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Thunder Mountain Gold Inc (THMG) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Thunder Mountain Gold Inc stock $0.25, price $0.65, that is 61.3% below the price, quality 23 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials US

TM Thunder Mountain Gold Inc logo Thin data Nov 11, 2026

Thunder Mountain Gold Inc

THMG · US
Very expensive, weak quality

Our calculation puts a fair price 61% below what the stock costs today.

Mixed Growth (revenue YoY −62.5 %/yr in USD)
Fair value $0.2503 · Strongly overvalued
Quality 23/100
Negative free cash flow
Trails peers (2/6)
Thin data
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$1.05 $0.0260 Fair Value $0.2503 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range $0.0260 – $1.05 · fair‑value band $0.1878 – $0.3129 · the $0.6460 price screens above the $0.2503 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.

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Company profile

Thunder Mountain Gold, Inc. engages in the exploration and development of mining properties in Nevada and Idaho, the United States. It explores for zinc, silver, gold, and copper deposits, as well as base metals and other commodities.

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The company holds interests in the South Mountain property that includes 18 patented mining claims covering an area of approximately 346 acres; 36 acres of private land; 34 unpatented lode mining claims covering an area of 550 acres; and leased private land covering an area of 489 acres located in the South Mountain Mining District, Owyhee County, Idaho.

It also holds interests in the Trout Creek project, which comprises 26 unpatented claims covering an area of approximately 533 acres located in Lander County, Nevada. Thunder Mountain Gold, Inc. was incorporated in 1935 and is based in Boise, Idaho.

Stock analysis

Thunder Mountain Gold Inc (THMG) currently trades at $0.6460, while our estimate is $0.2503, 61% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $0.1878 (bear) to $0.3129 (bull), the price of $0.6460 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 23/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.

Thunder Mountain Gold Inc reported revenue of $0 in FY2025 versus $800K in FY2021. Reported net income was −$2.8M in FY2025.

Key figures

Market cap $60.2M Micro · EPS (TTM) $−0.0400 · Return on equity −2,574% · Return on assets (EBIT) −44.9% (5-year average) · Revenue (TTM) $75.0K · EPS growth (YoY) −84.6% · Free cash flow −$1.7M.

What moves the price

The share trades about 38% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −61%, THMG screens richer than that median.

Fair Value

Bear $0.1878 Fair Value $0.2503 Bull $0.3129
Price $0.6460 · Downside -61.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 23/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 25
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 90
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 44
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 58
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

THMG screens overvalued: fair value 61% below the price. Compare with PT Amman Mineral Internasional Tbk →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 150 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside −61.3% · Bottom 25%
Profitability
Return on assets −86.0% · Bottom 25%
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Above median

Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper

P/B 42.54× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Sibanye Stillwater Limited SBSW $9.36 $12.73 +36% vs THMG
Hecla Mining Company HL $14.29 $16.21 +13% vs THMG
Triple Flag Precious Metals Corp TFPM $32.15 $32.54 +1% vs THMG
Compañía de Minas Buenaventura S.A. BVN $27.08 $26.98 +0% vs THMG
International Gemological Institute Limited IGIL ₹426.80 ₹338.90 −21% vs THMG
Perpetua Resources Corp PPTA $19.33 $15.34 −21% vs THMG
Sino-Platinum Metals Co 600459 ¥16.98 ¥13.23 −22% vs THMG
China Gold International Resources Corp CGG C$32.07 C$15.00 −53% vs THMG
Artemis Gold Inc ARTG C$40.87 C$15.63 −62% vs THMG
PT Amman Mineral Internasional Tbk AMMN 3,730 IDR 881.70 IDR −76% vs THMG

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Thunder Mountain Gold Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Thunder Mountain Gold Inc Fair Value". https://www.fairvalue-calculator.com/stock/THMG

Frequently asked questions

Is Thunder Mountain Gold Inc (THMG) overvalued or undervalued?
As of Nov 11, 2026, our estimate of fair value is $0.2503 versus a price of $0.6460, about 61% lower (overvalued).
What is the fair value of THMG?
Our estimate for Thunder Mountain Gold Inc is $0.2503 (as of Nov 11, 2026), built from audited fundamentals. The current price: $0.6460.
What is the quality score of THMG?
Thunder Mountain Gold Inc has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Thunder Mountain Gold Inc (THMG)?
Our calculated price target is the estimate of $0.2503 (as of Nov 11, 2026). Cautious scenario $0.1878, optimistic scenario $0.3129. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Thunder Mountain Gold Inc stock forecast for 2026?
Our estimate puts fair value at $0.2503, about 61% lower versus a price of $0.6460 (overvalued). Cautious scenario $0.1878, optimistic scenario $0.3129. The calculation is refreshed regularly with new filings.
What is the revenue of Thunder Mountain Gold Inc (THMG)?
Thunder Mountain Gold Inc reported trailing-twelve-month revenue of about $75.0K (latest available figure, as of Nov 11, 2026).
What is the intrinsic value of Thunder Mountain Gold Inc (THMG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thunder Mountain Gold Inc it is $0.2503 per share (as of Nov 11, 2026), against a price of $0.6460.
Is Thunder Mountain Gold Inc stock overvalued or undervalued in 2026?
As of Nov 11, 2026, THMG trades above its calculated fair value: price $0.6460, fair value $0.2503, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of THMG?
No. The price is what the market pays today ($0.6460); the fair value is what the company's own numbers justify ($0.2503). For Thunder Mountain Gold Inc the two are $0.3957 per share apart. That gap is exactly why we show both numbers side by side.
How much is Thunder Mountain Gold Inc worth?
The market values Thunder Mountain Gold Inc at about $60.2M (market capitalisation, as of Nov 11, 2026). Per share that is $0.6460; our models calculate a fair value of $0.2503 per share.
What do the bullish and bearish scenarios say about THMG?
Our models span a range for Thunder Mountain Gold Inc: cautious scenario $0.1878, base $0.2503, optimistic $0.3129 per share (as of Nov 11, 2026, price $0.6460). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is THMG from its 52-week high?
Thunder Mountain Gold Inc trades at $0.6460, about 38% below its 52-week high of $1.05 and 26% above the low of $0.5110 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $0.2503 is for.
Which stocks are comparable to Thunder Mountain Gold Inc?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Thunder Mountain Gold Inc stock attractive at the current price?
The data as of Nov 11, 2026: price $0.6460, calculated fair value $0.2503 (−61%), Quality Score 23/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Thunder Mountain Gold Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Thunder Mountain Gold Inc (THMG)?
The closing price on Nov 10, 2026 was $0.6460. Our estimate is $0.2503, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thunder Mountain Gold Inc right now?
The price sits above even our optimistic bull case ($0.3129). The favourable scenario is already priced in. Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Thunder Mountain Gold Inc

How large is the market capitalisation of Thunder Mountain Gold Inc (THMG)?
The market capitalisation of Thunder Mountain Gold Inc is $60.2M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Thunder Mountain Gold Inc (THMG)?
Earnings per share at Thunder Mountain Gold Inc are $−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Thunder Mountain Gold Inc (THMG)?
The return on equity (ROE) of Thunder Mountain Gold Inc is −2,574% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Thunder Mountain Gold Inc (THMG)?
On an EBIT basis the return on assets of Thunder Mountain Gold Inc is −44.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast are earnings growing at Thunder Mountain Gold Inc (THMG)?
Earnings per share at Thunder Mountain Gold Inc are growing −84.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thunder Mountain Gold Inc (THMG) generate?
The free cash flow of Thunder Mountain Gold Inc is −$1.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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