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OceanaGoldTSX:OGC -0.73%87 Return-on-Tangible-Asset is 27.08% as of Mar. 2026, which is 346% above its 10-year median of 6.07. GuruFocus rates TSX:OGC with a GF Score™ of 87/100 and a GF Value™ of C$28.75 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,668 Metals & Mining companies, OceanaGold ranks better than 95.58% 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. OceanaGold's annualizedNet Income for the quarter that ended in Mar. 2026 was C$1,253 Mil. OceanaGold's average total tangible assets for the quarter that ended in Mar. 2026 was C$4,628 Mil. Therefore, OceanaGold's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 27.08%.
The historical rank and industry rank for OceanaGold's Return-on-Tangible-Asset or its related term are showing as below:
TSX:OGC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.86 Med: 6.07 Max: 25.09
Current: 25.09
During the past 13 years, OceanaGold's highest Return-on-Tangible-Asset was 25.09%. The lowest was -6.86%. And the median was 6.07%.
TSX:OGC's Return-on-Tangible-Asset is ranked better than 95.58% of 2668
companies
in the Metals & Mining industry
Industry Median: -17.41
vs TSX:OGC: 25.09
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.
OceanaGold Return-on-Tangible-Asset Related Terms
OceanaGold Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for OceanaGold'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.
TSX:OGC vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, OceanaGold'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.
OceanaGold Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, OceanaGold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where OceanaGold'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 27.08% mean?
OceanaGold (TSX:OGC) has a Return-on-Tangible-Asset of 27.08% 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 OceanaGold and its competitors. This is 346% above median its historical median of 6.07. According to the industry distribution chart, OceanaGold ranks #118 out of 2668 companies in the Metals & Mining industry, placing it in the top 4.4%.
Is OceanaGold's Return-on-Tangible-Asset too high?
OceanaGold's current Return-on-Tangible-Asset of 27.08% is 346% above median its 10-year median of 6.07. Based on the distribution chart, OceanaGold ranks #118 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, OceanaGold has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OceanaGold's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, OceanaGold ranks #118 out of 2668 companies for Return-on-Tangible-Asset. This places OceanaGold in the top 4% 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 OceanaGold and its competitors. OceanaGold's current Return-on-Tangible-Asset is 27.08%, which is 346% above median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanaGold stock overvalued right now?
Based on GuruFocus' analysis, OceanaGold (TSX:OGC) is currently considered Fairly Valued. The stock's GF Value™ is C$28.75, compared to a current price of C$31.42 — trading 9.3% above its estimated fair value. The current Return-on-Tangible-Asset is 27.08%, which is 346% above median its 10-year median of 6.07. OceanaGold's overall GF Score™ is 87/100 with 1 warning sign 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 OceanaGold (TSX:OGC), the current Return-on-Tangible-Asset is 27.08% 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 OceanaGold (TSX:OGC) Overvalued in 2026?
Based on GuruFocus' analysis, OceanaGold stock appears to be overvalued.
The current stock price of C$31.42 is trading 9.3% above its estimated GF Value™ of C$28.75.
GuruFocus considers OceanaGold to be Fairly Valued.
Key valuation signals for TSX:OGC:
Return-on-Tangible-Asset: 27.08% (346% above median its 10-year median of 6.07)
GF Value™: C$28.75 vs. price of C$31.42 (9.3% above fair value)
No single metric tells the full story. See the TSX:OGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering robust returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The company generates key revenue from Haile mines.
87GF Score
Get the complete analysis for TSX:OGC
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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