Steppe Gold (TSX:STGO) Tax Rate %: 23.78% (As of Mar. 2026)

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TSX:STGO Steppe Gold Ltd TSX:STGO
78 GF Score
Price C$1.24
GF Value C$1.09
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Steppe Gold Tax Rate %?

Steppe Gold TSX:STGO +0.81% 78 Tax Rate % is 23.78% as of Mar. 2026. GuruFocus rates TSX:STGO with a GF Score™ of 78/100 and a GF Value™ of C$1.09 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Steppe Gold's Tax Expense for the three months ended in Mar. 2026 was C$8.2 Mil. Steppe Gold's Pre-Tax Income for the three months ended in Mar. 2026 was C$34.6 Mil. Therefore, Steppe Gold's Tax Rate % for the quarter that ended in Mar. 2026 was 23.78%.

Steppe Gold Tax Rate % Related Terms

Steppe Gold Tax Rate % Historical Data

* Premium members only.

The historical data trend for Steppe Gold'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.

Steppe Gold Tax Rate % Chart

Steppe Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 10.40 22.03 23.47 52.11

Steppe Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 27.38 21.38 26.51 73.61 23.78
TSX:STGO
78GF Score
Steppe Gold Ltd TSX:STGO
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Steppe Gold Tax Rate % Calculation

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

Steppe Gold's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=49.074/94.181
=52.11 %

Steppe Gold's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=8.218/34.562
=23.78 %

* 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 23.78% mean?
Steppe Gold (TSX:STGO) has a Tax Rate % of 23.78% as of Mar. 2026.
Is Steppe Gold's Tax Rate % too high?
Steppe Gold's current Tax Rate % is 23.78%. Overall, Steppe Gold has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's Tax Rate % compare to NEM and AU?
Steppe Gold's Tax Rate % of 23.78% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Tax Rate % depends on the Metals & Mining 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. Steppe Gold's current Tax Rate % is 23.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Modestly Overvalued. The stock's GF Value™ is C$1.09, compared to a current price of C$1.24 — trading 13.8% above its estimated fair value. The current Tax Rate % is 23.78%. Steppe Gold's overall GF Score™ is 78/100 with 3 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 Steppe Gold (TSX:STGO), the current Tax Rate % is 23.78% 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 Steppe Gold (TSX:STGO) Overvalued in 2026?

Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued. The current stock price of C$1.24 is trading 13.8% above its estimated GF Value™ of C$1.09. GuruFocus considers Steppe Gold to be Modestly Overvalued.

Key valuation signals for TSX:STGO:

  • Tax Rate %: 23.78%
  • GF Value™: C$1.09 vs. price of C$1.24 (13.8% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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

Steppe Gold Business Description

Other Exchanges STPGF:USA2J9:Germany
Address Peace Avenue 17, 7th floor, Blue Sky Tower, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
78GF Score

Get the complete analysis for TSX:STGO

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

C$1.24
Price
C$1.09
GF Value