B2Gold (BTG) EV to EBITDA (2016 - 2026)
B2Gold's EV to EBITDA came in at 3.56 for Q3 2026, down 53.0% from 7.58 a year earlier but up 20.5% from the prior quarter.
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Analysis
B2Gold (BTG) EV to EBITDA (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, B2Gold reported EV to EBITDA of 2.95, down 53.8% year-over-year; for FY2025, it was 6.07.
- Going back by year, EV to EBITDA was 27.74 in FY2022 (+159.4%) and 10.69 in FY2021 (+46.2%).
- The five-year range for quarterly EV to EBITDA is 2.95 (Q2 2026) to 7.58 (Q3 2025).
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2023 (growth of 23.7%), and the weakest in Q4 2021 (a decline of 53.9%).
- Business Quant data shows BTG's EV to EBITDA at 2.95 (Q2 2026), 3.92 (Q1 2026) and 4.97 (Q4 2025) in the three quarters before Q3 2026.
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 | 3.56 |
| Jun 30, 2026 | 2.95 |
| Mar 31, 2026 | 3.92 |
| Dec 31, 2025 | 4.97 |
| Sep 30, 2025 | 7.58 |
| Sep 30, 2023 | 4.24 |
| Jun 30, 2023 | 3.80 |
| Mar 31, 2023 | 4.28 |
| Dec 31, 2022 | 4.00 |
| Sep 30, 2022 | 3.58 |
| Jun 30, 2022 | 3.07 |
| Mar 31, 2022 | 4.23 |
| Dec 31, 2021 | 3.37 |
| Sep 30, 2021 | 5.21 |
| Jun 30, 2021 | 6.63 |
| Mar 31, 2021 | 5.66 |
| Dec 31, 2020 | 7.31 |
| Sep 30, 2020 | 8.42 |
| Jun 30, 2020 | 11.41 |
| Mar 31, 2020 | 8.57 |
API Access
B2Gold EV to EBITDA 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-ebitda&ticker=BTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=BTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();