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Harmony Gold Mining CoHMY +9.14%88 EV-to-EBIT is 8.37 as of Aug. 07, 2026, which is 12% above its 10-year median of 7.49. GuruFocus rates HMY with a GF Score™ of 88/100 and a GF Value™ of $17.36 (Modestly Overvalued). Among 671 Metals & Mining companies, Harmony Gold Mining Co ranks better than 71.09% on this metric.
Harmony Gold Mining Co (NYSE:HMY) EV-to-EBIT Explanation
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.
Harmony Gold Mining Co's Enterprise Value for the quarter that ended in Dec. 2025 was $12,783 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harmony Gold Mining Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $1,514 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.
* 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, Harmony Gold Mining Co'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.
Harmony Gold Mining Co EV-to-EBIT vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's EV-to-EBIT falls into.
Harmony Gold Mining Co's current Enterprise Value is $12,667 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harmony Gold Mining Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $1,514 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.
Harmony Gold Mining Co (HMY) has a EV-to-EBIT of 8.37 as of Aug. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Harmony Gold Mining Co and its competitors. This is 12% above median its historical median of 7.49. According to the industry distribution chart, Harmony Gold Mining Co ranks #194 out of 671 companies in the Metals & Mining industry, placing it in the top 28.9%.
Is Harmony Gold Mining Co's EV-to-EBIT too high?
Harmony Gold Mining Co's current EV-to-EBIT of 8.37 is 12% above median its 10-year median of 7.49. The Metals & Mining industry median EV-to-EBIT is 12.69. Harmony Gold Mining Co's value of 8.37 is 34% below this industry median. Based on the distribution chart, Harmony Gold Mining Co ranks #194 out of 671 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Harmony Gold Mining Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's EV-to-EBIT compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harmony Gold Mining Co ranks #194 out of 671 companies for EV-to-EBIT. This puts Harmony Gold Mining Co in the upper half of its industry. The industry median EV-to-EBIT is 12.69. Harmony Gold Mining Co's value of 8.37 is 34% below this benchmark. While the company's 10-year median is 7.49 vs. the industry median of 12.69, Harmony Gold Mining Co 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 12.69, based on 671 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. Harmony Gold Mining Co's current EV-to-EBIT of 8.37 is 34% 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 Harmony Gold Mining Co and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 12.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmony Gold Mining Co's current EV-to-EBIT is 8.37, which is 12% above median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.36, compared to a current price of $19.70 — trading 13.5% above its estimated fair value. The current EV-to-EBIT is 8.37, which is 12% above median its 10-year median of 7.49 and 34% below the Metals & Mining industry median of 12.69. Harmony Gold Mining Co's overall GF Score™ is 88/100. 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 Harmony Gold Mining Co (HMY), the current EV-to-EBIT is 8.37 as of Aug. 07, 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 Harmony Gold Mining Co (HMY) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be overvalued.
The current stock price of $19.70 is trading 13.5% above its estimated GF Value™ of $17.36.
GuruFocus considers Harmony Gold Mining Co to be Modestly Overvalued.
Key valuation signals for HMY:
EV-to-EBIT: 8.37 (12% above median its 10-year median of 7.49)
GF Value™: $17.36 vs. price of $19.70 (13.5% above fair value)
Industry Position: 34% below the Metals & Mining median (#194 of 671)
No single metric tells the full story. See the HMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
88GF Score
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