McEwen (TSX:MUX) ROCE %: 5.33% (As of Mar. 2026)


TSX:MUX McEwen Inc TSX:MUX
69 GF Score
Price C$24.20
GF Value C$15.71
Valuation Significantly Overvalued
! 3 Warning Signs
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What is McEwen ROCE %?

McEwen TSX:MUX -5.84% 69 ROCE % is 5.33% as of Mar. 2026. GuruFocus rates TSX:MUX with a GF Score™ of 69/100 and a GF Value™ of C$15.71 (Significantly Overvalued). The stock has 3 warning signs 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. McEwen's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.33%.

McEwen  (TSX:MUX) 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.

McEwen ROCE % Related Terms

McEwen ROCE % Historical Data

* Premium members only.

The historical data trend for McEwen'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.

McEwen ROCE % Chart

McEwen 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 -12.50 -22.07 -19.36 -2.09 -1.85

McEwen 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 0.26 0.00 -4.44 -3.17 5.33
TSX:MUX
69GF Score
McEwen Inc TSX:MUX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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McEwen ROCE % Calculation

McEwen'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 )
=-17.83/( ( (946.888 - 67.948) + (1131.491 - 88.025) )/ 2 )
=-17.83/( (878.94+1043.466)/ 2 )
=-17.83/961.203
=-1.85 %

McEwen'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 )
=59.84/( ( (1131.491 - 88.025) + (1334.403 - 132.627) )/ 2 )
=59.84/( ( 1043.466 + 1201.776 )/ 2 )
=59.84/1122.621
=5.33 %

(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 5.33% mean?
McEwen (TSX:MUX) has a ROCE % of 5.33% as of Mar. 2026.
Is McEwen's ROCE % too high?
McEwen's current ROCE % is 5.33%. Overall, McEwen has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does McEwen's ROCE % compare to LODE and GORO?
McEwen's ROCE % of 5.33% 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. McEwen's current ROCE % is 5.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McEwen stock overvalued right now?
Based on GuruFocus' analysis, McEwen (TSX:MUX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$15.71, compared to a current price of C$24.20 — trading 54% above its estimated fair value. The current ROCE % is 5.33%. McEwen's overall GF Score™ is 69/100 with 3 warning signs 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 McEwen (TSX:MUX), the current ROCE % is 5.33% 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 McEwen (TSX:MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of C$24.20 is trading 54% above its estimated GF Value™ of C$15.71. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for TSX:MUX:

  • ROCE %: 5.33%
  • GF Value™: C$15.71 vs. price of C$24.20 (54% above fair value)
  • GF Score™: 69/100 with 3 warning signs

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

McEwen Business Description

Address 150 King Street West, Suite 2800, PO Box 24, Toronto, ON, CAN, M5H 1J9
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
69GF Score

Get the complete analysis for TSX:MUX

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

C$24.20
Price
C$15.71
GF Value