Northern Star ResourcesNESRF +7.53%97 Return-on-Tangible-Asset is 7.04% as of Dec. 2025, which is 31% below its 10-year median of 10.22. GuruFocus rates NESRF with a GF Score™ of 97/100 and a GF Value™ of $14.32 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,657 Metals & Mining companies, Northern Star Resources ranks better than 86.98% 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. Northern Star Resources's annualizedNet Income for the quarter that ended in Dec. 2025 was $949 Mil. Northern Star Resources's average total tangible assets for the quarter that ended in Dec. 2025 was $13,486 Mil. Therefore, Northern Star Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.04%.
The historical rank and industry rank for Northern Star Resources's Return-on-Tangible-Asset or its related term are showing as below:
NESRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.86 Med: 10.22 Max: 25.5
Current: 8.48
During the past 13 years, Northern Star Resources's highest Return-on-Tangible-Asset was 25.50%. The lowest was 3.86%. And the median was 10.22%.
NESRF's Return-on-Tangible-Asset is ranked better than 86.98% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs NESRF: 8.48
Northern Star Resources (OTCPK:NESRF) 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.
Northern Star Resources Return-on-Tangible-Asset Related Terms
Northern Star Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Northern Star Resources'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.
Northern Star Resources Return-on-Tangible-Asset Chart
NESRF vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Northern Star Resources'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.
Northern Star Resources Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Northern Star Resources'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 7.04% mean?
Northern Star Resources (NESRF) has a Return-on-Tangible-Asset of 7.04% 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 Northern Star Resources and its competitors. This is 31% below median its historical median of 10.22. Over the past decade, Northern Star Resources' Return-on-Tangible-Asset has ranged from 3.86 to 25.50. According to the industry distribution chart, Northern Star Resources ranks #346 out of 2657 companies in the Metals & Mining industry, placing it in the top 13%.
Is Northern Star Resources' Return-on-Tangible-Asset too high?
Northern Star Resources' current Return-on-Tangible-Asset of 7.04% is 31% below median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 3.86 to a high of 25.50. Based on the distribution chart, Northern Star Resources ranks #346 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Star Resources has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #346 out of 2657 companies for Return-on-Tangible-Asset. This places Northern Star Resources in the top 13% of its industry — outperforming the majority of peers. Historically, Northern Star Resources' own Return-on-Tangible-Asset has ranged from 3.86 to 25.50 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 Northern Star Resources and its competitors. Northern Star Resources's current Return-on-Tangible-Asset is 7.04%, which is 31% below median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (NESRF) is currently considered Fairly Valued. The stock's GF Value™ is $14.32, compared to a current price of $15.00 — trading 4.7% above its estimated fair value. The current Return-on-Tangible-Asset is 7.04%, which is 31% below median its 10-year median of 10.22. Northern Star Resources' overall GF Score™ is 97/100 with 3 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 Northern Star Resources (NESRF), the current Return-on-Tangible-Asset is 7.04% 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 Northern Star Resources (NESRF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be overvalued.
The current stock price of $15.00 is trading 4.7% above its estimated GF Value™ of $14.32.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for NESRF:
Return-on-Tangible-Asset: 7.04% (31% below median its 10-year median of 10.22)
GF Value™: $14.32 vs. price of $15.00 (4.7% above fair value)
No single metric tells the full story. See the NESRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
97GF Score
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