TRX (TRX Gold) ROCE %: -25.23% (As of Feb. 2026)


TRX TRX Gold Corp TRX
47 GF Score
Price $0.79
GF Value $1.16
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is TRX Gold ROCE %?

TRX Gold TRX -6.31% 47 ROCE % is -25.23% as of Feb. 2026. GuruFocus rates TRX with a GF Score™ of 47/100 and a GF Value™ of $1.16 (Possible Value Trap). The stock has 1 warning sign investors should review.

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. TRX Gold's annualized ROCE % for the quarter that ended in Feb. 2026 was -25.23%.

TRX Gold  (AMEX:TRX) 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.

TRX Gold ROCE % Related Terms

TRX Gold ROCE % Historical Data

* Premium members only.

The historical data trend for TRX 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.

TRX Gold ROCE % Chart

TRX Gold Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.77 -2.72 23.28 14.36 17.44

TRX Gold Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -8.34 12.06 39.22 19.62 -25.23
TRX
47GF Score
TRX Gold Corp TRX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRX Gold ROCE % Calculation

TRX Gold's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Aug. 2025 )  (A: Aug. 2024 )(A: Aug. 2025 )
=14.851/( ( (98.86 - 21.283) + (117.252 - 24.537) )/ 2 )
=14.851/( (77.577+92.715)/ 2 )
=14.851/85.146
=17.44 %

TRX Gold's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=-29.2/( ( (129.553 - 33.03) + (158.367 - 23.446) )/ 2 )
=-29.2/( ( 96.523 + 134.921 )/ 2 )
=-29.2/115.722
=-25.23 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 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 -25.23% mean?
TRX Gold (TRX) has a ROCE % of -25.23% as of Feb. 2026.
Is TRX Gold's ROCE % too high?
TRX Gold's current ROCE % is -25.23%. Overall, TRX Gold has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's ROCE % compare to NEM and AU?
TRX Gold's ROCE % of -25.23% 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. TRX Gold's current ROCE % is -25.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.16, compared to a current price of $0.79 — trading 32.2% below its estimated fair value. The current ROCE % is -25.23%. TRX Gold's overall GF Score™ is 47/100 with 1 warning sign to review. 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 TRX Gold (TRX), the current ROCE % is -25.23% as of Feb. 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 TRX Gold (TRX) Overvalued in 2026?

Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued. The current stock price of $0.79 is trading 32.2% below its estimated GF Value™ of $1.16. GuruFocus considers TRX Gold to be Possible Value Trap.

Key valuation signals for TRX:

  • ROCE %: -25.23%
  • GF Value™: $1.16 vs. price of $0.79 (32.2% below fair value)
  • GF Score™: 47/100 with 1 warning sign

No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TRX Gold Business Description

Other Exchanges TRG0:GermanyTRX:Canada
Address 277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
47GF Score

Get the complete analysis for TRX

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

$0.79
Price
$1.16
GF Value