Aya Gold & Silver (TSX:AYA) ROE %: 44.22% (As of Mar. 2026)


TSX:AYA Aya Gold & Silver Inc TSX:AYA
80 GF Score
Price C$28.13
GF Value C$68.00
Valuation Possible Value Trap
! 6 Warning Signs
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What is Aya Gold & Silver ROE %?

Aya Gold & Silver TSX:AYA +8.61% 80 ROE % is 44.22% as of Mar. 2026. GuruFocus rates TSX:AYA with a GF Score™ of 80/100 and a GF Value™ of C$68.00 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,389 Metals & Mining companies, Aya Gold & Silver ranks better than 90.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aya Gold & Silver's annualized net income for the quarter that ended in Mar. 2026 was C$265.2 Mil. Aya Gold & Silver's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was C$599.7 Mil. Therefore, Aya Gold & Silver's annualized ROE % for the quarter that ended in Mar. 2026 was 44.22%.

The historical rank and industry rank for Aya Gold & Silver's ROE % or its related term are showing as below:

TSX:AYA' s ROE % Range Over the Past 10 Years
Min: -37.98   Med: -3.05   Max: 22.54
Current: 22.54

During the past 13 years, Aya Gold & Silver's highest ROE % was 22.54%. The lowest was -37.98%. And the median was -3.05%.

TSX:AYA's ROE % is ranked better than
90.21% of 2389 companies
in the Metals & Mining industry
Industry Median: -16.02 vs TSX:AYA: 22.54

Aya Gold & Silver  (TSX:AYA) 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
=265.228/599.7365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(265.228 / 643.6)*(643.6 / 887.3915)*(887.3915 / 599.7365)
=Net Margin %*Asset Turnover*Equity Multiplier
=41.21 %*0.7253*1.4796
=ROA %*Equity Multiplier
=29.89 %*1.4796
=44.22 %

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
=265.228/599.7365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (265.228 / 418.68) * (418.68 / 425.788) * (425.788 / 643.6) * (643.6 / 887.3915) * (887.3915 / 599.7365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6335 * 0.9833 * 66.16 % * 0.7253 * 1.4796
=44.22 %

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.


Aya Gold & Silver ROE % Related Terms


Aya Gold & Silver ROE % Historical Data

* Premium members only.

The historical data trend for Aya Gold & Silver'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.

Aya Gold & Silver ROE % Chart

Aya Gold & Silver 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 -0.32 0.37 3.16 -9.52 13.64

Aya Gold & Silver 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 10.99 10.69 12.73 17.15 44.22

TSX:AYA vs EXK: ROE % Comparison

For the Silver subindustry, Aya Gold & Silver'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.


Aya Gold & Silver ROE % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aya Gold & Silver's ROE % distribution charts can be found below:

* The bar in red indicates where Aya Gold & Silver's ROE % falls into.


TSX:AYA
80GF Score
Aya Gold & Silver Inc TSX:AYA
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aya Gold & Silver ROE % Calculation

Aya Gold & Silver'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 )
=62.846/( (351.154+570.632)/ 2 )
=62.846/460.893
=13.64 %

Aya Gold & Silver'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 )
=265.228/( (570.632+628.841)/ 2 )
=265.228/599.7365
=44.22 %

* 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 44.22% mean?
Aya Gold & Silver (TSX:AYA) has a ROE % of 44.22% 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 Aya Gold & Silver and its competitors. According to the industry distribution chart, Aya Gold & Silver ranks #234 out of 2389 companies in the Metals & Mining industry, placing it in the top 9.8%.
Is Aya Gold & Silver's ROE % too high?
Aya Gold & Silver's current ROE % is 44.22%. Based on the distribution chart, Aya Gold & Silver ranks #234 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Aya Gold & Silver has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aya Gold & Silver's ROE % compare to EXK?
According to the Metals & Mining industry distribution chart, Aya Gold & Silver ranks #234 out of 2389 companies for ROE %. This places Aya Gold & Silver in the top 10% 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 Aya Gold & Silver and its competitors. Aya Gold & Silver's current ROE % is 44.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aya Gold & Silver stock overvalued right now?
Based on GuruFocus' analysis, Aya Gold & Silver (TSX:AYA) is currently considered Possible Value Trap. The stock's GF Value™ is C$68.00, compared to a current price of C$28.13 — trading 58.6% below its estimated fair value. The current ROE % is 44.22%. Aya Gold & Silver's overall GF Score™ is 80/100 with 6 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 Aya Gold & Silver (TSX:AYA), the current ROE % is 44.22% 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 Aya Gold & Silver (TSX:AYA) Overvalued in 2026?

Based on GuruFocus' analysis, Aya Gold & Silver stock appears to be undervalued. The current stock price of C$28.13 is trading 58.6% below its estimated GF Value™ of C$68.00. GuruFocus considers Aya Gold & Silver to be Possible Value Trap.

Key valuation signals for TSX:AYA:

  • ROE %: 44.22%
  • GF Value™: C$68.00 vs. price of C$28.13 (58.6% below fair value)
  • GF Score™: 80/100 with 6 warning signs

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


Aya Gold & Silver Business Description

Other Exchanges AYA:USA0HE:Germany
Address 1320 Graham Boulevard, Suite 132, Mont-Royal, QC, CAN, H3P 3C8
Aya Gold & Silver Inc is a Canadian-based precious metals mining corporation active across the full mining life-cycle, from discovery and development through to production. It operates in Morocco. The company's flagship asset is the Zgounder Silver Mine, recognized for its rare, high-grade silver mineralization. The mine is located along the Anti-Atlas fault, one of North Africa's geologically rich and underexplored regions, known for hosting silver, gold, and base metal deposits. Aya also owns an 85% interest in the Boumadine polymetallic project, which is currently at the exploration and evaluation stage. It operates in single segment of mining industry and its products are precious metals ingots and concentrate which are refined or smelted into pure silver and sold to metal brokers.
80GF Score

Get the complete analysis for TSX:AYA

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

C$28.13
Price
C$68.00
GF Value