Kinross GoldMEX:KGCN -18.54%83 ROA % is 26.68% as of Mar. 2026, which is 470% above its 10-year median of 4.68. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,665 Metals & Mining companies, Kinross Gold ranks better than 95.61% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kinross Gold's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN60,806 Mil.
Kinross Gold's average Total Assets over the quarter that ended in Mar. 2026 was MXN227,900 Mil. Therefore, Kinross Gold's annualized ROA % for the quarter that ended in Mar. 2026 was 26.68%.
The historical rank and industry rank for Kinross Gold's ROA % or its related term are showing as below:
MEX:KGCN'
s ROA % Range Over the Past 10 Years
Min: -5.99 Med: 4.68 Max: 23.75
Current: 23.75
During the past 13 years, Kinross Gold's highest ROA % was 23.75%. The lowest was -5.99%. And the median was 4.68%.
MEX:KGCN's ROA % is ranked better than 95.61% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.81
vs MEX:KGCN: 23.75
Kinross Gold (MEX:KGCN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Kinross Gold ROA % Related Terms
Kinross Gold ROA % Historical Data
* Premium members only.
The historical data trend for Kinross Gold's ROA % 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.
For the Gold subindustry, Kinross Gold's ROA %, along with its competitors' market caps and ROA % 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.
Kinross Gold ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's ROA % distribution charts can be found below:
* The bar in red indicates where Kinross Gold's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Kinross Gold (MEX:KGCN) has a ROA % of 26.68% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Kinross Gold and its competitors. This is 470% above median its historical median of 4.68. According to the industry distribution chart, Kinross Gold ranks #117 out of 2665 companies in the Metals & Mining industry, placing it in the top 4.4%.
Is Kinross Gold's ROA % too high?
Kinross Gold's current ROA % of 26.68% is 470% above median its 10-year median of 4.68. Based on the distribution chart, Kinross Gold ranks #117 out of 2665 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's ROA % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #117 out of 2665 companies for ROA %. This places Kinross Gold in the top 4% 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 ROA % for a Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Kinross Gold and its competitors. Kinross Gold's current ROA % is 26.68%, which is 470% above median its own 10-year median of 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current ROA % is 26.68%, which is 470% above median its 10-year median of 4.68. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Kinross Gold (MEX:KGCN), the current ROA % is 26.68% 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 Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
ROA %: 26.68% (470% above median its 10-year median of 4.68)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
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