U.S. GoldMining Inc. (USGO) Key Metrics
USGO valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $77.8M
- Enterprise value
- $92.0M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- —
- Price / book
- 11.4 10-yr median 16.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.97
USGO key metrics, FY2020–FY2025
Fiscal year ended November 30, 2025 · U.S. dollarsUSGO valuation Price multiples at each fiscal year-end price.
USGO returns How much profit the business earns on the capital it uses.
USGO per-share figures Results divided by the shares outstanding at year-end.
USGO financial health Debt, liquidity and how easily interest is covered.
USGO efficiency & capital use Working capital cycle and where the cash goes.
USGO valuation history
USGO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
USGO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
USGO price vs earnings per share
USGO key metrics
FY2020–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $125.5M | $150.4M | $94.9M | — | — | — |
| Enterprise value | $99.3M | $146.6M | $83.6M | — | — | — |
| Price / book | 16.5 | 33.8 | 7.8 | — | — | — |
| Earnings yield | −5.6% | −5.6% | −9.9% | — | — | — |
| Free cash flow yield | −4.7% | −5.3% | −11.0% | — | — | — |
| Share price at fiscal year-end | $9.87 | $12.12 | $7.65 | — | — | — |
| Per share | ||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Earnings per share | −$0.55 | −$0.68 | −$0.75 | −$0.14 | −$0.06 | −$0.05 |
| Operating cash flow per share | −$0.46 | −$0.62 | −$0.76 | −$0.11 | −$0.05 | −$0.04 |
| Free cash flow per share | −$0.46 | −$0.64 | −$0.84 | −$0.11 | −$0.05 | −$0.04 |
| Cash per share | $2.07 | $0.31 | $0.92 | $0.00 | $0.00 | $0.00 |
| Book value per share | $0.60 | $0.36 | $0.98 | −$0.11 | −$0.02 | $0.01 |
| Tangible book value per share | $0.60 | $0.36 | $0.98 | −$0.11 | −$0.02 | $0.01 |
| Capex per share | $0.00 | $0.01 | $0.08 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.01 | $0.01 | $0.01 | $0.06 | $0.04 | $0.04 |
| Shares outstanding | 12.7M | 12.4M | 12.4M | 12.1M | 12.1M | 12.1M |
| Change in shares outstanding | +2.5% | +0.1% | +2.2% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −116.0% | −101.9% | −171.2% | — | — | −969.8% |
| Return on invested capital (ROIC) | — | −867.1% | — | — | −142.0% | −85.3% |
| Return on assets (ROA) | −102.8% | −93.4% | −141.2% | −519.5% | −117.7% | −79.9% |
| Return on tangible assets | −82.8% | −164.8% | −71.8% | −757.2% | −158.6% | −79.9% |
| Financial health | ||||||
| Total debt | $88,392 | $109,394 | $135,355 | $677,783 | $494,481 | $494,481 |
| Cash & short-term investments | $26.3M | $3.9M | $11.4M | $54,508 | $5,630 | $4,445 |
| Net debt | −$26.2M | −$3.8M | −$11.3M | $623,275 | $488,851 | $490,036 |
| Debt / equity | 0.01 | 0.02 | 0.01 | — | — | 8.06 |
| Debt / assets | 0.01 | 0.02 | 0.01 | 2.95 | 1.12 | 0.66 |
| Current ratio | 13.57 | 9.80 | 23.40 | 0.18 | 0.05 | 0.02 |
| Quick ratio | 13.52 | 9.72 | 23.35 | 0.10 | 0.05 | 0.02 |
| Working capital | $7.0M | $3.7M | $11.5M | −$1.1M | −$474,839 | −$482,986 |
| Invested capital | −$18.6M | $673,782 | $946,728 | −$659,996 | $224,519 | $551,387 |
| Tangible asset value | $7.6M | $4.4M | $12.2M | −$1.3M | −$264,332 | $61,351 |
| Net current asset value | $6.7M | $3.4M | $11.2M | −$1.3M | −$681,455 | −$671,986 |
| Graham net-net per share | $2.01 | $0.26 | $0.86 | −$0.11 | −$0.06 | −$0.06 |
| Capital allocation | ||||||
| Capex / depreciation | 0.00 | 1.19 | 18.83 | 0.00 | 0.00 | 0.00 |
| Efficiency | ||||||
| Days of inventory on hand | 79.9 | 90.2 | 428.7 | 1,799.5 | — | — |
| Days payables outstanding | 514.4 | 556.9 | 2,330.3 | 4,418.2 | 0.3 | 0.0 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Payables turnover | 0.71 | 0.66 | 0.16 | 0.08 | 1,409.28 | — |
| Inventory turnover | 4.57 | 4.04 | 0.85 | 0.20 | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | $31,722 | $61,266 | $91,556 | $68,000 | — | — |
| Average payables | $204,536 | $191,614 | $332,052 | $233,076 | $12 | $0 |
| Average inventory | $31,751 | $31,054 | $61,090 | $94,932 | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from USGO's annual financial statements (latest annual report filed March 20, 2026) 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.
USGO valuation and financial ratios
U.S. GoldMining earned a return on equity of −116.0% in fiscal 2025. It ended the year with $0.1 million of debt and $26.3 million in cash and short-term investments, a net cash position of $26.2 million. The share count rose 4.8% from 12.1M to 12.7M over 5 years.
See the USGO income statement, the USGO chart for price history, or the USGO stock overview for the latest quote and news.
USGO key metrics FAQ
What is U.S. GoldMining's return on equity?
U.S. GoldMining's return on equity (ROE) was −116.0% in fiscal 2025: net income of -$7.0 million on average shareholders' equity of $6.0 million.
How much debt does U.S. GoldMining have?
U.S. GoldMining had total debt of $0.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is U.S. GoldMining's free cash flow yield?
U.S. GoldMining generated -$5.8 million of free cash flow in fiscal 2025, a free cash flow yield of −4.7% on its market value at year-end ($125.5 million).
What is U.S. GoldMining's current ratio?
U.S. GoldMining's current ratio was 13.57 at the end of fiscal 2025: current assets were 13.57 times current liabilities.