Caledonia Mining Corporation (CMCL) Financial Ratios: P/E, ROE & More

Caledonia Mining Corporation (CMCL) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Caledonia Mining Corporation had a P/E ratio of 9.26 (down from 10.33), return on equity of 26.1% (up from 10.1%), debt-to-equity of 0.12 (up from 0.11) and a current ratio of 1.57 (up from 1.35). A current ratio of 1.57 means current assets exceed current liabilities. Its dividend yield was 2.14% with a payout ratio of 36.1%.

Caledonia Mining Corporation Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	9.26	10.33	-	14.63	8.23	9.48
Forward P/E	8.22	6.84	9.70	5.04	4.68	-
P/S Ratio	1.99	1.04	1.69	1.18	1.29	2.03
P/B Ratio	1.78	0.77	1.04	1.01	0.82	1.22
Price/Tangible Book	1.95	0.84	1.14	1.13	0.92	1.36
Price/FCF	12.58	16.99	-	-	-	61.64
Price/OCF	6.63	4.31	15.85	3.73	4.81	6.22
Enterprise Value Ratios
EV/Revenue	2.04	1.30	1.93	1.30	1.34	1.97
EV/EBITDA	4.32	3.19	8.16	3.17	3.11	4.19
EV/EBIT	4.99	4.15	14.50	3.90	4.08	5.03
EV/FCF	12.95	21.17	-	-	-	60.00
Profitability & Returns
Return on Equity (ROE)	26.07%	10.05%	-2.53%	8.98%	13.67%	17.87%
Return on Assets (ROA)	17.12%	10.03%	4.10%	12.63%	12.21%	14.49%
Return on Invested Capital (ROIC)	24.86%	12.40%	-5.53%	14.12%	15.20%	18.02%
Return on Capital Employed (ROCE)	29.60%	17.90%	6.40%	22.20%	19.70%	22.20%
Leverage & Solvency Ratios
Debt/Equity	0.12	0.11	0.11	0.08	0.01	0.00
Debt/EBITDA	0.27	0.35	0.76	0.23	0.03	0.01
Debt/FCF	0.81	2.35	-	-	-	0.21
Liquidity Ratios
Current Ratio	1.57	1.35	1.35	1.19	2.99	4.47
Quick Ratio	0.87	0.37	0.44	0.49	1.41	2.39
Efficiency Ratios
Asset Turnover	0.67	0.51	0.49	0.60	0.59	0.59
Inventory Turnover	4.00	3.66	4.26	3.19	2.79	3.05
Yield & Distribution Ratios
Earnings Yield	10.93%	9.90%	-3.36%	7.06%	12.37%	10.80%
FCF Yield	7.95%	5.89%	-6.67%	-0.93%	-4.66%	1.62%
Dividend Yield	2.14%	5.95%	4.59%	4.52%	4.29%	2.59%
Payout Ratio	36.07%	68.73%	-	79.24%	32.97%	18.71%
Buyback Yield	-0.38%	-3.06%	-45.14%	-5.42%	-3.93%	-9.02%
Total Return	1.76%	2.89%	-40.55%	-0.91%	0.36%	-6.43%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Caledonia Mining Corporation Financial Ratios

What is Caledonia Mining Corporation's P/E ratio?

Caledonia Mining Corporation's P/E ratio was 9.26 for fiscal 2025 (period ended Dec 31, 2025). It was 10.33 a year earlier.

What is Caledonia Mining Corporation's return on equity?

Caledonia Mining Corporation's return on equity (ROE) was 26.1% for fiscal 2025 (period ended Dec 31, 2025). It was 10.1% a year earlier.

What is Caledonia Mining Corporation's debt-to-equity ratio?

Caledonia Mining Corporation's debt-to-equity ratio was 0.12 for fiscal 2025 (period ended Dec 31, 2025). It was 0.11 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition