, and the Redwing Mine, and Others.
20GF Score
Get the complete analysis for NAMM
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
NAMM has been successfully added to your 
