ASA Gold and Precious Metals Limited (ASA)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with what ASA is: a listed fund holding precious-metals equities and ETFs. That is a commodity-linked portfolio, not a business with a durable competitive moat. Its assets depend on gold, silver, platinum and mining shares, so price swings can be violent. The data as of the 2026-10-13 close show a market cap of $1.2B and a price of $53.96. FairStock's calculations put P/E at 1.40 and P/B at 0.73, meaning the market pays less than book value. ROE is 72.15%, but ROCE is only 0.11%, and the Piotroski F-Score is 1/9—a weak sign for financial strength and operating consistency. The Altman Z-Score is 357.25, though for an asset manager this may not be comparable to an industrial. The Graham Number is $225.10, implying a 76.03% margin of safety, but I treat that cautiously when earnings are likely commodity-driven and the Lynch category is 'none' because there are only 0 years of filed results and three are needed. A 0.15% dividend yield offers little income, and beta of 0.77 suggests lower volatility than the market, but that does not remove metals risk. The 52-week range of $43.20-$83.20 shows the price is closer to its low than high. No revenue or profit growth figures are provided, so growth visibility is poor. The core question: is the discount to book real, or is book value itself volatile? At 0.73 times book, there is potential value, but the weak Piotroski score and missing history demand a large margin of safety. I would want to see book value stability, portfolio turnover, and realized/unrealized gains before trusting the headline P/E.

In plain English: ASA Gold and Precious Metals Limited is a fund that invests in companies involved in gold, silver, platinum, diamonds, and other precious minerals. The figures show strong profitability and a price below the value of its assets on the books, but other financial-health checks are weak and there is very little reported history. The price looks inexpensive compared with those asset and profit figures, though the numbers can swing with metals prices.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer