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Shandong Gold Mining CoSDGMF 83 Return-on-Tangible-Asset is 4.27% as of Mar. 2026, which is 53% above its 10-year median of 2.80. GuruFocus rates SDGMF with a GF Score™ of 83/100 and a GF Value™ of $4.43 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,668 Metals & Mining companies, Shandong Gold Mining Co ranks better than 81% 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. Shandong Gold Mining Co's annualizedNet Income for the quarter that ended in Mar. 2026 was $839 Mil. Shandong Gold Mining Co's average total tangible assets for the quarter that ended in Mar. 2026 was $19,641 Mil. Therefore, Shandong Gold Mining Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.27%.
The historical rank and industry rank for Shandong Gold Mining Co's Return-on-Tangible-Asset or its related term are showing as below:
SDGMF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.28 Med: 2.8 Max: 7.6
Current: 4.01
During the past 13 years, Shandong Gold Mining Co's highest Return-on-Tangible-Asset was 7.60%. The lowest was -0.28%. And the median was 2.80%.
SDGMF's Return-on-Tangible-Asset is ranked better than 81% of 2668
companies
in the Metals & Mining industry
Industry Median: -17.245
vs SDGMF: 4.01
Shandong Gold Mining Co (OTCPK:SDGMF) 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.
Shandong Gold Mining Co Return-on-Tangible-Asset Related Terms
Shandong Gold Mining Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shandong Gold Mining Co'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.
Shandong Gold Mining Co Return-on-Tangible-Asset Chart
SDGMF vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Shandong Gold Mining Co'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.
Shandong Gold Mining Co Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Shandong Gold Mining Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shandong Gold Mining Co'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 4.27% mean?
Shandong Gold Mining Co (SDGMF) has a Return-on-Tangible-Asset of 4.27% 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 Shandong Gold Mining Co and its competitors. This is 53% above median its historical median of 2.80. According to the industry distribution chart, Shandong Gold Mining Co ranks #507 out of 2668 companies in the Metals & Mining industry, placing it in the top 19%.
Is Shandong Gold Mining Co's Return-on-Tangible-Asset too high?
Shandong Gold Mining Co's current Return-on-Tangible-Asset of 4.27% is 53% above median its 10-year median of 2.80. Based on the distribution chart, Shandong Gold Mining Co ranks #507 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Shandong Gold Mining Co has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Mining Co's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Shandong Gold Mining Co ranks #507 out of 2668 companies for Return-on-Tangible-Asset. This places Shandong Gold Mining Co in the top 19% of its industry — outperforming the majority of peers. 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 Shandong Gold Mining Co and its competitors. Shandong Gold Mining Co's current Return-on-Tangible-Asset is 4.27%, which is 53% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Mining Co (SDGMF) is currently considered Possible Value Trap. The stock's GF Value™ is $4.43, compared to a current price of $2.69 — trading 39.3% below its estimated fair value. The current Return-on-Tangible-Asset is 4.27%, which is 53% above median its 10-year median of 2.80. Shandong Gold Mining Co's overall GF Score™ is 83/100 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 Shandong Gold Mining Co (SDGMF), the current Return-on-Tangible-Asset is 4.27% 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.
Is Shandong Gold Mining Co (SDGMF) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Gold Mining Co stock appears to be undervalued.
The current stock price of $2.69 is trading 39.3% below its estimated GF Value™ of $4.43.
GuruFocus considers Shandong Gold Mining Co to be Possible Value Trap.
Key valuation signals for SDGMF:
Return-on-Tangible-Asset: 4.27% (53% above median its 10-year median of 2.80)
GF Value™: $4.43 vs. price of $2.69 (39.3% below fair value)
No single metric tells the full story. See the SDGMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Gold Mining Co Ltd is a China-based company mainly engaged in the exploration, mining, beneficiation, and sales of gold and non-ferrous metals. Additionally, it is involved in the production, processing, and sales of specialized equipment for gold mines and construction and decoration materials. The company's main products include standard gold bullions, investment gold bars, alloy gold, and silver ingots. Its portfolio of gold mines comprises Sanshandao Gold Mine, Jiaojia Gold Mine, Xincheng Gold Mine, Veladero Gold Mine, and Qinghai Dachaidan Mining, among others. The company's reporting segments are: Gold, which derives maximum revenue, Silver metal, Copper metal, Iron ore concentrates, Lead metal, Zinc metal, Purchased gold, Small gold bars, and Others.
83GF Score
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