HMY PE Ratio & Valuation,Is HMY Overvalued

HMY Relative Valuation

HMY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, HMY is overvalued; if below, it's undervalued.

Historical Valuation

Harmony Gold Mining Company Ltd (HMY) is now in the Fair zone, suggesting that its current forward PE ratio of 6.97 is considered Fairly compared with the five-year average of 9.01. The fair price of Harmony Gold Mining Company Ltd (HMY) is between 20.28 to 39.05 according to relative valuation methord.

Relative Value

Fair Zone

20.28-39.05

Current Price：20.40

Fair

6.97

4.11

EV/EBITDA

Harmony Gold Mining Company Ltd. (HMY) has a current EV/EBITDA of 4.11. The 5-year average EV/EBITDA is 3.68. The thresholds are as follows: Strongly Undervalued below 2.27, Undervalued between 2.27 and 2.97, Fairly Valued between 4.38 and 2.97, Overvalued between 4.38 and 5.09, and Strongly Overvalued above 5.09. The current Forward EV/EBITDA of 4.11 falls within the Historic Trend Line -Fairly Valued range.

5.10

EV/EBIT

Harmony Gold Mining Company Ltd. (HMY) has a current EV/EBIT of 5.10. The 5-year average EV/EBIT is 5.23. The thresholds are as follows: Strongly Undervalued below 2.74, Undervalued between 2.74 and 3.99, Fairly Valued between 6.48 and 3.99, Overvalued between 6.48 and 7.73, and Strongly Overvalued above 7.73. The current Forward EV/EBIT of 5.10 falls within the Historic Trend Line -Fairly Valued range.

2.18

Harmony Gold Mining Company Ltd. (HMY) has a current PS of 2.18. The 5-year average PS is 1.17. The thresholds are as follows: Strongly Undervalued below 0.22, Undervalued between 0.22 and 0.70, Fairly Valued between 1.65 and 0.70, Overvalued between 1.65 and 2.12, and Strongly Overvalued above 2.12. The current Forward PS of 2.18 falls within the Strongly Overvalued range.

7.04

P/OCF

Harmony Gold Mining Company Ltd. (HMY) has a current P/OCF of 7.04. The 5-year average P/OCF is 4.54. The thresholds are as follows: Strongly Undervalued below 2.18, Undervalued between 2.18 and 3.36, Fairly Valued between 5.72 and 3.36, Overvalued between 5.72 and 6.90, and Strongly Overvalued above 6.90. The current Forward P/OCF of 7.04 falls within the Strongly Overvalued range.

12.04

P/FCF

Harmony Gold Mining Company Ltd. (HMY) has a current P/FCF of 12.04. The 5-year average P/FCF is 12.62. The thresholds are as follows: Strongly Undervalued below -22.73, Undervalued between -22.73 and -5.05, Fairly Valued between 30.29 and -5.05, Overvalued between 30.29 and 47.97, and Strongly Overvalued above 47.97. The current Forward P/FCF of 12.04 falls within the Historic Trend Line -Fairly Valued range.

Harmony Gold Mining Company Ltd (HMY) has a current Price-to-Book (P/B) ratio of 4.59. Compared to its 3-year average P/B ratio of 2.44 , the current P/B ratio is approximately 88.60% higher. Relative to its 5-year average P/B ratio of 1.93, the current P/B ratio is about 138.38% higher. Harmony Gold Mining Company Ltd (HMY) has a Forward Free Cash Flow (FCF) yield of approximately 4.87%. Compared to its 3-year average FCF yield of 5.31%, the current FCF yield is approximately -8.44% lower. Relative to its 5-year average FCF yield of 5.02% , the current FCF yield is about -3.07% lower.

4.59

P/B

Median3y

2.44

Median5y

1.93

4.87

FCF Yield

Median3y

5.31

Median5y

5.02

Competitors Valuation Multiple

The average P/S ratio for HMY's competitors is 5.94, providing a benchmark for relative valuation. Harmony Gold Mining Company Ltd Corp (HMY) exhibits a P/S ratio of 2.18, which is -63.38% above the industry average. Given its robust revenue growth of %, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of HMY increased by 0.00% over the past 1 year. The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00%to the performance.

Overall, the performance of HMY in the past 1 year is driven by Unknown.

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Frequently Asked Questions

Is Harmony Gold Mining Company Ltd (HMY) currently overvalued or undervalued?

What is Harmony Gold Mining Company Ltd (HMY) fair value?

HMY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Harmony Gold Mining Company Ltd (HMY) is between 20.28 to 39.05 according to relative valuation methord.

How does HMY's valuation metrics compare to the industry average?

What is the current P/B ratio for Harmony Gold Mining Company Ltd (HMY) as of Dec 15 2025?

As of Dec 15 2025, Harmony Gold Mining Company Ltd (HMY) has a P/B ratio of 4.59. This indicates that the market values HMY at 4.59 times its book value.

What is the current FCF Yield for Harmony Gold Mining Company Ltd (HMY) as of Dec 15 2025?

As of Dec 15 2025, Harmony Gold Mining Company Ltd (HMY) has a FCF Yield of 4.87%. This means that for every dollar of Harmony Gold Mining Company Ltd’s market capitalization, the company generates 4.87 cents in free cash flow.

What is the current Forward P/E ratio for Harmony Gold Mining Company Ltd (HMY) as of Dec 15 2025?

As of Dec 15 2025, Harmony Gold Mining Company Ltd (HMY) has a Forward P/E ratio of 6.97. This means the market is willing to pay $6.97 for every dollar of Harmony Gold Mining Company Ltd’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Harmony Gold Mining Company Ltd (HMY) as of Dec 15 2025?

As of Dec 15 2025, Harmony Gold Mining Company Ltd (HMY) has a Forward P/S ratio of 2.18. This means the market is valuing HMY at $2.18 for every dollar of expected revenue over the next 12 months.

HMY Valuation