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.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Anglo American's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 80.86. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Anglo American's Degree of Operating Leverage or its related term are showing as below:
XSWX:AAM's Degree of Operating Leverage is ranked worse than 97.86% of 747
companies
in the Metals & Mining industry
Industry Median: 1.24
vs XSWX:AAM: 80.86
Anglo American (XSWX:AAM) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Anglo American Degree of Operating Leverage Related Terms
Anglo American Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Anglo American's Degree of Operating Leverage 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.
Anglo American Degree of Operating Leverage Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Anglo American's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
Anglo American Degree of Operating Leverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Anglo American's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 80.86 mean?
Anglo American (XSWX:AAM) has a Degree of Operating Leverage of 80.86 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Anglo American and its competitors. According to the industry distribution chart, Anglo American ranks #731 out of 747 companies in the Metals & Mining industry, placing it in the top 97.9%.
Is Anglo American's Degree of Operating Leverage too high?
Anglo American's current Degree of Operating Leverage is 80.86. The Metals & Mining industry median Degree of Operating Leverage is 1.24. Anglo American's value of 80.86 is 6421% above this industry median. Based on the distribution chart, Anglo American ranks #731 out of 747 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Anglo American has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Degree of Operating Leverage compare to competitors?
According to the Metals & Mining industry distribution chart, Anglo American ranks #731 out of 747 companies for Degree of Operating Leverage. This places Anglo American in the lower half of its industry. The industry median Degree of Operating Leverage is 1.24. Anglo American's value of 80.86 is 6421% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Metals & Mining company?
The median Degree of Operating Leverage among Metals & Mining companies is 1.24, based on 747 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anglo American's current Degree of Operating Leverage of 80.86 is 6421% above 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Anglo American and its competitors. For the Metals & Mining industry, the median Degree of Operating Leverage is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglo American's current Degree of Operating Leverage is 80.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Anglo American (XSWX:AAM) has a current Degree of Operating Leverage of 80.86. The stock's GF Value™ is CHF19.13, compared to a current price of CHF39.80 — trading 108.1% above its estimated fair value. The current Degree of Operating Leverage is 80.86 and 6421% above the Metals & Mining industry median of 1.24. Anglo American's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Anglo American (XSWX:AAM), the current Degree of Operating Leverage is 80.86 as of Jun. 2026. 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 Anglo American (XSWX:AAM) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of CHF39.80 is trading 108.1% above its estimated GF Value™ of CHF19.13.
Key valuation signals for XSWX:AAM:
Degree of Operating Leverage: 80.86
GF Value™: CHF19.13 vs. price of CHF39.80 (108.1% above fair value)
Industry Position: 6421% above the Metals & Mining median (#731 of 747)
No single metric tells the full story. See the XSWX:AAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
61GF Score
Get the complete analysis for XSWX:AAM
Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:AAM has been successfully added to your 
