Torex Gold ResourcesTORXF +5.31%90 Return-on-Tangible-Equity is 33.57% as of Mar. 2026, which is 221% above its 10-year median of 10.47. GuruFocus rates TORXF with a GF Score™ of 90/100 and a GF Value™ of $32.16 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,375 Metals & Mining companies, Torex Gold Resources ranks better than 91.16% 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. Torex Gold Resources's annualized net income for the quarter that ended in Mar. 2026 was $830 Mil. Torex Gold Resources's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,473 Mil. Therefore, Torex Gold Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.57%.
The historical rank and industry rank for Torex Gold Resources's Return-on-Tangible-Equity or its related term are showing as below:
TORXF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.81 Med: 10.47 Max: 27.73
Current: 27.73
During the past 13 years, Torex Gold Resources's highest Return-on-Tangible-Equity was 27.73%. The lowest was -1.81%. And the median was 10.47%.
TORXF's Return-on-Tangible-Equity is ranked better than 91.16% of 2375
companies
in the Metals & Mining industry
Industry Median: -16.48
vs TORXF: 27.73
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.
Torex Gold Resources Return-on-Tangible-Equity Related Terms
Torex Gold Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Torex Gold 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.
TORXF vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Torex Gold 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.
Torex Gold Resources Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Torex Gold 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 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 33.57% mean?
Torex Gold Resources (TORXF) has a Return-on-Tangible-Equity of 33.57% 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 Torex Gold Resources and its competitors. This is 221% above median its historical median of 10.47. According to the industry distribution chart, Torex Gold Resources ranks #210 out of 2375 companies in the Metals & Mining industry, placing it in the top 8.8%.
Is Torex Gold Resources' Return-on-Tangible-Equity too high?
Torex Gold Resources' current Return-on-Tangible-Equity of 33.57% is 221% above median its 10-year median of 10.47. Based on the distribution chart, Torex Gold Resources ranks #210 out of 2375 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Torex Gold Resources has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torex Gold Resources' Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Torex Gold Resources ranks #210 out of 2375 companies for Return-on-Tangible-Equity. This places Torex Gold Resources in the top 9% 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 Torex Gold Resources and its competitors. Torex Gold Resources's current Return-on-Tangible-Equity is 33.57%, which is 221% above median its own 10-year median of 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torex Gold Resources stock overvalued right now?
Based on GuruFocus' analysis, Torex Gold Resources (TORXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.16, compared to a current price of $42.02 — trading 30.7% above its estimated fair value. The current Return-on-Tangible-Equity is 33.57%, which is 221% above median its 10-year median of 10.47. Torex Gold Resources' overall GF Score™ is 90/100 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 Torex Gold Resources (TORXF), the current Return-on-Tangible-Equity is 33.57% 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 Torex Gold Resources (TORXF) Overvalued in 2026?
Based on GuruFocus' analysis, Torex Gold Resources stock appears to be overvalued.
The current stock price of $42.02 is trading 30.7% above its estimated GF Value™ of $32.16.
GuruFocus considers Torex Gold Resources to be Significantly Overvalued.
Key valuation signals for TORXF:
Return-on-Tangible-Equity: 33.57% (221% above median its 10-year median of 10.47)
GF Value™: $32.16 vs. price of $42.02 (30.7% above fair value)
No single metric tells the full story. See the TORXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. It also owns the Los Reyes gold-silver project in Sinaloa, Mexico, and has acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA. The majority of the company's revenue is generated from the sale of gold, followed by silver and copper.
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