Kinross GoldMEX:KGCN -18.54%83 ROE % is 38.18% as of Mar. 2026, which is 351% above its 10-year median of 8.47. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,389 Metals & Mining companies, Kinross Gold ranks better than 93.76% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Kinross Gold's annualized net income for the quarter that ended in Mar. 2026 was MXN60,806 Mil. Kinross Gold's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN159,242 Mil. Therefore, Kinross Gold's annualized ROE % for the quarter that ended in Mar. 2026 was 38.18%.
The historical rank and industry rank for Kinross Gold's ROE % or its related term are showing as below:
MEX:KGCN'
s ROE % Range Over the Past 10 Years
Min: -10.07 Med: 8.47 Max: 35.2
Current: 35.2
During the past 13 years, Kinross Gold's highest ROE % was 35.20%. The lowest was -10.07%. And the median was 8.47%.
MEX:KGCN's ROE % is ranked better than 93.76% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.11
vs MEX:KGCN: 35.20
Kinross Gold (MEX:KGCN) 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.
Kinross Gold ROE % Related Terms
Kinross Gold ROE % Historical Data
* Premium members only.
The historical data trend for Kinross 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, Kinross 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.
Kinross Gold ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's ROE % distribution charts can be found below:
* The bar in red indicates where Kinross 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.
Kinross Gold (MEX:KGCN) has a ROE % of 38.18% 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 Kinross Gold and its competitors. This is 351% above median its historical median of 8.47. According to the industry distribution chart, Kinross Gold ranks #149 out of 2389 companies in the Metals & Mining industry, placing it in the top 6.2%.
Is Kinross Gold's ROE % too high?
Kinross Gold's current ROE % of 38.18% is 351% above median its 10-year median of 8.47. Based on the distribution chart, Kinross Gold ranks #149 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's ROE % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #149 out of 2389 companies for ROE %. This places Kinross Gold in the top 6% 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 Kinross Gold and its competitors. Kinross Gold's current ROE % is 38.18%, which is 351% above median its own 10-year median of 8.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current ROE % is 38.18%, which is 351% above median its 10-year median of 8.47. Kinross Gold's overall GF Score™ is 83/100 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 Kinross Gold (MEX:KGCN), the current ROE % is 38.18% 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.
Is Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
ROE %: 38.18% (351% above median its 10-year median of 8.47)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
Get the complete analysis for MEX:KGCN
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:KGCN has been successfully added to your 
