# Trilogy Metals Inc. (TMQ) fundamentals

Data as of 2026-11-04. AMEX, United States. Sector: Basic Materials / Mining & Metals. Price $2.19, market value $397 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Trilogy Metals Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -1.4%** (5-yr avg -2.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Return on equity: -34.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -13.1%**. Return on all capital, debt included, is -13.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -27.0%**. Each dollar of assets produces -27.0% of profit.

## Growth
- **EPS growth (1 yr): -384.2%**. Earnings per share fell 384.2%.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 5.4×**. It would take 5.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.57** (quick 1.57). Current assets cover the next year's liabilities 1.57 times.
- **Altman Z-score: 8.25**. A Z-score of 8.25 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Trilogy Metals Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Trilogy Metals Inc.; the consensus is buy, with an average price target of $6.64 (+203% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -51.0%** (YTD -49.4%, 3-mo -31.9%). The shares are down 51.0% over twelve months including dividends.
- **From 52-week high: -69.8%** (12.9% above the low). Trading 70% 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): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 2.08** (volatility 74%). Beta of 2.08 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TMQ · Page: https://foliofundamentals.com/stocks/tmq

Not investment advice.