Harmony Gold Mining CoHGMCF 92 Pretax Margin % is 31.91% as of Dec. 2025, which is 712% above its 10-year median of 3.93. GuruFocus rates HGMCF with a GF Score™ of 92/100 and a GF Value™ of $19.12 (Fairly Valued). Among 842 Metals & Mining companies, Harmony Gold Mining Co ranks better than 78.74% on this metric.
The historical rank and industry rank for Harmony Gold Mining Co's Pretax Margin % or its related term are showing as below:
HGMCF'
s Pretax Margin % Range Over the Past 10 Years
Min: -23.01 Med: 3.93 Max: 30.84
Current: 30.84
HGMCF's Pretax Margin % is ranked better than 78.74% of 842
companies
in the Metals & Mining industry
Industry Median: 4.84
vs HGMCF: 30.84
Harmony Gold Mining Co (OTCPK:HGMCF) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Harmony Gold Mining Co Pretax Margin % Related Terms
Harmony Gold Mining Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Harmony Gold Mining Co's Pretax 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.
HGMCF vs NEM, AU, RGLD: Pretax Margin % Comparison
For the Gold subindustry, Harmony Gold Mining Co's Pretax Margin %, along with its competitors' market caps and Pretax 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.
Harmony Gold Mining Co Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's Pretax 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.
Harmony Gold Mining Co (HGMCF) has a Pretax Margin % of 31.91% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Harmony Gold Mining Co and its competitors. This is 712% above median its historical median of 3.93. According to the industry distribution chart, Harmony Gold Mining Co ranks #179 out of 842 companies in the Metals & Mining industry, placing it in the top 21.3%.
Is Harmony Gold Mining Co's Pretax Margin % too high?
Harmony Gold Mining Co's current Pretax Margin % of 31.91% is 712% above median its 10-year median of 3.93. The Metals & Mining industry median Pretax Margin % is 4.84. Harmony Gold Mining Co's value of 31.91% is 559.3% above this industry median. Based on the distribution chart, Harmony Gold Mining Co ranks #179 out of 842 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 Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harmony Gold Mining Co ranks #179 out of 842 companies for Pretax Margin %. This places Harmony Gold Mining Co in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.84. Harmony Gold Mining Co's value of 31.91% is 559.3% above this benchmark. While the company's 10-year median is 3.93 vs. the industry median of 4.84, Harmony Gold Mining Co 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 Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.84, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harmony Gold Mining Co's current Pretax Margin % of 31.91% is 559.3% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Harmony Gold Mining Co and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmony Gold Mining Co's current Pretax Margin % is 31.91%, which is 712% above median its own 10-year median of 3.93. 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 Pretax Margin % is 31.91%, which is 712% above median its 10-year median of 3.93 and 559.3% above the Metals & Mining industry median of 4.84. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current Pretax Margin % is 31.91% 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 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:
Pretax Margin %: 31.91% (712% above median its 10-year median of 3.93)
GF Value™: $19.12 vs. price of $17.45 (8.7% below fair value)
Industry Position: 559.3% above the Metals & Mining median (#179 of 842)
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
Pretax Margin % 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 
