Azimut ExplorationAZMTF 42 Return-on-Tangible-Equity is 66.59% as of Feb. 2026. GuruFocus rates AZMTF with a GF Score™ of 42/100 and a GF Value™ of $0.50 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,382 Metals & Mining companies, Azimut Exploration ranks better than 86.02% 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. Azimut Exploration's annualized net income for the quarter that ended in Feb. 2026 was $30.18 Mil. Azimut Exploration's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $45.33 Mil. Therefore, Azimut Exploration's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 66.59%.
The historical rank and industry rank for Azimut Exploration's Return-on-Tangible-Equity or its related term are showing as below:
AZMTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.92 Med: -3.49 Max: 16
Current: 16
During the past 13 years, Azimut Exploration's highest Return-on-Tangible-Equity was 16.00%. The lowest was -35.92%. And the median was -3.49%.
AZMTF's Return-on-Tangible-Equity is ranked better than 86.02% of 2382
companies
in the Metals & Mining industry
Industry Median: -16.21
vs AZMTF: 16.00
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.
Azimut Exploration Return-on-Tangible-Equity Related Terms
Azimut Exploration Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Azimut Exploration'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, Azimut Exploration'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.
Azimut Exploration Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Azimut Exploration's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Azimut Exploration'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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 66.59% mean?
Azimut Exploration (AZMTF) has a Return-on-Tangible-Equity of 66.59% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Azimut Exploration and its competitors. According to the industry distribution chart, Azimut Exploration ranks #333 out of 2382 companies in the Metals & Mining industry, placing it in the top 14%.
Is Azimut Exploration's Return-on-Tangible-Equity too high?
Azimut Exploration's current Return-on-Tangible-Equity is 66.59%. Based on the distribution chart, Azimut Exploration ranks #333 out of 2382 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Azimut Exploration has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Exploration's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Azimut Exploration ranks #333 out of 2382 companies for Return-on-Tangible-Equity. This places Azimut Exploration in the top 14% 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 Azimut Exploration and its competitors. Azimut Exploration's current Return-on-Tangible-Equity is 66.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Exploration stock overvalued right now?
Based on GuruFocus' analysis, Azimut Exploration (AZMTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.50, compared to a current price of $0.43 — trading 13.5% below its estimated fair value. The current Return-on-Tangible-Equity is 66.59%. Azimut Exploration's overall GF Score™ is 42/100 with 4 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 Azimut Exploration (AZMTF), the current Return-on-Tangible-Equity is 66.59% as of Feb. 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 Azimut Exploration (AZMTF) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Exploration stock appears to be undervalued.
The current stock price of $0.43 is trading 13.5% below its estimated GF Value™ of $0.50.
GuruFocus considers Azimut Exploration to be Modestly Undervalued.
Key valuation signals for AZMTF:
Return-on-Tangible-Equity: 66.59%
GF Value™: $0.50 vs. price of $0.43 (13.5% below fair value)
No single metric tells the full story. See the AZMTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Exploration Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. The Company holds the mineral exploration portfolio in the mining-friendly province of Quebec, Canada, with an exploration focus on large-scale gold, copper, nickel and lithium targets. The group is dedicated to advancing its flagship Elmer gold-copper and Wabamisk gold-antimony projects in parallel with a pipeline of additional exploration opportunities with existing and potential partners.
42GF Score
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