Visible Gold MinesTSXV:VGD -15.38%38 Return-on-Tangible-Equity is 111.65% as of Jan. 2026. GuruFocus rates TSXV:VGD with a GF Score™ of 38/100. Among 2,374 Metals & Mining companies, Visible Gold Mines ranks better than 98.82% 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. Visible Gold Mines's annualized net income for the quarter that ended in Jan. 2026 was C$2.54 Mil. Visible Gold Mines's average shareholder tangible equity for the quarter that ended in Jan. 2026 was C$2.28 Mil. Therefore, Visible Gold Mines's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was 111.65%.
The historical rank and industry rank for Visible Gold Mines's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:VGD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -402.29 Med: -15.28 Max: 426.57
Current: 426.57
During the past 13 years, Visible Gold Mines's highest Return-on-Tangible-Equity was 426.57%. The lowest was -402.29%. And the median was -15.28%.
TSXV:VGD's Return-on-Tangible-Equity is ranked better than 98.82% of 2374
companies
in the Metals & Mining industry
Industry Median: -16.495
vs TSXV:VGD: 426.57
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.
Visible Gold Mines Return-on-Tangible-Equity Related Terms
Visible Gold Mines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Visible Gold Mines'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:VGD vs NEM, AU: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Visible Gold Mines'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.
Visible Gold Mines Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Visible Gold Mines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Visible Gold Mines'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 (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 111.65% mean?
Visible Gold Mines (TSXV:VGD) has a Return-on-Tangible-Equity of 111.65% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Visible Gold Mines and its competitors. According to the industry distribution chart, Visible Gold Mines ranks #28 out of 2374 companies in the Metals & Mining industry, placing it in the top 1.2%.
Is Visible Gold Mines' Return-on-Tangible-Equity too high?
Visible Gold Mines' current Return-on-Tangible-Equity is 111.65%. Based on the distribution chart, Visible Gold Mines ranks #28 out of 2374 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Visible Gold Mines has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Visible Gold Mines' Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Visible Gold Mines ranks #28 out of 2374 companies for Return-on-Tangible-Equity. This places Visible Gold Mines in the top 1% 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 Visible Gold Mines and its competitors. Visible Gold Mines's current Return-on-Tangible-Equity is 111.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visible Gold Mines stock overvalued right now?
Visible Gold Mines (TSXV:VGD) has a current Return-on-Tangible-Equity of 111.65%. The current Return-on-Tangible-Equity is 111.65%. Visible Gold Mines' overall GF Score™ is 38/100. 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 Visible Gold Mines (TSXV:VGD), the current Return-on-Tangible-Equity is 111.65% as of Jan. 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.
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment, being the exploration and evaluation of mineral resources. Its projects include the Cadillac Break, Lucky Break, Silidor, Stadacona, Wasa Creek, and Wasa East projects, and a minority interest in the Capricorn project, all located along the Cadillac-Larder Lake near the town of Rouyn-Noranda in the province of Quebec, Canada. Its Lithium James Bay projects include Megali, Carli, and Natali.
38GF Score
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