Legacy Iron OreASX:LCY +20.00% Return-on-Tangible-Equity is 11.63% as of Mar. 2026. The stock has 2 warning signs investors should review. Among 2,378 Metals & Mining companies, Legacy Iron Ore ranks better than 70.1% 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. Legacy Iron Ore's annualized net income for the quarter that ended in Mar. 2026 was A$3.24 Mil. Legacy Iron Ore's average shareholder tangible equity for the quarter that ended in Mar. 2026 was A$27.88 Mil. Therefore, Legacy Iron Ore's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.63%.
The historical rank and industry rank for Legacy Iron Ore's Return-on-Tangible-Equity or its related term are showing as below:
ASX:LCY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -87.55 Med: -5.64 Max: 8.25
Current: -1.97
During the past 13 years, Legacy Iron Ore's highest Return-on-Tangible-Equity was 8.25%. The lowest was -87.55%. And the median was -5.64%.
ASX:LCY's Return-on-Tangible-Equity is ranked better than 70.1% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.365
vs ASX:LCY: -1.97
Legacy Iron Ore (ASX:LCY) Return-on-Tangible-Equity Explanation
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.
Legacy Iron Ore Return-on-Tangible-Equity Related Terms
Legacy Iron Ore Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Legacy Iron Ore'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.
Legacy Iron Ore Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.
Legacy Iron Ore Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Legacy Iron Ore's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Legacy Iron Ore'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.63% mean?
Legacy Iron Ore (ASX:LCY) has a Return-on-Tangible-Equity of 11.63% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Legacy Iron Ore and its competitors. According to the industry distribution chart, Legacy Iron Ore ranks #711 out of 2378 companies in the Metals & Mining industry, placing it in the top 29.9%.
Is Legacy Iron Ore's Return-on-Tangible-Equity too high?
Legacy Iron Ore's current Return-on-Tangible-Equity is 11.63%. Based on the distribution chart, Legacy Iron Ore ranks #711 out of 2378 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Legacy Iron Ore's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Legacy Iron Ore ranks #711 out of 2378 companies for Return-on-Tangible-Equity. This puts Legacy Iron Ore in the upper half of its industry. 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 Legacy Iron Ore and its competitors. Legacy Iron Ore's current Return-on-Tangible-Equity is 11.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Iron Ore stock overvalued right now?
Legacy Iron Ore (ASX:LCY) has a current Return-on-Tangible-Equity of 11.63%. The current Return-on-Tangible-Equity is 11.63%. 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 Legacy Iron Ore (ASX:LCY), the current Return-on-Tangible-Equity is 11.63% 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.
Legacy Iron Ore Ltd is an active exploration and gold mining company with a diverse portfolio of prospective assets. The company owns a gold mine at Mount Celia and is advancing the development of additional gold, iron, and base metal assets in Western Australia through systematic exploration and mine development programs. Its portfolio comprises three key projects, namely Mt Bevan, South Laverton, and East Kimberley. The company has three reportable segments: Iron ore exploration and development in Australia; (ii) Gold exploration and development in Australia, and (iii) Base metals and other critical minerals (OCM) exploration and development in Australia. The majority of revenue is derived from the Gold segment.
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