Ero Copper (TSX:ERO) ROE % Adjusted to Book Value: 16.61% (As of Mar. 2026)


TSX:ERO Ero Copper Corp TSX:ERO
86 GF Score
Price C$36.85
GF Value C$51.57
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ero Copper ROE % Adjusted to Book Value?

Ero Copper TSX:ERO -2.02% 86 ROE % Adjusted to Book Value is 16.61% as of Mar. 2026. GuruFocus rates TSX:ERO with a GF Score™ of 86/100 and a GF Value™ of C$51.57 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Ero Copper's ROE % for the quarter that ended in Mar. 2026 was 42.68%. Ero Copper's PB Ratio for the quarter that ended in Mar. 2026 was 2.57. Ero Copper's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 16.61%.

Ero Copper ROE % Adjusted to Book Value Related Terms

Ero Copper ROE % Adjusted to Book Value Historical Data

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The historical data trend for Ero Copper'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.

Ero Copper ROE % Adjusted to Book Value Chart

Ero Copper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.18 9.54 6.88 -4.25 10.93

Ero Copper 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 28.13 16.92 7.09 10.79 16.61

TSX:ERO vs SCCO, FCX: ROE % Adjusted to Book Value Comparison

For the Copper subindustry, Ero Copper'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.

Ero Copper ROE % Adjusted to Book Value vs Metals & Mining Industry

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

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


TSX:ERO
86GF Score
Ero Copper Corp TSX:ERO
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Ero Copper ROE % Adjusted to Book Value Calculation

Ero Copper's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=34.21% / 3.13
=10.93%

Ero Copper'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
=42.68% / 2.57
=16.61%

* 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 16.61% mean?
Ero Copper (TSX:ERO) has a ROE % Adjusted to Book Value of 16.61% 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 Ero Copper and its competitors.
Is Ero Copper's ROE % Adjusted to Book Value too high?
Ero Copper's current ROE % Adjusted to Book Value is 16.61%. Overall, Ero Copper has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ero Copper's ROE % Adjusted to Book Value compare to SCCO and FCX?
Ero Copper's ROE % Adjusted to Book Value of 16.61% 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 Ero Copper and its competitors. Ero Copper's current ROE % Adjusted to Book Value is 16.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ero Copper stock overvalued right now?
Based on GuruFocus' analysis, Ero Copper (TSX:ERO) is currently considered Modestly Undervalued. The stock's GF Value™ is C$51.57, compared to a current price of C$36.85 — trading 28.5% below its estimated fair value. The current ROE % Adjusted to Book Value is 16.61%. Ero Copper's overall GF Score™ is 86/100 with 5 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 Ero Copper (TSX:ERO), the current ROE % Adjusted to Book Value is 16.61% 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 Ero Copper (TSX:ERO) Overvalued in 2026?

Based on GuruFocus' analysis, Ero Copper stock appears to be undervalued. The current stock price of C$36.85 is trading 28.5% below its estimated GF Value™ of C$51.57. GuruFocus considers Ero Copper to be Modestly Undervalued.

Key valuation signals for TSX:ERO:

  • ROE % Adjusted to Book Value: 16.61%
  • GF Value™: C$51.57 vs. price of C$36.85 (28.5% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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

Ero Copper Business Description

Other Exchanges ERO:USAE0B:Germany
Address 625 Howe Street, Suite 1050, Vancouver, BC, CAN, V6C 2T6
Ero Copper Corp is a high-margin, high-growth copper producer with operations in Brazil. Its primary asset is its 99.6% ownership interest in Mineracao Caraiba S.A., held indirectly through its wholly-owned subsidiary. The company also owns a 97.6% ownership interest in NX Gold S.A. indirectly through its wholly-owned subsidiary. Its reporting segments include its three operating mines in Brazil, the Caraiba Operations, the Tucuma Operation, and the Xavantina Operations, and its corporate head office in Canada.
86GF Score

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

C$36.85
Price
C$51.57
GF Value