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Pan African ResourcesHAM:RTZ +0.79%57 EV-to-OCF is 10.04 as of Aug. 20, 2026, which is 20% above its 10-year median of 8.39. GuruFocus rates HAM:RTZ with a GF Score™ of 57/100 and a GF Value™ of €0.93 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,667 Metals & Mining companies, Pan African Resources ranks worse than 85.53% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Pan African Resources's Enterprise Value is €2,843.0 Mil.
Pan African Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €283.1 Mil. Therefore, Pan African Resources's EV-to-OCF for today is 10.04.
The historical rank and industry rank for Pan African Resources's EV-to-OCF or its related term are showing as below:
HAM:RTZ'
s EV-to-OCF Range Over the Past 10 Years
Min: -28.17 Med: 8.39 Max: 31.99
Current: 9.96
During the past 13 years, the highest EV-to-OCF of Pan African Resources was 31.99. The lowest was -28.17. And the median was 8.39.
HAM:RTZ's EV-to-OCF is ranked worse than 85.53% of 2667
companies
in the Metals & Mining industry
Industry Median: -8.78
vs HAM:RTZ: 9.96
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.
Pan African Resources (HAM:RTZ) EV-to-OCF Explanation
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.
Pan African Resources's PE Ratio (TTM) for today is calculated as:
Pan African Resources's share price for today is €1.28.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.102.
* 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.
* 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, Pan African Resources'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.
Pan African Resources EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan African Resources's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Pan African Resources's EV-to-OCF falls into.
Pan African Resources's current Enterprise Value is €2,843.0 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €283.1 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.
Pan African Resources (HAM:RTZ) has a EV-to-OCF of 10.04 as of Aug. 20, 2026. This is 20% above median its historical median of 8.39. According to the industry distribution chart, Pan African Resources ranks #2281 out of 2667 companies in the Metals & Mining industry, placing it in the top 85.5%.
Is Pan African Resources' EV-to-OCF too high?
Pan African Resources' current EV-to-OCF of 10.04 is 20% above median its 10-year median of 8.39. Based on the distribution chart, Pan African Resources ranks #2281 out of 2667 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Pan African Resources has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan African Resources ranks #2281 out of 2667 companies for EV-to-OCF. This places Pan African Resources in the lower half of its industry. 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. Pan African Resources's current EV-to-OCF is 10.04, which is 20% above median its own 10-year median of 8.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan African Resources stock overvalued right now?
Based on GuruFocus' analysis, Pan African Resources (HAM:RTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.93, compared to a current price of €1.28 — trading 37.6% above its estimated fair value. The current EV-to-OCF is 10.04, which is 20% above median its 10-year median of 8.39. Pan African Resources' overall GF Score™ is 57/100 with 3 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 Pan African Resources (HAM:RTZ), the current EV-to-OCF is 10.04 as of Aug. 20, 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 Pan African Resources (HAM:RTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued.
The current stock price of €1.28 is trading 37.6% above its estimated GF Value™ of €0.93.
GuruFocus considers Pan African Resources to be Significantly Overvalued.
Key valuation signals for HAM:RTZ:
EV-to-OCF: 10.04 (20% above median its 10-year median of 8.39)
GF Value™: €0.93 vs. price of €1.28 (37.6% above fair value)
No single metric tells the full story. See the HAM:RTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan African Resources PLC is engaged in gold mining and exploration activities. The group owns and operates a portfolio of projects located in South Africa, Australia, and an exploration project in Sudan. Its project portfolio comprises Fairview Mine, Sheba and Consort Mines, BTRP, Elikhulu, MTR, Evander Mines, and Tennant Mines. The group's reporting segments are: Mining operations and Other operations. Maximum revenue is generated from the Mining operations segment, which generates revenue from mining, extraction, production, and the sale of gold. The Other operations segment represents its exploration assets in Sudan, Agricultural ESG projects, and other activities. Geographically, the group generates maximum revenue from South Africa, followed by Australia, and UK and Europe.
57GF Score
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