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Caledonia MiningCMCL +5.48%88 EV-to-OCF is 4.49 as of Aug. 05, 2026, which is 11% below its 10-year median of 5.02. GuruFocus rates CMCL with a GF Score™ of 88/100 and a GF Value™ of $21.37 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,670 Metals & Mining companies, Caledonia Mining ranks worse than 81.16% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Caledonia Mining's Enterprise Value is $367.6 Mil.
Caledonia Mining's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $81.9 Mil. Therefore, Caledonia Mining's EV-to-OCF for today is 4.49.
The historical rank and industry rank for Caledonia Mining's EV-to-OCF or its related term are showing as below:
CMCL'
s EV-to-OCF Range Over the Past 10 Years
Min: 1.95 Med: 5.02 Max: 21.54
Current: 4.49
During the past 13 years, the highest EV-to-OCF of Caledonia Mining was 21.54. The lowest was 1.95. And the median was 5.02.
CMCL's EV-to-OCF is ranked worse than 81.16% of 2670
companies
in the Metals & Mining industry
Industry Median: -8.355
vs CMCL: 4.49
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Caledonia Mining's PE Ratio (TTM) for today is calculated as:
Caledonia Mining's share price for today is $20.41.
Caledonia Mining's Earnings per Share (Diluted) 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 $3.190.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Caledonia Mining EV-to-OCF Related Terms
Caledonia Mining EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Caledonia Mining's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's EV-to-OCF falls into.
Caledonia Mining's current Enterprise Value is $367.6 Mil.
Caledonia Mining's Cash Flow from Operations 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 $81.9 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-OCF of 4.49 as of Aug. 05, 2026. This is 11% below median its historical median of 5.02. Over the past decade, Caledonia Mining's EV-to-OCF has ranged from 1.95 to 21.54. According to the industry distribution chart, Caledonia Mining ranks #2167 out of 2670 companies in the Metals & Mining industry, placing it in the top 81.2%.
Is Caledonia Mining's EV-to-OCF too high?
Caledonia Mining's current EV-to-OCF of 4.49 is 11% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 21.54. Based on the distribution chart, Caledonia Mining ranks #2167 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Caledonia Mining has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's EV-to-OCF compare to IDR and VGZ?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #2167 out of 2670 companies for EV-to-OCF. This places Caledonia Mining in the lower half of its industry. Historically, Caledonia Mining's own EV-to-OCF has ranged from 1.95 to 21.54 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Caledonia Mining's current EV-to-OCF is 4.49, which is 11% below median its own 10-year median of 5.02. 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 Fairly Valued. The stock's GF Value™ is $21.37, compared to a current price of $20.41 — trading 4.5% below its estimated fair value. The current EV-to-OCF is 4.49, which is 11% below median its 10-year median of 5.02. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current EV-to-OCF is 4.49 as of Aug. 05, 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 $20.41 is trading 4.5% below its estimated GF Value™ of $21.37.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
EV-to-OCF: 4.49 (11% below median its 10-year median of 5.02)
GF Value™: $21.37 vs. price of $20.41 (4.5% below fair value)
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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