Gemfields Group (JSE:GML) Construction In Progress: R1,396 Mil (As of Dec. 2025)


JSE:GML Gemfields Group Ltd JSE:GML
70 GF Score
Price R0.80
GF Value R1.28
Valuation Possible Value Trap
! 4 Warning Signs
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What is Gemfields Group Construction In Progress?

Gemfields Group JSE:GML -5.88% 70 Construction In Progress is R1,396 Mil as of Dec. 2025. GuruFocus rates JSE:GML with a GF Score™ of 70/100 and a GF Value™ of R1.28 (Possible Value Trap). The stock has 4 warning signs investors should review.

Gemfields Group's quarterly construction in progress declined from Dec. 2024 (R977 Mil) to Jun. 2025 (R0 Mil) but then increased from Jun. 2025 (R0 Mil) to Dec. 2025 (R1,396 Mil).

Gemfields Group's annual construction in progress increased from Dec. 2023 (R288 Mil) to Dec. 2024 (R977 Mil) and increased from Dec. 2024 (R977 Mil) to Dec. 2025 (R1,396 Mil).

Gemfields Group Construction In Progress Historical Data

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The historical data trend for Gemfields Group's Construction In Progress 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.

Gemfields Group Construction In Progress Chart

Gemfields Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 288.40 977.21 1,396.41

Gemfields Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress 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 288.40 0.00 977.21 0.00 1,396.41
JSE:GML
70GF Score
Gemfields Group Ltd JSE:GML
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Gemfields Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of R1,396 Mil mean?
Gemfields Group (JSE:GML) has a Construction In Progress of R1,396 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Gemfields Group and its competitors.
Is Gemfields Group's Construction In Progress too high?
Gemfields Group's current Construction In Progress is R1,396 Mil. Overall, Gemfields Group has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gemfields Group's Construction In Progress compare to HL?
Gemfields Group's Construction In Progress of R1,396 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Metals & Mining company?
A good Construction In Progress depends on the Metals & Mining industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Gemfields Group and its competitors. Gemfields Group's current Construction In Progress is R1,396 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemfields Group stock overvalued right now?
Based on GuruFocus' analysis, Gemfields Group (JSE:GML) is currently considered Possible Value Trap. The stock's GF Value™ is R1.28, compared to a current price of R0.80 — trading 37.5% below its estimated fair value. The current Construction In Progress is R1,396 Mil. Gemfields Group's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Gemfields Group (JSE:GML), the current Construction In Progress is R1,396 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gemfields Group (JSE:GML) Overvalued in 2026?

Based on GuruFocus' analysis, Gemfields Group stock appears to be undervalued. The current stock price of R0.80 is trading 37.5% below its estimated GF Value™ of R1.28. GuruFocus considers Gemfields Group to be Possible Value Trap.

Key valuation signals for JSE:GML:

  • Construction In Progress: R1,396 Mil
  • GF Value™: R1.28 vs. price of R0.80 (37.5% below fair value)
  • GF Score™: 70/100 with 4 warning signs

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

Gemfields Group Business Description

Other Exchanges PLLHF:USAGEM:UK5PH:Germany
Address St Julian’s Avenue, Royal Chambers, PO Box 186, St Peter Port, GGY, GY1 4HP
Gemfields Group Ltd is a miner of coloured gemstones. The company is the operator and owner of both Kagem Mining Limited (Kagem) in Zambia and Montepuez Ruby Mining (MRM) in Mozambique. In addition, it holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, and Madagascar. Its operating segments include Kagem Mining Limited, its emerald and beryl mine, in Zambia, Africa; Montepuez Ruby Mining Limitada, its ruby and corundum mine, in Mozambique, Africa; Development assets comprises exploration activities in Africa and projects in Ethiopia and Madagascar; Corporate, and Others. It derives the majority of the revenue from the Kagem segment.
70GF Score

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

R0.80
Price
R1.28
GF Value