Harmony Gold Mining Co (BUE:HMY) Beta: N/A (As of Jun. 26, 2026)


BUE:HMY Harmony Gold Mining Co Ltd BUE:HMY
85 GF Score
Price ARS23,390.00
GF Value ARS26,392.49
Valuation Modestly Undervalued
View Full Analysis

What is Harmony Gold Mining Co Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Harmony Gold Mining Co's Beta is Not available.

Harmony Gold Mining Co  (BUE:HMY) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Harmony Gold Mining Co Beta Related Terms

Harmony Gold Mining Co Beta Historical Data

* Premium members only.

The historical data trend for Harmony Gold Mining Co's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Harmony Gold Mining Co Beta Chart

Harmony Gold Mining Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Harmony Gold Mining Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
BUE:HMY
85GF Score
Harmony Gold Mining Co Ltd BUE:HMY
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harmony Gold Mining Co Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Is Harmony Gold Mining Co (BUE:HMY) Overvalued in 2026?

Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued. The current stock price of ARS23,390.00 is trading 11.4% below its estimated GF Value™ of ARS26,392.49. GuruFocus considers Harmony Gold Mining Co to be Modestly Undervalued.

Key valuation signals for BUE:HMY:

  • Beta: N/A
  • GF Value™: ARS26,392.49 vs. price of ARS23,390.00 (11.4% below fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the BUE:HMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Harmony Gold Mining Co Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
85GF Score

Get the complete analysis for BUE:HMY

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS23,390.00
Price
ARS26,392.49
GF Value