Pan African ResourcesPAFRF -18.63%89 Gross Margin % is 54.30% as of Dec. 2025, which is 62% above its 10-year median of 33.58. GuruFocus rates PAFRF with a GF Score™ of 89/100 and a GF Value™ of $1.14 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 730 Metals & Mining companies, Pan African Resources ranks better than 76.44% on this metric.
PAFRF's Gross Margin % is ranked better than 76.44% of 730
companies
in the Metals & Mining industry
Industry Median: 26.175
vs PAFRF: 52.10
Pan African Resources had a gross margin of 54.30% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Pan African Resources was 2.80% per year.
Pan African Resources (OTCPK:PAFRF) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Pan African Resources had a gross margin of 54.30% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Pan African Resources Gross Margin % Related Terms
Pan African Resources Gross Margin % Historical Data
* Premium members only.
The historical data trend for Pan African Resources's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan African Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Pan African Resources's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Pan African Resources (PAFRF) has a Gross Margin % of 54.30% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Pan African Resources and its competitors. This is 62% above median its historical median of 33.58. Over the past decade, Pan African Resources' Gross Margin % has ranged from 22.06 to 52.10. According to the industry distribution chart, Pan African Resources ranks #172 out of 730 companies in the Metals & Mining industry, placing it in the top 23.6%.
Is Pan African Resources' Gross Margin % too high?
Pan African Resources' current Gross Margin % of 54.30% is 62% above median its 10-year median of 33.58. Over the past 10 years, this metric has ranged from a low of 22.06 to a high of 52.10. The Metals & Mining industry median Gross Margin % is 26.18. Pan African Resources' value of 54.30% is 107.4% above this industry median. Based on the distribution chart, Pan African Resources ranks #172 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Pan African Resources has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan African Resources' Gross Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan African Resources ranks #172 out of 730 companies for Gross Margin %. This places Pan African Resources in the top 24% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.18. Pan African Resources' value of 54.30% is 107.4% above this benchmark. Historically, Pan African Resources' own Gross Margin % has ranged from 22.06 to 52.10 over the past decade. While the company's 10-year median is 33.58 vs. the industry median of 26.18, Pan African Resources has consistently been above 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 Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan African Resources's current Gross Margin % of 54.30% is 107.4% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Pan African Resources and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan African Resources's current Gross Margin % is 54.30%, which is 62% above median its own 10-year median of 33.58. 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?
Based on GuruFocus' analysis, Pan African Resources (PAFRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.14, compared to a current price of $1.31 — trading 14.9% above its estimated fair value. The current Gross Margin % is 54.30%, which is 62% above median its 10-year median of 33.58 and 107.4% above the Metals & Mining industry median of 26.18. Pan African Resources' overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Pan African Resources (PAFRF), the current Gross Margin % is 54.30% as of Dec. 2025. 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 (PAFRF) Overvalued in 2026?
Based on GuruFocus' analysis, Pan African Resources stock appears to be overvalued.
The current stock price of $1.31 is trading 14.9% above its estimated GF Value™ of $1.14.
GuruFocus considers Pan African Resources to be Modestly Overvalued.
Key valuation signals for PAFRF:
Gross Margin %: 54.30% (62% above median its 10-year median of 33.58)
GF Value™: $1.14 vs. price of $1.31 (14.9% above fair value)
Industry Position: 107.4% above the Metals & Mining median (#172 of 730)
No single metric tells the full story. See the PAFRF 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.
89GF Score
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