Carlin GoldCGDCF -45.45%38 ROE % is 3.48% as of Mar. 2026, which is 841% above its 10-year median of 0.37. GuruFocus rates CGDCF with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 2,389 Metals & Mining companies, Carlin Gold ranks better than 85.43% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carlin Gold's annualized net income for the quarter that ended in Mar. 2026 was $0.14 Mil. Carlin Gold's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $3.90 Mil. Therefore, Carlin Gold's annualized ROE % for the quarter that ended in Mar. 2026 was 3.48%.
The historical rank and industry rank for Carlin Gold's ROE % or its related term are showing as below:
CGDCF'
s ROE % Range Over the Past 10 Years
Min: -22.96 Med: 0.37 Max: 21.23
Current: 14.37
During the past 13 years, Carlin Gold's highest ROE % was 21.23%. The lowest was -22.96%. And the median was 0.37%.
CGDCF's ROE % is ranked better than 85.43% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.14
vs CGDCF: 14.37
Carlin Gold (OTCPK:CGDCF) 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 four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Carlin Gold ROE % Related Terms
Carlin Gold ROE % Historical Data
* Premium members only.
The historical data trend for Carlin Gold'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, Carlin Gold'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.
Carlin Gold ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Carlin Gold's ROE % distribution charts can be found below:
* The bar in red indicates where Carlin Gold'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 four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Carlin Gold (CGDCF) has a ROE % of 3.48% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Carlin Gold and its competitors. This is 841% above median its historical median of 0.37. According to the industry distribution chart, Carlin Gold ranks #348 out of 2389 companies in the Metals & Mining industry, placing it in the top 14.6%.
Is Carlin Gold's ROE % too high?
Carlin Gold's current ROE % of 3.48% is 841% above median its 10-year median of 0.37. Based on the distribution chart, Carlin Gold ranks #348 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Carlin Gold has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Carlin Gold's ROE % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Carlin Gold ranks #348 out of 2389 companies for ROE %. This places Carlin Gold in the top 15% 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 Carlin Gold and its competitors. Carlin Gold's current ROE % is 3.48%, which is 841% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlin Gold stock overvalued right now?
Carlin Gold (CGDCF) has a current ROE % of 3.48%. The current ROE % is 3.48%, which is 841% above median its 10-year median of 0.37. Carlin Gold's 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 Carlin Gold (CGDCF), the current ROE % is 3.48% 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.
Carlin Gold Corp is an exploration company. The firm is focused on Carlin-type gold exploration in Nevada. Its projects are the Cortez Summit Property, and Ivy Copper-Gold Property and Willow Property Project. The company operates in Canada and the United States. It has one operating segment mineral exploration and development.
38GF Score
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