PT Merdeka Gold Resources TbkFRA:8ZS +0.63%1 Return-on-Tangible-Equity is -11.75% as of Mar. 2026. GuruFocus rates FRA:8ZS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 2,382 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks better than 65.03% 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. PT Merdeka Gold Resources Tbk's annualized net income for the quarter that ended in Mar. 2026 was €-37.82 Mil. PT Merdeka Gold Resources Tbk's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €321.83 Mil. Therefore, PT Merdeka Gold Resources Tbk's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -11.75%.
The historical rank and industry rank for PT Merdeka Gold Resources Tbk's Return-on-Tangible-Equity or its related term are showing as below:
FRA:8ZS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8.55 Med: -6.42 Max: -4.24
Current: -4.67
During the past 4 years, PT Merdeka Gold Resources Tbk's highest Return-on-Tangible-Equity was -4.24%. The lowest was -8.55%. And the median was -6.42%.
FRA:8ZS's Return-on-Tangible-Equity is ranked better than 65.03% of 2382
companies
in the Metals & Mining industry
Industry Median: -16.21
vs FRA:8ZS: -4.67
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.
PT Merdeka Gold Resources Tbk Return-on-Tangible-Equity Related Terms
PT Merdeka Gold Resources Tbk 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.
FRA:8ZS vs NEM, AU, RGLD: Return-on-Tangible-Equity Comparison
For the Gold subindustry, PT Merdeka Gold Resources Tbk'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.
PT Merdeka Gold Resources Tbk Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where PT Merdeka Gold Resources Tbk'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 -11.75% mean?
PT Merdeka Gold Resources Tbk (FRA:8ZS) has a Return-on-Tangible-Equity of -11.75% 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 PT Merdeka Gold Resources Tbk and its competitors. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #833 out of 2382 companies in the Metals & Mining industry, placing it in the top 35%.
Is PT Merdeka Gold Resources Tbk's Return-on-Tangible-Equity too high?
PT Merdeka Gold Resources Tbk's current Return-on-Tangible-Equity is -11.75%. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #833 out of 2382 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #833 out of 2382 companies for Return-on-Tangible-Equity. This puts PT Merdeka Gold Resources Tbk 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 PT Merdeka Gold Resources Tbk and its competitors. PT Merdeka Gold Resources Tbk's current Return-on-Tangible-Equity is -11.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (FRA:8ZS) has a current Return-on-Tangible-Equity of -11.75%. The current Return-on-Tangible-Equity is -11.75%. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 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 PT Merdeka Gold Resources Tbk (FRA:8ZS), the current Return-on-Tangible-Equity is -11.75% 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.
PT Merdeka Gold Resources Tbk Business Description
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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