AngloGold Ashanti Plc (AU) Financial Ratios
29 years of historical data (1997–2025) · Basic Materials · Gold
EV/EBITDA
↑
8.29
+18% vs avg
5yr avg: 7.04
30Y Low4.4·High40.9
P/FCF
↓
14.79
↓-42% vs avg
5yr avg: 25.51
30Y Low6.1·High149.7
P/B Ratio
↑
4.66
↑+98% vs avg
5yr avg: 2.36
30Y Low0.6·High4.7
ROE
↑
28.6%
↓+137% vs avg
5yr avg: 12.1%
30Y Low-46%·High31%
Debt/EBITDA
↓
0.44
↓-67% vs avg
5yr avg: 1.35
30Y Low0.4·High5.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AngloGold Ashanti Plc trades at 17.5x earnings, 8% below its 5-year average of 19.0x, sitting at the 37th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.3x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 14.8x P/FCF, 42% below the 5-year average of 25.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $45.9B | $43.3B | $9.9B | $7.9B | $8.2B | $8.8B | $9.5B | $9.3B | $5.2B | $4.2B | $4.4B |
| Enterprise Value | $45.4B | $42.8B | $10.7B | $9.3B | $9.2B | $9.8B | $10.2B | $11.1B | $7.0B | $6.3B | $6.3B |
| P/E Ratio → | 17.53 | 16.43 | 9.91 | — | 35.31 | 14.37 | 9.67 | 25.68 | 24.13 | 29.11 | 70.07 |
| P/S Ratio | 4.64 | 4.38 | 1.72 | 1.72 | 1.82 | 2.19 | 2.06 | 2.65 | 1.57 | 1.25 | 1.03 |
| P/B Ratio | 4.66 | 4.37 | 1.17 | 2.10 | 2.01 | 2.15 | 2.54 | 3.49 | 1.94 | 1.57 | 1.58 |
| P/FCF | 14.79 | 13.95 | 11.33 | — | 31.80 | 44.96 | 9.97 | 41.72 | 18.57 | 13.15 | 9.18 |
| P/OCF | 9.75 | 9.19 | 5.05 | 8.11 | 4.54 | 7.21 | 5.61 | 10.08 | 6.11 | 4.25 | 3.68 |
P/E links to full P/E history page with 30-year chart
AU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
AngloGold Ashanti Plc's enterprise value stands at 8.3x EBITDA, 18% above its 5-year average of 7.0x. The Basic Materials sector median is 11.0x, placing the stock at a 24% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.33 | 1.84 | 2.04 | 2.05 | 2.42 | 2.22 | 3.15 | 2.09 | 1.86 | 1.50 |
| EV / EBITDA | 8.29 | 7.81 | 4.63 | 7.56 | 7.99 | 7.22 | 4.92 | 9.21 | 6.47 | 4.61 | 4.67 |
| EV / EBIT | 10.18 | 9.59 | 5.82 | 43.58 | 15.07 | 12.03 | 5.73 | 14.10 | 14.12 | 11.62 | 14.40 |
| EV / FCF | — | 13.79 | 12.16 | — | 35.94 | 49.76 | 10.71 | 49.53 | 24.68 | 19.55 | 13.31 |
AU Profitability
Margins and return-on-capital ratios measuring operating efficiency
AngloGold Ashanti Plc earns an operating margin of 45.1%, significantly above the Basic Materials sector average of 9.2%. Operating margins have expanded from 12.5% to 45.1% over the past 3 years, signaling improving operational efficiency. ROE of 28.6% indicates solid capital efficiency. ROIC of 35.9% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.5% | 46.5% | 35.7% | 22.4% | 25.1% | 29.1% | 38.0% | 25.6% | 22.7% | 23.4% | 19.8% |
| Operating Margin | 45.1% | 45.1% | 26.8% | 12.5% | 11.5% | 23.2% | 32.6% | 17.6% | 14.8% | 16.0% | 12.9% |
| Net Profit Margin | 26.6% | 26.6% | 17.3% | -5.1% | 5.2% | 15.2% | 22.0% | -0.2% | 6.5% | 4.3% | 1.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.6% | 28.6% | 16.4% | -6.0% | 5.7% | 15.7% | 31.5% | -0.3% | 8.0% | 5.3% | 2.4% |
| ROA | 18.7% | 18.7% | 9.4% | -2.9% | 2.9% | 7.8% | 13.9% | -0.1% | 3.1% | 2.0% | 0.9% |
| ROIC | 35.9% | 35.9% | 16.1% | 8.3% | 7.6% | 14.8% | 25.3% | 10.5% | 8.1% | 8.6% | 8.6% |
| ROCE | 35.5% | 35.5% | 16.6% | 8.2% | 7.3% | 13.5% | 25.2% | 11.3% | 8.1% | 8.5% | 8.4% |
AU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
AngloGold Ashanti Plc carries a Debt/EBITDA ratio of 0.4x, which is very conservative (82% below the sector average of 2.5x). The company holds a net cash position — cash of $2.9B exceeds total debt of $2.4B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 20.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.25 | 0.65 | 0.53 | 0.51 | 0.56 | 0.82 | 0.76 | 0.84 | 0.79 |
| Debt / EBITDA | 0.44 | 0.44 | 0.93 | 1.96 | 1.88 | 1.55 | 1.01 | 1.83 | 1.91 | 1.66 | 1.61 |
| Net Debt / Equity | — | -0.05 | 0.09 | 0.39 | 0.26 | 0.23 | 0.19 | 0.65 | 0.64 | 0.76 | 0.71 |
| Net Debt / EBITDA | -0.09 | -0.09 | 0.32 | 1.18 | 0.92 | 0.70 | 0.34 | 1.45 | 1.60 | 1.51 | 1.45 |
