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Anglogold AshantiHAM:HT3 +3.57%78 EV-to-OCF is 7.32 as of Jul. 25, 2026, which is 23% below its 10-year median of 9.46. GuruFocus rates HAM:HT3 with a GF Score™ of 78/100 and a GF Value™ of €47.75 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,667 Metals & Mining companies, Anglogold Ashanti ranks worse than 84.18% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Anglogold Ashanti's Enterprise Value is €36,275 Mil.
Anglogold Ashanti's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €4,955 Mil. Therefore, Anglogold Ashanti's EV-to-OCF for today is 7.32.
The historical rank and industry rank for Anglogold Ashanti's EV-to-OCF or its related term are showing as below:
HAM:HT3'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.56 Med: 9.46 Max: 87.55
Current: 7.04
During the past 13 years, the highest EV-to-OCF of Anglogold Ashanti was 87.55. The lowest was 4.56. And the median was 9.46.
HAM:HT3's EV-to-OCF is ranked worse than 84.18% of 2667
companies
in the Metals & Mining industry
Industry Median: -8.56
vs HAM:HT3: 7.04
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.
Anglogold Ashanti's PE Ratio (TTM) for today is calculated as:
Anglogold Ashanti's share price for today is €70.86.
Anglogold Ashanti'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 €5.866.
* 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.
Anglogold Ashanti EV-to-OCF Related Terms
Anglogold Ashanti EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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, Anglogold Ashanti'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.
Anglogold Ashanti EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti's EV-to-OCF falls into.
Anglogold Ashanti's current Enterprise Value is €36,275 Mil.
Anglogold Ashanti'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 €4,955 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.
Anglogold Ashanti (HAM:HT3) has a EV-to-OCF of 7.32 as of Jul. 25, 2026. This is 23% below median its historical median of 9.46. Over the past decade, Anglogold Ashanti's EV-to-OCF has ranged from 4.56 to 87.55. According to the industry distribution chart, Anglogold Ashanti ranks #2245 out of 2667 companies in the Metals & Mining industry, placing it in the top 84.2%.
Is Anglogold Ashanti's EV-to-OCF too high?
Anglogold Ashanti's current EV-to-OCF of 7.32 is 23% below median its 10-year median of 9.46. Over the past 10 years, this metric has ranged from a low of 4.56 to a high of 87.55. Based on the distribution chart, Anglogold Ashanti ranks #2245 out of 2667 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's EV-to-OCF compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #2245 out of 2667 companies for EV-to-OCF. This places Anglogold Ashanti in the lower half of its industry. Historically, Anglogold Ashanti's own EV-to-OCF has ranged from 4.56 to 87.55 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. Anglogold Ashanti's current EV-to-OCF is 7.32, which is 23% below median its own 10-year median of 9.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €47.75, compared to a current price of €70.86 — trading 48.4% above its estimated fair value. The current EV-to-OCF is 7.32, which is 23% below median its 10-year median of 9.46. Anglogold Ashanti's overall GF Score™ is 78/100 with 2 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 Anglogold Ashanti (HAM:HT3), the current EV-to-OCF is 7.32 as of Jul. 25, 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 Anglogold Ashanti (HAM:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €70.86 is trading 48.4% above its estimated GF Value™ of €47.75.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
EV-to-OCF: 7.32 (23% below median its 10-year median of 9.46)
GF Value™: €47.75 vs. price of €70.86 (48.4% above fair value)
No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
78GF Score
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