Spdr Gold Trust (GLD) EV to EBITDA (2009 - 2026)
Spdr Gold Trust's (GLD) quarterly EV to EBITDA came in at 2.86 in Q2 2026, up 175.44% year-over-year from 1.04 in Q2 2025, and up 117.84% quarter-over-quarter from 16.06 in Q1 2026.
Analysis
Spdr Gold Trust (GLD) EV to EBITDA (2009 - 2026) Analysis & Trends
Spdr Gold Trust (GLD) has reported EV to EBITDA for 18 consecutive years, with 2.86 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 175.44% year-over-year to 2.86 in Q2 2026; TTM through Jun 2026 was 759.43, a 2.3% increase from a year earlier, with the FY2025 full-year figure at 3.58, down 11496.47% from the prior year.
- EV to EBITDA was 2.86 for Q2 2026 at Spdr Gold Trust, up from 16.06 in the prior quarter.
- Over five years, EV to EBITDA peaked at 2.86 in Q2 2026 and troughed at 1112.16 in Q1 2022.
- A 5-year average of 561.09 and a median of 913.56 in 2023 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA slumped 10893.92% in 2025 and jumped 175.44% in 2026, its largest moves.
- Over 5 years, EV to EBITDA stood at 1044.27 in 2022, then decreased by 0.12% to 1045.56 in 2023, then surged by 99.6% to 4.21 in 2024, then surged by 129.92% to 1.26 in 2025, then soared by 127.21% to 2.86 in 2026.
- The last three EV to EBITDA figures came in at 2.86 (Q2 2026), 16.06 (Q1 2026), and 1.26 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 173.88 Bn | 160.24 Bn | - |
| 2 | Spdr Gold Trust | 143.21 Bn | -414.80 Bn | - |
| 3 | World Gold Trust | 30.03 Bn | -73.04 Bn | - |
| 4 | Ishares Gold Trust | 27.84 Bn | -32.27 Bn | - |
| 5 | Principal Financial | 25.04 Bn | -27.21 Bn | 1.91 Bn |
| 6 | iShares Silver Trust | 23.18 Bn | -5.03 Bn | - |
| 7 | Franklin Resources | 17.63 Bn | 15.39 Bn | - |
| 8 | Invesco | 14.60 Bn | 14.32 Bn | 1.79 Bn |
| 9 | Affiliated Managers | 9.57 Bn | 10.05 Bn | - |
| 10 | Voya Financial | 9.43 Bn | 8.80 Bn | 1.34 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.86 |
| Mar 31, 2026 | -16.06 |
| Dec 31, 2025 | 1.26 |
| Sep 30, 2025 | -12.01 |
| Jun 30, 2025 | -3.80 |
| Mar 31, 2025 | -4.91 |
| Dec 31, 2024 | -4.21 |
| Sep 30, 2024 | 0.11 |
| Jun 30, 2024 | -996.90 |
| Mar 31, 2024 | -1,060.94 |
| Dec 31, 2023 | -1,045.56 |
| Sep 30, 2023 | -924.36 |
| Jun 30, 2023 | -962.65 |
| Mar 31, 2023 | -1,071.44 |
| Dec 31, 2022 | -1,044.27 |
| Sep 30, 2022 | -902.77 |
| Jun 30, 2022 | -941.76 |
| Mar 31, 2022 | -1,112.16 |
| Dec 31, 2021 | -1,005.01 |
| Sep 30, 2021 | -947.49 |