Kinross GoldTSX:K +2.94%94 Return-on-Tangible-Equity is 38.06% as of Mar. 2026, which is 339% above its 10-year median of 8.67. GuruFocus rates TSX:K with a GF Score™ of 94/100 and a GF Value™ of C$26.13 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,374 Metals & Mining companies, Kinross Gold ranks better than 92.97% 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. Kinross Gold's annualized net income for the quarter that ended in Mar. 2026 was C$4,626 Mil. Kinross Gold's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$12,157 Mil. Therefore, Kinross Gold's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.06%.
The historical rank and industry rank for Kinross Gold's Return-on-Tangible-Equity or its related term are showing as below:
TSX:K'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -10.19 Med: 8.67 Max: 35.2
Current: 35.2
During the past 13 years, Kinross Gold's highest Return-on-Tangible-Equity was 35.20%. The lowest was -10.19%. And the median was 8.67%.
TSX:K's Return-on-Tangible-Equity is ranked better than 92.97% of 2374
companies
in the Metals & Mining industry
Industry Median: -16.495
vs TSX:K: 35.20
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.
Kinross Gold Return-on-Tangible-Equity Related Terms
Kinross Gold Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kinross 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.
TSX:K vs NEM, AU, RGLD: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Kinross 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.
Kinross Gold Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kinross 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 (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 38.06% mean?
Kinross Gold (TSX:K) has a Return-on-Tangible-Equity of 38.06% 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 Kinross Gold and its competitors. This is 339% above median its historical median of 8.67. According to the industry distribution chart, Kinross Gold ranks #167 out of 2374 companies in the Metals & Mining industry, placing it in the top 7%.
Is Kinross Gold's Return-on-Tangible-Equity too high?
Kinross Gold's current Return-on-Tangible-Equity of 38.06% is 339% above median its 10-year median of 8.67. Based on the distribution chart, Kinross Gold ranks #167 out of 2374 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #167 out of 2374 companies for Return-on-Tangible-Equity. This places Kinross Gold in the top 7% 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 Kinross Gold and its competitors. Kinross Gold's current Return-on-Tangible-Equity is 38.06%, which is 339% above median its own 10-year median of 8.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (TSX:K) is currently considered Significantly Overvalued. The stock's GF Value™ is C$26.13, compared to a current price of C$36.04 — trading 37.9% above its estimated fair value. The current Return-on-Tangible-Equity is 38.06%, which is 339% above median its 10-year median of 8.67. Kinross Gold's overall GF Score™ is 94/100 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 Kinross Gold (TSX:K), the current Return-on-Tangible-Equity is 38.06% 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 Kinross Gold (TSX:K) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of C$36.04 is trading 37.9% above its estimated GF Value™ of C$26.13.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for TSX:K:
Return-on-Tangible-Equity: 38.06% (339% above median its 10-year median of 8.67)
GF Value™: C$26.13 vs. price of C$36.04 (37.9% above fair value)
No single metric tells the full story. See the TSX:K stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
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