Erdene Resource DevelopmentERDCF +0.81%34 Return-on-Tangible-Equity is 26.84% as of Mar. 2026. GuruFocus rates ERDCF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,378 Metals & Mining companies, Erdene Resource Development ranks better than 74.01% 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. Erdene Resource Development's annualized net income for the quarter that ended in Mar. 2026 was $13.89 Mil. Erdene Resource Development's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $51.75 Mil. Therefore, Erdene Resource Development's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 26.84%.
The historical rank and industry rank for Erdene Resource Development's Return-on-Tangible-Equity or its related term are showing as below:
ERDCF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -80.74 Med: -14.17 Max: 1.73
Current: 1.73
During the past 13 years, Erdene Resource Development's highest Return-on-Tangible-Equity was 1.73%. The lowest was -80.74%. And the median was -14.17%.
ERDCF's Return-on-Tangible-Equity is ranked better than 74.01% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.365
vs ERDCF: 1.73
Erdene Resource Development (OTCPK:ERDCF) 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.
Erdene Resource Development Return-on-Tangible-Equity Related Terms
Erdene Resource Development 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.
Erdene Resource Development Return-on-Tangible-Equity Chart
Erdene Resource Development Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.
Erdene Resource Development Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Erdene Resource Development'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 26.84% mean?
Erdene Resource Development (ERDCF) has a Return-on-Tangible-Equity of 26.84% 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 Erdene Resource Development and its competitors. According to the industry distribution chart, Erdene Resource Development ranks #618 out of 2378 companies in the Metals & Mining industry, placing it in the top 26%.
Is Erdene Resource Development's Return-on-Tangible-Equity too high?
Erdene Resource Development's current Return-on-Tangible-Equity is 26.84%. Based on the distribution chart, Erdene Resource Development ranks #618 out of 2378 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Erdene Resource Development has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Erdene Resource Development's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Erdene Resource Development ranks #618 out of 2378 companies for Return-on-Tangible-Equity. This puts Erdene Resource Development 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 Erdene Resource Development and its competitors. Erdene Resource Development's current Return-on-Tangible-Equity is 26.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erdene Resource Development stock overvalued right now?
Erdene Resource Development (ERDCF) has a current Return-on-Tangible-Equity of 26.84%. The current Return-on-Tangible-Equity is 26.84%. Erdene Resource Development's overall GF Score™ is 34/100 with 1 warning sign 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 Erdene Resource Development (ERDCF), the current Return-on-Tangible-Equity is 26.84% 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.
Erdene Resource Development Corp is a Canadian-based company focused on the acquisition, exploration, and development of large, high-grade, near-surface, precious and base metals deposits in underexplored and prospective Mongolia. Currently, the corporation's principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other exploration and evaluation assets consist of interests in the Zuun Mod, Greater Dark Horse, Altan Nar, Dark Horse, Ulaan, Tereg Uul, and other properties located in Mongolia.
34GF Score
Get the complete analysis for ERDCF
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ERDCF has been successfully added to your 
