ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Barrick Mining's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 21.51%.
As of today (2026-06-25), Barrick Mining's WACC % is 12.00%. Barrick Mining's ROC % is 18.70% (calculated using TTM income statement data).
Barrick Mining generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Barrick Mining (MEX:BN) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Barrick Mining's WACC % is 12.00%. Barrick Mining's ROC % is 18.70% (calculated using TTM income statement data).
Barrick Mining generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.
Barrick Mining ROC % Related Terms
Barrick Mining ROC % Historical Data
* Premium members only.
The historical data trend for Barrick Mining's ROC % 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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Barrick Mining (MEX:BN) has a ROC % of 21.51% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Barrick Mining and its competitors.
Is Barrick Mining's ROC % too high?
Barrick Mining's current ROC % is 21.51%. Overall, Barrick Mining has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Barrick Mining's ROC % compare to NEM and AU?
Barrick Mining's ROC % of 21.51% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % 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 % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Barrick Mining and its competitors. Barrick Mining's current ROC % is 21.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barrick Mining stock overvalued right now?
Based on GuruFocus' analysis, Barrick Mining (MEX:BN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN555.35, compared to a current price of MXN634.00 — trading 14.2% above its estimated fair value. The current ROC % is 21.51%. Barrick Mining's overall GF Score™ is 87/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Barrick Mining (MEX:BN), the current ROC % is 21.51% 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 Barrick Mining (MEX:BN) Overvalued in 2026?
Based on GuruFocus' analysis, Barrick Mining stock appears to be overvalued.
The current stock price of MXN634.00 is trading 14.2% above its estimated GF Value™ of MXN555.35.
GuruFocus considers Barrick Mining to be Modestly Overvalued.
Key valuation signals for MEX:BN:
ROC %: 21.51%
GF Value™: MXN555.35 vs. price of MXN634.00 (14.2% above fair value)
No single metric tells the full story. See the MEX:BN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
87GF Score
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