ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Focus Minerals's annualized net income for the quarter that ended in Dec. 2025 was A$102.1 Mil. Focus Minerals's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$342.5 Mil. Therefore, Focus Minerals's annualized ROE % for the quarter that ended in Dec. 2025 was 29.81%.
The historical rank and industry rank for Focus Minerals's ROE % or its related term are showing as below:
ASX:FML'
s ROE % Range Over the Past 10 Years
Min: -9.33 Med: -3.68 Max: 117.51
Current: 104.69
During the past 13 years, Focus Minerals's highest ROE % was 117.51%. The lowest was -9.33%. And the median was -3.68%.
ASX:FML's ROE % is ranked better than 97.87% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.11
vs ASX:FML: 104.69
Focus Minerals (ASX:FML) 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.
Focus Minerals ROE % Related Terms
Focus Minerals ROE % Historical Data
* Premium members only.
The historical data trend for Focus Minerals'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, Focus Minerals'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.
Focus Minerals ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's ROE % distribution charts can be found below:
* The bar in red indicates where Focus Minerals'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.
Focus Minerals (ASX:FML) has a ROE % of 29.81% 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 Focus Minerals and its competitors. According to the industry distribution chart, Focus Minerals ranks #51 out of 2389 companies in the Metals & Mining industry, placing it in the top 2.1%.
Is Focus Minerals' ROE % too high?
Focus Minerals' current ROE % is 29.81%. Based on the distribution chart, Focus Minerals ranks #51 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' ROE % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #51 out of 2389 companies for ROE %. This places Focus Minerals in the top 2% 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 Focus Minerals and its competitors. Focus Minerals's current ROE % is 29.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.80, compared to a current price of A$1.65 — trading 8.3% below its estimated fair value. The current ROE % is 29.81%. Focus Minerals' overall GF Score™ is 59/100 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 Focus Minerals (ASX:FML), the current ROE % is 29.81% 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 Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued.
The current stock price of A$1.65 is trading 8.3% below its estimated GF Value™ of A$1.80.
GuruFocus considers Focus Minerals to be Fairly Valued.
Key valuation signals for ASX:FML:
ROE %: 29.81%
GF Value™: A$1.80 vs. price of A$1.65 (8.3% below fair value)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
59GF Score
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