Pricing Log in Create free account
Friday 6 November 2026 Export BTG’s income statement to Excel — free account

B2Gold Corp

BTG Basic Materials Gold

B2Gold Corp’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 60.9% from fiscal 2024.

Revenue
+14.0%
EPS
+158.3%
Free cash flow
+462.5%
Total debt
+9.12%

Quarter to June 2026, against a year earlier

5.32 0.21 +4.11%
Market cap
$7.0B
P/E
8.8×
Fwd P/E
6.0×
Dividend yield
1.50%
F-score
6/9
Altman Z
2.86
Beneish M
−2.50
Dividend safety
41/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

B2Gold Corp (BTG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, B2Gold Corp (BTG) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 0.4× (January 2016) to 3.4× (August 2020); the current reading is higher than 71% of that period. That is below the Gold industry median of 2.4× and in line with the Basic Materials sector median of 1.7×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.6× 56.03%
FY2024 1.1× 7.00%
FY2023 1.0× (21.88%)
FY2022 1.3× (10.02%)
FY2021 1.4× (36.31%)
FY2020 2.2× 10.80%
FY2019 2.0× 13.70%
FY2018 1.7× (8.90%)
FY2017 1.9× 16.83%
FY2016 1.6× 128.58%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.2× (23.96%)
Mar 2026 1.6× (0.35%)
Dec 2025 1.6× (15.60%)
Sep 2025 1.9× 35.17%
42 more quarters

Against its own ten years

Low 0.4× High 3.4×
Ten-year median 1.5×
Current reading's percentile 68

P/B ratio against peers

Company P/B ratio
EQX Equinox Gold Corp. compare 1.4×
CDE Coeur Mining, Inc. compare 1.4×
SSRM Silver Standard Resources Inc. compare 1.7×
BTG B2Gold Corp 1.8×
ARIS Aris Mining Corporation compare 1.8×
OGC Oceanagold Corp. compare 2.3×
HMY Harmony Gold Mining Company Limited compare 2.4×
OR OR Royalties Inc. compare 4.5×
AUGO Aura Minerals Inc. compare 13.2×
Gold industry median 2.4×
Basic Materials sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on BTG