New Energy MetalsTSXV:ENRG 34 Return-on-Tangible-Equity is 0.00% as of Mar. 2026. GuruFocus rates TSXV:ENRG with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 2,376 Metals & Mining companies, New Energy Metals ranks worse than 42087.5% 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. New Energy Metals's annualized net income for the quarter that ended in Mar. 2026 was C$-0.18 Mil. New Energy Metals's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$-0.26 Mil. Therefore, New Energy Metals's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was N/A%.
The historical rank and industry rank for New Energy Metals's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:ENRG's Return-on-Tangible-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: -16.445 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
New Energy Metals (TSXV:ENRG) 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.
New Energy Metals Return-on-Tangible-Equity Related Terms
New Energy Metals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for New Energy Metals'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.
New Energy Metals Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, New Energy Metals'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.
New Energy Metals Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Energy Metals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where New Energy Metals'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 0.00% mean?
New Energy Metals (TSXV:ENRG) has a Return-on-Tangible-Equity of 0.00% 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 New Energy Metals and its competitors. According to the industry distribution chart, New Energy Metals ranks #999999 out of 2376 companies in the Metals & Mining industry.
Is New Energy Metals' Return-on-Tangible-Equity too high?
New Energy Metals' current Return-on-Tangible-Equity is 0.00%. Based on the distribution chart, New Energy Metals ranks #999999 out of 2376 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, New Energy Metals has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does New Energy Metals' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, New Energy Metals ranks #999999 out of 2376 companies for Return-on-Tangible-Equity. This places New Energy Metals 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 New Energy Metals and its competitors. New Energy Metals's current Return-on-Tangible-Equity is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Energy Metals stock overvalued right now?
New Energy Metals (TSXV:ENRG) has a current Return-on-Tangible-Equity of 0.00%. The current Return-on-Tangible-Equity is 0.00%. New Energy Metals' overall GF Score™ is 34/100 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 New Energy Metals (TSXV:ENRG), the current Return-on-Tangible-Equity is 0.00% 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.
New Energy Metals Corp is a mining company. Principally it is engaged in the business of acquisition, exploration, and development of mineral resource properties. The company is focused on the development of the Cristal Copper project located in northernmost Chile, adjacent to the Peruvian border. Its project includes Atikokan Lithium Property, Roslyn Lithium Property and Troitsa Copper Property.
34GF Score
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