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ASA Gold And Precious MetalsASA +8.12%38 ROE % is 46.80% as of May. 2026, which is 180% above its 10-year median of 16.74. GuruFocus rates ASA with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,612 Asset Management companies, ASA Gold And Precious Metals ranks better than 98.2% on this metric.
ASA Gold And Precious Metals (NYSE:ASA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (May. 2026) net income data. The Revenue data used here is two times the semi-annual (May. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
ASA Gold And Precious Metals ROE % Related Terms
ASA Gold And Precious Metals ROE % Historical 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.
For the Asset Management subindustry, ASA Gold And Precious Metals's ROE %, along with its competitors' market caps and ROE % 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.
ASA Gold And Precious Metals ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's ROE % distribution charts can be found below:
* The bar in red indicates where ASA Gold And Precious Metals's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (May. 2026) net income data.
ROE % is displayed in the 30-year financial page.
ASA Gold And Precious Metals (ASA) has a ROE % of 46.80% as of May. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ASA Gold And Precious Metals and its competitors. This is 180% above median its historical median of 16.74. According to the industry distribution chart, ASA Gold And Precious Metals ranks #29 out of 1612 companies in the Asset Management industry, placing it in the top 1.8%.
Is ASA Gold And Precious Metals' ROE % too high?
ASA Gold And Precious Metals' current ROE % of 46.80% is 180% above median its 10-year median of 16.74. The Asset Management industry median ROE % is 6.88. ASA Gold And Precious Metals' value of 46.80% is 580.7% above this industry median. Based on the distribution chart, ASA Gold And Precious Metals ranks #29 out of 1612 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, ASA Gold And Precious Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does ASA Gold And Precious Metals' ROE % compare to BMEZ and BTX?
According to the Asset Management industry distribution chart, ASA Gold And Precious Metals ranks #29 out of 1612 companies for ROE %. This places ASA Gold And Precious Metals in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.88. ASA Gold And Precious Metals' value of 46.80% is 580.7% above this benchmark. While the company's 10-year median is 16.74 vs. the industry median of 6.88, ASA Gold And Precious Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.88, based on 1,612 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASA Gold And Precious Metals's current ROE % of 46.80% is 580.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on ASA Gold And Precious Metals and its competitors. For the Asset Management industry, the median ROE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASA Gold And Precious Metals's current ROE % is 46.80%, which is 180% above median its own 10-year median of 16.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASA Gold And Precious Metals stock overvalued right now?
ASA Gold And Precious Metals (ASA) has a current ROE % of 46.80%. The current ROE % is 46.80%, which is 180% above median its 10-year median of 16.74 and 580.7% above the Asset Management industry median of 6.88. ASA Gold And Precious Metals' overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For ASA Gold And Precious Metals (ASA), the current ROE % is 46.80% as of May. 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.
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
38GF Score
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