HGMCF (Harmony Gold Mining Co) ROE % Adjusted to Book Value: 9.62% (As of Dec. 2025)


HGMCF Harmony Gold Mining Co Ltd HGMCF
92 GF Score
Price $17.45
GF Value $17.76
Valuation Fairly Valued
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What is Harmony Gold Mining Co ROE % Adjusted to Book Value?

Harmony Gold Mining Co HGMCF 92 ROE % Adjusted to Book Value is 9.62% as of Dec. 2025. GuruFocus rates HGMCF with a GF Score™ of 92/100 and a GF Value™ of $17.76 (Fairly Valued).

Harmony Gold Mining Co's ROE % for the quarter that ended in Dec. 2025 was 40.02%. Harmony Gold Mining Co's PB Ratio for the quarter that ended in Dec. 2025 was 4.16. Harmony Gold Mining Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 9.62%.


Harmony Gold Mining Co ROE % Adjusted to Book Value Related Terms


Harmony Gold Mining Co ROE % Adjusted to Book Value Historical Data

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The historical data trend for Harmony Gold Mining Co's ROE % Adjusted to Book Value 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.

Harmony Gold Mining Co ROE % Adjusted to Book Value Chart

Harmony Gold Mining Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.50 -2.87 8.67 9.79 9.38

Harmony Gold Mining Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.49 5.69 17.80 8.02 9.62

HGMCF vs NEM, AU, RGLD: ROE % Adjusted to Book Value Comparison

For the Gold subindustry, Harmony Gold Mining Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Harmony Gold Mining Co's ROE % Adjusted to Book Value falls into.


HGMCF
92GF Score
Harmony Gold Mining Co Ltd HGMCF
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Harmony Gold Mining Co ROE % Adjusted to Book Value Calculation

Harmony Gold Mining Co's ROE % Adjusted to Book Value for the fiscal year that ended in Jun. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=32.82% / 3.50
=9.38%

Harmony Gold Mining Co's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=40.02% / 4.16
=9.62%

* 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.

What does a ROE % Adjusted to Book Value of 9.62% mean?
Harmony Gold Mining Co (HGMCF) has a ROE % Adjusted to Book Value of 9.62% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's ROE % Adjusted to Book Value too high?
Harmony Gold Mining Co's current ROE % Adjusted to Book Value is 9.62%. 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 ROE % Adjusted to Book Value compare to NEM and AU?
Harmony Gold Mining Co's ROE % Adjusted to Book Value of 9.62% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current ROE % Adjusted to Book Value is 9.62%. 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 $17.76, compared to a current price of $17.45 — trading 1.7% below its estimated fair value. The current ROE % Adjusted to Book Value is 9.62%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current ROE % Adjusted to Book Value is 9.62% 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 1.7% below its estimated GF Value™ of $17.76. GuruFocus considers Harmony Gold Mining Co to be Fairly Valued.

Key valuation signals for HGMCF:

  • ROE % Adjusted to Book Value: 9.62%
  • GF Value™: $17.76 vs. price of $17.45 (1.7% below fair value)
  • GF Score™: 92/100

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 Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.45
Price
$17.76
GF Value