Surface Metals (FRA:V6X) ROE % Adjusted to Book Value: -18.70% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:V6X Surface Metals Inc FRA:V6X
32 GF Score
Price €0.09
! 2 Warning Signs
View Full Analysis

What is Surface Metals ROE % Adjusted to Book Value?

Surface Metals FRA:V6X 32 ROE % Adjusted to Book Value is -18.70% as of Mar. 2026. GuruFocus rates FRA:V6X with a GF Score™ of 32/100. The stock has 2 warning signs investors should review.

Surface Metals's ROE % for the quarter that ended in Mar. 2026 was -17.20%. Surface Metals's PB Ratio for the quarter that ended in Mar. 2026 was 0.92. Surface Metals's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -18.70%.

Surface Metals ROE % Adjusted to Book Value Related Terms

Surface Metals ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Surface Metals's ROE % Adjusted to Book Value 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.

Surface Metals ROE % Adjusted to Book Value Chart

Surface Metals Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Surface Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 0.00 0.00 0.00 0.00 -18.70

Surface Metals ROE % Adjusted to Book Value Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Surface Metals's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Surface Metals ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Surface Metals's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Surface Metals's ROE % Adjusted to Book Value falls into.


FRA:V6X
32GF Score
Surface Metals Inc FRA:V6X
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surface Metals ROE % Adjusted to Book Value Calculation

Surface Metals's ROE % Adjusted to Book Value for the fiscal year that ended in Sep. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-35.10% / N/A
=N/A

Surface Metals's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-17.20% / 0.92
=-18.70%

* 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.

What does a ROE % Adjusted to Book Value of -18.70% mean?
Surface Metals (FRA:V6X) has a ROE % Adjusted to Book Value of -18.70% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Surface Metals and its competitors.
Is Surface Metals' ROE % Adjusted to Book Value too high?
Surface Metals' current ROE % Adjusted to Book Value is -18.70%. Overall, Surface Metals has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Surface Metals' ROE % Adjusted to Book Value compare to competitors?
Surface Metals' ROE % Adjusted to Book Value of -18.70% 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 ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Surface Metals and its competitors. Surface Metals's current ROE % Adjusted to Book Value is -18.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surface Metals stock overvalued right now?
Surface Metals (FRA:V6X) has a current ROE % Adjusted to Book Value of -18.70%. The current ROE % Adjusted to Book Value is -18.70%. Surface Metals' overall GF Score™ is 32/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Surface Metals (FRA:V6X), the current ROE % Adjusted to Book Value is -18.70% 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.

Surface Metals Business Description

Other Exchanges SURMF:USASUR:Canada
Address 318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1
Surface Metals Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake project.
32GF Score

Get the complete analysis for FRA:V6X

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

€0.09
Price