Metals ExplorationFRA:MJ4 +1.37%59 Return-on-Tangible-Equity is 10.37% as of Dec. 2025, which is 40% below its 10-year median of 17.22. GuruFocus rates FRA:MJ4 with a GF Score™ of 59/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,376 Metals & Mining companies, Metals Exploration ranks better than 84.6% 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. Metals Exploration's annualized net income for the quarter that ended in Dec. 2025 was €21.1 Mil. Metals Exploration's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €203.8 Mil. Therefore, Metals Exploration's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 10.37%.
The historical rank and industry rank for Metals Exploration's Return-on-Tangible-Equity or its related term are showing as below:
FRA:MJ4'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -350.02 Med: 17.22 Max: 272.05
Current: 14.08
During the past 13 years, Metals Exploration's highest Return-on-Tangible-Equity was 272.05%. The lowest was -350.02%. And the median was 17.22%.
FRA:MJ4's Return-on-Tangible-Equity is ranked better than 84.6% of 2376
companies
in the Metals & Mining industry
Industry Median: -16.445
vs FRA:MJ4: 14.08
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.
Metals Exploration Return-on-Tangible-Equity Related Terms
Metals Exploration Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Metals Exploration'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.
FRA:MJ4 vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Metals Exploration'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.
Metals Exploration Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Metals Exploration's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Metals Exploration'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 10.37% mean?
Metals Exploration (FRA:MJ4) has a Return-on-Tangible-Equity of 10.37% 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 Metals Exploration and its competitors. This is 40% below median its historical median of 17.22. According to the industry distribution chart, Metals Exploration ranks #366 out of 2376 companies in the Metals & Mining industry, placing it in the top 15.4%.
Is Metals Exploration's Return-on-Tangible-Equity too high?
Metals Exploration's current Return-on-Tangible-Equity of 10.37% is 40% below median its 10-year median of 17.22. Based on the distribution chart, Metals Exploration ranks #366 out of 2376 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Metals Exploration has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metals Exploration's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Metals Exploration ranks #366 out of 2376 companies for Return-on-Tangible-Equity. This places Metals Exploration in the top 15% 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 Metals Exploration and its competitors. Metals Exploration's current Return-on-Tangible-Equity is 10.37%, which is 40% below median its own 10-year median of 17.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metals Exploration stock overvalued right now?
Based on GuruFocus' analysis, Metals Exploration (FRA:MJ4) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.15 — trading 270% above its estimated fair value. The current Return-on-Tangible-Equity is 10.37%, which is 40% below median its 10-year median of 17.22. Metals Exploration's overall GF Score™ is 59/100 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 Metals Exploration (FRA:MJ4), the current Return-on-Tangible-Equity is 10.37% 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 Metals Exploration (FRA:MJ4) Overvalued in 2026?
Based on GuruFocus' analysis, Metals Exploration stock appears to be overvalued.
The current stock price of €0.15 is trading 270% above its estimated GF Value™ of €0.04.
GuruFocus considers Metals Exploration to be Significantly Overvalued.
Key valuation signals for FRA:MJ4:
Return-on-Tangible-Equity: 10.37% (40% below median its 10-year median of 17.22)
GF Value™: €0.04 vs. price of €0.15 (270% above fair value)
No single metric tells the full story. See the FRA:MJ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is the Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.
59GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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