Agnico Eagle MinesXSWX:AEM -0.05%97 Return-on-Tangible-Equity is 31.58% as of Mar. 2026, which is 209% above its 10-year median of 10.23. GuruFocus rates XSWX:AEM with a GF Score™ of 97/100 and a GF Value™ of CHF65.60. The stock has 1 warning sign investors should review. Among 2,374 Metals & Mining companies, Agnico Eagle Mines ranks better than 90.94% 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. Agnico Eagle Mines's annualized net income for the quarter that ended in Mar. 2026 was CHF5,339 Mil. Agnico Eagle Mines's average shareholder tangible equity for the quarter that ended in Mar. 2026 was CHF16,909 Mil. Therefore, Agnico Eagle Mines's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 31.58%.
The historical rank and industry rank for Agnico Eagle Mines's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:AEM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.99 Med: 10.23 Max: 27.06
Current: 27.06
During the past 13 years, Agnico Eagle Mines's highest Return-on-Tangible-Equity was 27.06%. The lowest was -7.99%. And the median was 10.23%.
XSWX:AEM's Return-on-Tangible-Equity is ranked better than 90.94% of 2374
companies
in the Metals & Mining industry
Industry Median: -16.495
vs XSWX:AEM: 27.06
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.
Agnico Eagle Mines Return-on-Tangible-Equity Related Terms
Agnico Eagle Mines Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Agnico Eagle 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.
XSWX:AEM vs NEM, AU, RGLD: Return-on-Tangible-Equity Comparison
For the Gold subindustry, Agnico Eagle 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.
Agnico Eagle Mines Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Agnico Eagle 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 (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 31.58% mean?
Agnico Eagle Mines (XSWX:AEM) has a Return-on-Tangible-Equity of 31.58% 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 Agnico Eagle Mines and its competitors. This is 209% above median its historical median of 10.23. According to the industry distribution chart, Agnico Eagle Mines ranks #215 out of 2374 companies in the Metals & Mining industry, placing it in the top 9.1%.
Is Agnico Eagle Mines' Return-on-Tangible-Equity too high?
Agnico Eagle Mines' current Return-on-Tangible-Equity of 31.58% is 209% above median its 10-year median of 10.23. Based on the distribution chart, Agnico Eagle Mines ranks #215 out of 2374 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Return-on-Tangible-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #215 out of 2374 companies for Return-on-Tangible-Equity. This places Agnico Eagle Mines in the top 9% 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 Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current Return-on-Tangible-Equity is 31.58%, which is 209% above median its own 10-year median of 10.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Agnico Eagle Mines (XSWX:AEM) has a current Return-on-Tangible-Equity of 31.58%. The stock's GF Value™ is CHF65.60, compared to a current price of CHF124.88 — trading 90.4% above its estimated fair value. The current Return-on-Tangible-Equity is 31.58%, which is 209% above median its 10-year median of 10.23. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign 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 Agnico Eagle Mines (XSWX:AEM), the current Return-on-Tangible-Equity is 31.58% 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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued.
The current stock price of CHF124.88 is trading 90.4% above its estimated GF Value™ of CHF65.60.
Key valuation signals for XSWX:AEM:
Return-on-Tangible-Equity: 31.58% (209% above median its 10-year median of 10.23)
GF Value™: CHF65.60 vs. price of CHF124.88 (90.4% above fair value)
No single metric tells the full story. See the XSWX:AEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
97GF Score
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