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Globex Mining Enterprises Inc. (GMX) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Globex Mining Enterprises Inc. stock C$1.56, price C$1.99, that is 21.6% below the price, quality 50 out of 100. Rating: overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CA · ISIN CA3799005093

GM Globex Mining Enterprises Inc. logo Some data Nov 9, 2026

Globex Mining Enterprises Inc.

GMX · TO

Expensive (fair value 22% below the price) and company just short of the bar, but rising price: meets 1 of 3 rules.

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Rising price (uptrend) 
Low debt 
Ranks above peers (7/10) 
Quality 50/100 
Mixed Growth (revenue YoY −2.0 %/yr in CAD) 
Moderate moat 54/100
Some data 
Fair value C$1.56 · Overvalued 
Negative free cash flow 
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$2.86 C$0.6000 Fair Value C$1.56 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range C$0.6000 – C$2.86 · fair‑value band C$1.17 – C$1.95 · the C$1.99 price screens above the C$1.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.

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Company profile

Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America.

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The company has a mineral portfolio of approximately 271 early to mid-stage exploration, development and royalty properties containing base metals, including copper, nickel, zinc, and lead; and precious metals, such as gold, silver, platinum, and palladium.

It also explores for specialty metals and minerals comprising manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, and antimony, as well as rare earths and associated elements; and industrial minerals consisting of mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite, talc, and magnesite.

Globex Mining Enterprises Inc. was incorporated in 1949 and is headquartered in Toronto, Canada.

Stock analysis

Globex Mining Enterprises Inc. (GMX) currently trades at C$1.99, while our model-based Fair Value estimate is C$1.56, 22% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of C$4.59 per share, and 5 of the 10 models we run sit above the C$1.99 price.

Bear case: the Asset-Based group reads lowest at C$0.6700, and 5 of the 10 models stay below the price. Data coverage for this calculation is medium.

Scenario range: C$1.17 (bear) to C$1.95 (bull), the price of C$1.99 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector.

Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.

Globex Mining Enterprises Inc. reported revenue of C$1.5M in FY2025 versus C$35.3M in FY2021, a compound −55.0%/yr. Reported net income was C$6.1M in FY2025, compounding −28.9%/yr from FY2021.

Key figures

Market cap C$114M (≈ $80.1M) Micro · P/E ratio 13.3 · P/S ratio 55.5 · EPS (TTM) C$0.1500 · Return on equity 22.0% · Return on assets (EBIT) 13.3% (5-year average) · Operating margin 12.9% · Revenue (TTM) C$2.7M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (medium confidence).

What moves the price

The share trades about 30% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −9% fair-value upside, at −22%, GMX screens richer than that median.

Fair Value models

Bear C$1.17 Fair Value C$1.56 Bull C$1.95
Price C$1.99 · Downside -21.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.1303 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Owner Earnings C$1.63 C$3.19 C$5.93 70
Residual Income C$0.6400 C$0.7500 C$1.04 68
Growth-Adj P/E C$3.21 C$4.59 C$5.96 65
All 10 models by family
DCF Models
Owner Earnings C$1.63 C$3.19 C$5.93 70
Earnings-Based
Graham-Dodd C$0.7200 C$5.05 C$7.09 61
Lynch FV C$2.61 C$3.73 C$4.84 59
PEG = 1.0 C$2.61 C$3.73 C$4.84 55
Multiples
P/E Multiple C$1.36 C$1.81 C$2.26 63
P/S Multiple C$0.0300 C$0.0400 C$0.0500 58
P/B Multiple C$1.17 C$1.56 C$1.95 55
Asset-Based
NCAV (Graham) C$0.4400 C$0.6700 C$0.8400 54
Economic Profit
Residual Income C$0.6400 C$0.7500 C$1.04 68
Growth Earnings
Growth-Adj P/E C$3.21 C$4.59 C$5.96 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 50/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 50
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 78
Debt, balance sheet and risk of trouble
Investment 48
Does it invest with discipline instead of growing at any price?
Low Volatility 41
How calm the share price moves, does not count
Price momentum 44
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 39
Distance to the 52-week high, does not count
New shares 76
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.61% → −252%
2025 sits 345% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

GMX screens overvalued: fair value 22% below the price. Compare with BHP Group →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 50 · Top 25%
Fair Value upside −21.6% · Below median
Profitability
Return on equity (12 months) 22.0% · Top 25%
Return on assets 15.0% · Top 25%
Operating margin (12 months) 12.9% · Above median
Growth and dividend
Revenue growth (quarter YoY) 13.7% · Above median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/E (12 months) 13.3× · Cheaper than median
P/B 2.84× · Pricier than median
P/S (12 months) 41.96× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)5 · sector 8
FUTURE (revenue growth)68 · sector 45
PAST (return on equity)88 · sector 0
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 34

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹260.40 ₹334.17 +28% vs GMX
Western Mining Co 601168 ¥27.63 ¥31.35 +13% vs GMX
Saudi Arabian Mining Company 1211 58.55 SAR 64.57 SAR +10% vs GMX
Hindustan Zinc Limited HINDZINC ₹567.35 ₹624.91 +10% vs GMX
Boliden AB BOL kr 509.40 kr 464.45 −9% vs GMX
Zhejiang Huayou Cobalt Co 603799 ¥31.17 ¥25.57 −18% vs GMX
BHP Group BHP A$58.86 A$48.03 −18% vs GMX
Korea Zinc Company 010130 902,000 KRW 649,125 KRW −28% vs GMX
CMOC Group 603993 ¥13.34 ¥6.82 −49% vs GMX
China Tungsten And Hightech Materials Co 000657 ¥40.82 ¥4.44 −89% vs GMX

