MTGRF (MGX Resources) Tax Rate %: -1.94% (As of Dec. 2025)

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MTGRF MGX Resources Ltd MTGRF
40 GF Score
Price $0.26
GF Value $0.24
! 2 Warning Signs
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What is MGX Resources Tax Rate %?

MGX Resources MTGRF 40 Tax Rate % is -1.94% as of Dec. 2025. GuruFocus rates MTGRF with a GF Score™ of 40/100 and a GF Value™ of $0.24. The stock has 2 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MGX Resources's Tax Expense for the six months ended in Dec. 2025 was $0.3 Mil. MGX Resources's Pre-Tax Income for the six months ended in Dec. 2025 was $-13.6 Mil. Therefore, MGX Resources's Tax Rate % for the quarter that ended in Dec. 2025 was -1.94%.

MGX Resources Tax Rate % Related Terms

MGX Resources Tax Rate % Historical Data

* Premium members only.

The historical data trend for MGX Resources's Tax Rate % 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.

MGX Resources Tax Rate % Chart

MGX Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.53 29.86 82.99 87.74 -17.01

MGX Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Tax Rate % 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 20.76 -7.89 -21.94 8.28 -1.94
MTGRF
40GF Score
MGX Resources Ltd MTGRF
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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MGX Resources Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MGX Resources's Tax Rate % for the fiscal year that ended in Jun. 2025 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2025 )/Pre-Tax Income (A: Jun. 2025 )
=7.78/-45.73
=-17.01 %

MGX Resources's Tax Rate % for the quarter that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2025 )/Pre-Tax Income (Q: Dec. 2025 )
=0.264/-13.585
=-1.94 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -1.94% mean?
MGX Resources (MTGRF) has a Tax Rate % of -1.94% as of Dec. 2025.
Is MGX Resources' Tax Rate % too high?
MGX Resources' current Tax Rate % is -1.94%. Overall, MGX Resources has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' Tax Rate % compare to NUE and STLD?
MGX Resources' Tax Rate % of -1.94% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Steel company?
A good Tax Rate % depends on the Steel industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. MGX Resources's current Tax Rate % is -1.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
MGX Resources (MTGRF) has a current Tax Rate % of -1.94%. The stock's GF Value™ is $0.24, compared to a current price of $0.26 — trading 7.7% above its estimated fair value. The current Tax Rate % is -1.94%. MGX Resources' overall GF Score™ is 40/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For MGX Resources (MTGRF), the current Tax Rate % is -1.94% as of Dec. 2025. 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 MGX Resources (MTGRF) Overvalued in 2026?

Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued. The current stock price of $0.26 is trading 7.7% above its estimated GF Value™ of $0.24.

Key valuation signals for MTGRF:

  • Tax Rate %: -1.94%
  • GF Value™: $0.24 vs. price of $0.26 (7.7% above fair value)
  • GF Score™: 40/100 with 2 warning signs

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

MGX Resources Business Description

Other Exchanges MGX:Australia
Address 2 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
40GF Score

Get the complete analysis for MTGRF

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

$0.26
Price
$0.24
GF Value