African Rainbow Minerals (JSE:ARI) Total Operating Expense: R868 Mil (TTM As of Dec. 2025)


JSE:ARI African Rainbow Minerals Ltd JSE:ARI
71 GF Score
Price R174.10
GF Value R236.26
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is African Rainbow Minerals Total Operating Expense?

African Rainbow Minerals JSE:ARI +2.23% 71 Total Operating Expense is R868 Mil as of Dec. 2025. GuruFocus rates JSE:ARI with a GF Score™ of 71/100 and a GF Value™ of R236.26 (Modestly Undervalued). The stock has 6 warning signs investors should review.

African Rainbow Minerals's Total Operating Expense for the six months ended in Dec. 2025 was R758 Mil. African Rainbow Minerals's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was R868 Mil.

African Rainbow Minerals Total Operating Expense Related Terms

African Rainbow Minerals Total Operating Expense Historical Data

* Premium members only.

The historical data trend for African Rainbow Minerals's Total Operating Expense 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.

African Rainbow Minerals Total Operating Expense Chart

African Rainbow Minerals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 503.00 1,459.00 965.00 846.00 425.00

African Rainbow Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Operating Expense 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 419.00 427.00 315.00 110.00 758.00
JSE:ARI
71GF Score
African Rainbow Minerals Ltd JSE:ARI
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

African Rainbow Minerals Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R868 Mil.

* 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 Total Operating Expense of R868 Mil mean?
African Rainbow Minerals (JSE:ARI) has a Total Operating Expense of R868 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on African Rainbow Minerals and its competitors.
Is African Rainbow Minerals' Total Operating Expense too high?
African Rainbow Minerals' current Total Operating Expense is R868 Mil. Overall, African Rainbow Minerals has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' Total Operating Expense compare to competitors?
African Rainbow Minerals' Total Operating Expense of R868 Mil 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 Total Operating Expense for a Metals & Mining company?
A good Total Operating Expense depends on the Metals & Mining industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on African Rainbow Minerals and its competitors. African Rainbow Minerals's current Total Operating Expense is R868 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (JSE:ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is R236.26, compared to a current price of R174.10 — trading 26.3% below its estimated fair value. The current Total Operating Expense is R868 Mil. African Rainbow Minerals' overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For African Rainbow Minerals (JSE:ARI), the current Total Operating Expense is R868 Mil 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 African Rainbow Minerals (JSE:ARI) Overvalued in 2026?

Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued. The current stock price of R174.10 is trading 26.3% below its estimated GF Value™ of R236.26. GuruFocus considers African Rainbow Minerals to be Modestly Undervalued.

Key valuation signals for JSE:ARI:

  • Total Operating Expense: R868 Mil
  • GF Value™: R236.26 vs. price of R174.10 (26.3% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the JSE:ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

African Rainbow Minerals Business Description

Other Exchanges AFBOF:USAEB9:Germany
Address 29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
71GF Score

Get the complete analysis for JSE:ARI

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R174.10
Price
R236.26
GF Value