B2Gold (BTG) EV to CFO (2014 - 2026)
B2Gold's (BTG) EV to CFO came in at 6.83 for Q3 2026, down 19.7% from 8.50 a year earlier but up 32.3% from the prior quarter.
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Analysis
B2Gold (BTG) EV to CFO (2014 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to CFO at B2Gold was 5.66, down 20.9% year-over-year; for FY2025, it was 6.38, up 90.9% from FY2024.
- In prior years, B2Gold's EV to CFO was 3.34 in FY2024 (-38.9%), 5.47 in FY2023 (-0.9%), 5.52 in FY2022 (+11.7%) and 4.94 in FY2021 (-14.5%).
- Quarterly EV to CFO has run from a low of 2.40 in Q1 2024 to a high of 10.06 in Q1 2025 over five years.
- On a year-over-year basis, EV to CFO has declined in each of the last three quarters, with growth averaging 70.8% over the last eight quarters.
- The strongest year-over-year quarter for EV to CFO in the past five years was Q1 2025, with growth of 318.5%; the weakest was Q1 2026, with a decline of 55.4%.
- According to Business Quant data, EV to CFO for the three prior quarters was 5.16 (Q2 2026), 4.49 (Q1 2026) and 6.38 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nucor | 175.24 Bn | 165.01 Bn | 2.33 Bn |
| 2 | Rio Tinto | 166.15 Bn | 128.95 Bn | - |
| 3 | Southern Copper | 143.83 Bn | 118.64 Bn | 3.10 Bn |
| 4 | Rio Tinto | 137.31 Bn | 104.37 Bn | - |
| 5 | Newmont | 124.66 Bn | 89.98 Bn | 4.22 Bn |
| 6 | Ternium | 102.52 Bn | 75.29 Bn | 1.04 Bn |
| 7 | Agnico Eagle Mines | 95.19 Bn | 82.13 Bn | 2.15 Bn |
| 8 | Freeport-Mcmoran | 86.53 Bn | 83.18 Bn | 2.55 Bn |
| 9 | Barrick Mining | 66.50 Bn | 50.91 Bn | 2.71 Bn |
| 10 | B2Gold | 7.09 Bn | 5.69 Bn | 365.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.83 |
| Jun 30, 2026 | 5.16 |
| Mar 31, 2026 | 4.49 |
| Dec 31, 2025 | 6.38 |
| Sep 30, 2025 | 8.50 |
| Jun 30, 2025 | 8.35 |
| Mar 31, 2025 | 10.06 |
| Dec 31, 2024 | 3.34 |
| Sep 30, 2024 | 3.88 |
| Jun 30, 2024 | 2.88 |
| Mar 31, 2024 | 2.40 |
| Dec 31, 2023 | 5.47 |
| Sep 30, 2023 | 3.73 |
| Jun 30, 2023 | 4.52 |
| Mar 31, 2023 | 5.31 |
| Dec 31, 2022 | 5.52 |
| Sep 30, 2022 | 4.97 |
| Jun 30, 2022 | 3.76 |
| Mar 31, 2022 | 6.28 |
| Dec 31, 2021 | 4.94 |
API Access
B2Gold EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "BTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();