Harmony Gold Mining Co's quarterly market cap
increased
from Dec. 2024 ($5,145 Mil) to Jun. 2025 ($9,463 Mil) and
increased
from Jun. 2025 ($9,463 Mil) to Dec. 2025 ($12,809 Mil).
Harmony Gold Mining Co's annual market cap
increased
from Jun. 2023 ($2,936 Mil) to Jun. 2024 ($5,176 Mil) and
increased
from Jun. 2024 ($5,176 Mil) to Jun. 2025 ($9,463 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Harmony Gold Mining Co's Enterprise Value for Today is $10,138 Mil.
Harmony Gold Mining Co (OTCPK:HGMCF) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
* 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, Harmony Gold Mining Co's Market Cap, along with its competitors' market caps and Market Cap 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.
Harmony Gold Mining Co Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Harmony Gold Mining Co's Market Cap for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Harmony Gold Mining Co (HGMCF) has a Market Cap of $9,783 Mil as of Jun. 28, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Harmony Gold Mining Co and its competitors. According to the industry distribution chart, Harmony Gold Mining Co ranks #77 out of 2686 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is Harmony Gold Mining Co's Market Cap too high?
Harmony Gold Mining Co's current Market Cap is $9,783 Mil. The Metals & Mining industry median Market Cap is 21.68. Harmony Gold Mining Co's value of $9,783 Mil is 45029.7% above this industry median. Based on the distribution chart, Harmony Gold Mining Co ranks #77 out of 2686 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Market Cap compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harmony Gold Mining Co ranks #77 out of 2686 companies for Market Cap. This places Harmony Gold Mining Co in the top 3% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.68. Harmony Gold Mining Co's value of $9,783 Mil is 45029.7% 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 Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.68, based on 2,686 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harmony Gold Mining Co's current Market Cap of $9,783 Mil is 45029.7% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Harmony Gold Mining Co and its competitors. For the Metals & Mining industry, the median Market Cap is 21.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmony Gold Mining Co's current Market Cap is $9,783 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HGMCF) is currently considered Fairly Valued. The stock's GF Value™ is $19.12, compared to a current price of $17.45 — trading 8.7% below its estimated fair value. The current Market Cap is $9,783 Mil and 45029.7% above the Metals & Mining industry median of 21.68. Harmony Gold Mining Co's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current Market Cap is $9,783 Mil as of Jun. 28, 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 Harmony Gold Mining Co (HGMCF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued.
The current stock price of $17.45 is trading 8.7% below its estimated GF Value™ of $19.12.
GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.
Key valuation signals for HGMCF:
Market Cap: $9,783 Mil
GF Value™: $19.12 vs. price of $17.45 (8.7% below fair value)
Industry Position: 45029.7% above the Metals & Mining median (#77 of 2686)
No single metric tells the full story. See the HGMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score
Get the complete analysis for HGMCF
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HGMCF has been successfully added to your 