| Debt / FCF | — | -0.16 | 0.83 | — | 4.14 | 4.80 | 0.75 | 7.80 | 6.10 | 6.41 | 4.13 |
| Interest Coverage | 20.30 | 20.30 | 9.65 | 4.39 | 3.68 | 8.50 | 10.85 | 4.34 | 2.97 | 3.82 | 24.73 |
Net cash position: cash ($2.9B) exceeds total debt ($2.4B)
AU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
AngloGold Ashanti Plc's current ratio of 2.87x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.20x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.80x to 2.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.87 | 2.87 | 2.19 | 1.80 | 2.43 | 2.59 | 2.43 | 1.16 | 1.55 | 1.75 | 1.53 |
| Quick Ratio | 2.20 | 2.20 | 1.45 | 1.12 | 1.55 | 1.74 | 1.67 | 0.79 | 0.73 | 0.95 | 0.65 |
| Cash Ratio | 1.81 | 1.81 | 0.99 | 0.80 | 1.25 | 1.40 | 1.43 | 0.27 | 0.42 | 0.25 | 0.29 |
| Asset Turnover | — | 0.66 | 0.44 | 0.56 | 0.56 | 0.50 | 0.60 | 0.51 | 0.50 | 0.47 | 0.59 |
| Inventory Turnover | 4.92 | 4.92 | 3.53 | 4.29 | 4.36 | 4.06 | 3.89 | 4.15 | 3.96 | 3.81 | 5.04 |
| Days Sales Outstanding | — | 5.02 | 35.98 | 23.90 | 14.52 | 19.57 | 13.74 | 25.89 | 22.87 | 23.87 | 22.04 |
AU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AngloGold Ashanti Plc returns 4.0% to shareholders annually primarily through dividends. The payout ratio of 71.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 4.3% | 2.5% | 1.4% | 2.5% | 2.7% | 0.5% | 0.3% | 0.5% | 0.9% | 0.3% |
| Payout Ratio | 71.0% | 71.0% | 24.3% | — | 87.1% | 39.1% | 4.7% | — | 11.1% | 26.9% | 23.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.1% | 10.1% | — | 2.8% | 7.0% | 10.3% | 3.9% | 4.1% | 3.4% | 1.4% |
| FCF Yield | 6.8% | 7.2% | 8.8% | — | 3.1% | 2.2% | 10.0% | 2.4% | 5.4% | 7.6% | 10.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.0% | 4.3% | 2.5% | 1.6% | 2.5% | 2.7% | 0.5% | 0.3% | 0.5% | 0.9% | 0.3% |
| Shares Outstanding | — | $508M | $431M | $421M | $421M | $420M | $419M | $418M | $417M | $415M | $415M |
Peer Comparison
Compare AU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AUYou | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 NEM | $121B | 17.0 | 8.7 | 16.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $89B | 20.1 | 10.9 | 20.9 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $35B | 14.5 | 7.8 | 13.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 GFI | $37B | 30.3 | 14.5 | 52.7 | 42.5% | 40.2% | 24.9% | 24.0% | 1.1 |
 EGO | $6B | 11.7 | 6.0 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 IAG | $10B | 14.0 | 6.4 | 12.4 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 HMY | $10B | 11.2 | 5.9 | 14.9 | 39.7% | 27.5% | 32.2% | 40.1% | 0.1 |
 BTG | $6B | 15.1 | 3.1 | 85.3 | 50.0% | 46.1% | 12.3% | 30.7% | 0.3 |
 OR | $7B | 32.3 | 27.0 | 31.6 | 83.4% | 72.9% | 18.3% | 14.1% | 0.0 |
 WPM | $57B | 38.1 | 28.9 | 99.1 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
| Basic Materials Median | — | 22.3 | 11.0 | 25.6 | 31.3% | 9.2% | 0.0% | 4.5% | 2.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAU — Frequently Asked Questions
Quick answers to the most common questions about buying AU stock.
What is AngloGold Ashanti Plc's P/E ratio?
AngloGold Ashanti Plc's current P/E ratio is 17.5x. The historical average is 30.2x. This places it at the 37th percentile of its historical range.
What is AngloGold Ashanti Plc's EV/EBITDA?
AngloGold Ashanti Plc's current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is AngloGold Ashanti Plc's ROE?
AngloGold Ashanti Plc's return on equity (ROE) is 28.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.9%.
Is AU stock overvalued?
Based on historical data, AngloGold Ashanti Plc is trading at a P/E of 17.5x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is AngloGold Ashanti Plc's dividend yield?
AngloGold Ashanti Plc's current dividend yield is 4.05% with a payout ratio of 71.0%.
What are AngloGold Ashanti Plc's profit margins?
AngloGold Ashanti Plc has 46.5% gross margin and 45.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does AngloGold Ashanti Plc have?
AngloGold Ashanti Plc's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.