KGHM Polska MiedzKGHPF -8.85%69 Return-on-Tangible-Equity is 40.74% as of Mar. 2026, which is 338% above its 10-year median of 9.30. GuruFocus rates KGHPF with a GF Score™ of 69/100 and a GF Value™ of $41.75 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,382 Metals & Mining companies, KGHM Polska Miedz ranks better than 88.54% 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. KGHM Polska Miedz's annualized net income for the quarter that ended in Mar. 2026 was $3,724 Mil. KGHM Polska Miedz's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $9,143 Mil. Therefore, KGHM Polska Miedz's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 40.74%.
The historical rank and industry rank for KGHM Polska Miedz's Return-on-Tangible-Equity or its related term are showing as below:
KGHPF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -24.6 Med: 9.3 Max: 25.84
Current: 20.95
During the past 13 years, KGHM Polska Miedz's highest Return-on-Tangible-Equity was 25.84%. The lowest was -24.60%. And the median was 9.30%.
KGHPF's Return-on-Tangible-Equity is ranked better than 88.54% of 2382
companies
in the Metals & Mining industry
Industry Median: -16.21
vs KGHPF: 20.95
KGHM Polska Miedz (OTCPK:KGHPF) 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.
KGHM Polska Miedz Return-on-Tangible-Equity Related Terms
KGHM Polska Miedz Return-on-Tangible-Equity Historical Data
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The historical data trend for KGHM Polska Miedz'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.
KGHPF vs SCCO, FCX: Return-on-Tangible-Equity Comparison
For the Copper subindustry, KGHM Polska Miedz'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.
KGHM Polska Miedz Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where KGHM Polska Miedz'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 40.74% mean?
KGHM Polska Miedz (KGHPF) has a Return-on-Tangible-Equity of 40.74% 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 KGHM Polska Miedz and its competitors. This is 338% above median its historical median of 9.30. According to the industry distribution chart, KGHM Polska Miedz ranks #273 out of 2382 companies in the Metals & Mining industry, placing it in the top 11.5%.
Is KGHM Polska Miedz's Return-on-Tangible-Equity too high?
KGHM Polska Miedz's current Return-on-Tangible-Equity of 40.74% is 338% above median its 10-year median of 9.30. Based on the distribution chart, KGHM Polska Miedz ranks #273 out of 2382 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, KGHM Polska Miedz has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's Return-on-Tangible-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KGHM Polska Miedz ranks #273 out of 2382 companies for Return-on-Tangible-Equity. This places KGHM Polska Miedz in the top 12% 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 KGHM Polska Miedz and its competitors. KGHM Polska Miedz's current Return-on-Tangible-Equity is 40.74%, which is 338% above median its own 10-year median of 9.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (KGHPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.75, compared to a current price of $80.21 — trading 92.1% above its estimated fair value. The current Return-on-Tangible-Equity is 40.74%, which is 338% above median its 10-year median of 9.30. KGHM Polska Miedz's overall GF Score™ is 69/100 with 6 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 KGHM Polska Miedz (KGHPF), the current Return-on-Tangible-Equity is 40.74% 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 KGHM Polska Miedz (KGHPF) Overvalued in 2026?
Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued.
The current stock price of $80.21 is trading 92.1% above its estimated GF Value™ of $41.75.
GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.
Key valuation signals for KGHPF:
Return-on-Tangible-Equity: 40.74% (338% above median its 10-year median of 9.30)
GF Value™: $41.75 vs. price of $80.21 (92.1% above fair value)
No single metric tells the full story. See the KGHPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
69GF Score
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