Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
African Rainbow MineralsFRA:EB9 -0.61%71 Debt-to-Equity is 0.02 as of Dec. 2025, which is 60% below its 10-year median of 0.05. GuruFocus rates FRA:EB9 with a GF Score™ of 71/100 and a GF Value™ of €12.37 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,218 Metals & Mining companies, African Rainbow Minerals ranks better than 83.74% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for African Rainbow Minerals's Debt-to-Equity or its related term are showing as below:
FRA:EB9'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 0.23
Current: 0.02
During the past 13 years, the highest Debt-to-Equity Ratio of African Rainbow Minerals was 0.23. The lowest was 0.00. And the median was 0.05.
FRA:EB9's Debt-to-Equity is ranked better than 83.74% of 1218
companies
in the Metals & Mining industry
Industry Median: 0.15
vs FRA:EB9: 0.02
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
African Rainbow Minerals Debt-to-Equity Related Terms
African Rainbow Minerals Debt-to-Equity Historical Data
* 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.
For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
African Rainbow Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, African Rainbow Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where African Rainbow Minerals's Debt-to-Equity falls into.
* 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.
African Rainbow Minerals (FRA:EB9) has a Debt-to-Equity of 0.02 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on African Rainbow Minerals and its competitors. This is 60% below median its historical median of 0.05. According to the industry distribution chart, African Rainbow Minerals ranks #198 out of 1218 companies in the Metals & Mining industry, placing it in the top 16.3%.
Is African Rainbow Minerals' Debt-to-Equity too high?
African Rainbow Minerals' current Debt-to-Equity of 0.02 is 60% below median its 10-year median of 0.05. The Metals & Mining industry median Debt-to-Equity is 0.15. African Rainbow Minerals' value of 0.02 is 86.7% below this industry median. Based on the distribution chart, African Rainbow Minerals ranks #198 out of 1218 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, African Rainbow Minerals has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, African Rainbow Minerals ranks #198 out of 1218 companies for Debt-to-Equity. This places African Rainbow Minerals in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.15. African Rainbow Minerals' value of 0.02 is 86.7% below this benchmark. While the company's 10-year median is 0.05 vs. the industry median of 0.15, African Rainbow Minerals has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,218 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. African Rainbow Minerals's current Debt-to-Equity of 0.02 is 86.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on African Rainbow Minerals and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. African Rainbow Minerals's current Debt-to-Equity is 0.02, which is 60% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (FRA:EB9) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.37, compared to a current price of €8.10 — trading 34.5% below its estimated fair value. The current Debt-to-Equity is 0.02, which is 60% below median its 10-year median of 0.05 and 86.7% below the Metals & Mining industry median of 0.15. African Rainbow Minerals' overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For African Rainbow Minerals (FRA:EB9), the current Debt-to-Equity is 0.02 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 African Rainbow Minerals (FRA:EB9) Overvalued in 2026?
Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued.
The current stock price of €8.10 is trading 34.5% below its estimated GF Value™ of €12.37.
GuruFocus considers African Rainbow Minerals to be Significantly Undervalued.
Key valuation signals for FRA:EB9:
Debt-to-Equity: 0.02 (60% below median its 10-year median of 0.05)
GF Value™: €12.37 vs. price of €8.10 (34.5% below fair value)
Industry Position: 86.7% below the Metals & Mining median (#198 of 1218)
No single metric tells the full story. See the FRA:EB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
71GF Score
Get the complete analysis for FRA:EB9
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:EB9 has been successfully added to your 
