# Erdene Resource Development Corporation (ERD.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$6.54, market value C$428 million.

## Valuation
- **P/E (trailing): 28.4×** (5-yr avg 1440.0×, 3-yr avg 1440.0×). Erdene Resource Development Corporation trades at 28.4× trailing earnings, well below its own five-year average of 1440.0×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×.
- **Price / book: 4.3×**. The shares trade at 4.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -1.6%** (5-yr avg -1.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 3.5%**. The inverse of the P/E: 3.5% of the price is earned each year.

## Profitability
- **Return on equity: -15.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -12.9%**. Return on all capital, debt included, is -12.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -14.6%**. Each dollar of assets produces -14.6% of profit.

## Growth
- **EPS growth (1 yr): -448.5%**. Earnings per share fell 448.5%.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 3.54** (quick 3.54). Current assets cover the next year's liabilities 3.54 times.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Erdene Resource Development Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -14.2%** (YTD -20.7%, 3-mo 18.3%). The shares are down 14.2% over twelve months including dividends.
- **From 52-week high: -40.3%** (44.1% above the low). Trading 40% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 2.49** (volatility 57%). Beta of 2.49 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ERD.TO · Page: https://foliofundamentals.com/stocks/erd.to

Not investment advice.