Aurora SpineTSXV:ASG 41 ROE % is -21.82% as of Mar. 2026. GuruFocus rates TSXV:ASG with a GF Score™ of 41/100 and a GF Value™ of C$0.32 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 799 Medical Devices & Instruments companies, Aurora Spine ranks worse than 69.84% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aurora Spine's annualized net income for the quarter that ended in Mar. 2026 was C$-1.12 Mil. Aurora Spine's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was C$5.12 Mil. Therefore, Aurora Spine's annualized ROE % for the quarter that ended in Mar. 2026 was -21.82%.
The historical rank and industry rank for Aurora Spine's ROE % or its related term are showing as below:
TSXV:ASG'
s ROE % Range Over the Past 10 Years
Min: -84.9 Med: -33.08 Max: -2.99
Current: -14.97
During the past 13 years, Aurora Spine's highest ROE % was -2.99%. The lowest was -84.90%. And the median was -33.08%.
TSXV:ASG's ROE % is ranked worse than 69.84% of 799
companies
in the Medical Devices & Instruments industry
Industry Median: 2.42
vs TSXV:ASG: -14.97
Aurora Spine (TSXV:ASG) 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.
Aurora Spine ROE % Related Terms
Aurora Spine ROE % Historical Data
* Premium members only.
The historical data trend for Aurora Spine'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 Medical Devices subindustry, Aurora Spine'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.
Aurora Spine ROE % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Aurora Spine's ROE % distribution charts can be found below:
* The bar in red indicates where Aurora Spine'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.
Aurora Spine (TSXV:ASG) has a ROE % of -21.82% 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 Aurora Spine and its competitors. According to the industry distribution chart, Aurora Spine ranks #558 out of 799 companies in the Medical Devices & Instruments industry, placing it in the top 69.8%.
Is Aurora Spine's ROE % too high?
Aurora Spine's current ROE % is -21.82%. Based on the distribution chart, Aurora Spine ranks #558 out of 799 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Aurora Spine has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aurora Spine's ROE % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Aurora Spine ranks #558 out of 799 companies for ROE %. This places Aurora Spine in the lower half of its industry. The industry median ROE % is 2.42. 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 Medical Devices & Instruments company?
The median ROE % among Medical Devices & Instruments companies is 2.42, based on 799 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 Aurora Spine and its competitors. For the Medical Devices & Instruments industry, the median ROE % is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aurora Spine's current ROE % is -21.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurora Spine stock overvalued right now?
Based on GuruFocus' analysis, Aurora Spine (TSXV:ASG) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.32, compared to a current price of C$0.23 — trading 28.1% below its estimated fair value. The current ROE % is -21.82%. Aurora Spine's overall GF Score™ is 41/100 with 4 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 Aurora Spine (TSXV:ASG), the current ROE % is -21.82% 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 Aurora Spine (TSXV:ASG) Overvalued in 2026?
Based on GuruFocus' analysis, Aurora Spine stock appears to be undervalued.
The current stock price of C$0.23 is trading 28.1% below its estimated GF Value™ of C$0.32.
GuruFocus considers Aurora Spine to be Modestly Undervalued.
Key valuation signals for TSXV:ASG:
ROE %: -21.82%
GF Value™: C$0.32 vs. price of C$0.23 (28.1% below fair value)
No single metric tells the full story. See the TSXV:ASG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aurora Spine Corp is engaged in the development, manufacture, and sale of minimally invasive, interspinous fusion systems and devices. These 510K and patent protected medical devices improve patient outcomes in the area of spine and sacroiliac joint surgical procedures. The company is focused on bringing new solutions to the spinal implant market through a series of minimally invasive, regenerative spinal implant technologies.
41GF Score
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