BTG PE Ratio & Valuation,Is BTG Overvalued

BTG Relative Valuation

BTG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BTG is overvalued; if below, it's undervalued.

Historical Valuation

B2Gold Corp (BTG) is now in the Undervalued zone, suggesting that its current forward PE ratio of 7.52 is considered Undervalued compared with the five-year average of 10.78. The fair price of B2Gold Corp (BTG) is between 6.62 to 9.22 according to relative valuation methord. Compared to the current price of 4.60 USD , B2Gold Corp is Undervalued By 30.54%.

Relative Value

Fair Zone

6.62-9.22

Current Price：4.60

30.54%

Undervalued

7.52

3.03

EV/EBITDA

B2Gold Corp. (BTG) has a current EV/EBITDA of 3.03. The 5-year average EV/EBITDA is 3.42. The thresholds are as follows: Strongly Undervalued below 2.02, Undervalued between 2.02 and 2.72, Fairly Valued between 4.12 and 2.72, Overvalued between 4.12 and 4.82, and Strongly Overvalued above 4.82. The current Forward EV/EBITDA of 3.03 falls within the Historic Trend Line -Fairly Valued range.

3.99

EV/EBIT

B2Gold Corp. (BTG) has a current EV/EBIT of 3.99. The 5-year average EV/EBIT is 5.28. The thresholds are as follows: Strongly Undervalued below 2.38, Undervalued between 2.38 and 3.83, Fairly Valued between 6.73 and 3.83, Overvalued between 6.73 and 8.18, and Strongly Overvalued above 8.18. The current Forward EV/EBIT of 3.99 falls within the Historic Trend Line -Fairly Valued range.

1.65

B2Gold Corp. (BTG) has a current PS of 1.65. The 5-year average PS is 2.10. The thresholds are as follows: Strongly Undervalued below 1.11, Undervalued between 1.11 and 1.60, Fairly Valued between 2.60 and 1.60, Overvalued between 2.60 and 3.09, and Strongly Overvalued above 3.09. The current Forward PS of 1.65 falls within the Historic Trend Line -Fairly Valued range.

4.93

P/OCF

B2Gold Corp. (BTG) has a current P/OCF of 4.93. The 5-year average P/OCF is 5.17. The thresholds are as follows: Strongly Undervalued below 2.74, Undervalued between 2.74 and 3.95, Fairly Valued between 6.38 and 3.95, Overvalued between 6.38 and 7.60, and Strongly Overvalued above 7.60. The current Forward P/OCF of 4.93 falls within the Historic Trend Line -Fairly Valued range.

18.11

P/FCF

B2Gold Corp. (BTG) has a current P/FCF of 18.11. The 5-year average P/FCF is 12.93. The thresholds are as follows: Strongly Undervalued below -43.01, Undervalued between -43.01 and -15.04, Fairly Valued between 40.90 and -15.04, Overvalued between 40.90 and 68.87, and Strongly Overvalued above 68.87. The current Forward P/FCF of 18.11 falls within the Historic Trend Line -Fairly Valued range.

B2Gold Corp (BTG) has a current Price-to-Book (P/B) ratio of 1.52. Compared to its 3-year average P/B ratio of 1.13 , the current P/B ratio is approximately 34.11% higher. Relative to its 5-year average P/B ratio of 1.33, the current P/B ratio is about 14.11% higher. B2Gold Corp (BTG) has a Forward Free Cash Flow (FCF) yield of approximately -10.27%. Compared to its 3-year average FCF yield of 2.46%, the current FCF yield is approximately -517.29% lower. Relative to its 5-year average FCF yield of 5.89% , the current FCF yield is about -274.31% lower.

1.52

P/B

Median3y

1.13

Median5y

1.33

-10.27

FCF Yield

Median3y

2.46

Median5y

5.89

Competitors Valuation Multiple

The average P/S ratio for BTG's competitors is 9.44, providing a benchmark for relative valuation. B2Gold Corp Corp (BTG) exhibits a P/S ratio of , which is -100% above the industry average. Given its robust revenue growth of 15.31%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of BTG increased by 92.59% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -4.67 to -7.73.

The secondary factor is the Revenue Growth, contributed 15.31%to the performance.

Overall, the performance of BTG in the past 1 year is driven by P/E Change. Which is more unsustainable.

15.31%

461.44M → 532.11M

Revenue Growth

11.89%

10.51 → 11.76

Margin Expansion

65.39%

-4.67 → -7.73

P/E Change

92.59%

2.39 → 4.60

Mkt Cap Growth

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Frequently Asked Questions

Is B2Gold Corp (BTG) currently overvalued or undervalued?

What is B2Gold Corp (BTG) fair value?

BTG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of B2Gold Corp (BTG) is between 6.62 to 9.22 according to relative valuation methord.

How does BTG's valuation metrics compare to the industry average?

The average P/S ratio for BTG's competitors is 9.44, providing a benchmark for relative valuation. B2Gold Corp Corp (BTG) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 15.31%, this premium appears unsustainable.

What is the current P/B ratio for B2Gold Corp (BTG) as of Dec 15 2025?

As of Dec 15 2025, B2Gold Corp (BTG) has a P/B ratio of 1.52. This indicates that the market values BTG at 1.52 times its book value.

What is the current FCF Yield for B2Gold Corp (BTG) as of Dec 15 2025?

As of Dec 15 2025, B2Gold Corp (BTG) has a FCF Yield of -10.27%. This means that for every dollar of B2Gold Corp’s market capitalization, the company generates -10.27 cents in free cash flow.

What is the current Forward P/E ratio for B2Gold Corp (BTG) as of Dec 15 2025?

As of Dec 15 2025, B2Gold Corp (BTG) has a Forward P/E ratio of 7.52. This means the market is willing to pay $7.52 for every dollar of B2Gold Corp’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for B2Gold Corp (BTG) as of Dec 15 2025?

As of Dec 15 2025, B2Gold Corp (BTG) has a Forward P/S ratio of 1.65. This means the market is valuing BTG at $1.65 for every dollar of expected revenue over the next 12 months.

BTG Valuation