Syrah ResourcesASX:SYR 36 Return-on-Tangible-Equity is -24.85% as of Dec. 2025. GuruFocus rates ASX:SYR with a GF Score™ of 36/100 and a GF Value™ of A$0.17 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,378 Metals & Mining companies, Syrah Resources ranks worse than 60.51% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Syrah Resources's annualized net income for the quarter that ended in Dec. 2025 was A$-123.02 Mil. Syrah Resources's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$495.13 Mil. Therefore, Syrah Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -24.85%.
The historical rank and industry rank for Syrah Resources's Return-on-Tangible-Equity or its related term are showing as below:
ASX:SYR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -34.97 Med: -17.9 Max: -3.44
Current: -28.85
During the past 13 years, Syrah Resources's highest Return-on-Tangible-Equity was -3.44%. The lowest was -34.97%. And the median was -17.90%.
ASX:SYR's Return-on-Tangible-Equity is ranked worse than 60.51% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.365
vs ASX:SYR: -28.85
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.
Syrah Resources Return-on-Tangible-Equity Related Terms
Syrah Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Syrah Resources'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.
For the Other Industrial Metals & Mining subindustry, Syrah Resources'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.
Syrah Resources Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Syrah Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Syrah Resources'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 -24.85% mean?
Syrah Resources (ASX:SYR) has a Return-on-Tangible-Equity of -24.85% 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 Syrah Resources and its competitors. According to the industry distribution chart, Syrah Resources ranks #1439 out of 2378 companies in the Metals & Mining industry, placing it in the top 60.5%.
Is Syrah Resources' Return-on-Tangible-Equity too high?
Syrah Resources' current Return-on-Tangible-Equity is -24.85%. Based on the distribution chart, Syrah Resources ranks #1439 out of 2378 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Syrah Resources has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syrah Resources' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Syrah Resources ranks #1439 out of 2378 companies for Return-on-Tangible-Equity. This places Syrah Resources in the lower 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 Syrah Resources and its competitors. Syrah Resources's current Return-on-Tangible-Equity is -24.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrah Resources stock overvalued right now?
Based on GuruFocus' analysis, Syrah Resources (ASX:SYR) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.17, compared to a current price of A$0.12 — trading 32.4% below its estimated fair value. The current Return-on-Tangible-Equity is -24.85%. Syrah Resources' overall GF Score™ is 36/100 with 8 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 Syrah Resources (ASX:SYR), the current Return-on-Tangible-Equity is -24.85% 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 Syrah Resources (ASX:SYR) Overvalued in 2026?
Based on GuruFocus' analysis, Syrah Resources stock appears to be undervalued.
The current stock price of A$0.12 is trading 32.4% below its estimated GF Value™ of A$0.17.
GuruFocus considers Syrah Resources to be Possible Value Trap.
Key valuation signals for ASX:SYR:
Return-on-Tangible-Equity: -24.85%
GF Value™: A$0.17 vs. price of A$0.12 (32.4% below fair value)
No single metric tells the full story. See the ASX:SYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrah Resources Ltd is a vertically integrated graphite and battery anode material producer. It supplies products for battery and industrial applications. The company operates in three segments: i) Balama: Production, distribution and sale of natural graphite from the Balama Graphite Operation in Mozambique, ii) Vidalia: Production, qualification and sale of AAM from the Vidalia AAM facility, and Corporate: Corporate administration, treasury and investing activities. The majority of revenue is derived from the Balama segment. Geographically, the maximum revenue is derived from Asia (excluding China and India), and the rest from China, Europe, India, the Americas, and Other locations.
36GF Score
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