TROX (Tronox Holdings) ROE %: -30.44% (As of Mar. 2026)


TROX Tronox Holdings PLC TROX
60 GF Score
Price $6.84
GF Value $10.64
Valuation Possible Value Trap
! 8 Warning Signs
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What is Tronox Holdings ROE %?

Tronox Holdings TROX -0.15% 60 ROE % is -30.44% as of Mar. 2026. GuruFocus rates TROX with a GF Score™ of 60/100 and a GF Value™ of $10.64 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,590 Chemicals companies, Tronox Holdings ranks worse than 93.77% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tronox Holdings's annualized net income for the quarter that ended in Mar. 2026 was $-412 Mil. Tronox Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $1,354 Mil. Therefore, Tronox Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was -30.44%.

The historical rank and industry rank for Tronox Holdings's ROE % or its related term are showing as below:

TROX' s ROE % Range Over the Past 10 Years
Min: -31.01   Med: -4.34   Max: 79.23
Current: -30.44

During the past 13 years, Tronox Holdings's highest ROE % was 79.23%. The lowest was -31.01%. And the median was -4.34%.

TROX's ROE % is ranked worse than
93.77% of 1590 companies
in the Chemicals industry
Industry Median: 5.195 vs TROX: -30.44

Tronox Holdings  (NYSE:TROX) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-412/1353.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-412 / 3040)*(3040 / 6137)*(6137 / 1353.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=-13.55 %*0.4954*4.5342
=ROA %*Equity Multiplier
=-6.71 %*4.5342
=-30.44 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-412/1353.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-412 / -416) * (-416 / -108) * (-108 / 3040) * (3040 / 6137) * (6137 / 1353.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9904 * 3.8519 * -3.55 % * 0.4954 * 4.5342
=-30.44 %

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.


Tronox Holdings ROE % Related Terms


Tronox Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Tronox Holdings'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.

Tronox Holdings ROE % Chart

Tronox Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.49 22.85 -14.72 -2.60 -29.57

Tronox Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.85 -20.24 -24.70 -47.26 -30.44

TROX vs GPRE, REX, ASPI: ROE % Comparison

For the Chemicals subindustry, Tronox Holdings'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.


Tronox Holdings ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tronox Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Tronox Holdings's ROE % falls into.


TROX
60GF Score
Tronox Holdings PLC TROX
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tronox Holdings ROE % Calculation

Tronox Holdings's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-470/( (1761+1418)/ 2 )
=-470/1589.5
=-29.57 %

Tronox Holdings's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-412/( (1418+1289)/ 2 )
=-412/1353.5
=-30.44 %

* 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.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -30.44% mean?
Tronox Holdings (TROX) has a ROE % of -30.44% 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 Tronox Holdings and its competitors. According to the industry distribution chart, Tronox Holdings ranks #1491 out of 1590 companies in the Chemicals industry, placing it in the top 93.8%.
Is Tronox Holdings' ROE % too high?
Tronox Holdings' current ROE % is -30.44%. Based on the distribution chart, Tronox Holdings ranks #1491 out of 1590 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tronox Holdings has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tronox Holdings' ROE % compare to GPRE and REX?
According to the Chemicals industry distribution chart, Tronox Holdings ranks #1491 out of 1590 companies for ROE %. This places Tronox Holdings in the lower half of its industry. The industry median ROE % is 5.20. 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 Chemicals company?
The median ROE % among Chemicals companies is 5.20, based on 1,590 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 Tronox Holdings and its competitors. For the Chemicals industry, the median ROE % is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tronox Holdings's current ROE % is -30.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tronox Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tronox Holdings (TROX) is currently considered Possible Value Trap. The stock's GF Value™ is $10.64, compared to a current price of $6.84 — trading 35.7% below its estimated fair value. The current ROE % is -30.44%. Tronox Holdings' overall GF Score™ is 60/100 with 8 warning signs 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 Tronox Holdings (TROX), the current ROE % is -30.44% 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 Tronox Holdings (TROX) Overvalued in 2026?

Based on GuruFocus' analysis, Tronox Holdings stock appears to be undervalued. The current stock price of $6.84 is trading 35.7% below its estimated GF Value™ of $10.64. GuruFocus considers Tronox Holdings to be Possible Value Trap.

Key valuation signals for TROX:

  • ROE %: -30.44%
  • GF Value™: $10.64 vs. price of $6.84 (35.7% below fair value)
  • GF Score™: 60/100 with 8 warning signs

No single metric tells the full story. See the TROX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tronox Holdings Business Description

Other Exchanges T5X:Germany
Address 263 Tresser Boulevard, Suite 1100, Stamford, CT, USA, 06901
Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. Europe, the Middle East, and Africa regions contribute the majority of revenue.
60GF Score

Get the complete analysis for TROX

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.84
Price
$10.64
GF Value