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. Aya Gold & Silver's annualized net income for the quarter that ended in Mar. 2026 was C$265.2 Mil. Aya Gold & Silver's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$599.7 Mil. Therefore, Aya Gold & Silver's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 44.22%.
The historical rank and industry rank for Aya Gold & Silver's Return-on-Tangible-Equity or its related term are showing as below:
TSX:AYA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -37.98 Med: -3.05 Max: 22.54
Current: 22.54
During the past 13 years, Aya Gold & Silver's highest Return-on-Tangible-Equity was 22.54%. The lowest was -37.98%. And the median was -3.05%.
TSX:AYA's Return-on-Tangible-Equity is ranked better than 89.34% of 2382
companies
in the Metals & Mining industry
Industry Median: -16.21
vs TSX:AYA: 22.54
Aya Gold & Silver (TSX:AYA) 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.
Aya Gold & Silver Return-on-Tangible-Equity Related Terms
Aya Gold & Silver Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aya Gold & Silver'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.
TSX:AYA vs EXK: Return-on-Tangible-Equity Comparison
For the Silver subindustry, Aya Gold & Silver'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.
Aya Gold & Silver Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Aya Gold & Silver's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aya Gold & Silver'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 44.22% mean?
Aya Gold & Silver (TSX:AYA) has a Return-on-Tangible-Equity of 44.22% 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 Aya Gold & Silver and its competitors. According to the industry distribution chart, Aya Gold & Silver ranks #254 out of 2382 companies in the Metals & Mining industry, placing it in the top 10.7%.
Is Aya Gold & Silver's Return-on-Tangible-Equity too high?
Aya Gold & Silver's current Return-on-Tangible-Equity is 44.22%. Based on the distribution chart, Aya Gold & Silver ranks #254 out of 2382 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Aya Gold & Silver has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aya Gold & Silver's Return-on-Tangible-Equity compare to EXK?
According to the Metals & Mining industry distribution chart, Aya Gold & Silver ranks #254 out of 2382 companies for Return-on-Tangible-Equity. This places Aya Gold & Silver in the top 11% 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 Aya Gold & Silver and its competitors. Aya Gold & Silver's current Return-on-Tangible-Equity is 44.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aya Gold & Silver stock overvalued right now?
Based on GuruFocus' analysis, Aya Gold & Silver (TSX:AYA) is currently considered Possible Value Trap. The stock's GF Value™ is C$68.35, compared to a current price of C$28.68 — trading 58% below its estimated fair value. The current Return-on-Tangible-Equity is 44.22%. Aya Gold & Silver's overall GF Score™ is 70/100 with 6 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 Aya Gold & Silver (TSX:AYA), the current Return-on-Tangible-Equity is 44.22% 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 Aya Gold & Silver (TSX:AYA) Overvalued in 2026?
Based on GuruFocus' analysis, Aya Gold & Silver stock appears to be undervalued.
The current stock price of C$28.68 is trading 58% below its estimated GF Value™ of C$68.35.
GuruFocus considers Aya Gold & Silver to be Possible Value Trap.
Key valuation signals for TSX:AYA:
Return-on-Tangible-Equity: 44.22%
GF Value™: C$68.35 vs. price of C$28.68 (58% below fair value)
No single metric tells the full story. See the TSX:AYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aya Gold & Silver Inc is a Canadian-based precious metals mining corporation active across the full mining life-cycle, from discovery and development through to production. It operates in Morocco. The company's flagship asset is the Zgounder Silver Mine, recognized for its rare, high-grade silver mineralization. The mine is located along the Anti-Atlas fault, one of North Africa's geologically rich and underexplored regions, known for hosting silver, gold, and base metal deposits. Aya also owns an 85% interest in the Boumadine polymetallic project, which is currently at the exploration and evaluation stage. It operates in single segment of mining industry and its products are precious metals ingots and concentrate which are refined or smelted into pure silver and sold to metal brokers.
70GF Score
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