Altius MineralsTSX:ALS +0.82%70 Return-on-Tangible-Asset is 1.28% as of Mar. 2026, which is 66% below its 10-year median of 3.75. GuruFocus rates TSX:ALS with a GF Score™ of 70/100 and a GF Value™ of C$31.42 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,659 Metals & Mining companies, Altius Minerals ranks better than 97.71% 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. Altius Minerals's annualizedNet Income for the quarter that ended in Mar. 2026 was C$9.78 Mil. Altius Minerals's average total tangible assets for the quarter that ended in Mar. 2026 was C$763.17 Mil. Therefore, Altius Minerals's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.28%.
The historical rank and industry rank for Altius Minerals's Return-on-Tangible-Asset or its related term are showing as below:
TSX:ALS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.91 Med: 3.75 Max: 44.11
Current: 43.56
During the past 13 years, Altius Minerals's highest Return-on-Tangible-Asset was 44.11%. The lowest was -21.91%. And the median was 3.75%.
TSX:ALS's Return-on-Tangible-Asset is ranked better than 97.71% of 2659
companies
in the Metals & Mining industry
Industry Median: -17.32
vs TSX:ALS: 43.56
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.
Altius Minerals Return-on-Tangible-Asset Related Terms
Altius Minerals Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Altius 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.
For the Other Industrial Metals & Mining subindustry, Altius 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.
Altius Minerals Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Altius Minerals's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Altius 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.28% mean?
Altius Minerals (TSX:ALS) has a Return-on-Tangible-Asset of 1.28% 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 Altius Minerals and its competitors. This is 66% below median its historical median of 3.75. According to the industry distribution chart, Altius Minerals ranks #61 out of 2659 companies in the Metals & Mining industry, placing it in the top 2.3%.
Is Altius Minerals' Return-on-Tangible-Asset too high?
Altius Minerals' current Return-on-Tangible-Asset of 1.28% is 66% below median its 10-year median of 3.75. Based on the distribution chart, Altius Minerals ranks #61 out of 2659 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Altius Minerals has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altius Minerals' Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Altius Minerals ranks #61 out of 2659 companies for Return-on-Tangible-Asset. This places Altius Minerals in the top 2% 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 Altius Minerals and its competitors. Altius Minerals's current Return-on-Tangible-Asset is 1.28%, which is 66% below median its own 10-year median of 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altius Minerals stock overvalued right now?
Based on GuruFocus' analysis, Altius Minerals (TSX:ALS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$31.42, compared to a current price of C$62.74 — trading 99.7% above its estimated fair value. The current Return-on-Tangible-Asset is 1.28%, which is 66% below median its 10-year median of 3.75. Altius Minerals' overall GF Score™ is 70/100 with 8 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 Altius Minerals (TSX:ALS), the current Return-on-Tangible-Asset is 1.28% 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 Altius Minerals (TSX:ALS) Overvalued in 2026?
Based on GuruFocus' analysis, Altius Minerals stock appears to be overvalued.
The current stock price of C$62.74 is trading 99.7% above its estimated GF Value™ of C$31.42.
GuruFocus considers Altius Minerals to be Significantly Overvalued.
Key valuation signals for TSX:ALS:
Return-on-Tangible-Asset: 1.28% (66% below median its 10-year median of 3.75)
GF Value™: C$31.42 vs. price of C$62.74 (99.7% above fair value)
No single metric tells the full story. See the TSX:ALS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, nickel, cobalt, lithium, potash, and iron ore. The corporation also holds other pre-development stage royalty interests and various earlier-stage royalties. It is engaged in the operating segments of Mineral Royalties, Renewable Royalties, and Project Generation. It generates the majority of its revenue from Mineral Royalties.
70GF Score
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