Caledonia Mining (AMEX:CMCL) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Caledonia Mining Forward PE Ratio Related Terms
Caledonia Mining Forward PE Ratio Historical Data
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The historical data trend for Caledonia Mining's Forward PE Ratio 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.
Caledonia Mining Forward PE Ratio Chart
Caledonia Mining Annual Data
Trend
2023-12
2024-12
2025-12
Forward PE Ratio
11.35
5.02
11.16
Caledonia Mining Quarterly Data
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
11.35
12.72
36.23
25.32
5.02
7.89
8.93
16.37
11.16
6.49
CMCL vs VGZ, CTGO, USAU: Forward PE Ratio Comparison
For the Gold subindustry, Caledonia Mining's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Caledonia Mining (CMCL) has a Forward PE Ratio of 5.02 as of Jul. 12, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Caledonia Mining and its competitors. According to the industry distribution chart, Caledonia Mining ranks #92 out of 485 companies in the Metals & Mining industry, placing it in the top 19%.
Is Caledonia Mining's Forward PE Ratio too high?
Caledonia Mining's current Forward PE Ratio is 5.02. The Metals & Mining industry median Forward PE Ratio is 11.14. Caledonia Mining's value of 5.02 is 54.9% below this industry median. Based on the distribution chart, Caledonia Mining ranks #92 out of 485 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 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's Forward PE Ratio compare to VGZ and CTGO?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #92 out of 485 companies for Forward PE Ratio. This places Caledonia Mining in the top 19% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 11.14. Caledonia Mining's value of 5.02 is 54.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Metals & Mining company?
The median Forward PE Ratio among Metals & Mining companies is 11.14, based on 485 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caledonia Mining's current Forward PE Ratio of 5.02 is 54.9% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Caledonia Mining and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caledonia Mining's current Forward PE Ratio is 5.02. 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 Modestly Undervalued. The stock's GF Value™ is $20.99, compared to a current price of $17.76 — trading 15.4% below its estimated fair value. The current Forward PE Ratio is 5.02 and 54.9% below the Metals & Mining industry median of 11.14. Caledonia Mining's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current Forward PE Ratio is 5.02 as of Jul. 12, 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 $17.76 is trading 15.4% below its estimated GF Value™ of $20.99.
GuruFocus considers Caledonia Mining to be Modestly Undervalued.
Key valuation signals for CMCL:
Forward PE Ratio: 5.02
GF Value™: $20.99 vs. price of $17.76 (15.4% below fair value)
Industry Position: 54.9% below the Metals & Mining median (#92 of 485)
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.
88GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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