Agnico Eagle MinesXSWX:AEM 97 Return-on-Tangible-Asset is 21.99% as of Mar. 2026, which is 277% above its 10-year median of 5.83. GuruFocus rates XSWX:AEM with a GF Score™ of 97/100 and a GF Value™ of CHF65.60. The stock has 1 warning sign investors should review. Among 2,657 Metals & Mining companies, Agnico Eagle Mines ranks better than 93.56% 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. Agnico Eagle Mines's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF5,339 Mil. Agnico Eagle Mines's average total tangible assets for the quarter that ended in Mar. 2026 was CHF24,281 Mil. Therefore, Agnico Eagle Mines's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 21.99%.
The historical rank and industry rank for Agnico Eagle Mines's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:AEM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.58 Med: 5.83 Max: 18.42
Current: 18.42
During the past 13 years, Agnico Eagle Mines's highest Return-on-Tangible-Asset was 18.42%. The lowest was -4.58%. And the median was 5.83%.
XSWX:AEM's Return-on-Tangible-Asset is ranked better than 93.56% of 2657
companies
in the Metals & Mining industry
Industry Median: -17.41
vs XSWX:AEM: 18.42
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.
Agnico Eagle Mines Return-on-Tangible-Asset Related Terms
Agnico Eagle Mines Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Agnico Eagle 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.
XSWX:AEM vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Agnico Eagle 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.
Agnico Eagle Mines Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Agnico Eagle 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 21.99% mean?
Agnico Eagle Mines (XSWX:AEM) has a Return-on-Tangible-Asset of 21.99% 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 Agnico Eagle Mines and its competitors. This is 277% above median its historical median of 5.83. According to the industry distribution chart, Agnico Eagle Mines ranks #171 out of 2657 companies in the Metals & Mining industry, placing it in the top 6.4%.
Is Agnico Eagle Mines' Return-on-Tangible-Asset too high?
Agnico Eagle Mines' current Return-on-Tangible-Asset of 21.99% is 277% above median its 10-year median of 5.83. Based on the distribution chart, Agnico Eagle Mines ranks #171 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #171 out of 2657 companies for Return-on-Tangible-Asset. This places Agnico Eagle Mines in the top 6% 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 Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current Return-on-Tangible-Asset is 21.99%, which is 277% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Agnico Eagle Mines (XSWX:AEM) has a current Return-on-Tangible-Asset of 21.99%. The stock's GF Value™ is CHF65.60, compared to a current price of CHF124.88 — trading 90.4% above its estimated fair value. The current Return-on-Tangible-Asset is 21.99%, which is 277% above median its 10-year median of 5.83. Agnico Eagle Mines' overall GF Score™ is 97/100 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 Agnico Eagle Mines (XSWX:AEM), the current Return-on-Tangible-Asset is 21.99% 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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued.
The current stock price of CHF124.88 is trading 90.4% above its estimated GF Value™ of CHF65.60.
Key valuation signals for XSWX:AEM:
Return-on-Tangible-Asset: 21.99% (277% above median its 10-year median of 5.83)
GF Value™: CHF65.60 vs. price of CHF124.88 (90.4% above fair value)
No single metric tells the full story. See the XSWX:AEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
97GF Score
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