Northern Star ResourcesNESRF -7.22%92 Return-on-Tangible-Equity is 9.61% as of Dec. 2025, which is 40% below its 10-year median of 16.09. GuruFocus rates NESRF with a GF Score™ of 92/100 and a GF Value™ of $14.17 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,378 Metals & Mining companies, Northern Star Resources ranks better than 82.76% 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. Northern Star Resources's annualized net income for the quarter that ended in Dec. 2025 was $949 Mil. Northern Star Resources's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $9,878 Mil. Therefore, Northern Star Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 9.61%.
The historical rank and industry rank for Northern Star Resources's Return-on-Tangible-Equity or its related term are showing as below:
NESRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.34 Med: 16.09 Max: 40.36
Current: 11.93
During the past 13 years, Northern Star Resources's highest Return-on-Tangible-Equity was 40.36%. The lowest was 5.34%. And the median was 16.09%.
NESRF's Return-on-Tangible-Equity is ranked better than 82.76% of 2378
companies
in the Metals & Mining industry
Industry Median: -16.21
vs NESRF: 11.93
Northern Star Resources (OTCPK:NESRF) 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.
Northern Star Resources Return-on-Tangible-Equity Related Terms
Northern Star Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Northern Star Resources'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.
Northern Star Resources Return-on-Tangible-Equity Chart
NESRF vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Northern Star Resources'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.
Northern Star Resources Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Northern Star Resources'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 9.61% mean?
Northern Star Resources (NESRF) has a Return-on-Tangible-Equity of 9.61% 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 Northern Star Resources and its competitors. This is 40% below median its historical median of 16.09. Over the past decade, Northern Star Resources' Return-on-Tangible-Equity has ranged from 5.34 to 40.36. According to the industry distribution chart, Northern Star Resources ranks #410 out of 2378 companies in the Metals & Mining industry, placing it in the top 17.2%.
Is Northern Star Resources' Return-on-Tangible-Equity too high?
Northern Star Resources' current Return-on-Tangible-Equity of 9.61% is 40% below median its 10-year median of 16.09. Over the past 10 years, this metric has ranged from a low of 5.34 to a high of 40.36. Based on the distribution chart, Northern Star Resources ranks #410 out of 2378 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Star Resources has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #410 out of 2378 companies for Return-on-Tangible-Equity. This places Northern Star Resources in the top 17% of its industry — outperforming the majority of peers. Historically, Northern Star Resources' own Return-on-Tangible-Equity has ranged from 5.34 to 40.36 over the past decade. 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 Northern Star Resources and its competitors. Northern Star Resources's current Return-on-Tangible-Equity is 9.61%, which is 40% below median its own 10-year median of 16.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (NESRF) is currently considered Fairly Valued. The stock's GF Value™ is $14.17, compared to a current price of $13.50 — trading 4.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.61%, which is 40% below median its 10-year median of 16.09. Northern Star Resources' overall GF Score™ is 92/100 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 Northern Star Resources (NESRF), the current Return-on-Tangible-Equity is 9.61% 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 Northern Star Resources (NESRF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be undervalued.
The current stock price of $13.50 is trading 4.7% below its estimated GF Value™ of $14.17.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for NESRF:
Return-on-Tangible-Equity: 9.61% (40% below median its 10-year median of 16.09)
GF Value™: $14.17 vs. price of $13.50 (4.7% below fair value)
No single metric tells the full story. See the NESRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
92GF 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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