Fortuna Mining (TSX:FVI) ROCE %: 34.08% (As of Mar. 2026)


TSX:FVI Fortuna Mining Corp TSX:FVI
94 GF Score
Price C$11.81
GF Value C$8.98
Valuation Significantly Overvalued
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What is Fortuna Mining ROCE %?

Fortuna Mining TSX:FVI -3.28% 94 ROCE % is 34.08% as of Mar. 2026. GuruFocus rates TSX:FVI with a GF Score™ of 94/100 and a GF Value™ of C$8.98 (Significantly Overvalued).

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. Fortuna Mining's annualized ROCE % for the quarter that ended in Mar. 2026 was 34.08%.

Fortuna Mining  (TSX:FVI) 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.

Fortuna Mining ROCE % Related Terms

Fortuna Mining ROCE % Historical Data

* Premium members only.

The historical data trend for Fortuna Mining'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.

Fortuna Mining ROCE % Chart

Fortuna Mining Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 -6.52 0.81 9.68 21.17

Fortuna Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 12.75 17.88 32.01 24.03 34.08
TSX:FVI
94GF Score
Fortuna Mining Corp TSX:FVI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortuna Mining ROCE % Calculation

Fortuna Mining's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=587.744/( ( (3013.998 - 364.765) + (3256.504 - 353.671) )/ 2 )
=587.744/( (2649.233+2902.833)/ 2 )
=587.744/2776.033
=21.17 %

Fortuna Mining's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1011.744/( ( (3256.504 - 353.671) + (3419.805 - 385.705) )/ 2 )
=1011.744/( ( 2902.833 + 3034.1 )/ 2 )
=1011.744/2968.4665
=34.08 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 34.08% mean?
Fortuna Mining (TSX:FVI) has a ROCE % of 34.08% as of Mar. 2026.
Is Fortuna Mining's ROCE % too high?
Fortuna Mining's current ROCE % is 34.08%. Overall, Fortuna Mining has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's ROCE % compare to NEM and AU?
Fortuna Mining's ROCE % of 34.08% 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. Fortuna Mining's current ROCE % is 34.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (TSX:FVI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$8.98, compared to a current price of C$11.81 — trading 31.5% above its estimated fair value. The current ROCE % is 34.08%. Fortuna Mining's overall GF Score™ is 94/100. 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 Fortuna Mining (TSX:FVI), the current ROCE % is 34.08% 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 Fortuna Mining (TSX:FVI) Overvalued in 2026?

Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued. The current stock price of C$11.81 is trading 31.5% above its estimated GF Value™ of C$8.98. GuruFocus considers Fortuna Mining to be Significantly Overvalued.

Key valuation signals for TSX:FVI:

  • ROCE %: 34.08%
  • GF Value™: C$8.98 vs. price of C$11.81 (31.5% above fair value)
  • GF Score™: 94/100

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

Fortuna Mining Business Description

Address 1111 Melville Street, Suite 820, Vancouver, BC, CAN, V6E 3V6
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
94GF Score

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

C$11.81
Price
C$8.98
GF Value