Fortuna MiningTSX:FVI -3.43%95 Return-on-Tangible-Equity is 25.67% as of Mar. 2026, which is 382% above its 10-year median of 5.33. GuruFocus rates TSX:FVI with a GF Score™ of 95/100 and a GF Value™ of C$9.18 (Modestly Overvalued). Among 2,376 Metals & Mining companies, Fortuna Mining ranks better than 88.59% 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. Fortuna Mining's annualized net income for the quarter that ended in Mar. 2026 was C$609 Mil. Fortuna Mining's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$2,373 Mil. Therefore, Fortuna Mining's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.67%.
The historical rank and industry rank for Fortuna Mining's Return-on-Tangible-Equity or its related term are showing as below:
TSX:FVI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.09 Med: 5.33 Max: 21.04
Current: 21.04
During the past 13 years, Fortuna Mining's highest Return-on-Tangible-Equity was 21.04%. The lowest was -10.09%. And the median was 5.33%.
TSX:FVI's Return-on-Tangible-Equity is ranked better than 88.59% of 2376
companies
in the Metals & Mining industry
Industry Median: -16.445
vs TSX:FVI: 21.04
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.
Fortuna Mining Return-on-Tangible-Equity Related Terms
Fortuna Mining Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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:FVI vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Fortuna Mining'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.
Fortuna Mining Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fortuna Mining'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 25.67% mean?
Fortuna Mining (TSX:FVI) has a Return-on-Tangible-Equity of 25.67% 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 Fortuna Mining and its competitors. This is 382% above median its historical median of 5.33. According to the industry distribution chart, Fortuna Mining ranks #271 out of 2376 companies in the Metals & Mining industry, placing it in the top 11.4%.
Is Fortuna Mining's Return-on-Tangible-Equity too high?
Fortuna Mining's current Return-on-Tangible-Equity of 25.67% is 382% above median its 10-year median of 5.33. Based on the distribution chart, Fortuna Mining ranks #271 out of 2376 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortuna Mining has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #271 out of 2376 companies for Return-on-Tangible-Equity. This places Fortuna Mining 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 Fortuna Mining and its competitors. Fortuna Mining's current Return-on-Tangible-Equity is 25.67%, which is 382% above median its own 10-year median of 5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Modestly Overvalued. The stock's GF Value™ is C$9.18, compared to a current price of C$11.53 — trading 25.6% above its estimated fair value. The current Return-on-Tangible-Equity is 25.67%, which is 382% above median its 10-year median of 5.33. Fortuna Mining's overall GF Score™ is 95/100. 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 Fortuna Mining (TSX:FVI), the current Return-on-Tangible-Equity is 25.67% 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of C$11.53 is trading 25.6% above its estimated GF Value™ of C$9.18.
GuruFocus considers Fortuna Mining to be Modestly Overvalued.
Key valuation signals for TSX:FVI:
Return-on-Tangible-Equity: 25.67% (382% above median its 10-year median of 5.33)
GF Value™: C$9.18 vs. price of C$11.53 (25.6% above fair value)
No single metric tells the full story. See the TSX:FVI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
95GF Score
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