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. Capricorn Metals's annualized net income for the quarter that ended in Dec. 2025 was A$249.4 Mil. Capricorn Metals's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$1,022.5 Mil. Therefore, Capricorn Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 24.39%.
The historical rank and industry rank for Capricorn Metals's Return-on-Tangible-Equity or its related term are showing as below:
ASX:CMM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -79.65 Med: -6.82 Max: 47.35
Current: 26.96
During the past 13 years, Capricorn Metals's highest Return-on-Tangible-Equity was 47.35%. The lowest was -79.65%. And the median was -6.82%.
ASX:CMM's Return-on-Tangible-Equity is ranked better than 90.79% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.28
vs ASX:CMM: 26.96
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.
Capricorn Metals Return-on-Tangible-Equity Related Terms
Capricorn Metals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Capricorn Metals's Return-on-Tangible-Equity 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.
ASX:CMM vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Capricorn Metals'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.
Capricorn Metals Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Capricorn Metals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Capricorn Metals'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 24.39% mean?
Capricorn Metals (ASX:CMM) has a Return-on-Tangible-Equity of 24.39% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Capricorn Metals and its competitors. According to the industry distribution chart, Capricorn Metals ranks #219 out of 2378 companies in the Metals & Mining industry, placing it in the top 9.2%.
Is Capricorn Metals' Return-on-Tangible-Equity too high?
Capricorn Metals' current Return-on-Tangible-Equity is 24.39%. Based on the distribution chart, Capricorn Metals ranks #219 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Capricorn Metals has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capricorn Metals' Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Capricorn Metals ranks #219 out of 2378 companies for Return-on-Tangible-Equity. This places Capricorn Metals in the top 9% 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 Capricorn Metals and its competitors. Capricorn Metals's current Return-on-Tangible-Equity is 24.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capricorn Metals stock overvalued right now?
Based on GuruFocus' analysis, Capricorn Metals (ASX:CMM) is currently considered Modestly Overvalued. The stock's GF Value™ is A$10.49, compared to a current price of A$12.48 — trading 19% above its estimated fair value. The current Return-on-Tangible-Equity is 24.39%. Capricorn Metals' overall GF Score™ is 64/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Capricorn Metals (ASX:CMM), the current Return-on-Tangible-Equity is 24.39% as of Dec. 2025. 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 Capricorn Metals (ASX:CMM) Overvalued in 2026?
Based on GuruFocus' analysis, Capricorn Metals stock appears to be overvalued.
The current stock price of A$12.48 is trading 19% above its estimated GF Value™ of A$10.49.
GuruFocus considers Capricorn Metals to be Modestly Overvalued.
Key valuation signals for ASX:CMM:
Return-on-Tangible-Equity: 24.39%
GF Value™: A$10.49 vs. price of A$12.48 (19% above fair value)
No single metric tells the full story. See the ASX:CMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capricorn Metals Ltd is a mineral exploration and project evaluation company. The company's reportable segments includes the Karlawinda gold project and the Mount Gibson Gold project. It derives maximum revenue from Karlawinda gold project.
64GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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