Lundin GoldLUGDF +1.28%92 Return-on-Tangible-Equity is 80.19% as of Mar. 2026, which is 4211% above its 10-year median of 1.86. GuruFocus rates LUGDF with a GF Score™ of 92/100 and a GF Value™ of $45.79 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,378 Metals & Mining companies, Lundin Gold ranks better than 96.55% 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. Lundin Gold's annualized net income for the quarter that ended in Mar. 2026 was $1,093 Mil. Lundin Gold's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,363 Mil. Therefore, Lundin Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 80.19%.
The historical rank and industry rank for Lundin Gold's Return-on-Tangible-Equity or its related term are showing as below:
LUGDF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.35 Med: 1.86 Max: 67.94
Current: 67.94
During the past 13 years, Lundin Gold's highest Return-on-Tangible-Equity was 67.94%. The lowest was -23.35%. And the median was 1.86%.
LUGDF's Return-on-Tangible-Equity is ranked better than 96.55% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.21
vs LUGDF: 67.94
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.
Lundin Gold Return-on-Tangible-Equity Related Terms
Lundin Gold Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Lundin Gold'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.
LUGDF vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Lundin Gold'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.
Lundin Gold Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lundin Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lundin Gold'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 80.19% mean?
Lundin Gold (LUGDF) has a Return-on-Tangible-Equity of 80.19% 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 Lundin Gold and its competitors. This is 4211% above median its historical median of 1.86. According to the industry distribution chart, Lundin Gold ranks #82 out of 2378 companies in the Metals & Mining industry, placing it in the top 3.4%.
Is Lundin Gold's Return-on-Tangible-Equity too high?
Lundin Gold's current Return-on-Tangible-Equity of 80.19% is 4211% above median its 10-year median of 1.86. Based on the distribution chart, Lundin Gold ranks #82 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Lundin Gold has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Gold's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lundin Gold ranks #82 out of 2378 companies for Return-on-Tangible-Equity. This places Lundin Gold in the top 3% 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 Lundin Gold and its competitors. Lundin Gold's current Return-on-Tangible-Equity is 80.19%, which is 4211% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Gold stock overvalued right now?
Based on GuruFocus' analysis, Lundin Gold (LUGDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.79, compared to a current price of $54.51 — trading 19% above its estimated fair value. The current Return-on-Tangible-Equity is 80.19%, which is 4211% above median its 10-year median of 1.86. Lundin Gold's overall GF Score™ is 92/100 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 Lundin Gold (LUGDF), the current Return-on-Tangible-Equity is 80.19% 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 Lundin Gold (LUGDF) Overvalued in 2026?
Based on GuruFocus' analysis, Lundin Gold stock appears to be overvalued.
The current stock price of $54.51 is trading 19% above its estimated GF Value™ of $45.79.
GuruFocus considers Lundin Gold to be Modestly Overvalued.
Key valuation signals for LUGDF:
Return-on-Tangible-Equity: 80.19% (4211% above median its 10-year median of 1.86)
GF Value™: $45.79 vs. price of $54.51 (19% above fair value)
No single metric tells the full story. See the LUGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues.
92GF Score
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