Bluelake Mineral ABNGM:BLUE +2.01%30 Return-on-Tangible-Equity is -335.40% as of Mar. 2026. GuruFocus rates NGM:BLUE with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,382 Metals & Mining companies, Bluelake Mineral AB ranks worse than 41981.49% 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. Bluelake Mineral AB's annualized net income for the quarter that ended in Mar. 2026 was kr-50.68 Mil. Bluelake Mineral AB's average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr15.11 Mil. Therefore, Bluelake Mineral AB's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -335.40%.
The historical rank and industry rank for Bluelake Mineral AB's Return-on-Tangible-Equity or its related term are showing as below:
NGM:BLUE's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.21 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Bluelake Mineral AB (NGM:BLUE) 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.
Bluelake Mineral AB Return-on-Tangible-Equity Related Terms
Bluelake Mineral AB Return-on-Tangible-Equity Historical Data
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The historical data trend for Bluelake Mineral AB'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.
Bluelake Mineral AB Return-on-Tangible-Equity Chart
Bluelake Mineral AB Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Bluelake Mineral AB'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.
Bluelake Mineral AB Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Bluelake Mineral AB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bluelake Mineral AB'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 -335.40% mean?
Bluelake Mineral AB (NGM:BLUE) has a Return-on-Tangible-Equity of -335.40% 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 Bluelake Mineral AB and its competitors. According to the industry distribution chart, Bluelake Mineral AB ranks #999999 out of 2382 companies in the Metals & Mining industry.
Is Bluelake Mineral AB's Return-on-Tangible-Equity too high?
Bluelake Mineral AB's current Return-on-Tangible-Equity is -335.40%. Based on the distribution chart, Bluelake Mineral AB ranks #999999 out of 2382 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Bluelake Mineral AB has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Bluelake Mineral AB's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Bluelake Mineral AB ranks #999999 out of 2382 companies for Return-on-Tangible-Equity. This places Bluelake Mineral AB in the lower half of its industry. 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 Bluelake Mineral AB and its competitors. Bluelake Mineral AB's current Return-on-Tangible-Equity is -335.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bluelake Mineral AB stock overvalued right now?
Bluelake Mineral AB (NGM:BLUE) has a current Return-on-Tangible-Equity of -335.40%. The current Return-on-Tangible-Equity is -335.40%. Bluelake Mineral AB's overall GF Score™ is 30/100 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 Bluelake Mineral AB (NGM:BLUE), the current Return-on-Tangible-Equity is -335.40% 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.
Bluelake Mineral AB is an independent mining company. It is engaged in mine development of copper and zinc resources as well as the exploration of nickel, gold, and oil. The company also owns the nickel projects Ronnbacken and Orrbacken in Sweden.
30GF Score
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