Caledonia MiningCMCL -3.83%89 EV-to-FCF is 7.26 as of Jul. 07, 2026, which is 6% below its 10-year median of 7.70. GuruFocus rates CMCL with a GF Score™ of 89/100 and a GF Value™ of $20.95 (Fairly Valued). The stock has 5 warning signs investors should review. Among 445 Metals & Mining companies, Caledonia Mining ranks better than 80.45% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Caledonia Mining's Enterprise Value is $346.6 Mil.
Caledonia Mining's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $47.7 Mil. Therefore, Caledonia Mining's EV-to-FCF for today is 7.26.
The historical rank and industry rank for Caledonia Mining's EV-to-FCF or its related term are showing as below:
CMCL'
s EV-to-FCF Range Over the Past 10 Years
Min: -151.8 Med: 7.7 Max: 314.35
Current: 7.26
During the past 13 years, the highest EV-to-FCF of Caledonia Mining was 314.35. The lowest was -151.80. And the median was 7.70.
CMCL's EV-to-FCF is ranked better than 80.45% of 445
companies
in the Metals & Mining industry
Industry Median: 19.04
vs CMCL: 7.26
EV-to-FCF 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-FCF 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 $19.32.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Caledonia Mining EV-to-FCF Related Terms
Caledonia Mining EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Caledonia Mining's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's EV-to-FCF falls into.
Caledonia Mining's current Enterprise Value is $346.6 Mil.
Caledonia Mining's Free Cash Flow 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 $47.7 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-FCF of 7.26 as of Jul. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Caledonia Mining and its competitors. This is near median its historical median of 7.70. According to the industry distribution chart, Caledonia Mining ranks #87 out of 445 companies in the Metals & Mining industry, placing it in the top 19.6%.
Is Caledonia Mining's EV-to-FCF too high?
Caledonia Mining's current EV-to-FCF of 7.26 is near median its 10-year median of 7.70. The Metals & Mining industry median EV-to-FCF is 19.04. Caledonia Mining's value of 7.26 is 61.9% below this industry median. Based on the distribution chart, Caledonia Mining ranks #87 out of 445 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Caledonia Mining has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's EV-to-FCF compare to VGZ and CTGO?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #87 out of 445 companies for EV-to-FCF. This places Caledonia Mining in the top 20% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 19.04. Caledonia Mining's value of 7.26 is 61.9% below this benchmark. While the company's 10-year median is 7.70 vs. the industry median of 19.04, Caledonia Mining has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 19.04, based on 445 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caledonia Mining's current EV-to-FCF of 7.26 is 61.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Caledonia Mining and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 19.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caledonia Mining's current EV-to-FCF is 7.26, which is near median its own 10-year median of 7.70. 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 $20.95, compared to a current price of $19.32 — trading 7.8% below its estimated fair value. The current EV-to-FCF is 7.26, which is near median its 10-year median of 7.70 and 61.9% below the Metals & Mining industry median of 19.04. Caledonia Mining's overall GF Score™ is 89/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current EV-to-FCF is 7.26 as of Jul. 07, 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 $19.32 is trading 7.8% below its estimated GF Value™ of $20.95.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
EV-to-FCF: 7.26 (near median its 10-year median of 7.70)
GF Value™: $20.95 vs. price of $19.32 (7.8% below fair value)
Industry Position: 61.9% below the Metals & Mining median (#87 of 445)
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.
89GF Score
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