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Caledonia MiningCMCL -0.48%88 EV-to-EBIT is 2.71 as of Jul. 23, 2026, which is 35% below its 10-year median of 4.17. GuruFocus rates CMCL with a GF Score™ of 88/100 and a GF Value™ of $21.33 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 664 Metals & Mining companies, Caledonia Mining ranks better than 89.46% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Caledonia Mining's Enterprise Value for the quarter that ended in Mar. 2026 was $409.7 Mil.
Caledonia Mining's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $122.3 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.
Caledonia Mining EV-to-EBIT Related Terms
Caledonia Mining EV-to-EBIT Historical Data
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The historical data trend for Caledonia Mining's EV-to-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.
For the Gold subindustry, Caledonia Mining'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.
Caledonia Mining EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's EV-to-EBIT falls into.
Caledonia Mining's current Enterprise Value is $331.3 Mil.
Caledonia Mining's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $122.3 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.
Caledonia Mining (CMCL) has a EV-to-EBIT of 2.71 as of Jul. 23, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Caledonia Mining and its competitors. This is 35% below median its historical median of 4.17. According to the industry distribution chart, Caledonia Mining ranks #70 out of 664 companies in the Metals & Mining industry, placing it in the top 10.5%.
Is Caledonia Mining's EV-to-EBIT too high?
Caledonia Mining's current EV-to-EBIT of 2.71 is 35% below median its 10-year median of 4.17. The Metals & Mining industry median EV-to-EBIT is 12.31. Caledonia Mining's value of 2.71 is 78% below this industry median. Based on the distribution chart, Caledonia Mining ranks #70 out of 664 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Caledonia Mining has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's EV-to-EBIT compare to VGZ and CTGO?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #70 out of 664 companies for EV-to-EBIT. This places Caledonia Mining in the top 11% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 12.31. Caledonia Mining's value of 2.71 is 78% below this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 12.31, Caledonia Mining 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 EV-to-EBIT for a Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 12.31, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caledonia Mining's current EV-to-EBIT of 2.71 is 78% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Caledonia Mining and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 12.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caledonia Mining's current EV-to-EBIT is 2.71, which is 35% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caledonia Mining stock overvalued right now?
Based on GuruFocus' analysis, Caledonia Mining (CMCL) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.33, compared to a current price of $18.53 — trading 13.1% below its estimated fair value. The current EV-to-EBIT is 2.71, which is 35% below median its 10-year median of 4.17 and 78% below the Metals & Mining industry median of 12.31. Caledonia Mining's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current EV-to-EBIT is 2.71 as of Jul. 23, 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 Caledonia Mining (CMCL) Overvalued in 2026?
Based on GuruFocus' analysis, Caledonia Mining stock appears to be undervalued.
The current stock price of $18.53 is trading 13.1% below its estimated GF Value™ of $21.33.
GuruFocus considers Caledonia Mining to be Modestly Undervalued.
Key valuation signals for CMCL:
EV-to-EBIT: 2.71 (35% below median its 10-year median of 4.17)
GF Value™: $21.33 vs. price of $18.53 (13.1% below fair value)
Industry Position: 78% below the Metals & Mining median (#70 of 664)
No single metric tells the full story. See the CMCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. Its project includes Maligreen and Motapa.
88GF Score
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