Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Visible Gold MinesTSXV:VGD +3.33%40 Return-on-Tangible-Asset is 106.68% as of Jan. 2026. GuruFocus rates TSXV:VGD with a GF Score™ of 40/100. Among 2,668 Metals & Mining companies, Visible Gold Mines ranks better than 99.7% 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. Visible Gold Mines's annualizedNet Income for the quarter that ended in Jan. 2026 was C$2.54 Mil. Visible Gold Mines's average total tangible assets for the quarter that ended in Jan. 2026 was C$2.38 Mil. Therefore, Visible Gold Mines's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 106.68%.
The historical rank and industry rank for Visible Gold Mines's Return-on-Tangible-Asset or its related term are showing as below:
TSXV:VGD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -241.49 Med: -34.08 Max: 264.93
Current: 264.93
During the past 13 years, Visible Gold Mines's highest Return-on-Tangible-Asset was 264.93%. The lowest was -241.49%. And the median was -34.08%.
TSXV:VGD's Return-on-Tangible-Asset is ranked better than 99.7% of 2668
companies
in the Metals & Mining industry
Industry Median: -17.41
vs TSXV:VGD: 264.93
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.
Visible Gold Mines Return-on-Tangible-Asset Related Terms
Visible Gold Mines Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Visible Gold Mines'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.
TSXV:VGD vs NEM, AU: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Visible Gold Mines'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.
Visible Gold Mines Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Visible Gold Mines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Visible Gold Mines'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 106.68% mean?
Visible Gold Mines (TSXV:VGD) has a Return-on-Tangible-Asset of 106.68% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Visible Gold Mines and its competitors. According to the industry distribution chart, Visible Gold Mines ranks #8 out of 2668 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Visible Gold Mines' Return-on-Tangible-Asset too high?
Visible Gold Mines' current Return-on-Tangible-Asset is 106.68%. Based on the distribution chart, Visible Gold Mines ranks #8 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Visible Gold Mines has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Visible Gold Mines' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Visible Gold Mines ranks #8 out of 2668 companies for Return-on-Tangible-Asset. This places Visible Gold Mines in the top 0% 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 Visible Gold Mines and its competitors. Visible Gold Mines's current Return-on-Tangible-Asset is 106.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visible Gold Mines stock overvalued right now?
Visible Gold Mines (TSXV:VGD) has a current Return-on-Tangible-Asset of 106.68%. The current Return-on-Tangible-Asset is 106.68%. Visible Gold Mines' overall GF Score™ is 40/100. 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 Visible Gold Mines (TSXV:VGD), the current Return-on-Tangible-Asset is 106.68% as of Jan. 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.
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the exploration and evaluation of mineral resources. Its projects include the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a minority interest in the Capricorn project, all located along the Cadillac-Larder Lake near the town of Rouyn-Noranda in the province of Quebec, Canada. Its Lithium James Bay projects include Megali, Carli, and Natali.
40GF Score
Get the complete analysis for TSXV:VGD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:VGD has been successfully added to your 
