Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Noram LithiumNRVTF -4.03% Return-on-Tangible-Equity is 47.74% as of Jan. 2026. Among 2,385 Metals & Mining companies, Noram Lithium ranks better than 50.94% 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. Noram Lithium's annualized net income for the quarter that ended in Jan. 2026 was $1.72 Mil. Noram Lithium's average shareholder tangible equity for the quarter that ended in Jan. 2026 was $3.61 Mil. Therefore, Noram Lithium's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 47.74%.
The historical rank and industry rank for Noram Lithium's Return-on-Tangible-Equity or its related term are showing as below:
NRVTF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -192.19 Med: -61.72 Max: -14.42
Current: -15.43
During the past 13 years, Noram Lithium's highest Return-on-Tangible-Equity was -14.42%. The lowest was -192.19%. And the median was -61.72%.
NRVTF's Return-on-Tangible-Equity is ranked better than 50.94% of 2385
companies
in the Metals & Mining industry
Industry Median: -16.48
vs NRVTF: -15.43
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.
Noram Lithium Return-on-Tangible-Equity Related Terms
Noram Lithium Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Noram Lithium'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.
For the Other Industrial Metals & Mining subindustry, Noram Lithium'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.
Noram Lithium Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Noram Lithium's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Noram Lithium'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 47.74% mean?
Noram Lithium (NRVTF) has a Return-on-Tangible-Equity of 47.74% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Noram Lithium and its competitors. According to the industry distribution chart, Noram Lithium ranks #1170 out of 2385 companies in the Metals & Mining industry, placing it in the top 49.1%.
Is Noram Lithium's Return-on-Tangible-Equity too high?
Noram Lithium's current Return-on-Tangible-Equity is 47.74%. Based on the distribution chart, Noram Lithium ranks #1170 out of 2385 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Noram Lithium's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Noram Lithium ranks #1170 out of 2385 companies for Return-on-Tangible-Equity. This puts Noram Lithium in the upper 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 Noram Lithium and its competitors. Noram Lithium's current Return-on-Tangible-Equity is 47.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noram Lithium stock overvalued right now?
Noram Lithium (NRVTF) has a current Return-on-Tangible-Equity of 47.74%. The current Return-on-Tangible-Equity is 47.74%. 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 Noram Lithium (NRVTF), the current Return-on-Tangible-Equity is 47.74% as of Jan. 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.
Noram Lithium Corp is a Canadian-based junior exploration and development company focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. The Company is engaged in acquiring, exploring, and developing mineral exploration properties, mainly in the state of Nevada, USA. The Company has property and equipment located in British Columbia, Canada, and mineral properties located in the state of Nevada, USA.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NRVTF has been successfully added to your 
