Evolution MiningASX:EVN -3.81%92 ROE % is 28.95% as of Dec. 2025, which is 150% above its 10-year median of 11.60. GuruFocus rates ASX:EVN with a GF Score™ of 92/100 and a GF Value™ of A$8.32 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,389 Metals & Mining companies, Evolution Mining ranks better than 91.59% on this metric.
The historical rank and industry rank for Evolution Mining's ROE % or its related term are showing as below:
ASX:EVN'
s ROE % Range Over the Past 10 Years
Min: -1.82 Med: 11.6 Max: 26.52
Current: 26.52
During the past 13 years, Evolution Mining's highest ROE % was 26.52%. The lowest was -1.82%. And the median was 11.60%.
ASX:EVN's ROE % is ranked better than 91.59% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.11
vs ASX:EVN: 26.52
Evolution Mining (ASX:EVN) 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 (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Evolution Mining ROE % Related Terms
Evolution Mining ROE % Historical Data
* Premium members only.
The historical data trend for Evolution Mining's ROE % 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.
For the Gold subindustry, Evolution Mining'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.
Evolution Mining ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's ROE % distribution charts can be found below:
* The bar in red indicates where Evolution Mining'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 (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Evolution Mining (ASX:EVN) has a ROE % of 28.95% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Evolution Mining and its competitors. This is 150% above median its historical median of 11.60. According to the industry distribution chart, Evolution Mining ranks #201 out of 2389 companies in the Metals & Mining industry, placing it in the top 8.4%.
Is Evolution Mining's ROE % too high?
Evolution Mining's current ROE % of 28.95% is 150% above median its 10-year median of 11.60. Based on the distribution chart, Evolution Mining ranks #201 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Evolution Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's ROE % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #201 out of 2389 companies for ROE %. This places Evolution Mining in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. However, ROE % 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 % 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 Evolution Mining and its competitors. Evolution Mining's current ROE % is 28.95%, which is 150% above median its own 10-year median of 11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.32, compared to a current price of A$11.88 — trading 42.8% above its estimated fair value. The current ROE % is 28.95%, which is 150% above median its 10-year median of 11.60. Evolution Mining's overall GF Score™ is 92/100 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 Evolution Mining (ASX:EVN), the current ROE % is 28.95% as of Dec. 2025. 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$11.88 is trading 42.8% above its estimated GF Value™ of A$8.32.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
ROE %: 28.95% (150% above median its 10-year median of 11.60)
GF Value™: A$8.32 vs. price of A$11.88 (42.8% above fair value)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
92GF Score
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