VANAF (Largo Physical Vanadium) Return-on-Tangible-Equity: 113.47% (As of Mar. 2026)


VANAF Largo Physical Vanadium Corp VANAF
39 GF Score
Price $0.60
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What is Largo Physical Vanadium Return-on-Tangible-Equity?

Largo Physical Vanadium VANAF -0.27% 39 Return-on-Tangible-Equity is 113.47% as of Mar. 2026. GuruFocus rates VANAF with a GF Score™ of 39/100. Among 2,374 Metals & Mining companies, Largo Physical Vanadium ranks better than 91.95% 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. Largo Physical Vanadium's annualized net income for the quarter that ended in Mar. 2026 was $22.85 Mil. Largo Physical Vanadium's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $20.14 Mil. Therefore, Largo Physical Vanadium's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 113.47%.

The historical rank and industry rank for Largo Physical Vanadium's Return-on-Tangible-Equity or its related term are showing as below:

VANAF' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -68.61   Med: -14.81   Max: 31.14
Current: 31.14

During the past 5 years, Largo Physical Vanadium's highest Return-on-Tangible-Equity was 31.14%. The lowest was -68.61%. And the median was -14.81%.

VANAF's Return-on-Tangible-Equity is ranked better than
91.95% of 2374 companies
in the Metals & Mining industry
Industry Median: -16.495 vs VANAF: 31.14

Largo Physical Vanadium  (OTCPK:VANAF) 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.


Largo Physical Vanadium Return-on-Tangible-Equity Related Terms


Largo Physical Vanadium Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Largo Physical Vanadium'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.

Largo Physical Vanadium Return-on-Tangible-Equity Chart

Largo Physical Vanadium Annual Data
Trend Jul21 Jul22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
0.00 0.00 -68.64 -14.35 -1.86

Largo Physical Vanadium Quarterly Data
Jul21 Jul22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.69 -4.67 -3.73 9.25 113.47

Largo Physical Vanadium Return-on-Tangible-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Largo Physical Vanadium'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.


Largo Physical Vanadium Return-on-Tangible-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo Physical Vanadium's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Largo Physical Vanadium's Return-on-Tangible-Equity falls into.


VANAF
39GF Score
Largo Physical Vanadium Corp VANAF
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Largo Physical Vanadium Return-on-Tangible-Equity Calculation

Largo Physical Vanadium's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-0.325/( (17.591+17.282 )/ 2 )
=-0.325/17.4365
=-1.86 %

Largo Physical Vanadium's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=22.852/( (17.282+22.996)/ 2 )
=22.852/20.139
=113.47 %

* 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 113.47% mean?
Largo Physical Vanadium (VANAF) has a Return-on-Tangible-Equity of 113.47% 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 Largo Physical Vanadium and its competitors. According to the industry distribution chart, Largo Physical Vanadium ranks #191 out of 2374 companies in the Metals & Mining industry, placing it in the top 8%.
Is Largo Physical Vanadium's Return-on-Tangible-Equity too high?
Largo Physical Vanadium's current Return-on-Tangible-Equity is 113.47%. Based on the distribution chart, Largo Physical Vanadium ranks #191 out of 2374 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Largo Physical Vanadium has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Largo Physical Vanadium's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Largo Physical Vanadium ranks #191 out of 2374 companies for Return-on-Tangible-Equity. This places Largo Physical Vanadium in the top 8% 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 Largo Physical Vanadium and its competitors. Largo Physical Vanadium's current Return-on-Tangible-Equity is 113.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Largo Physical Vanadium stock overvalued right now?
Largo Physical Vanadium (VANAF) has a current Return-on-Tangible-Equity of 113.47%. The current Return-on-Tangible-Equity is 113.47%. Largo Physical Vanadium's overall GF Score™ is 39/100. 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 Largo Physical Vanadium (VANAF), the current Return-on-Tangible-Equity is 113.47% 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.

Largo Physical Vanadium Business Description

Other Exchanges VAND:Canada
Address 100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5
Largo Physical Vanadium Corp is engaged in manufacturing high-quality vanadium products. It also aims to provide a secure, convenient, and exchange-traded investment alternative for investors interested in direct investment exposure to physical vanadium and not to speculate about short-term changes in vanadium prices.
39GF Score

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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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