Majestic GoldTSXV:MJS ROA % is 3.42% as of Mar. 2026, which is 16% below its 10-year median of 4.07. The stock has 5 warning signs investors should review. Among 2,665 Metals & Mining companies, Majestic Gold ranks better than 79.1% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Majestic Gold's annualizedNet Income for the quarter that ended in Mar. 2026 was C$16.2 Mil.
Majestic Gold's average Total Assets over the quarter that ended in Mar. 2026 was C$473.6 Mil. Therefore, Majestic Gold's annualized ROA % for the quarter that ended in Mar. 2026 was 3.42%.
The historical rank and industry rank for Majestic Gold's ROA % or its related term are showing as below:
TSXV:MJS'
s ROA % Range Over the Past 10 Years
Min: -5.52 Med: 4.07 Max: 8.51
Current: 2.21
During the past 13 years, Majestic Gold's highest ROA % was 8.51%. The lowest was -5.52%. And the median was 4.07%.
TSXV:MJS's ROA % is ranked better than 79.1% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.72
vs TSXV:MJS: 2.21
Majestic Gold (TSXV:MJS) 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.
Majestic Gold ROA % Related Terms
Majestic Gold ROA % Historical Data
* Premium members only.
The historical data trend for Majestic 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, Majestic 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.
Majestic Gold ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Majestic Gold's ROA % distribution charts can be found below:
* The bar in red indicates where Majestic 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.
Majestic Gold (TSXV:MJS) has a ROA % of 3.42% 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 Majestic Gold and its competitors. This is 16% below median its historical median of 4.07. According to the industry distribution chart, Majestic Gold ranks #557 out of 2665 companies in the Metals & Mining industry, placing it in the top 20.9%.
Is Majestic Gold's ROA % too high?
Majestic Gold's current ROA % of 3.42% is 16% below median its 10-year median of 4.07. Based on the distribution chart, Majestic Gold ranks #557 out of 2665 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Majestic Gold's ROA % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Majestic Gold ranks #557 out of 2665 companies for ROA %. This places Majestic Gold in the top 21% 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 Majestic Gold and its competitors. Majestic Gold's current ROA % is 3.42%, which is 16% below median its own 10-year median of 4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Majestic Gold stock overvalued right now?
Based on GuruFocus' analysis, Majestic Gold (TSXV:MJS) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.13, compared to a current price of C$0.10 — trading 23.1% below its estimated fair value. The current ROA % is 3.42%, which is 16% below median its 10-year median of 4.07. 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 Majestic Gold (TSXV:MJS), the current ROA % is 3.42% 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.
Majestic Gold Corp is a gold mining company with mining operations in China, as well as exploration and evaluation properties held directly in China and Canada. Its key mineral property interests and mining operations are located in China, comprising the Songjiagou Gold Project, its flagship project, and the Mujin Gold Project. Additionally, it holds interests in the Sunset-Sunrise Mineral Property in Canada. Majestic Gold generates the majority of its revenue through the sales of gold bullion, and to a lesser extent, from the sales of sulfur.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:MJS has been successfully added to your 