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Comet IndustriesTSXV:CMU 25 Return-on-Tangible-Equity is -10.75% as of Apr. 2026. GuruFocus rates TSXV:CMU with a GF Score™ of 25/100. The stock has 2 warning signs investors should review. Among 1,715 Real Estate companies, Comet Industries ranks worse than 83.09% 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. Comet Industries's annualized net income for the quarter that ended in Apr. 2026 was C$-0.98 Mil. Comet Industries's average shareholder tangible equity for the quarter that ended in Apr. 2026 was C$9.11 Mil. Therefore, Comet Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was -10.75%.
The historical rank and industry rank for Comet Industries's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:CMU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.2 Med: 3.33 Max: 139.88
Current: -6.56
During the past 13 years, Comet Industries's highest Return-on-Tangible-Equity was 139.88%. The lowest was -7.20%. And the median was 3.33%.
TSXV:CMU's Return-on-Tangible-Equity is ranked worse than 83.09% of 1715
companies
in the Real Estate industry
Industry Median: 4.51
vs TSXV:CMU: -6.56
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.
Comet Industries Return-on-Tangible-Equity Related Terms
Comet Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Comet Industries'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.
TSXV:CMU vs CBRE, BEKE, JLL: Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Comet Industries'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.
Comet Industries Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Comet Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Comet Industries'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 (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -10.75% mean?
Comet Industries (TSXV:CMU) has a Return-on-Tangible-Equity of -10.75% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Comet Industries and its competitors. According to the industry distribution chart, Comet Industries ranks #1425 out of 1715 companies in the Real Estate industry, placing it in the top 83.1%.
Is Comet Industries' Return-on-Tangible-Equity too high?
Comet Industries' current Return-on-Tangible-Equity is -10.75%. Based on the distribution chart, Comet Industries ranks #1425 out of 1715 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Comet Industries has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Comet Industries' Return-on-Tangible-Equity compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Comet Industries ranks #1425 out of 1715 companies for Return-on-Tangible-Equity. This places Comet Industries in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.51. 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.51, based on 1,715 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. 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 Comet Industries and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Industries's current Return-on-Tangible-Equity is -10.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Industries stock overvalued right now?
Comet Industries (TSXV:CMU) has a current Return-on-Tangible-Equity of -10.75%. The current Return-on-Tangible-Equity is -10.75%. Comet Industries' overall GF Score™ is 25/100 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 Comet Industries (TSXV:CMU), the current Return-on-Tangible-Equity is -10.75% as of Apr. 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.
Comet Industries Ltd is an exploration-stage company. The Company is engaged in the business of developing properties, including Iron Mask, and holding and managing real properties, all in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia, on a freehold basis. The segments of the company include Investment Properties, Exploration, Properties under Development, and General or Administration. The company generates maximum revenue from the Properties under Development segment.
25GF Score
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