Royal GoldXSWX:RGLD 91 Return-on-Tangible-Asset is 11.82% as of Mar. 2026, which is 67% above its 10-year median of 7.08. GuruFocus rates XSWX:RGLD with a GF Score™ of 91/100 and a GF Value™ of CHF222.20. The stock has 2 warning signs investors should review. Among 2,662 Metals & Mining companies, Royal Gold ranks better than 89.18% 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. Royal Gold's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF1,125 Mil. Royal Gold's average total tangible assets for the quarter that ended in Mar. 2026 was CHF9,514 Mil. Therefore, Royal Gold's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.82%.
The historical rank and industry rank for Royal Gold's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:RGLD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.92 Med: 7.08 Max: 11.17
Current: 10.38
During the past 13 years, Royal Gold's highest Return-on-Tangible-Asset was 11.17%. The lowest was -3.92%. And the median was 7.08%.
XSWX:RGLD's Return-on-Tangible-Asset is ranked better than 89.18% of 2662
companies
in the Metals & Mining industry
Industry Median: -17.275
vs XSWX:RGLD: 10.38
Royal Gold (XSWX:RGLD) Return-on-Tangible-Asset Explanation
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.
Royal Gold Return-on-Tangible-Asset Related Terms
Royal Gold Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Royal 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:RGLD vs : Return-on-Tangible-Asset Comparison
For the Gold subindustry, Royal 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.
Royal Gold Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Royal Gold's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Royal 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 11.82% mean?
Royal Gold (XSWX:RGLD) has a Return-on-Tangible-Asset of 11.82% 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 Royal Gold and its competitors. This is 67% above median its historical median of 7.08. According to the industry distribution chart, Royal Gold ranks #288 out of 2662 companies in the Metals & Mining industry, placing it in the top 10.8%.
Is Royal Gold's Return-on-Tangible-Asset too high?
Royal Gold's current Return-on-Tangible-Asset of 11.82% is 67% above median its 10-year median of 7.08. Based on the distribution chart, Royal Gold ranks #288 out of 2662 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Royal Gold has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Royal Gold's Return-on-Tangible-Asset compare to ?
According to the Metals & Mining industry distribution chart, Royal Gold ranks #288 out of 2662 companies for Return-on-Tangible-Asset. This places Royal Gold in the top 11% 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 Royal Gold and its competitors. Royal Gold's current Return-on-Tangible-Asset is 11.82%, which is 67% above median its own 10-year median of 7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Gold stock overvalued right now?
Royal Gold (XSWX:RGLD) has a current Return-on-Tangible-Asset of 11.82%. The stock's GF Value™ is CHF222.20, compared to a current price of CHF164.28 — trading 26.1% below its estimated fair value. The current Return-on-Tangible-Asset is 11.82%, which is 67% above median its 10-year median of 7.08. Royal Gold's overall GF Score™ is 91/100 with 2 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 Royal Gold (XSWX:RGLD), the current Return-on-Tangible-Asset is 11.82% 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 Royal Gold (XSWX:RGLD) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Gold stock appears to be undervalued.
The current stock price of CHF164.28 is trading 26.1% below its estimated GF Value™ of CHF222.20.
Key valuation signals for XSWX:RGLD:
Return-on-Tangible-Asset: 11.82% (67% above median its 10-year median of 7.08)
GF Value™: CHF222.20 vs. price of CHF164.28 (26.1% below fair value)
No single metric tells the full story. See the XSWX:RGLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Gold Inc enquires and manages precious metal royalties and streams with a focus on gold. The company purchases a percentage of the metal produced from a mineral property for an initial payment without assuming responsibility for mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine in exchange for an upfront deposit payment. Generally, Royal Gold does not work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
91GF Score
Get the complete analysis for XSWX:RGLD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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