Centerra Gold Inc. (CGAU) Financial Ratios
23 years of historical data (2003–2025) · Basic Materials · Gold
EV/EBITDA
↑
8.31
↑+44% vs avg
5yr avg: 5.78
30Y Low1.4·High20.0
P/FCF
↑
37.47
↑+162% vs avg
5yr avg: 14.30
30Y Low5.4·High75.3
P/B Ratio
↑
1.77
↑+83% vs avg
5yr avg: 0.97
30Y Low0.6·High3.7
ROE
↑
32.0%
↓+1337% vs avg
5yr avg: 2.2%
30Y Low-17%·High32%
Debt/EBITDA
↑
0.08
↓-26% vs avg
5yr avg: 0.11
30Y Low0.0·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CGAU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Centerra Gold Inc. trades at 6.1x earnings, 30% below its 5-year average of 8.8x, sitting at the 23rd percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.4x, the stock trades at a discount of 74%. On a free-cash-flow basis, the stock trades at 37.5x P/FCF, 162% above the 5-year average of 14.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.5B | $3.0B | $1.2B | $1.3B | $1.4B | $2.3B | $3.4B | $2.3B | $1.2B | $1.5B | $1.2B |
| Enterprise Value | $3.0B | $2.5B | $626M | $716M | $855M | $1.4B | $2.9B | $2.4B | $1.3B | $1.4B | $1.5B |
| P/E Ratio → | 6.14 | 4.97 | 16.26 | — | — | 5.09 | 7.99 | — | 11.43 | 7.10 | 7.75 |
| P/S Ratio | 2.67 | 2.22 | 1.01 | 1.19 | 1.62 | 2.53 | 4.78 | 1.69 | 1.10 | 1.25 | 1.54 |
| P/B Ratio | 1.77 | 1.44 | 0.74 | 0.78 | 0.76 | 1.12 | 1.40 | 1.13 | 0.58 | 0.74 | 0.64 |
| P/FCF | 37.47 | 31.22 | 10.78 | 8.12 | — | 7.07 | 5.71 | 67.02 | — | 6.38 | 7.39 |
| P/OCF | 10.05 | 8.38 | 4.12 | 5.30 | — | 5.49 | 3.71 | 6.96 | 5.69 | 2.98 | 3.16 |
P/E links to full P/E history page with 30-year chart
CGAU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Centerra Gold Inc.'s enterprise value stands at 8.3x EBITDA, 44% above its 5-year average of 5.8x. The Basic Materials sector median is 11.2x, placing the stock at a 26% 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 | — | 1.85 | 0.52 | 0.65 | 1.01 | 1.50 | 4.05 | 1.73 | 1.13 | 1.14 | 1.98 |
| EV / EBITDA | 8.31 | 6.70 | 1.57 | 4.85 | 12.84 | 2.94 | 20.01 | 14.85 | 3.86 | 3.28 | 4.06 |
| EV / EBIT | 12.84 | 10.35 | 8.70 | 50.10 | — | 3.35 | 102.90 | — | 10.70 | 5.11 | 9.24 |
| EV / FCF | — | 25.96 | 5.49 | 4.47 | — | 4.20 | 4.84 | 68.46 | — | 5.85 | 9.50 |
CGAU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Centerra Gold Inc. earns an operating margin of 17.9%, above the Basic Materials sector average of 10.2%. Operating margins have expanded from 1.6% to 17.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 32.0% is exceptionally high. ROIC of 13.6% represents solid 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 | 24.5% | 24.5% | 39.7% | 24.1% | 21.0% | 32.4% | 29.9% | 32.7% | 31.6% | 42.6% | 45.5% |
| Operating Margin | 17.9% | 17.9% | 6.3% | 1.6% | -4.3% | 37.1% | 6.1% | -6.2% | 8.7% | 17.4% | 22.0% |
| Net Profit Margin | 44.7% | 44.7% | 6.6% | -7.6% | -9.1% | -42.4% | 56.6% | -6.8% | 9.5% | 17.5% | 19.9% |
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 | 32.0% | 32.0% | 4.8% | -4.8% | -4.0% | -16.9% | 18.0% | -4.4% | 5.2% | 10.9% | 9.3% |
| ROA | 22.8% | 22.8% | 3.5% | -3.6% | -3.2% | -13.4% | 13.9% | -3.4% | 3.8% | 7.7% | 7.0% |
| ROIC | 13.6% | 13.6% | 5.4% | 1.1% | -2.3% | 16.4% | 1.6% | -3.0% | 3.6% | 7.7% | 7.6% |
| ROCE | 10.6% | 10.6% | 3.8% | 0.9% | -1.7% | 12.8% | 1.6% | -3.4% | 3.9% | 8.6% | 8.5% |
CGAU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Centerra Gold Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 2.7x). The company holds a net cash position — cash of $528M exceeds total debt of $30M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 60.6x 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 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.09 | 0.14 | 0.27 |
| Debt / EBITDA | 0.08 | 0.08 | 0.05 | 0.16 | 0.21 | 0.04 | 0.13 | 0.58 | 0.57 | 0.70 | 1.33 |
| Net Debt / Equity | — | -0.24 | -0.37 | -0.35 | -0.29 | -0.45 | -0.21 | 0.02 | 0.02 | -0.06 | 0.18 |
| Net Debt / EBITDA | -1.36 | -1.36 | -1.52 | -3.97 | -7.77 | -2.01 | -3.61 | 0.31 | 0.11 | -0.30 | 0.90 |
| Debt / FCF | — | -5.27 | -5.30 | -3.65 | — | -2.87 | -0.87 | 1.44 | — | -0.53 | 2.11 |
| Interest Coverage | 60.57 | 60.57 | 16.45 | 2.20 | -11.66 | 129.86 | 6.26 | -7.66 | — | 13.17 | 18.00 |
Net cash position: cash ($528M) exceeds total debt ($30M)
