Anglo AmericanNGLOY -3.53%53 WACC % is 5.68% as of Jun. 24, 2026, which is 31% below its 10-year median of 8.18. GuruFocus rates NGLOY with a GF Score™ of 53/100 and a GF Value™ of $10.91 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,670 Metals & Mining companies, Anglo American ranks worse than 66.4% on this metric.
As of today (2026-06-24), Anglo American's weighted average cost of capital is 5.68%%. Anglo American's ROIC % is 0.00% (calculated using TTM income statement data).
Anglo American earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
Anglo American (OTCPK:NGLOY) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Anglo American's weighted average cost of capital is 5.68%%. Anglo American's ROIC % is 0.00% (calculated using TTM income statement data).
Anglo American earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
Related Terms
Anglo American WACC % Historical Data
* Premium members only.
The historical data trend for Anglo American's WACC % 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, Anglo American's WACC %, along with its competitors' market caps and WACC % 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.
Anglo American WACC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's WACC % distribution charts can be found below:
* The bar in red indicates where Anglo American's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Anglo American's market capitalization (E) is $50788.068 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Dec. 2025, Anglo American's latest one-year semi-annual average Book Value of Debt (D) is $16894 Mil.
a) weight of equity = E / (E + D) = 50788.068 / (50788.068 + 16894) = 0.7504
b) weight of debt = D / (E + D) = 16894 / (50788.068 + 16894) = 0.2496
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.9416%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Anglo American's beta is 0.4371.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.9416% + 0.4371 * 6% = 7.5642%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
As of Dec. 2025, Anglo American's interest expense (positive number) was $862 Mil. Its total Book Value of Debt (D) is $16894 Mil.
Cost of Debt = 862 / 16894 = 5.1024%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 1587 / 883 = 179.73%, which is higher than 100%. Therefore it's set to 100%.
Anglo American's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.7504
*
7.5642%
+
0.2496
*
5.1024%
*
(1 - 100%)
=
5.68%
* 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.
Anglo American (NGLOY) has a WACC % of 5.68% as of Jun. 24, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Anglo American and its competitors. This is 31% below median its historical median of 8.18. Over the past decade, Anglo American's WACC % has ranged from 5.38 to 12.32. According to the industry distribution chart, Anglo American ranks #1773 out of 2670 companies in the Metals & Mining industry, placing it in the top 66.4%.
Is Anglo American's WACC % too high?
Anglo American's current WACC % of 5.68% is 31% below median its 10-year median of 8.18. Over the past 10 years, this metric has ranged from a low of 5.38 to a high of 12.32. The Metals & Mining industry median WACC % is 9.59. Anglo American's value of 5.68% is 40.8% below this industry median. Based on the distribution chart, Anglo American ranks #1773 out of 2670 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Anglo American has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's WACC % compare to competitors?
According to the Metals & Mining industry distribution chart, Anglo American ranks #1773 out of 2670 companies for WACC %. This places Anglo American in the lower half of its industry. The industry median WACC % is 9.59. Anglo American's value of 5.68% is 40.8% below this benchmark. Historically, Anglo American's own WACC % has ranged from 5.38 to 12.32 over the past decade. While the company's 10-year median is 8.18 vs. the industry median of 9.59, Anglo American 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 WACC % for a Metals & Mining company?
The median WACC % among Metals & Mining companies is 9.59, based on 2,670 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anglo American's current WACC % of 5.68% is 40.8% 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Anglo American and its competitors. For the Metals & Mining industry, the median WACC % is 9.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglo American's current WACC % is 5.68%, which is 31% below median its own 10-year median of 8.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (NGLOY) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.91, compared to a current price of $23.80 — trading 118.1% above its estimated fair value. The current WACC % is 5.68%, which is 31% below median its 10-year median of 8.18 and 40.8% below the Metals & Mining industry median of 9.59. Anglo American's overall GF Score™ is 53/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Anglo American (NGLOY), the current WACC % is 5.68% as of Jun. 24, 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 Anglo American (NGLOY) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of $23.80 is trading 118.1% above its estimated GF Value™ of $10.91.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for NGLOY:
WACC %: 5.68% (31% below median its 10-year median of 8.18)
GF Value™: $10.91 vs. price of $23.80 (118.1% above fair value)
Industry Position: 40.8% below the Metals & Mining median (#1773 of 2670)
No single metric tells the full story. See the NGLOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
53GF Score
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