B2Gold (BTG) EV to EBITDA (2014 - 2026)
B2Gold (BTG) posted EV to EBITDA of 11.89 for Q2 2026, down 14.26% on a QoQ basis from 13.87 in Q1 2026, and down 40.03% year-over-year from 19.82 in Q2 2025.
Analysis
B2Gold (BTG) EV to EBITDA (2014 - 2026) Analysis & Trends
B2Gold has reported EV to EBITDA for 13 years, with the latest figure at 11.89 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 40.03% year-over-year to 11.89 in Q2 2026; TTM through Jun 2026 was 3.39, a 120.36% increase from a year earlier, with the FY2025 full-year figure at 6.07, up 227.47% from the prior year.
- EV to EBITDA was 11.89 for Q2 2026 at B2Gold, down from 13.87 in the prior quarter.
- The five-year high for EV to EBITDA was 193.16 in Q2 2022, with the low at 73.73 in Q3 2022.
- Average EV to EBITDA over 5 years is 27.7, with a median of 23.5 recorded in 2025.
- The sharpest annual moves came in 2022 and 2025: EV to EBITDA slumped 351.17% in 2022, then surged 573.56% in 2025.
- Over 5 years, EV to EBITDA stood at 32.29 in 2022, then tumbled by 183.96% to 27.11 in 2023, then jumped by 413.35% to 84.95 in 2024, then slumped by 81.68% to 15.56 in 2025, then slipped by 23.61% to 11.89 in 2026.
- The last three EV to EBITDA figures came in at 11.89 (Q2 2026), 13.87 (Q1 2026), and 15.56 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn |
| 2 | Barrick Mining | 76.06 Bn | 70.13 Bn | 2.90 Bn |
| 3 | AngloGold Ashanti | 55.29 Bn | 52.34 Bn | 1.70 Bn |
| 4 | Alamos Gold | 15.55 Bn | 14.87 Bn | 587.30 Mn |
| 5 | Iamgold | 11.83 Bn | 11.33 Bn | 415.10 Mn |
| 6 | Eldorado Gold | 9.03 Bn | 8.47 Bn | 302.67 Mn |
| 7 | Buenaventura Mining | 8.95 Bn | 7.99 Bn | - |
| 8 | Equinox Gold | 8.08 Bn | 8.24 Bn | 428.20 Mn |
| 9 | B2Gold | 7.32 Bn | 7.32 Bn | 308.29 Mn |
| 10 | Centerra Gold | 6.52 Bn | 6.06 Bn | 433.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.89 |
| Mar 31, 2026 | 13.87 |
| Dec 31, 2025 | 15.56 |
| Sep 30, 2025 | 27.18 |
| Jun 30, 2025 | 19.82 |
| Mar 31, 2025 | 29.14 |
| Dec 31, 2024 | 84.95 |
| Sep 30, 2024 | -5.74 |
| Jun 30, 2024 | -48.89 |
| Mar 31, 2024 | 45.73 |
| Dec 31, 2023 | -27.11 |
| Sep 30, 2023 | -39.24 |
| Jun 30, 2023 | 53.47 |
| Mar 31, 2023 | 46.54 |
| Dec 31, 2022 | 32.29 |
| Sep 30, 2022 | -73.73 |
| Jun 30, 2022 | 193.16 |
| Mar 30, 2022 | 119.76 |
| Dec 31, 2021 | 31.11 |
| Sep 30, 2021 | 29.35 |