Harmony Gold Mining Company Limited (HMY) P/E Ratio History
Historical price-to-earnings valuation from 2001 to 2026
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HMY Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Harmony Gold Mining Company Limited (HMY) trades at a price-to-earnings ratio of 12.6x, with a stock price of $17.58 and trailing twelve-month earnings per share of $41.67.
The current P/E is 339% above its 5-year average of 2.9x. Over the past five years, HMY's P/E has ranged from a low of 0.3x to a high of 15.3x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.4x, HMY trades at a 46% discount to its sector peers. The sector includes 125 companies with P/E ratios ranging from 2.0x to 144.2x.
Relative to the broader market, HMY trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HMY DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HMY P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $40B | 32.5 | 0.67 | +79% | |
| $51B | 19.3 | 1.12 | +123% | |
| $2B | 18.1 | - | +68% | |
| $12B | 36.9 | - | +766%Best | |
| $126B | 17.7 | 1.38 | +124% | |
| $36B | 15.3 | 1.23 | +158% | |
| $18B | 20.2 | 0.49 | +204% | |
| $7B | 13.2Lowest | 0.49 | +78% | |
| $11B | 15.8 | 0.24Best | -23% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HMY Historical P/E Data (2001–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $19.90 | $41.84 | 0.5x | -83% |
| FY2025 Q4 | Mon Jun 30 2025 00:00:00 GM | $13.97 | $36.64 | 0.4x | -87% |
| FY2025 Q2 | $8.21 | $29.29 | 0.3x | -90% | |
| FY2024 Q4 | Sun Jun 30 2024 00:00:00 GM | $9.17 | $18.96 | 0.5x | -83% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $6.15 | $15.56 | 0.4x | -86% |
| FY2023 Q2 | Sat Dec 31 2022 00:00:00 GM | $3.40 | $13.35 | 0.3x | -91% |
| FY2022 Q2 | Fri Dec 31 2021 00:00:00 GM | $4.11 | $6.30 | 0.7x | -77% |
| FY2021 Q4 | Wed Jun 30 2021 00:00:00 GM | $3.73 | $6.48 | 0.6x | -80% |
| FY2021 Q2 | $4.68 | $0.84 | 5.6x | +96% | |
| FY2018 Q2 | Sun Dec 31 2017 00:00:00 GM | $1.87 | $2.83 | 0.7x | -77% |
| FY2013 Q2 | Mon Dec 31 2012 00:00:00 GM | $8.96 | $4.47 | 2.0x | -30% |
| FY2012 Q4 | Sat Jun 30 2012 00:00:00 GM | $9.40 | $3.59 | 2.6x | -8% |
Average P/E for displayed period: 2.8x
Full HMY Stock Analysis
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Start ComparisonHMY — Frequently Asked Questions
Quick answers to the most common questions about buying HMY stock.
Is HMY stock overvalued or undervalued?
HMY trades at 12.6x P/E, above its 5-year average of 2.9x. The 90th percentile ranking indicates a premium to historical valuation.
How does HMY's valuation compare to peers?
Harmony Gold Mining Company Limited P/E of 12.6x compares to sector median of 23.4x. The discount suggests lower growth expectations or higher risk.
What is HMY's PEG ratio?
HMY PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2001-2026.