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. In the quarter to June 2026, revenue grew 14.0%, EPS grew 158.3%, free cash flow grew 462.5% and total debt rose 9.12%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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B2Gold Corp (BTG) P/E ratio
As of 16 October 2026, B2Gold Corp (BTG) trades at a P/E ratio of 8.7×. Over the past ten years it has ranged from 0.0× (September 2025) to 387× (August 2019); the current reading is higher than 42% of that period. That is below the Gold industry median of 22.3× and below the Basic Materials sector median of 19.5×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 14.7× | — |
| FY2024 | 0.0× | — |
| FY2023 | 156× | 959.78% |
| FY2022 | 14.7× | 53.57% |
| FY2021 | 9.6× | 2.70% |
| FY2020 | 9.3× | (34.83%) |
| FY2019 | 14.3× | (85.29%) |
| FY2018 | 97.3× | 75.33% |
| FY2017 | 55.5× | 9.71% |
| FY2016 | 50.6× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 6.2× | (43.26%) |
| Mar 2026 | 10.9× | (26.02%) |
| Dec 2025 | 14.7× | (50.37%) |
| Sep 2025 | 29.6× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| FSM Fortuna Mining Corp. compare | 8.7× |
| BTG B2Gold Corp | 8.7× |
| EQX Equinox Gold Corp. compare | 10.7× |
| ARIS Aris Mining Corporation compare | 12.5× |
| CDE Coeur Mining, Inc. compare | 13.0× |
| OR OR Royalties Inc. compare | 23.5× |
| AUGO Aura Minerals Inc. compare | 24.4× |
| SSRM Silver Standard Resources Inc. compare | 27.5× |
| HMY Harmony Gold Mining Company Limited compare | 52.5× |
| Gold industry median | 22.3× |
| Basic Materials sector median | 19.5× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)