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Northern Shield ResourcesNSHRF +4.00% Return-on-Tangible-Asset is -16.22% as of Mar. 2026. The stock has 1 warning sign investors should review. Among 2,665 Metals & Mining companies, Northern Shield Resources ranks worse than 52.2% 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 Shield Resources's annualizedNet Income for the quarter that ended in Mar. 2026 was $-0.54 Mil. Northern Shield Resources's average total tangible assets for the quarter that ended in Mar. 2026 was $3.35 Mil. Therefore, Northern Shield Resources's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -16.22%.
The historical rank and industry rank for Northern Shield Resources's Return-on-Tangible-Asset or its related term are showing as below:
NSHRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -81.27 Med: -24.68 Max: -4.16
Current: -19.35
During the past 13 years, Northern Shield Resources's highest Return-on-Tangible-Asset was -4.16%. The lowest was -81.27%. And the median was -24.68%.
NSHRF's Return-on-Tangible-Asset is ranked worse than 52.2% of 2665
companies
in the Metals & Mining industry
Industry Median: -17.41
vs NSHRF: -19.35
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 Shield Resources Return-on-Tangible-Asset Related Terms
Northern Shield Resources Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Northern Shield 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.
For the Other Industrial Metals & Mining subindustry, Northern Shield 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 Shield Resources Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Shield Resources's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Northern Shield 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -16.22% mean?
Northern Shield Resources (NSHRF) has a Return-on-Tangible-Asset of -16.22% 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 Northern Shield Resources and its competitors. According to the industry distribution chart, Northern Shield Resources ranks #1391 out of 2665 companies in the Metals & Mining industry, placing it in the top 52.2%.
Is Northern Shield Resources' Return-on-Tangible-Asset too high?
Northern Shield Resources' current Return-on-Tangible-Asset is -16.22%. Based on the distribution chart, Northern Shield Resources ranks #1391 out of 2665 companies in the Metals & Mining industry, which is below the industry midpoint.
How does Northern Shield Resources' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Northern Shield Resources ranks #1391 out of 2665 companies for Return-on-Tangible-Asset. This places Northern Shield Resources 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 Northern Shield Resources and its competitors. Northern Shield Resources's current Return-on-Tangible-Asset is -16.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Shield Resources stock overvalued right now?
Northern Shield Resources (NSHRF) has a current Return-on-Tangible-Asset of -16.22%. The current Return-on-Tangible-Asset is -16.22%. 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 Shield Resources (NSHRF), the current Return-on-Tangible-Asset is -16.22% 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.
Northern Shield Resources Inc is a Canadian-based company engaged in generating high-quality exploration targets that views greenfield exploration as an opportunity. It is in the business of identifying, acquiring, and exploring mineral properties located in Eastern Canada. The company has one operating segment involved in the exploration of resource properties. All its exploration activities were in Canada. It holds an interest in Root & Cellar, CSM, and IDEFIX properties.
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