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Globex Mining Enterprises Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Globex Mining Enterprises Inc. Fair Value". https://www.fairvalue-calculator.com/stock/GMX

Frequently asked questions

Is Globex Mining Enterprises Inc. (GMX) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of C$1.56 versus a price of C$1.99, about 22% lower (overvalued).
What is the fair value of GMX?
Our model-based fair value for Globex Mining Enterprises Inc. is C$1.56 (as of Nov 9, 2026), built from audited fundamentals. The current price: C$1.99.
What is the quality score of GMX?
Globex Mining Enterprises Inc. has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Globex Mining Enterprises Inc. (GMX)?
Our model-based price target is the fair value of C$1.56 (as of Nov 9, 2026) from 10 valuation models. Cautious scenario C$1.17, optimistic scenario C$1.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Globex Mining Enterprises Inc. stock forecast for 2026?
Our models put fair value at C$1.56, about 22% lower versus a price of C$1.99 (overvalued). Cautious scenario C$1.17, optimistic scenario C$1.95. The calculation is refreshed regularly with new filings.
What is the revenue of Globex Mining Enterprises Inc. (GMX)?
Globex Mining Enterprises Inc. reported trailing-twelve-month revenue of about C$2.7M (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Globex Mining Enterprises Inc. (GMX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Globex Mining Enterprises Inc. it is C$1.56 per share (as of Nov 9, 2026), against a price of C$1.99. It is the blended result of 10 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Globex Mining Enterprises Inc. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, GMX trades above its calculated fair value: price C$1.99, fair value C$1.56, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GMX?
No. The price is what the market pays today (C$1.99); the fair value is what the company's own numbers justify (C$1.56). For Globex Mining Enterprises Inc. the two are C$0.4300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Globex Mining Enterprises Inc. worth?
The market values Globex Mining Enterprises Inc. at about C$114M (market capitalisation, as of Nov 9, 2026). Per share that is C$1.99; our models calculate a fair value of C$1.56 per share.
What do the bullish and bearish scenarios say about GMX?
Our models span a range for Globex Mining Enterprises Inc.: cautious scenario C$1.17, base C$1.56, optimistic C$1.95 per share (as of Nov 9, 2026, price C$1.99). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GMX?
Globex Mining Enterprises Inc. trades at a price-to-earnings ratio of 13.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$1.56 is built from several models across several years. Other multiples: P/B 2.8, P/S 42.0.
How solid is the balance sheet of Globex Mining Enterprises Inc. (GMX)?
Balance-sheet figures for Globex Mining Enterprises Inc. (as of Nov 9, 2026): return on equity 22.0%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is GMX from its 52-week high?
Globex Mining Enterprises Inc. trades at C$1.99, about 30% below its 52-week high of C$2.86 and 20% above the low of C$1.66 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$1.56 is for.
Which stocks are comparable to Globex Mining Enterprises Inc.?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Globex Mining Enterprises Inc. stock attractive at the current price?
The data as of Nov 9, 2026: price C$1.99, calculated fair value C$1.56 (−22%), Quality Score 50/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GMX calculated?
We run Globex Mining Enterprises Inc. through 10 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$1.56 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. Globex Mining Enterprises Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Globex Mining Enterprises Inc. (GMX)?
The closing price on Nov 12, 2026 was C$1.99. Our model-based fair value is C$1.56, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Globex Mining Enterprises Inc. right now?
The price sits above even our optimistic bull case (C$1.95). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Globex Mining Enterprises Inc.

How large is the market capitalisation of Globex Mining Enterprises Inc. (GMX)?
The market capitalisation of Globex Mining Enterprises Inc. is C$114M (≈ $80.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Globex Mining Enterprises Inc. (GMX)?
The price-to-sales ratio of Globex Mining Enterprises Inc. is 55.5 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Globex Mining Enterprises Inc. (GMX)?
Earnings per share at Globex Mining Enterprises Inc. are C$0.1500 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Globex Mining Enterprises Inc. (GMX)?
The return on equity (ROE) of Globex Mining Enterprises Inc. is 22.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Globex Mining Enterprises Inc. (GMX)?
On an EBIT basis the return on assets of Globex Mining Enterprises Inc. is 13.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Globex Mining Enterprises Inc. (GMX)?
The operating margin of Globex Mining Enterprises Inc. is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Globex Mining Enterprises Inc. (GMX)?
Revenue at Globex Mining Enterprises Inc. is growing +13.7% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Globex Mining Enterprises Inc. (GMX)?
Earnings per share at Globex Mining Enterprises Inc. are growing +285% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Globex Mining Enterprises Inc. (GMX) generate?
The free cash flow of Globex Mining Enterprises Inc. is −C$1.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Globex Mining Enterprises Inc. (GMX) hold?
Globex Mining Enterprises Inc. holds more cash than debt, C$1.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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