SMI - Ste Metallurgique d'ImiterCAS:SMI 69 Return-on-Tangible-Equity is 40.11% as of Dec. 2025, which is 260% above its 10-year median of 11.14. GuruFocus rates CAS:SMI with a GF Score™ of 69/100 and a GF Value™ of MAD3,431.11 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,378 Metals & Mining companies, SMI - Ste Metallurgique d'Imiter ranks better than 91.3% on this metric.
The historical rank and industry rank for SMI - Ste Metallurgique d'Imiter's Return-on-Tangible-Equity or its related term are showing as below:
CAS:SMI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -15.19 Med: 11.14 Max: 28.35
Current: 28.35
During the past 13 years, SMI - Ste Metallurgique d'Imiter's highest Return-on-Tangible-Equity was 28.35%. The lowest was -15.19%. And the median was 11.14%.
CAS:SMI's Return-on-Tangible-Equity is ranked better than 91.3% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.365
vs CAS:SMI: 28.35
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.
SMI - Ste Metallurgique d'Imiter Return-on-Tangible-Equity Related Terms
SMI - Ste Metallurgique d'Imiter Return-on-Tangible-Equity Historical Data
* 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, SMI - Ste Metallurgique d'Imiter'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.
SMI - Ste Metallurgique d'Imiter Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SMI - Ste Metallurgique d'Imiter'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 40.11% mean?
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a Return-on-Tangible-Equity of 40.11% 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 SMI - Ste Metallurgique d'Imiter and its competitors. This is 260% above median its historical median of 11.14. According to the industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #207 out of 2378 companies in the Metals & Mining industry, placing it in the top 8.7%.
Is SMI - Ste Metallurgique d'Imiter's Return-on-Tangible-Equity too high?
SMI - Ste Metallurgique d'Imiter's current Return-on-Tangible-Equity of 40.11% is 260% above median its 10-year median of 11.14. Based on the distribution chart, SMI - Ste Metallurgique d'Imiter ranks #207 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #207 out of 2378 companies for Return-on-Tangible-Equity. This places SMI - Ste Metallurgique d'Imiter 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 SMI - Ste Metallurgique d'Imiter and its competitors. SMI - Ste Metallurgique d'Imiter's current Return-on-Tangible-Equity is 40.11%, which is 260% above median its own 10-year median of 11.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMI - Ste Metallurgique d'Imiter stock overvalued right now?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter (CAS:SMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD3,431.11, compared to a current price of MAD6,556.00 — trading 91.1% above its estimated fair value. The current Return-on-Tangible-Equity is 40.11%, which is 260% above median its 10-year median of 11.14. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 69/100 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current Return-on-Tangible-Equity is 40.11% 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI) Overvalued in 2026?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter stock appears to be overvalued.
The current stock price of MAD6,556.00 is trading 91.1% above its estimated GF Value™ of MAD3,431.11.
GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.
Key valuation signals for CAS:SMI:
Return-on-Tangible-Equity: 40.11% (260% above median its 10-year median of 11.14)
GF Value™: MAD3,431.11 vs. price of MAD6,556.00 (91.1% above fair value)
No single metric tells the full story. See the CAS:SMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMI - Ste Metallurgique d'Imiter Business Description
SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.
69GF Score
Get the complete analysis for CAS:SMI
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