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DRDGoldDRD +1.52%92 EV-to-OCF is 8.81 as of Aug. 03, 2026, which is 9% above its 10-year median of 8.10. GuruFocus rates DRD with a GF Score™ of 92/100 and a GF Value™ of $16.77 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,671 Metals & Mining companies, DRDGold ranks worse than 85.55% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, DRDGold's Enterprise Value is $1,721.1 Mil.
DRDGold's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2025 was $195.5 Mil. Therefore, DRDGold's EV-to-OCF for today is 8.81.
The historical rank and industry rank for DRDGold's EV-to-OCF or its related term are showing as below:
DRD'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.08 Med: 8.1 Max: 60.06
Current: 8.81
During the past 13 years, the highest EV-to-OCF of DRDGold was 60.06. The lowest was 3.08. And the median was 8.10.
DRD's EV-to-OCF is ranked worse than 85.55% of 2671
companies
in the Metals & Mining industry
Industry Median: -8.44
vs DRD: 8.81
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.
DRDGold's share price for today is $20.73.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. DRDGold's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2025 was $1.439.
* 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.
DRDGold EV-to-OCF Related Terms
DRDGold EV-to-OCF Historical Data
* Premium members only.
The historical data trend for DRDGold'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, DRDGold'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.
DRDGold EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, DRDGold's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where DRDGold's EV-to-OCF falls into.
DRDGold's current Enterprise Value is $1,721.1 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. DRDGold's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2025 was $195.5 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.
DRDGold (DRD) has a EV-to-OCF of 8.81 as of Aug. 03, 2026. This is near median its historical median of 8.10. Over the past decade, DRDGold's EV-to-OCF has ranged from 3.08 to 60.06. According to the industry distribution chart, DRDGold ranks #2285 out of 2671 companies in the Metals & Mining industry, placing it in the top 85.5%.
Is DRDGold's EV-to-OCF too high?
DRDGold's current EV-to-OCF of 8.81 is near median its 10-year median of 8.10. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 60.06. Based on the distribution chart, DRDGold ranks #2285 out of 2671 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, DRDGold has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DRDGold's EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, DRDGold ranks #2285 out of 2671 companies for EV-to-OCF. This places DRDGold in the lower half of its industry. Historically, DRDGold's own EV-to-OCF has ranged from 3.08 to 60.06 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. DRDGold's current EV-to-OCF is 8.81, which is near median its own 10-year median of 8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DRDGold stock overvalued right now?
Based on GuruFocus' analysis, DRDGold (DRD) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.77, compared to a current price of $20.73 — trading 23.6% above its estimated fair value. The current EV-to-OCF is 8.81, which is near median its 10-year median of 8.10. DRDGold's overall GF Score™ is 92/100 with 1 warning sign 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 DRDGold (DRD), the current EV-to-OCF is 8.81 as of Aug. 03, 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 DRDGold (DRD) Overvalued in 2026?
Based on GuruFocus' analysis, DRDGold stock appears to be overvalued.
The current stock price of $20.73 is trading 23.6% above its estimated GF Value™ of $16.77.
GuruFocus considers DRDGold to be Modestly Overvalued.
Key valuation signals for DRD:
EV-to-OCF: 8.81 (near median its 10-year median of 8.10)
GF Value™: $16.77 vs. price of $20.73 (23.6% above fair value)
No single metric tells the full story. See the DRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressCnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709
DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields, and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.
92GF Score
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