Heavy Rare Earths (ASX:HRE) ROE %: -118.06% (As of Dec. 2025)


What is Heavy Rare Earths ROE %?

Heavy Rare Earths ASX:HRE ROE % is -118.06% as of Dec. 2025. The stock has 2 warning signs investors should review. Among 177 Other Energy Sources companies, Heavy Rare Earths ranks worse than 96.05% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Heavy Rare Earths's annualized net income for the quarter that ended in Dec. 2025 was A$-1.70 Mil. Heavy Rare Earths's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was A$1.44 Mil. Therefore, Heavy Rare Earths's annualized ROE % for the quarter that ended in Dec. 2025 was -118.06%.

The historical rank and industry rank for Heavy Rare Earths's ROE % or its related term are showing as below:

ASX:HRE' s ROE % Range Over the Past 10 Years
Min: -250.18   Med: -42.74   Max: -33.28
Current: -181.61

During the past 3 years, Heavy Rare Earths's highest ROE % was -33.28%. The lowest was -250.18%. And the median was -42.74%.

ASX:HRE's ROE % is ranked worse than
96.05% of 177 companies
in the Other Energy Sources industry
Industry Median: 0.7 vs ASX:HRE: -181.61

Heavy Rare Earths  (ASX:HRE) 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:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-1.696/1.4365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-1.696 / 0)*(0 / 1.7325)*(1.7325 / 1.4365)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.2061
=ROA %*Equity Multiplier
=N/A %*1.2061
=-118.06 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-1.696/1.4365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-1.696 / -1.696) * (-1.696 / -1.764) * (-1.764 / 0) * (0 / 1.7325) * (1.7325 / 1.4365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9615 * N/A % * 0 * 1.2061
=-118.06 %

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.


Heavy Rare Earths ROE % Related Terms


Heavy Rare Earths ROE % Historical Data

* Premium members only.

The historical data trend for Heavy Rare Earths'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.

Heavy Rare Earths ROE % Chart

Heavy Rare Earths Annual Data
Trend Jun23 Jun24 Jun25
ROE %
-33.28 -42.74 -250.18

Heavy Rare Earths Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial -18.21 -59.26 -98.12 -221.73 -118.06

ASX:HRE vs UEC, LEU: ROE % Comparison

For the Uranium subindustry, Heavy Rare Earths'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.


Heavy Rare Earths ROE % vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Heavy Rare Earths's ROE % distribution charts can be found below:

* The bar in red indicates where Heavy Rare Earths's ROE % falls into.



Heavy Rare Earths ROE % Calculation

Heavy Rare Earths's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=-3.216/( (0.731+1.84)/ 2 )
=-3.216/1.2855
=-250.18 %

Heavy Rare Earths's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-1.696/( (1.84+1.033)/ 2 )
=-1.696/1.4365
=-118.06 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -118.06% mean?
Heavy Rare Earths (ASX:HRE) has a ROE % of -118.06% 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 Heavy Rare Earths and its competitors. According to the industry distribution chart, Heavy Rare Earths ranks #170 out of 177 companies in the Other Energy Sources industry, placing it in the top 96%.
Is Heavy Rare Earths' ROE % too high?
Heavy Rare Earths' current ROE % is -118.06%. Based on the distribution chart, Heavy Rare Earths ranks #170 out of 177 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers.
How does Heavy Rare Earths' ROE % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Heavy Rare Earths ranks #170 out of 177 companies for ROE %. This places Heavy Rare Earths in the lower half of its industry. The industry median ROE % is 0.70. 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 Other Energy Sources company?
The median ROE % among Other Energy Sources companies is 0.70, based on 177 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. 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 Heavy Rare Earths and its competitors. For the Other Energy Sources industry, the median ROE % is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heavy Rare Earths's current ROE % is -118.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavy Rare Earths stock overvalued right now?
Heavy Rare Earths (ASX:HRE) has a current ROE % of -118.06%. The current ROE % is -118.06%. 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 Heavy Rare Earths (ASX:HRE), the current ROE % is -118.06% 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.

Heavy Rare Earths Business Description

Address C/- JM Corporate Services, 459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000
Heavy Rare Earths Ltd is engaged in the evaluation and exploration of heavy rare earths and other resources at its areas of interest located in Western and Southern Australia. Its project portfolio includes: Radium Hill uranium critical minerals project, Prospect Hill uranium critical minerals project, Lake Namba Billeroo uranium project, Perenjori uranium project, Cowalinya rare earth project, and Duke project.