Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Merafe Resources (OTCPK:MERFF) 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 .
Merafe Resources Forward PE Ratio Related Terms
Merafe Resources Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Merafe Resources'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.
Merafe Resources Forward PE Ratio Chart
Merafe Resources Annual Data
Trend
2025-12
Forward PE Ratio
10.89
Merafe Resources Semi-Annual Data
2025-12
Forward PE Ratio
10.89
Merafe Resources Forward PE Ratio Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.
Merafe Resources Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Merafe Resources'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.
Merafe Resources (MERFF) has a Forward PE Ratio of 36.28 as of Jul. 15, 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 Merafe Resources and its competitors. According to the industry distribution chart, Merafe Resources ranks #405 out of 487 companies in the Metals & Mining industry, placing it in the top 83.2%.
Is Merafe Resources' Forward PE Ratio too high?
Merafe Resources' current Forward PE Ratio is 36.28. The Metals & Mining industry median Forward PE Ratio is 11.01. Merafe Resources' value of 36.28 is 229.5% above this industry median. Based on the distribution chart, Merafe Resources ranks #405 out of 487 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Merafe Resources has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Forward PE Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #405 out of 487 companies for Forward PE Ratio. This places Merafe Resources in the lower half of its industry. The industry median Forward PE Ratio is 11.01. Merafe Resources' value of 36.28 is 229.5% above 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 11.01, based on 487 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. Merafe Resources's current Forward PE Ratio of 36.28 is 229.5% above 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 Merafe Resources and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current Forward PE Ratio is 36.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Forward PE Ratio of 36.28. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Forward PE Ratio is 36.28 and 229.5% above the Metals & Mining industry median of 11.01. Merafe Resources' overall GF Score™ is 65/100 with 9 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 Merafe Resources (MERFF), the current Forward PE Ratio is 36.28 as of Jul. 15, 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 Merafe Resources (MERFF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.
Key valuation signals for MERFF:
Forward PE Ratio: 36.28
GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
Industry Position: 229.5% above the Metals & Mining median (#405 of 487)
No single metric tells the full story. See the MERFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
65GF Score
Get the complete analysis for MERFF
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MERFF has been successfully added to your 
