Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Pan African Resources's Enterprise Value is A$3,929 Mil.
Pan African Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$558 Mil. Therefore, Pan African Resources's EV-to-EBIT ratio for today is 7.03.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Pan African Resources's Enterprise Value is A$3,929 Mil.
Pan African Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$625 Mil. Therefore, Pan African Resources's EV-to-EBITDA ratio for today is 6.28.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Pan African Resources (ASX:PAF) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Pan African Resources's current Enterprise Value is A$3,929 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$558 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Pan African Resources's EV-to-EBITDA for today is:
Pan African Resources's current Enterprise Value is A$3,929 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$625 Mil.
Pan African Resources's current Enterprise Value is A$3,929 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was A$1,272 Mil.
Pan African Resources's current Enterprise Value is A$3,929 Mil.
For company reported semi-annually or 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 A$500 Mil.
Pan African Resources's current Enterprise Value is A$3,929 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pan African Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$304 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 Enterprise Value Related Terms
Pan African Resources Enterprise Value Historical Data
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The historical data trend for Pan African Resources's Enterprise Value 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, Pan African Resources's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan African Resources's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Pan African Resources's Enterprise Value falls into.
Pan African Resources Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Pan African Resources's Enterprise Value for the fiscal year that ended in Jun. 2025 is calculated as
* 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 (ASX:PAF) has a Enterprise Value of A$3,929 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Pan African Resources and its competitors.
Is Pan African Resources' Enterprise Value too high?
Pan African Resources' current Enterprise Value is A$3,929 Mil. Overall, Pan African Resources has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' Enterprise Value compare to ?
Pan African Resources' Enterprise Value of A$3,929 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Pan African Resources and its competitors. Pan African Resources's current Enterprise Value is A$3,929 Mil. 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?
Pan African Resources (ASX:PAF) has a current Enterprise Value of A$3,929 Mil. The stock's GF Value™ is A$1.64, compared to a current price of A$1.96 — trading 19.5% above its estimated fair value. The current Enterprise Value is A$3,929 Mil. Pan African Resources' overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Pan African Resources (ASX:PAF), the current Enterprise Value is A$3,929 Mil as of Jun. 28, 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 (ASX:PAF) Overvalued in 2026?
Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued.
The current stock price of A$1.96 is trading 19.5% above its estimated GF Value™ of A$1.64.
Key valuation signals for ASX:PAF:
Enterprise Value: A$3,929 Mil
GF Value™: A$1.64 vs. price of A$1.96 (19.5% above fair value)
No single metric tells the full story. See the ASX:PAF 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.
76GF Score
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