Is GFI or HMY more undervalued in 2026?

CirclFi compares Gold Fields Limited (GFI) and Harmony Gold Mining Company Lim (HMY) using 13 institutional-grade valuation models. GFI has a Quality of Company score of 2.2/10 while HMY scores 9.2/10.

Which is a better buy — GFI or HMY?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do GFI and HMY valuations compare?

GFI at $40.23 and HMY at $18.26 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

GFI vs HMY Valuation Comparison 2026 — Intrinsic Value Analysis

GFI

Gold

Gold Fields Limited

Quality

2.2

out of 10

Value Trap

—

Price

$40.23

Last close

Models

12/13

Active

HMY

Gold

Harmony Gold Mining Company Lim

Quality

9.2

out of 10

Value Trap

—

Price

$18.26

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	GFI Fair Value	GFI Upside	HMY Fair Value	HMY Upside
Bayesian DCF	Intrinsic	$13.41	-66.7%	$6.17	-66.2%
Earnings Power Value	Intrinsic	$15.92	-65.2%	$17.80	-2.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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GFI vs HMY — Which Stock Is More Undervalued?

HMY scores higher with a 9.2/10 quality rating vs GFI's 2.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Gold Fields Limited (GFI) and Harmony Gold Mining Company Lim (HMY) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

GFI currently trades at $40.23 with a QOC of 2.2/10, while HMY trades at $18.26 with a QOC of 9.2/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).