# Torex Gold Resources Inc. (TXG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$69.58, market value C$6.4 billion.

## Valuation
- **P/E (trailing): 7.7×** (5-yr avg 10.6×, 3-yr avg 12.8×). Torex Gold Resources Inc. trades at 7.7× trailing earnings, well below its own five-year average of 10.6×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 7.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.5×**. Enterprise value is 4.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.0%** (5-yr avg 0.3%). Free cash flow equals 12.0% of the market value, above its five-year average of 0.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 12.9%**. The inverse of the P/E: 12.9% of the price is earned each year.

## Profitability
- **Gross margin: 50.7%**. Torex Gold Resources Inc. keeps 50.7% of revenue after the direct cost of what it sells.
- **Operating margin: 46.4%**. 46.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 30.9%**. 30.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.9%**. 16.9% on shareholders' equity is solid.
- **Return on invested capital: 24.5%**. Return on all capital, debt included, is 24.5%: comfortably above what that capital costs.
- **Return on assets: 20.0%**. Each dollar of assets produces 20.0% of profit.

## Growth
- **Revenue growth (1 yr): 19.1%** (3-yr 15.2%/yr, 5-yr 11.0%/yr). Revenue grew 19.1% over the last year, against 11.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 196.8%** (3-yr 28.1%/yr, 5-yr 29.8%/yr). Earnings per share rose 196.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -5.1%/yr**. Free cash flow has compounded at -5.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.08**. Debt is 0.08 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.16** (quick 0.69). Current assets cover the next year's liabilities 1.16 times.
- **Altman Z-score: 8.65**. A Z-score of 8.65 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.92%** (C$0.64 per share, trailing). Torex Gold Resources Inc. yields 0.92%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 3%** (6% of free cash flow). 3% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Shareholder yield: 5.0%**. Dividends plus net buybacks return 5.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 41.4%** (YTD 6.7%, 3-mo 24.2%). The shares are up 41.4% over twelve months including dividends.
- **From 52-week high: -18.1%** (36.7% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 2.99** (volatility 60%). Beta of 2.99 against the S&P/TSX Composite: the shares move much more than the market.

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

Not investment advice.