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Anglogold AshantiHAM:HT3 +2.79%78 EV-to-FCF is 9.67 as of Jul. 31, 2026, which is 49% below its 10-year median of 18.95. GuruFocus rates HAM:HT3 with a GF Score™ of 78/100 and a GF Value™ of €46.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 450 Metals & Mining companies, Anglogold Ashanti ranks better than 68.67% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Anglogold Ashanti's Enterprise Value is €37,165 Mil.
Anglogold Ashanti's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was €3,843 Mil. Therefore, Anglogold Ashanti's EV-to-FCF for today is 9.67.
The historical rank and industry rank for Anglogold Ashanti's EV-to-FCF or its related term are showing as below:
HAM:HT3'
s EV-to-FCF Range Over the Past 10 Years
Min: -148.51 Med: 18.95 Max: 326.83
Current: 10.16
During the past 13 years, the highest EV-to-FCF of Anglogold Ashanti was 326.83. The lowest was -148.51. And the median was 18.95.
HAM:HT3's EV-to-FCF is ranked better than 68.67% of 450
companies
in the Metals & Mining industry
Industry Median: 18.425
vs HAM:HT3: 10.16
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.
Anglogold Ashanti's PE Ratio (TTM) for today is calculated as:
Anglogold Ashanti's share price for today is €69.24.
Anglogold Ashanti's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.423.
* 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.
Anglogold Ashanti EV-to-FCF Related Terms
Anglogold Ashanti EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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, Anglogold Ashanti'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.
Anglogold Ashanti EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti's EV-to-FCF falls into.
Anglogold Ashanti's current Enterprise Value is €37,165 Mil.
Anglogold Ashanti's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3,843 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-FCF of 9.67 as of Jul. 31, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Anglogold Ashanti and its competitors. This is 49% below median its historical median of 18.95. According to the industry distribution chart, Anglogold Ashanti ranks #141 out of 450 companies in the Metals & Mining industry, placing it in the top 31.3%.
Is Anglogold Ashanti's EV-to-FCF too high?
Anglogold Ashanti's current EV-to-FCF of 9.67 is 49% below median its 10-year median of 18.95. The Metals & Mining industry median EV-to-FCF is 18.43. Anglogold Ashanti's value of 9.67 is 47.5% below this industry median. Based on the distribution chart, Anglogold Ashanti ranks #141 out of 450 companies in the Metals & Mining industry, which is above the industry midpoint. 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-FCF compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #141 out of 450 companies for EV-to-FCF. This puts Anglogold Ashanti in the upper half of its industry. The industry median EV-to-FCF is 18.43. Anglogold Ashanti's value of 9.67 is 47.5% below this benchmark. While the company's 10-year median is 18.95 vs. the industry median of 18.43, Anglogold Ashanti 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 18.43, based on 450 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. Anglogold Ashanti's current EV-to-FCF of 9.67 is 47.5% 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 Anglogold Ashanti and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglogold Ashanti's current EV-to-FCF is 9.67, which is 49% below median its own 10-year median of 18.95. 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 €46.15, compared to a current price of €69.24 — trading 50% above its estimated fair value. The current EV-to-FCF is 9.67, which is 49% below median its 10-year median of 18.95 and 47.5% below the Metals & Mining industry median of 18.43. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Anglogold Ashanti (HAM:HT3), the current EV-to-FCF is 9.67 as of Jul. 31, 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 €69.24 is trading 50% above its estimated GF Value™ of €46.15.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
EV-to-FCF: 9.67 (49% below median its 10-year median of 18.95)
GF Value™: €46.15 vs. price of €69.24 (50% above fair value)
Industry Position: 47.5% below the Metals & Mining median (#141 of 450)
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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