Progressive Planet SolutionsASHXF 34 Return-on-Tangible-Equity is -26.35% as of Jan. 2026. GuruFocus rates ASHXF with a GF Score™ of 34/100 and a GF Value™ of $0.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,378 Metals & Mining companies, Progressive Planet Solutions ranks better than 84.02% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Progressive Planet Solutions's annualized net income for the quarter that ended in Jan. 2026 was $-3.11 Mil. Progressive Planet Solutions's average shareholder tangible equity for the quarter that ended in Jan. 2026 was $11.81 Mil. Therefore, Progressive Planet Solutions's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was -26.35%.
The historical rank and industry rank for Progressive Planet Solutions's Return-on-Tangible-Equity or its related term are showing as below:
ASHXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -167.14 Med: -48.94 Max: 13.31
Current: 13.31
During the past 13 years, Progressive Planet Solutions's highest Return-on-Tangible-Equity was 13.31%. The lowest was -167.14%. And the median was -48.94%.
ASHXF's Return-on-Tangible-Equity is ranked better than 84.02% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.28
vs ASHXF: 13.31
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Progressive Planet Solutions Return-on-Tangible-Equity Related Terms
Progressive Planet Solutions Return-on-Tangible-Equity Historical Data
* 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.
For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Progressive Planet Solutions Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Progressive Planet Solutions's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -26.35% mean?
Progressive Planet Solutions (ASHXF) has a Return-on-Tangible-Equity of -26.35% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Progressive Planet Solutions and its competitors. According to the industry distribution chart, Progressive Planet Solutions ranks #380 out of 2378 companies in the Metals & Mining industry, placing it in the top 16%.
Is Progressive Planet Solutions' Return-on-Tangible-Equity too high?
Progressive Planet Solutions' current Return-on-Tangible-Equity is -26.35%. Based on the distribution chart, Progressive Planet Solutions ranks #380 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Progressive Planet Solutions has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Planet Solutions' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Progressive Planet Solutions ranks #380 out of 2378 companies for Return-on-Tangible-Equity. This places Progressive Planet Solutions in the top 16% 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-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Progressive Planet Solutions and its competitors. Progressive Planet Solutions's current Return-on-Tangible-Equity is -26.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Planet Solutions stock overvalued right now?
Based on GuruFocus' analysis, Progressive Planet Solutions (ASHXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.15, compared to a current price of $0.23 — trading 56.4% above its estimated fair value. The current Return-on-Tangible-Equity is -26.35%. Progressive Planet Solutions' overall GF Score™ is 34/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Progressive Planet Solutions (ASHXF), the current Return-on-Tangible-Equity is -26.35% 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.
Is Progressive Planet Solutions (ASHXF) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Planet Solutions stock appears to be overvalued.
The current stock price of $0.23 is trading 56.4% above its estimated GF Value™ of $0.15.
GuruFocus considers Progressive Planet Solutions to be Significantly Overvalued.
Key valuation signals for ASHXF:
Return-on-Tangible-Equity: -26.35%
GF Value™: $0.15 vs. price of $0.23 (56.4% above fair value)
No single metric tells the full story. See the ASHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.
34GF Score
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