Mega UraniumMGAFF -2.67%30 ROE % is -1.90% as of Mar. 2026. GuruFocus rates MGAFF with a GF Score™ of 30/100. Among 177 Other Energy Sources companies, Mega Uranium ranks better than 58.76% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mega Uranium's annualized net income for the quarter that ended in Mar. 2026 was $-3.76 Mil. Mega Uranium's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $197.94 Mil. Therefore, Mega Uranium's annualized ROE % for the quarter that ended in Mar. 2026 was -1.90%.
The historical rank and industry rank for Mega Uranium's ROE % or its related term are showing as below:
MGAFF'
s ROE % Range Over the Past 10 Years
Min: -11.9 Med: -2.99 Max: 22.16
Current: 3.8
During the past 13 years, Mega Uranium's highest ROE % was 22.16%. The lowest was -11.90%. And the median was -2.99%.
MGAFF's ROE % is ranked better than 58.76% of 177
companies
in the Other Energy Sources industry
Industry Median: 0.7
vs MGAFF: 3.80
Mega Uranium (OTCPK:MGAFF) 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.
Mega Uranium ROE % Related Terms
Mega Uranium ROE % Historical Data
* Premium members only.
The historical data trend for Mega Uranium'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 Uranium subindustry, Mega Uranium'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.
Mega Uranium ROE % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Mega Uranium's ROE % distribution charts can be found below:
* The bar in red indicates where Mega Uranium'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.
Mega Uranium (MGAFF) has a ROE % of -1.90% 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 Mega Uranium and its competitors. According to the industry distribution chart, Mega Uranium ranks #73 out of 177 companies in the Other Energy Sources industry, placing it in the top 41.2%.
Is Mega Uranium's ROE % too high?
Mega Uranium's current ROE % is -1.90%. Based on the distribution chart, Mega Uranium ranks #73 out of 177 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Mega Uranium has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Mega Uranium's ROE % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Mega Uranium ranks #73 out of 177 companies for ROE %. This puts Mega Uranium in the upper 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 Mega Uranium 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. Mega Uranium's current ROE % is -1.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega Uranium stock overvalued right now?
Mega Uranium (MGAFF) has a current ROE % of -1.90%. The current ROE % is -1.90%. Mega Uranium's overall GF Score™ is 30/100. 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 Mega Uranium (MGAFF), the current ROE % is -1.90% 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.
Mega Uranium Ltd is a Canada-based exploration-stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include the Maureen project. Geographically, it operates in Canada and Australia.
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