Four Nines Gold (FRA:F8NA) ROCE %: -25.60% (As of Jan. 2026)


FRA:F8NA Four Nines Gold Inc FRA:F8NA
20 GF Score
Price €0.29
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What is Four Nines Gold ROCE %?

Four Nines Gold FRA:F8NA -3.29% 20 ROCE % is -25.60% as of Jan. 2026. GuruFocus rates FRA:F8NA with a GF Score™ of 20/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Four Nines Gold's annualized ROCE % for the quarter that ended in Jan. 2026 was -25.60%.

Four Nines Gold  (FRA:F8NA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Four Nines Gold ROCE % Related Terms

Four Nines Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Four Nines Gold's ROCE % 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.

Four Nines Gold ROCE % Chart

Four Nines Gold Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -58.41 -50.86 -70.24 -64.06 -34.06

Four Nines Gold Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -113.01 -46.94 -34.38 -25.93 -25.60
FRA:F8NA
20GF Score
Four Nines Gold Inc FRA:F8NA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Nines Gold ROCE % Calculation

Four Nines Gold's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=-0.133/( ( (0.805 - 0.436) + (0.826 - 0.414) )/ 2 )
=-0.133/( (0.369+0.412)/ 2 )
=-0.133/0.3905
=-34.06 %

Four Nines Gold's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=-0.112/( ( (0.831 - 0.368) + (0.826 - 0.414) )/ 2 )
=-0.112/( ( 0.463 + 0.412 )/ 2 )
=-0.112/0.4375
=-25.60 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -25.60% mean?
Four Nines Gold (FRA:F8NA) has a ROCE % of -25.60% as of Jan. 2026.
Is Four Nines Gold's ROCE % too high?
Four Nines Gold's current ROCE % is -25.60%. Overall, Four Nines Gold has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Four Nines Gold's ROCE % compare to NEM and AU?
Four Nines Gold's ROCE % of -25.60% 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 ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Four Nines Gold's current ROCE % is -25.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Nines Gold stock overvalued right now?
Four Nines Gold (FRA:F8NA) has a current ROCE % of -25.60%. The current ROCE % is -25.60%. Four Nines Gold's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Four Nines Gold (FRA:F8NA), the current ROCE % is -25.60% as of Jan. 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.

Four Nines Gold Business Description

Other Exchanges FNAUF:USAFNAU:Canada
Address 409 Granville Street, Suite 1600, Vancouver, BC, CAN, V6C 1T2
Four Nines Gold Inc is engaged in the acquisition, exploration, and evaluation of mineral properties. Its project includes the Hayden Hill gold-silver project in Northern California. Geographically, the company has its presence in Canada and the United States of America.
20GF Score

Get the complete analysis for FRA:F8NA

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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