Merafe ResourcesMERFF 64 PB Ratio is 1.94 as of Jun. 29, 2026, which is 169% above its 10-year median of 0.72. GuruFocus rates MERFF with a GF Score™ of 64/100 and a GF Value™ of $0.17. The stock has 9 warning signs investors should review. Among 2,357 Metals & Mining companies, Merafe Resources ranks better than 87.02% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-29), Merafe Resources's share price is $0.2177. Merafe Resources's Book Value per Share for the quarter that ended in Dec. 2025 was $0.11. Hence, Merafe Resources's PB Ratio of today is 1.94.
Warning Sign:
Merafe Resources Ltd stock PB Ratio (=0.68) is close to 1-year high of 0.71.
The historical rank and industry rank for Merafe Resources's PB Ratio or its related term are showing as below:
MERFF'
s PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.72 Max: 1.28
Current: 0.68
During the past 13 years, Merafe Resources's highest PB Ratio was 1.28. The lowest was 0.22. And the median was 0.72.
MERFF's PB Ratio is ranked better than 87.02% of 2357
companies
in the Metals & Mining industry
Industry Median: 2.27
vs MERFF: 0.68
During the past 12 months, Merafe Resources's average Book Value Per Share Growth Rate was -3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 14.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Merafe Resources was 46.40% per year. The lowest was -21.10% per year. And the median was 8.80% per year.
Back to Basics: PB Ratio
Merafe Resources (OTCPK:MERFF) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Merafe Resources PB Ratio Related Terms
Merafe Resources PB Ratio Historical Data
* Premium members only.
The historical data trend for Merafe Resources's PB 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.
For the Other Industrial Metals & Mining subindustry, Merafe Resources's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Merafe Resources's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Merafe Resources (MERFF) has a PB Ratio of 1.94 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Merafe Resources and its competitors. This is 169% above median its historical median of 0.72. Over the past decade, Merafe Resources' PB Ratio has ranged from 0.22 to 1.28. According to the industry distribution chart, Merafe Resources ranks #306 out of 2357 companies in the Metals & Mining industry, placing it in the top 13%.
Is Merafe Resources' PB Ratio too high?
Merafe Resources' current PB Ratio of 1.94 is 169% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.28. The Metals & Mining industry median PB Ratio is 2.27. Merafe Resources' value of 1.94 is 14.5% below this industry median. Based on the distribution chart, Merafe Resources ranks #306 out of 2357 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Merafe Resources has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #306 out of 2357 companies for PB Ratio. This places Merafe Resources in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.27. Merafe Resources' value of 1.94 is 14.5% below this benchmark. Historically, Merafe Resources' own PB Ratio has ranged from 0.22 to 1.28 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 2.27, Merafe Resources 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,357 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merafe Resources's current PB Ratio of 1.94 is 14.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Merafe Resources and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current PB Ratio is 1.94, which is 169% above median its own 10-year median of 0.72. 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 PB Ratio of 1.94. 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 PB Ratio is 1.94, which is 169% above median its 10-year median of 0.72 and 14.5% below the Metals & Mining industry median of 2.27. Merafe Resources' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Merafe Resources (MERFF), the current PB Ratio is 1.94 as of Jun. 29, 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:
PB Ratio: 1.94 (169% above median its 10-year median of 0.72)
GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
Industry Position: 14.5% below the Metals & Mining median (#306 of 2357)
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.
64GF Score
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