Torex Gold ResourcesTORXF -0.46%89 ROC (Joel Greenblatt) % is 50.32% as of Mar. 2026, which is 143% above its 10-year median of 20.67. GuruFocus rates TORXF with a GF Score™ of 89/100 and a GF Value™ of $33.97 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,498 Metals & Mining companies, Torex Gold Resources ranks better than 92.67% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Torex Gold Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 50.32%.
The historical rank and industry rank for Torex Gold Resources's ROC (Joel Greenblatt) % or its related term are showing as below:
TORXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.75 Med: 20.67 Max: 36.79
Current: 36.79
During the past 13 years, Torex Gold Resources's highest ROC (Joel Greenblatt) % was 36.79%. The lowest was 1.75%. And the median was 20.67%.
TORXF's ROC (Joel Greenblatt) % is ranked better than 92.67% of 2498
companies
in the Metals & Mining industry
Industry Median: -22.435
vs TORXF: 36.79
Torex Gold Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.20% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Torex Gold Resources ROC (Joel Greenblatt) % Related Terms
Torex Gold Resources ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Torex Gold Resources's ROC (Joel Greenblatt) % 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.
TORXF vs NEM, AU: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Torex Gold Resources's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Torex Gold Resources ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Torex Gold Resources's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 50.32% mean?
Torex Gold Resources (TORXF) has a ROC (Joel Greenblatt) % of 50.32% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Torex Gold Resources and its competitors. This is 143% above median its historical median of 20.67. Over the past decade, Torex Gold Resources' ROC (Joel Greenblatt) % has ranged from 1.75 to 36.79. According to the industry distribution chart, Torex Gold Resources ranks #183 out of 2498 companies in the Metals & Mining industry, placing it in the top 7.3%.
Is Torex Gold Resources' ROC (Joel Greenblatt) % too high?
Torex Gold Resources' current ROC (Joel Greenblatt) % of 50.32% is 143% above median its 10-year median of 20.67. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 36.79. Based on the distribution chart, Torex Gold Resources ranks #183 out of 2498 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Torex Gold Resources has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torex Gold Resources' ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Torex Gold Resources ranks #183 out of 2498 companies for ROC (Joel Greenblatt) %. This places Torex Gold Resources in the top 7% of its industry — outperforming the majority of peers. Historically, Torex Gold Resources' own ROC (Joel Greenblatt) % has ranged from 1.75 to 36.79 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. However, ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Torex Gold Resources and its competitors. Torex Gold Resources's current ROC (Joel Greenblatt) % is 50.32%, which is 143% above median its own 10-year median of 20.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torex Gold Resources stock overvalued right now?
Based on GuruFocus' analysis, Torex Gold Resources (TORXF) is currently considered Modestly Overvalued. The stock's GF Value™ is $33.97, compared to a current price of $38.09 — trading 12.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 50.32%, which is 143% above median its 10-year median of 20.67. Torex Gold Resources' overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Torex Gold Resources (TORXF), the current ROC (Joel Greenblatt) % is 50.32% 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 Torex Gold Resources (TORXF) Overvalued in 2026?
Based on GuruFocus' analysis, Torex Gold Resources stock appears to be overvalued.
The current stock price of $38.09 is trading 12.1% above its estimated GF Value™ of $33.97.
GuruFocus considers Torex Gold Resources to be Modestly Overvalued.
Key valuation signals for TORXF:
ROC (Joel Greenblatt) %: 50.32% (143% above median its 10-year median of 20.67)
GF Value™: $33.97 vs. price of $38.09 (12.1% above fair value)
No single metric tells the full story. See the TORXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torex Gold Resources Inc is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. It also owns the Los Reyes gold-silver project in Sinaloa, Mexico, and has acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA. The majority of the company's revenue is generated from the sale of gold, followed by silver and copper.
89GF Score
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