Equinox Gold Corp. (EQX) P/E Ratio History
UndervaluedTrading at 29.2x vs 5Y avg 46.8x · 61th percentile · Below historical baseline · Data 2020–2026
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P/E Ratio Analysis
As of June 21, 2026, Equinox Gold Corp. (EQX) trades at a price-to-earnings ratio of 29.2x, with a stock price of $10.51 and trailing twelve-month earnings per share of $0.74.
The current P/E is 38% below its 5-year average of 46.8x. Over the past five years, EQX's P/E has ranged from a low of 3.4x to a high of 235.2x, placing the current valuation at the 61th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, EQX trades at a 24% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 182.5x.
The PEG ratio of 1.00 (P/E divided by -47% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, EQX trades roughly in line with 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 EQX 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.
EQX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
EQX 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) |
|---|---|---|---|---|
| $32B | 13.4 | 1.08 | +158% | |
| $10B | 14.6 | 0.22Best | -23% | |
| $11B | 19.5 | 0.37 | +500% | |
| $7B | 64.9 | - | +671%Best | |
| $6B | 15.4 | - | +158% | |
| $7B | 13.2Lowest | 0.49 | +78% | |
| $115B | 16.2 | 1.26 | +124% | |
| $83B | 18.8 | 0.56 | +134% | |
| $35B | 28.0 | 0.57 | +79% | |
| $46B | 17.5 | 1.01 | +123% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
EQX Historical P/E Data (2020–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $14.46 | $0.80 | 18.1x | -61% |
| FY2025 Q4 | Dec 31 2025 | $14.04 | $0.25 | 56.6x | +21% |
| FY2025 Q3 | - | $11.22 | $0.05 | 235.2x | +402% |
| FY2025 Q1 | Mar 31 2025 | $6.88 | $0.49 | 14.0x | -70% |
| FY2024 Q4 | - | $5.02 | $0.53 | 9.5x | -80% |
| FY2024 Q3 | Sep 30 2024 | $6.09 | $0.48 | 12.6x | -73% |
| FY2024 Q2 | Jun 30 2024 | $5.23 | $0.49 | 10.7x | -77% |
| FY2023 Q4 | Dec 31 2023 | $4.89 | $0.09 | 55.8x | +19% |
| FY2023 Q3 | Sep 30 2023 | $4.23 | $0.14 | 30.3x | -35% |
| FY2023 Q2 | Jun 30 2023 | $4.58 | $0.03 | 135.9x | +190% |
| FY2022 Q3 | Sep 30 2022 | $3.65 | $0.29 | 12.8x | -73% |
| FY2022 Q2 | - | $4.44 | $0.36 | 12.4x | -73% |
| FY2022 Q1 | - | $8.27 | $1.81 | 4.6x | -90% |
| FY2021 Q4 | Dec 31 2021 | $6.76 | $2.01 | 3.4x | -93% |
| FY2021 Q3 | - | $6.60 | $1.57 | 4.2x | -91% |
| FY2021 Q2 | Jun 30 2021 | $6.95 | $1.61 | 4.3x | -91% |
| FY2021 Q1 | Mar 31 2021 | $7.99 | $0.16 | 49.9x | +7% |
| FY2020 Q4 | - | $10.34 | $0.06 | 172.3x | +268% |
Average P/E for displayed period: 46.8x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
EQX — Frequently Asked Questions
Quick answers to the most common questions about buying EQX stock.
What is EQX's P/E ratio?
Equinox Gold Corp. (EQX) trailing twelve-month P/E ratio is 29.2x, based on TTM diluted EPS of $0.74. The 5-year average P/E is 46.8x and the historical range spans 3.4x to 235.2x.
Is EQX stock overvalued or undervalued?
EQX trades at 29.2x P/E, below its 5-year average of 46.8x. At the 61th percentile of its historical range (3.4x–235.2x), the stock is priced at a discount to its own history.
Is EQX stock expensive?
No, EQX is not expensive on a historical basis. The current P/E of 29.2x is below the 5-year average of 46.8x and sits at the 61th percentile of its valuation range.
What is EQX's historical P/E range?
Over the past 5 years, EQX's P/E ratio has ranged from 3.4x to 235.2x, with a median of 14.0x and an average of 46.8x. The current P/E of 29.2x places the stock at the 61th percentile of this range. Full historical data spans 2020–2026.
How does EQX's P/E compare to the S&P 500?
EQX trades at 29.2x P/E versus the S&P 500 median of 24.4x. The 20% premium to the market typically reflects higher expected earnings growth or quality.
How does EQX's valuation compare to Basic Materials peers?
Equinox Gold Corp. P/E of 29.2x compares to the Basic Materials sector median of 23.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is EQX's PEG ratio?
EQX PEG ratio is 1.00, based on a P/E of 29.2x and EPS growth of -47.1%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is EQX's earnings yield?
EQX earnings yield is 3.43%, the inverse of its 29.2x 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.