Hudbay MineralsFRA:OCKA +0.95%77 Return-on-Tangible-Equity is 23.20% as of Mar. 2026, which is 546% above its 10-year median of 3.59. GuruFocus rates FRA:OCKA with a GF Score™ of 77/100 and a GF Value™ of €9.50 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,374 Metals & Mining companies, Hudbay Minerals ranks better than 88.88% 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. Hudbay Minerals's annualized net income for the quarter that ended in Mar. 2026 was €659 Mil. Hudbay Minerals's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €2,840 Mil. Therefore, Hudbay Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.20%.
The historical rank and industry rank for Hudbay Minerals's Return-on-Tangible-Equity or its related term are showing as below:
FRA:OCKA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.93 Med: 3.59 Max: 21.85
Current: 21.85
During the past 13 years, Hudbay Minerals's highest Return-on-Tangible-Equity was 21.85%. The lowest was -16.93%. And the median was 3.59%.
FRA:OCKA's Return-on-Tangible-Equity is ranked better than 88.88% of 2374
companies
in the Metals & Mining industry
Industry Median: -16.495
vs FRA:OCKA: 21.85
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.
Hudbay Minerals Return-on-Tangible-Equity Related Terms
Hudbay Minerals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hudbay 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.
FRA:OCKA vs SCCO, FCX: Return-on-Tangible-Equity Comparison
For the Copper subindustry, Hudbay 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.
Hudbay Minerals Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hudbay Minerals'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 23.20% mean?
Hudbay Minerals (FRA:OCKA) has a Return-on-Tangible-Equity of 23.20% 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 Hudbay Minerals and its competitors. This is 546% above median its historical median of 3.59. According to the industry distribution chart, Hudbay Minerals ranks #264 out of 2374 companies in the Metals & Mining industry, placing it in the top 11.1%.
Is Hudbay Minerals' Return-on-Tangible-Equity too high?
Hudbay Minerals' current Return-on-Tangible-Equity of 23.20% is 546% above median its 10-year median of 3.59. Based on the distribution chart, Hudbay Minerals ranks #264 out of 2374 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Hudbay Minerals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudbay Minerals' Return-on-Tangible-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Hudbay Minerals ranks #264 out of 2374 companies for Return-on-Tangible-Equity. This places Hudbay Minerals in the top 11% 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 Hudbay Minerals and its competitors. Hudbay Minerals's current Return-on-Tangible-Equity is 23.20%, which is 546% above median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudbay Minerals stock overvalued right now?
Based on GuruFocus' analysis, Hudbay Minerals (FRA:OCKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.50, compared to a current price of €20.21 — trading 112.7% above its estimated fair value. The current Return-on-Tangible-Equity is 23.20%, which is 546% above median its 10-year median of 3.59. Hudbay Minerals' overall GF Score™ is 77/100 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 Hudbay Minerals (FRA:OCKA), the current Return-on-Tangible-Equity is 23.20% 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 Hudbay Minerals (FRA:OCKA) Overvalued in 2026?
Based on GuruFocus' analysis, Hudbay Minerals stock appears to be overvalued.
The current stock price of €20.21 is trading 112.7% above its estimated GF Value™ of €9.50.
GuruFocus considers Hudbay Minerals to be Significantly Overvalued.
Key valuation signals for FRA:OCKA:
Return-on-Tangible-Equity: 23.20% (546% above median its 10-year median of 3.59)
GF Value™: €9.50 vs. price of €20.21 (112.7% above fair value)
No single metric tells the full story. See the FRA:OCKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
77GF Score
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