TRX GoldTRX +1.46%47 Return-on-Tangible-Equity is -117.31% as of Feb. 2026. GuruFocus rates TRX with a GF Score™ of 47/100 and a GF Value™ of $1.16 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,375 Metals & Mining companies, TRX Gold ranks worse than 64.42% 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. TRX Gold's annualized net income for the quarter that ended in Feb. 2026 was $-81.50 Mil. TRX Gold's average shareholder tangible equity for the quarter that ended in Feb. 2026 was $69.48 Mil. Therefore, TRX Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was -117.31%.
The historical rank and industry rank for TRX Gold's Return-on-Tangible-Equity or its related term are showing as below:
TRX'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -118.88 Med: -15.16 Max: 4.47
Current: -36
During the past 13 years, TRX Gold's highest Return-on-Tangible-Equity was 4.47%. The lowest was -118.88%. And the median was -15.16%.
TRX's Return-on-Tangible-Equity is ranked worse than 64.42% of 2375
companies
in the Metals & Mining industry
Industry Median: -16.5
vs TRX: -36.00
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.
TRX Gold Return-on-Tangible-Equity Related Terms
TRX Gold Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TRX 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.
TRX vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, TRX 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.
TRX Gold Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TRX 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -117.31% mean?
TRX Gold (TRX) has a Return-on-Tangible-Equity of -117.31% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TRX Gold and its competitors. According to the industry distribution chart, TRX Gold ranks #1530 out of 2375 companies in the Metals & Mining industry, placing it in the top 64.4%.
Is TRX Gold's Return-on-Tangible-Equity too high?
TRX Gold's current Return-on-Tangible-Equity is -117.31%. Based on the distribution chart, TRX Gold ranks #1530 out of 2375 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, TRX Gold has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #1530 out of 2375 companies for Return-on-Tangible-Equity. This places TRX Gold 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 TRX Gold and its competitors. TRX Gold's current Return-on-Tangible-Equity is -117.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.16, compared to a current price of $0.83 — trading 28.3% below its estimated fair value. The current Return-on-Tangible-Equity is -117.31%. TRX Gold's overall GF Score™ is 47/100 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 TRX Gold (TRX), the current Return-on-Tangible-Equity is -117.31% as of Feb. 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 TRX Gold (TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of $0.83 is trading 28.3% below its estimated GF Value™ of $1.16.
GuruFocus considers TRX Gold to be Modestly Undervalued.
Key valuation signals for TRX:
Return-on-Tangible-Equity: -117.31%
GF Value™: $1.16 vs. price of $0.83 (28.3% below fair value)
No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
47GF Score
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