FQVLF (First Quantum Minerals) Return-on-Tangible-Equity: -7.20% (As of Mar. 2026)


FQVLF First Quantum Minerals Ltd FQVLF
73 GF Score
Price $26.23
GF Value $16.03
Valuation Significantly Overvalued
! 3 Warning Signs
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What is First Quantum Minerals Return-on-Tangible-Equity?

First Quantum Minerals FQVLF -4.77% 73 Return-on-Tangible-Equity is -7.20% as of Mar. 2026. GuruFocus rates FQVLF with a GF Score™ of 73/100 and a GF Value™ of $16.03 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,375 Metals & Mining companies, First Quantum Minerals ranks better than 70.27% 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. First Quantum Minerals's annualized net income for the quarter that ended in Mar. 2026 was $-784 Mil. First Quantum Minerals's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $10,883 Mil. Therefore, First Quantum Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -7.20%.

The historical rank and industry rank for First Quantum Minerals's Return-on-Tangible-Equity or its related term are showing as below:

FQVLF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.17   Med: -0.37   Max: 10.4
Current: -1.81

During the past 13 years, First Quantum Minerals's highest Return-on-Tangible-Equity was 10.40%. The lowest was -9.17%. And the median was -0.37%.

FQVLF's Return-on-Tangible-Equity is ranked better than
70.27% of 2375 companies
in the Metals & Mining industry
Industry Median: -16.5 vs FQVLF: -1.81

First Quantum Minerals  (OTCPK:FQVLF) 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.


First Quantum Minerals Return-on-Tangible-Equity Related Terms


First Quantum Minerals Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for First Quantum Minerals'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.

First Quantum Minerals Return-on-Tangible-Equity Chart

First Quantum Minerals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.04 10.11 -9.23 0.02 -0.25

First Quantum Minerals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.82 0.65 -1.72 0.91 -7.20

FQVLF vs SCCO, FCX: Return-on-Tangible-Equity Comparison

For the Copper subindustry, First Quantum Minerals'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.


First Quantum Minerals Return-on-Tangible-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where First Quantum Minerals's Return-on-Tangible-Equity falls into.


FQVLF
73GF Score
First Quantum Minerals Ltd FQVLF
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Quantum Minerals Return-on-Tangible-Equity Calculation

First Quantum Minerals's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-28/( (11232+10928 )/ 2 )
=-28/11080
=-0.25 %

First Quantum Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-784/( (10928+10837)/ 2 )
=-784/10882.5
=-7.20 %

* 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 -7.20% mean?
First Quantum Minerals (FQVLF) has a Return-on-Tangible-Equity of -7.20% 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 First Quantum Minerals and its competitors. According to the industry distribution chart, First Quantum Minerals ranks #706 out of 2375 companies in the Metals & Mining industry, placing it in the top 29.7%.
Is First Quantum Minerals' Return-on-Tangible-Equity too high?
First Quantum Minerals' current Return-on-Tangible-Equity is -7.20%. Based on the distribution chart, First Quantum Minerals ranks #706 out of 2375 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, First Quantum Minerals has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' Return-on-Tangible-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #706 out of 2375 companies for Return-on-Tangible-Equity. This puts First Quantum Minerals 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 First Quantum Minerals and its competitors. First Quantum Minerals's current Return-on-Tangible-Equity is -7.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.03, compared to a current price of $26.23 — trading 63.6% above its estimated fair value. The current Return-on-Tangible-Equity is -7.20%. First Quantum Minerals' overall GF Score™ is 73/100 with 3 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 First Quantum Minerals (FQVLF), the current Return-on-Tangible-Equity is -7.20% 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.

Is First Quantum Minerals (FQVLF) Overvalued in 2026?

Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued. The current stock price of $26.23 is trading 63.6% above its estimated GF Value™ of $16.03. GuruFocus considers First Quantum Minerals to be Significantly Overvalued.

Key valuation signals for FQVLF:

  • Return-on-Tangible-Equity: -7.20%
  • GF Value™: $16.03 vs. price of $26.23 (63.6% above fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Quantum Minerals Business Description

Other Exchanges IZ1:GermanyFM:Canada
Address 330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
73GF Score

Get the complete analysis for FQVLF

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.23
Price
$16.03
GF Value