B2Gold Corp. (BTG) P/E Ratio History
UndervaluedTrading at 15.4x vs 5Y avg 19.5x · 80th percentile · Below historical baseline · Data 2010–2026
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P/E Ratio Analysis
As of June 20, 2026, B2Gold Corp. (BTG) trades at a price-to-earnings ratio of 15.4x, with a stock price of $4.30 and trailing twelve-month earnings per share of $0.36.
The current P/E is 21% below its 5-year average of 19.5x. Over the past five years, BTG's P/E has ranged from a low of 7.0x to a high of 145.0x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, BTG trades at a 35% discount to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 182.5x.
Relative to the broader market, BTG trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BTG DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BTG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
BTG P/E vs Peers
Large and mid-tier gold producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 13.2Lowest | 0.49 | +78% | |
| $11B | 19.5 | 0.37 | +500% | |
| $21B | 18.8 | 0.75 | +742% | |
| $32B | 13.4 | 1.08 | +158% | |
| $10B | 14.6 | 0.22Best | -23% | |
| $46B | 17.5 | 1.01 | +123% | |
| $11B | 32.6 | - | +766%Best | |
| $115B | 16.2 | 1.26 | +124% | |
| $83B | 18.8 | 0.56 | +134% | |
| $35B | 28.0 | 0.57 | +79% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
BTG Historical P/E Data (2010–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $4.53 | $0.36 | 12.5x | -66% |
| FY2025 Q4 | Dec 31 2025 | $4.51 | $0.26 | 17.2x | -53% |
| FY2025 Q3 | - | $4.95 | $0.14 | 34.6x | -6% |
| FY2023 Q4 | Dec 31 2023 | $3.16 | $0.02 | 145.0x | +294% |
| FY2023 Q3 | Sep 30 2023 | $2.89 | $0.26 | 11.1x | -70% |
| FY2023 Q2 | Jun 30 2023 | $3.57 | $0.27 | 13.0x | -65% |
| FY2023 Q1 | Mar 31 2023 | $3.94 | $0.24 | 16.1x | -56% |
| FY2022 Q4 | Dec 31 2022 | $3.57 | $0.24 | 14.8x | -60% |
| FY2022 Q3 | Sep 30 2022 | $3.22 | $0.22 | 14.6x | -60% |
| FY2022 Q2 | - | $3.39 | $0.36 | 9.4x | -74% |
| FY2022 Q1 | - | $4.59 | $0.39 | 11.8x | -68% |
| FY2021 Q4 | Dec 31 2021 | $3.93 | $0.40 | 9.8x | -73% |
| FY2021 Q3 | - | $3.42 | $0.43 | 7.9x | -78% |
| FY2021 Q2 | Jun 30 2021 | $4.21 | $0.56 | 7.5x | -80% |
| FY2021 Q1 | Mar 31 2021 | $4.31 | $0.62 | 7.0x | -81% |
| FY2020 Q4 | - | $5.60 | $0.60 | 9.3x | -75% |
| FY2020 Q3 | Sep 30 2020 | $6.52 | $0.61 | 10.7x | -71% |
| FY2020 Q2 | - | $5.69 | $0.41 | 13.7x | -63% |
| FY2020 Q1 | - | $3.06 | $0.33 | 9.2x | -75% |
| FY2019 Q4 | - | $4.01 | $0.29 | 14.0x | -62% |
| FY2019 Q3 | Sep 30 2019 | $3.23 | $0.06 | 57.9x | +58% |
| FY2019 Q2 | Jun 30 2019 | $3.03 | $0.01 | 238.6x | +549% |
| FY2018 Q4 | Dec 31 2018 | $2.92 | $0.02 | 145.3x | +295% |
| FY2018 Q3 | Sep 30 2018 | $2.30 | $0.11 | 20.9x | -43% |
| FY2018 Q2 | Jun 30 2018 | $2.58 | $0.11 | 23.6x | -36% |
| FY2018 Q1 | Mar 31 2018 | $2.73 | $0.11 | 24.6x | -33% |
| FY2017 Q4 | Dec 31 2017 | $3.10 | $0.05 | 57.1x | +55% |
| FY2017 Q3 | Sep 30 2017 | $2.80 | $0.03 | 92.4x | +151% |
| FY2017 Q2 | Jun 30 2017 | $2.81 | $0.06 | 49.2x | +34% |
| FY2017 Q1 | Mar 31 2017 | $2.83 | $0.03 | 108.8x | +196% |
| FY2016 Q4 | Dec 31 2016 | $2.37 | $0.04 | 58.2x | +58% |
| FY2014 Q1 | Mar 31 2014 | $2.69 | $0.07 | 41.4x | +13% |
| FY2013 Q4 | - | $2.02 | $0.10 | 20.0x | -45% |
| FY2013 Q3 | Sep 30 2013 | $2.48 | $0.08 | 31.1x | -15% |
| FY2013 Q2 | Jun 30 2013 | $2.13 | $0.11 | 20.2x | -45% |
| FY2013 Q1 | Mar 31 2013 | $3.06 | $0.09 | 35.8x | -3% |
| FY2012 Q4 | Dec 31 2012 | $3.57 | $0.13 | 28.5x | -23% |
| FY2012 Q3 | Sep 30 2012 | $4.00 | $0.16 | 24.8x | -33% |
| FY2012 Q2 | Jun 30 2012 | $2.99 | $0.15 | 19.9x | -46% |
| FY2012 Q1 | Mar 31 2012 | $4.20 | $0.17 | 25.3x | -31% |
| FY2011 Q4 | Dec 31 2011 | $3.08 | $0.16 | 19.7x | -46% |
| FY2011 Q3 | Sep 30 2011 | $3.70 | $0.12 | 30.8x | -16% |
| FY2011 Q2 | - | $3.33 | $0.18 | 18.1x | -51% |
| FY2011 Q1 | - | $3.10 | $0.11 | 28.7x | -22% |
| FY2010 Q4 | Dec 31 2010 | $2.70 | $0.06 | 43.4x | +18% |
Average P/E for displayed period: 36.7x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BTG — Frequently Asked Questions
Quick answers to the most common questions about buying BTG stock.
What is BTG's P/E ratio?
B2Gold Corp. (BTG) trailing twelve-month P/E ratio is 15.4x, based on TTM diluted EPS of $0.36. The 5-year average P/E is 19.5x and the historical range spans 7.0x to 145.0x.
Is BTG stock overvalued or undervalued?
BTG trades at 15.4x P/E, below its 5-year average of 19.5x. At the 80th percentile of its historical range (7.0x–145.0x), the stock is priced at a discount to its own history.
Is BTG stock expensive?
No, BTG is not expensive on a historical basis. The current P/E of 15.4x is below the 5-year average of 19.5x and sits at the 80th percentile of its valuation range.
What is BTG's historical P/E range?
Over the past 5 years, BTG's P/E ratio has ranged from 7.0x to 145.0x, with a median of 12.5x and an average of 19.5x. The current P/E of 15.4x places the stock at the 80th percentile of this range. Full historical data spans 2010–2026.
How does BTG's P/E compare to the S&P 500?
BTG trades at 15.4x P/E versus the S&P 500 median of 24.4x. The 37% discount to the market suggests lower growth expectations or perceived higher risk.
How does BTG's valuation compare to Basic Materials peers?
B2Gold Corp. P/E of 15.4x compares to the Basic Materials sector median of 23.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is BTG's PEG ratio?
BTG PEG ratio is N/A, based on a P/E of 15.4x and EPS growth of 158.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is BTG's earnings yield?
BTG earnings yield is 6.51%, the inverse of its 15.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.