TRX Gold Corporation (TRX) Key Metrics
TRX valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $343.8M
- Enterprise value
- $447.6M
- P/E (TTM)
- —
- Forward P/E
- 14.4
- PEG ratio
- 1.00
- Price / sales
- 3.0 10-yr median 1.5
- Price / book
- 5.3 10-yr median 1.1
- EV / EBITDA
- 14.7 10-yr median 3.8
- Dividend yield
- —
- Beta
- 1.08
TRX key metrics, FY2023–FY2025
Fiscal year ended August 31, 2025 · U.S. dollarsTRX valuation Price multiples at each fiscal year-end price.
TRX returns How much profit the business earns on the capital it uses.
TRX per-share figures Results divided by the shares outstanding at year-end.
TRX financial health Debt, liquidity and how easily interest is covered.
TRX efficiency & capital use Working capital cycle and where the cash goes.
TRX valuation history
TRX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TRX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TRX cash returned to shareholders
TRX price vs earnings per share
TRX key metrics
FY2023–FY2025| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $109.3M | $113.4M | $113.0M |
| Enterprise value | $99.9M | $100.7M | $99.2M |
| P/E ratio | 115.8 | — | 27.5 |
| Price / sales | 1.4 | 1.5 | 1.6 |
| Price / book | 1.0 | 1.1 | 1.1 |
| Price / free cash flow | 42.4 | 51.3 | — |
| Price / operating cash flow | 6.7 | 5.5 | 4.8 |
| EV / sales | 1.3 | 1.3 | 1.4 |
| EV / EBITDA | 3.8 | 3.9 | 3.6 |
| EV / free cash flow | 38.8 | 45.6 | — |
| Earnings yield | 0.9% | −0.6% | 3.6% |
| Free cash flow yield | 2.4% | 1.9% | −0.6% |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.0% | 0.0% |
| Share price at fiscal year-end | $0.37 | $0.39 | $0.39 |
| Per share | |||
| Revenue per share | $0.27 | $0.26 | $0.24 |
| Earnings per share | $0.00 | −$0.00 | $0.01 |
| Operating cash flow per share | $0.06 | $0.07 | $0.08 |
| Free cash flow per share | $0.01 | $0.01 | −$0.00 |
| Cash per share | $0.05 | $0.05 | $0.05 |
| Book value per share | $0.37 | $0.34 | $0.34 |
| Tangible book value per share | $0.37 | $0.34 | $0.34 |
| Capex per share | $0.05 | $0.06 | $0.08 |
| Debt per share | $0.02 | $0.01 | $0.00 |
| Shares outstanding | 295.3M | 290.8M | 288.5M |
| Change in shares outstanding | +1.5% | +0.8% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 0.9% | −0.7% | 4.2% |
| Return on invested capital (ROIC) | 11.7% | 11.8% | 11.3% |
| Return on assets (ROA) | 0.5% | −0.4% | 2.5% |
| Return on tangible assets | 0.4% | −0.4% | 2.5% |
| Free cash flow margin | 3.3% | 2.9% | −0.9% |
| Income quality (OCF / net income) | 17.25 | — | 5.71 |
| Financial health | |||
| Total debt | $5.3M | $2.4M | $185,463 |
| Cash & short-term investments | $14.6M | $15.1M | $14.0M |
| Net debt | −$9.4M | −$12.7M | −$13.8M |
| Debt / equity | 0.05 | 0.02 | 0.00 |
| Debt / assets | 0.02 | 0.01 | 0.00 |
| Net debt / EBITDA | −0.36 | −0.49 | −0.50 |
| Current ratio | 1.04 | 0.80 | 0.93 |
| Quick ratio | 0.51 | 0.51 | 0.65 |
| Interest coverage | 40.2 | 7.5 | 8.4 |
| Working capital | $2.0M | −$7.6M | −$2.4M |
| Invested capital | $98.6M | $87.0M | $85.2M |
| Tangible asset value | $140.7M | $120.0M | $112.1M |
| Net current asset value | −$32.8M | −$33.8M | −$25.4M |
| Graham number | $0.16 | — | $0.33 |
| Graham net-net per share | −$0.17 | −$0.14 | −$0.11 |
| Capital allocation | |||
| Share buybacks (net) | $1.0M | $0 | $0 |
| Dividends + buybacks / free cash flow | 38.8% | 0.0% | — |
| Capex / revenue | 17.3% | 24.4% | 34.4% |
| Capex / operating cash flow | 84.2% | 89.3% | 102.7% |
| Capex / depreciation | 2.47 | 6.01 | 13.00 |
| Stock-based compensation / revenue | 3.1% | 3.6% | 5.2% |
| SG&A / revenue | 13.7% | 12.3% | 14.7% |
| Efficiency | |||
| Days sales outstanding | 24.8 | 22.5 | 30.0 |
| Days of inventory on hand | 141.6 | 87.0 | 88.8 |
| Days payables outstanding | 209.8 | 210.4 | 207.1 |
| Cash conversion cycle (days) | -43.5 | -100.9 | -88.3 |
| Receivables turnover | 14.72 | 16.19 | 12.15 |
| Payables turnover | 1.74 | 1.73 | 1.76 |
| Inventory turnover | 2.58 | 4.20 | 4.11 |
| Asset turnover | 0.39 | 0.43 | 0.42 |
| Average receivables | $5.4M | $4.7M | $5.8M |
| Average payables | $26.6M | $24.7M | $21.2M |
| Average inventory | $17.9M | $10.2M | $9.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% |
Computed from TRX's annual financial statements (latest annual report filed December 1, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TRX valuation and financial ratios
At the end of fiscal 2025 (August 31, 2025), TRX Gold traded at 115.8 times earnings. TRX Gold earned a return on equity of 0.9% and a return on invested capital of 11.7% in fiscal 2025. It ended the year with $5.3 million of debt and $14.6 million in cash and short-term investments, a net cash position of $9.4 million. It returned $1.0 million to shareholders: $0 in dividends and $1.0 million in share buybacks, 39% of free cash flow.
See the TRX income statement, the TRX chart for price history, or the TRX stock overview for the latest quote and news.
TRX key metrics FAQ
What is TRX Gold's P/E ratio?
TRX Gold traded at 115.8 times earnings at the end of fiscal 2025.
What is TRX Gold's EV/EBITDA?
TRX Gold's enterprise value was 3.8 times EBITDA at the end of fiscal 2025 (enterprise value $99.9 million, EBITDA $26.0 million); the current EV/EBITDA is 14.7.
What is TRX Gold's return on equity?
TRX Gold's return on equity (ROE) was 0.9% in fiscal 2025: net income of $0.9 million on average shareholders' equity of $103.8 million.
What is TRX Gold's ROIC?
TRX Gold's return on invested capital was 11.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TRX Gold have?
TRX Gold had total debt of $5.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
Does TRX Gold buy back its shares?
Yes. TRX Gold spent $1.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.5% over the year, to 295.3M..
What is TRX Gold's free cash flow yield?
TRX Gold generated $2.6 million of free cash flow in fiscal 2025, a free cash flow yield of 2.4% on its market value at year-end ($109.3 million).
What is TRX Gold's current ratio?
TRX Gold's current ratio was 1.04 at the end of fiscal 2025: current assets were 1.04 times current liabilities.