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enCore EnergyTSXV:EU -9.95%34 Return-on-Tangible-Equity is 8.96% as of Mar. 2026. GuruFocus rates TSXV:EU with a GF Score™ of 34/100 and a GF Value™ of C$4.71 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 178 Other Energy Sources companies, enCore Energy ranks worse than 68.54% 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. enCore Energy's annualized net income for the quarter that ended in Mar. 2026 was C$29.66 Mil. enCore Energy's average shareholder tangible equity for the quarter that ended in Mar. 2026 was C$331.03 Mil. Therefore, enCore Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.96%.
The historical rank and industry rank for enCore Energy's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:EU'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -23.1 Med: -11.88 Max: -5
Current: -10.74
During the past 13 years, enCore Energy's highest Return-on-Tangible-Equity was -5.00%. The lowest was -23.10%. And the median was -11.88%.
TSXV:EU's Return-on-Tangible-Equity is ranked worse than 68.54% of 178
companies
in the Other Energy Sources industry
Industry Median: 0.79
vs TSXV:EU: -10.74
enCore Energy (TSXV:EU) 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.
enCore Energy Return-on-Tangible-Equity Related Terms
enCore Energy Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for enCore Energy'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:EU vs UEC, LEU: Return-on-Tangible-Equity Comparison
For the Uranium subindustry, enCore Energy'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.
enCore Energy Return-on-Tangible-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, enCore Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where enCore Energy'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 8.96% mean?
enCore Energy (TSXV:EU) has a Return-on-Tangible-Equity of 8.96% 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 enCore Energy and its competitors. According to the industry distribution chart, enCore Energy ranks #122 out of 178 companies in the Other Energy Sources industry, placing it in the top 68.5%.
Is enCore Energy's Return-on-Tangible-Equity too high?
enCore Energy's current Return-on-Tangible-Equity is 8.96%. The Other Energy Sources industry median Return-on-Tangible-Equity is 0.79. enCore Energy's value of 8.96% is 1034.2% above this industry median. Based on the distribution chart, enCore Energy ranks #122 out of 178 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, enCore Energy has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does enCore Energy's Return-on-Tangible-Equity compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, enCore Energy ranks #122 out of 178 companies for Return-on-Tangible-Equity. This places enCore Energy in the lower half of its industry. The industry median Return-on-Tangible-Equity is 0.79. enCore Energy's value of 8.96% is 1034.2% above this benchmark. 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 an Other Energy Sources company?
The median Return-on-Tangible-Equity among Other Energy Sources companies is 0.79, based on 178 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. enCore Energy's current Return-on-Tangible-Equity of 8.96% is 1034.2% above the industry median. 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 enCore Energy and its competitors. For the Other Energy Sources industry, the median Return-on-Tangible-Equity is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. enCore Energy's current Return-on-Tangible-Equity is 8.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is enCore Energy stock overvalued right now?
Based on GuruFocus' analysis, enCore Energy (TSXV:EU) is currently considered Possible Value Trap. The stock's GF Value™ is C$4.71, compared to a current price of C$1.72 — trading 63.5% below its estimated fair value. The current Return-on-Tangible-Equity is 8.96% and 1034.2% above the Other Energy Sources industry median of 0.79. enCore Energy's overall GF Score™ is 34/100 with 4 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 enCore Energy (TSXV:EU), the current Return-on-Tangible-Equity is 8.96% 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 enCore Energy (TSXV:EU) Overvalued in 2026?
Based on GuruFocus' analysis, enCore Energy stock appears to be undervalued.
The current stock price of C$1.72 is trading 63.5% below its estimated GF Value™ of C$4.71.
GuruFocus considers enCore Energy to be Possible Value Trap.
Key valuation signals for TSXV:EU:
Return-on-Tangible-Equity: 8.96%
GF Value™: C$4.71 vs. price of C$1.72 (63.5% below fair value)
Industry Position: 1034.2% above the Other Energy Sources median (#122 of 178)
No single metric tells the full story. See the TSXV:EU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
enCore Energy Corp together with its subsidiary, is principally engaged in the acquisition, exploration, development and extraction of uranium resource properties in the United States. The Company is focused on the extraction of domestic uranium in the United States. The Company utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy.
34GF Score
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