Pan African Resources (HAM:RTZ) Cyclically Adjusted PS Ratio: (As of Aug. 20, 2026)

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HAM:RTZ Pan African Resources PLC HAM:RTZ
57 GF Score
Price €1.28
GF Value €0.93
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Pan African Resources Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan African Resources  (HAM:RTZ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Pan African Resources Cyclically Adjusted PS Ratio Related Terms


Pan African Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pan African Resources's Cyclically Adjusted PS Ratio 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.

Pan African Resources Cyclically Adjusted PS Ratio Chart

Pan African Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.76 1.00 1.97 3.18

Pan African Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PS Ratio 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 1.97 0.00 3.18 0.00

HAM:RTZ vs NEM, AU: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Pan African Resources's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pan African Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan African Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pan African Resources's Cyclically Adjusted PS Ratio falls into.


HAM:RTZ
57GF Score
Pan African Resources PLC HAM:RTZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan African Resources Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Pan African Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Pan African Resources's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=0.237/160.9852*160.9852
=0.237

Current CPI (Jun25) = 160.9852.

Pan African Resources Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.105 106.713 0.158
201706 0.092 112.054 0.132
201806 0.069 116.959 0.095
201906 0.100 122.191 0.132
202006 0.126 124.807 0.163
202106 0.159 131.113 0.195
202206 0.185 140.835 0.211
202306 0.154 148.802 0.167
202406 0.181 156.269 0.186
202506 0.237 160.985 0.237

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Pan African Resources (HAM:RTZ) Overvalued in 2026?

Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued. The current stock price of €1.28 is trading 37.6% above its estimated GF Value™ of €0.93. GuruFocus considers Pan African Resources to be Significantly Overvalued.

Key valuation signals for HAM:RTZ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.93 vs. price of €1.28 (37.6% above fair value)
  • GF Score™: 57/100 with 3 warning signs

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


Pan African Resources Business Description

Address Corner Cradock and Biermann Avenues, 2nd Floor, Office 204, The Firs Building, Rosebank, Johannesburg, GT, ZAF, 2196
Pan African Resources PLC is engaged in gold mining and exploration activities. The group owns and operates a portfolio of projects located in South Africa, Australia, and an exploration project in Sudan. Its project portfolio comprises Fairview Mine, Sheba and Consort Mines, BTRP, Elikhulu, MTR, Evander Mines, and Tennant Mines. The group's reporting segments are: Mining operations and Other operations. Maximum revenue is generated from the Mining operations segment, which generates revenue from mining, extraction, production, and the sale of gold. The Other operations segment represents its exploration assets in Sudan, Agricultural ESG projects, and other activities. Geographically, the group generates maximum revenue from South Africa, followed by Australia, and UK and Europe.
57GF Score

Get the complete analysis for HAM:RTZ

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

€1.28
Price
€0.93
GF Value