Harmony Gold Mining CoHGMCF 92 PS Ratio is 2.35 as of Jul. 08, 2026, which is 135% above its 10-year median of 1.00. GuruFocus rates HGMCF with a GF Score™ of 92/100 and a GF Value™ of $19.68 (Modestly Undervalued). Among 749 Metals & Mining companies, Harmony Gold Mining Co ranks better than 55.54% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Harmony Gold Mining Co's share price is $17.45.
Harmony Gold Mining Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $7.44. Hence, Harmony Gold Mining Co's PS Ratio for today is 2.35.
Good Sign:
Harmony Gold Mining Co Ltd stock PS Ratio (=2.15) is close to 1-year low of 1.99.
The historical rank and industry rank for Harmony Gold Mining Co's PS Ratio or its related term are showing as below:
HGMCF'
s PS Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1 Max: 3.35
Current: 1.97
During the past 13 years, Harmony Gold Mining Co's highest PS Ratio was 3.35. The lowest was 0.47. And the median was 1.00.
HGMCF's PS Ratio is ranked better than 55.54% of 749
companies
in the Metals & Mining industry
Industry Median: 2.35
vs HGMCF: 1.97
During the past 12 months, the average Revenue per Share Growth Rate of Harmony Gold Mining Co was 20.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 19.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 15.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 11.70% per year.
During the past 13 years, Harmony Gold Mining Co's highest 3-Year average Revenue per Share Growth Rate was 22.50% per year. The lowest was -29.90% per year. And the median was 11.20% per year.
Back to Basics: PS Ratio
Harmony Gold Mining Co (OTCPK:HGMCF) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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 PS Ratio, along with its competitors' market caps and PS 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.
Harmony Gold Mining Co PS Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Harmony Gold Mining Co's Share Price of today is $17.45.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Harmony Gold Mining Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $7.44.
* 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:
Harmony Gold Mining Co (HGMCF) has a PS Ratio of 2.35 as of Jul. 08, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Harmony Gold Mining Co and its competitors. This is 135% above median its historical median of 1.00. Over the past decade, Harmony Gold Mining Co's PS Ratio has ranged from 0.47 to 3.35. According to the industry distribution chart, Harmony Gold Mining Co ranks #333 out of 749 companies in the Metals & Mining industry, placing it in the top 44.5%.
Is Harmony Gold Mining Co's PS Ratio too high?
Harmony Gold Mining Co's current PS Ratio of 2.35 is 135% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 3.35. The Metals & Mining industry median PS Ratio is 2.35. Harmony Gold Mining Co's value of 2.35 is 0% at this industry median. Based on the distribution chart, Harmony Gold Mining Co ranks #333 out of 749 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harmony Gold Mining Co ranks #333 out of 749 companies for PS Ratio. This puts Harmony Gold Mining Co in the upper half of its industry. The industry median PS Ratio is 2.35. Harmony Gold Mining Co's value of 2.35 is 0% at this benchmark. Historically, Harmony Gold Mining Co's own PS Ratio has ranged from 0.47 to 3.35 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 2.35, Harmony Gold Mining Co has consistently been at 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 PS Ratio for a Metals & Mining company?
The median PS Ratio among Metals & Mining companies is 2.35, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harmony Gold Mining Co's current PS Ratio of 2.35 is 0% at 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Harmony Gold Mining Co and its competitors. For the Metals & Mining industry, the median PS Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harmony Gold Mining Co's current PS Ratio is 2.35, which is 135% above median its own 10-year median of 1.00. 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 Modestly Undervalued. The stock's GF Value™ is $19.68, compared to a current price of $17.45 — trading 11.3% below its estimated fair value. The current PS Ratio is 2.35, which is 135% above median its 10-year median of 1.00 and 0% at the Metals & Mining industry median of 2.35. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current PS Ratio is 2.35 as of Jul. 08, 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 11.3% below its estimated GF Value™ of $19.68.
GuruFocus considers Harmony Gold Mining Co to be Modestly Undervalued.
Key valuation signals for HGMCF:
PS Ratio: 2.35 (135% above median its 10-year median of 1.00)
GF Value™: $19.68 vs. price of $17.45 (11.3% below fair value)
Industry Position: 0% at the Metals & Mining median (#333 of 749)
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
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