Pan African Resources (JSE:PAN) EBIT: R6,341 Mil (TTM As of Dec. 2025)

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JSE:PAN Pan African Resources PLC JSE:PAN
97 GF Score
Price R19.75
GF Value R18.11
Valuation Fairly Valued
! 3 Warning Signs
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What is Pan African Resources EBIT?

Pan African Resources JSE:PAN -4.22% 97 EBIT is R6,341 Mil as of Dec. 2025. GuruFocus rates JSE:PAN with a GF Score™ of 97/100 and a GF Value™ of R18.11 (Fairly Valued). The stock has 3 warning signs investors should review.

Pan African Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R3,706 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R6,341 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pan African Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 28.68%. Pan African Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 49.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Pan African Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.57%.


Pan African Resources  (JSE:PAN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pan African Resources's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=7362.252 * ( 1 - 29.58% )/( (17991.404 + 18164.672)/ 2 )
=5184.4978584/18078.038
=28.68 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17900.149 - 1163.508 - ( 882.65 - max(0, 3133.986 - 1879.223+882.65))
=17991.404

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=19474.744 - 1210.995 - ( 1516.879 - max(0, 2590.233 - 2689.31+1516.879))
=18164.672

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Pan African Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=7411.808/( ( (14691.534 + max(-645.237, 0)) + (15450.214 + max(-440.681, 0)) )/ 2 )
=7411.808/( ( 14691.534 + 15450.214 )/ 2 )
=7411.808/15070.874
=49.18 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 692.959 + 238.607) - (1163.508 + 0 + 413.295)
=-645.237

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(267.438 + 768.278 + 136.715) - (1210.995 + 0 + 402.117)
=-440.681

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Pan African Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=6340.829/40712.446
=15.57 %

* 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 EBIT Related Terms


Pan African Resources EBIT Historical Data

* Premium members only.

The historical data trend for Pan African Resources's EBIT 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 EBIT Chart

Pan African Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,565.34 1,789.29 1,732.68 2,192.07 3,839.19

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
EBIT 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 1,156.31 1,048.40 1,231.19 2,634.93 3,705.90

JSE:PAN vs NEM, AU: EBIT Comparison

For the Gold subindustry, Pan African Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan African Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Pan African Resources's EV-to-EBIT falls into.


JSE:PAN
97GF Score
Pan African Resources PLC JSE:PAN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Pan African Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R6,341 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R6,341 Mil mean?
Pan African Resources (JSE:PAN) has a EBIT of R6,341 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pan African Resources.
Is Pan African Resources' EBIT too high?
Pan African Resources' current EBIT is R6,341 Mil. Overall, Pan African Resources has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' EBIT compare to NEM and AU?
Pan African Resources' EBIT of R6,341 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 EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Pan African Resources. Pan African Resources's current EBIT is R6,341 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan African Resources stock overvalued right now?
Based on GuruFocus' analysis, Pan African Resources (JSE:PAN) is currently considered Fairly Valued. The stock's GF Value™ is R18.11, compared to a current price of R19.75 — trading 9.1% above its estimated fair value. The current EBIT is R6,341 Mil. Pan African Resources' overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Pan African Resources (JSE:PAN), the current EBIT is R6,341 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 Pan African Resources (JSE:PAN) Overvalued in 2026?

Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued. The current stock price of R19.75 is trading 9.1% above its estimated GF Value™ of R18.11. GuruFocus considers Pan African Resources to be Fairly Valued.

Key valuation signals for JSE:PAN:

  • EBIT: R6,341 Mil
  • GF Value™: R18.11 vs. price of R19.75 (9.1% above fair value)
  • GF Score™: 97/100 with 3 warning signs

No single metric tells the full story. See the JSE:PAN 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.
97GF Score

Get the complete analysis for JSE:PAN

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

R19.75
Price
R18.11
GF Value