Kinross GoldXSWX:KG +0.14%94 Return-on-Tangible-Asset is 26.50% as of Mar. 2026, which is 460% above its 10-year median of 4.73. GuruFocus rates XSWX:KG with a GF Score™ of 94/100 and a GF Value™ of CHF14.49 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,667 Metals & Mining companies, Kinross Gold ranks better than 95.16% 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. Kinross Gold's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF2,655 Mil. Kinross Gold's average total tangible assets for the quarter that ended in Mar. 2026 was CHF10,017 Mil. Therefore, Kinross Gold's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 26.50%.
The historical rank and industry rank for Kinross Gold's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:KG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.03 Med: 4.73 Max: 23.75
Current: 23.75
During the past 13 years, Kinross Gold's highest Return-on-Tangible-Asset was 23.75%. The lowest was -6.03%. And the median was 4.73%.
XSWX:KG's Return-on-Tangible-Asset is ranked better than 95.16% of 2667
companies
in the Metals & Mining industry
Industry Median: -17.27
vs XSWX:KG: 23.75
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.
Kinross Gold Return-on-Tangible-Asset Related Terms
Kinross Gold Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kinross Gold'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:KG vs NEM, AU, RGLD: Return-on-Tangible-Asset Comparison
For the Gold subindustry, Kinross Gold'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.
Kinross Gold Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kinross Gold'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 26.50% mean?
Kinross Gold (XSWX:KG) has a Return-on-Tangible-Asset of 26.50% 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 Kinross Gold and its competitors. This is 460% above median its historical median of 4.73. According to the industry distribution chart, Kinross Gold ranks #129 out of 2667 companies in the Metals & Mining industry, placing it in the top 4.8%.
Is Kinross Gold's Return-on-Tangible-Asset too high?
Kinross Gold's current Return-on-Tangible-Asset of 26.50% is 460% above median its 10-year median of 4.73. Based on the distribution chart, Kinross Gold ranks #129 out of 2667 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Return-on-Tangible-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #129 out of 2667 companies for Return-on-Tangible-Asset. This places Kinross Gold in the top 5% 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 Kinross Gold and its competitors. Kinross Gold's current Return-on-Tangible-Asset is 26.50%, which is 460% above median its own 10-year median of 4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (XSWX:KG) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF14.49, compared to a current price of CHF19.16 — trading 32.3% above its estimated fair value. The current Return-on-Tangible-Asset is 26.50%, which is 460% above median its 10-year median of 4.73. Kinross Gold's overall GF Score™ is 94/100 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 Kinross Gold (XSWX:KG), the current Return-on-Tangible-Asset is 26.50% 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 Kinross Gold (XSWX:KG) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of CHF19.16 is trading 32.3% above its estimated GF Value™ of CHF14.49.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for XSWX:KG:
Return-on-Tangible-Asset: 26.50% (460% above median its 10-year median of 4.73)
GF Value™: CHF14.49 vs. price of CHF19.16 (32.3% above fair value)
No single metric tells the full story. See the XSWX:KG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
94GF Score
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