CGAU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Centerra Gold Inc.'s current ratio of 2.39x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.65x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.25x to 2.39x 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 | 2.39 | 2.39 | 3.50 | 3.25 | 3.60 | 5.59 | 5.32 | 3.81 | 3.55 | 2.83 | 4.48 |
| Quick Ratio | 1.65 | 1.65 | 2.67 | 2.38 | 2.45 | 4.62 | 3.07 | 0.65 | 1.01 | 1.41 | 2.09 |
| Cash Ratio | 1.21 | 1.21 | 2.21 | 2.07 | 1.94 | 4.18 | 2.13 | 0.17 | 0.65 | 1.16 | 0.71 |
| Asset Turnover | — | 0.45 | 0.54 | 0.47 | 0.37 | 0.35 | 0.23 | 0.50 | 0.40 | 0.43 | 0.29 |
| Inventory Turnover | 3.01 | 3.01 | 3.13 | 3.25 | 2.12 | 2.75 | 0.87 | 1.20 | 1.29 | 1.36 | 0.77 |
| Days Sales Outstanding | — | 37.69 | 22.55 | 23.47 | 50.28 | 31.12 | 33.45 | 24.00 | 19.25 | 19.45 | 23.08 |
CGAU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Centerra Gold Inc. returns 3.8% to shareholders annually — split between a 1.1% dividend yield and 2.7% buyback yield. The payout ratio of 7.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 16.3% (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 | 1.1% | 1.4% | 3.5% | 3.4% | 3.5% | 2.0% | 1.2% | — | — | — | 2.0% |
| Payout Ratio | 7.0% | 7.0% | 54.1% | — | — | — | 10.2% | — | — | — | 15.1% |
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 | 16.3% | 20.1% | 6.2% | — | — | 19.7% | 12.5% | — | 8.7% | 14.1% | 12.9% |
| FCF Yield | 2.7% | 3.2% | 9.3% | 12.3% | — | 14.1% | 17.5% | 1.5% | — | 15.7% | 13.5% |
| Buyback Yield | 2.7% | 3.2% | 3.6% | 1.6% | 7.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 4.6% | 7.1% | 5.0% | 11.1% | 2.0% | 1.2% | 0.0% | 0.0% | 0.0% | 2.0% |
| Shares Outstanding | — | $206M | $216M | $218M | $265M | $297M | $297M | $293M | $293M | $292M | $252M |
Peer Comparison
Compare CGAU 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 |
|---|---|---|---|---|---|---|---|---|---|
 CGAUYou | $4B | 6.1 | 8.3 | 37.5 | 24.5% | 17.9% | 32.0% | 13.6% | 0.1 |
 EGO | $7B | 13.2 | 6.7 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 CDE | $12B | 20.1 | 11.2 | 17.5 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 HL | $12B | 36.9 | 17.3 | 39.1 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 PAAS | $24B | 22.1 | 14.0 | 22.5 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 NGD | $7B | 64.9 | 17.7 | 59.1 | 53.2% | 44.4% | 57.9% | 29.5% | 0.4 |
 NEM | $126B | 17.7 | 9.0 | 17.2 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $94B | 21.2 | 11.5 | 22.1 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $36B | 15.3 | 8.3 | 14.2 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $51B | 19.3 | 9.1 | 16.3 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 IAG | $11B | 15.8 | 7.2 | 14.0 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
| Basic Materials Median | — | 23.4 | 11.2 | 28.0 | 31.6% | 10.2% | 1.0% | 4.4% | 2.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
See CGAU's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CGAU Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CGAU vs EGO
Side-by-side business, growth, and profitability comparison vs Eldorado Gold Corporation.
Start ComparisonCGAU — Frequently Asked Questions
Quick answers to the most common questions about buying CGAU stock.
What is Centerra Gold Inc.'s P/E ratio?
Centerra Gold Inc.'s current P/E ratio is 6.1x. The historical average is 12.4x. This places it at the 23th percentile of its historical range.
What is Centerra Gold Inc.'s EV/EBITDA?
Centerra Gold Inc.'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 6.8x.
What is Centerra Gold Inc.'s ROE?
Centerra Gold Inc.'s return on equity (ROE) is 32.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 6.6%.
Is CGAU stock overvalued?
Based on historical data, Centerra Gold Inc. is trading at a P/E of 6.1x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Centerra Gold Inc.'s dividend yield?
Centerra Gold Inc.'s current dividend yield is 1.15% with a payout ratio of 7.0%.
What are Centerra Gold Inc.'s profit margins?
Centerra Gold Inc. has 24.5% gross margin and 17.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Centerra Gold Inc. have?
Centerra Gold Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.