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Lightning ResourceBMTLF 31 Return-on-Tangible-Equity is -15.80% as of Mar. 2026. GuruFocus rates BMTLF with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 2,385 Metals & Mining companies, Lightning Resource ranks worse than 93.96% 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. Lightning Resource's annualized net income for the quarter that ended in Mar. 2026 was $-0.75 Mil. Lightning Resource's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $4.76 Mil. Therefore, Lightning Resource's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -15.80%.
The historical rank and industry rank for Lightning Resource's Return-on-Tangible-Equity or its related term are showing as below:
BMTLF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -255.11 Med: -13.84 Max: -9.4
Current: -255.11
During the past 13 years, Lightning Resource's highest Return-on-Tangible-Equity was -9.40%. The lowest was -255.11%. And the median was -13.84%.
BMTLF's Return-on-Tangible-Equity is ranked worse than 93.96% of 2385
companies
in the Metals & Mining industry
Industry Median: -16.4
vs BMTLF: -255.11
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.
Lightning Resource Return-on-Tangible-Equity Related Terms
Lightning Resource Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Lightning Resource'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, Lightning Resource'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.
Lightning Resource Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lightning Resource's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lightning Resource'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 (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 -15.80% mean?
Lightning Resource (BMTLF) has a Return-on-Tangible-Equity of -15.80% 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 Lightning Resource and its competitors. According to the industry distribution chart, Lightning Resource ranks #2241 out of 2385 companies in the Metals & Mining industry, placing it in the top 94%.
Is Lightning Resource's Return-on-Tangible-Equity too high?
Lightning Resource's current Return-on-Tangible-Equity is -15.80%. Based on the distribution chart, Lightning Resource ranks #2241 out of 2385 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lightning Resource has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Lightning Resource's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Lightning Resource ranks #2241 out of 2385 companies for Return-on-Tangible-Equity. This places Lightning Resource 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 Lightning Resource and its competitors. Lightning Resource's current Return-on-Tangible-Equity is -15.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning Resource stock overvalued right now?
Lightning Resource (BMTLF) has a current Return-on-Tangible-Equity of -15.80%. The current Return-on-Tangible-Equity is -15.80%. Lightning Resource's overall GF Score™ is 31/100 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 Lightning Resource (BMTLF), the current Return-on-Tangible-Equity is -15.80% 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.
BeMetals Corp is a base and precious metals exploration and development company. The company holds option agreements to acquire up to a 72% interest in the Pangeni Copper Project on the western extension of the Zambian Copperbelt and up to a 100% interest in the Savant Gold Project in northwestern Ontario, Canada. In addition, the company owns the Kazan Gold Projects, a portfolio of four gold exploration projects in Japan, on which it has granted an option which allows the option holder to earn up to an 80% interest in these projects. The Company operates in one segment, being exploration and evaluation of mineral properties, in Canada, Zambia and Japan.
31GF Score
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