Equinox Gold Corp. (EQX) P/E Ratio History
Historical price-to-earnings valuation from 2020 to 2025
Loading P/E history...
EQX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Equinox Gold Corp. (EQX) trades at a price-to-earnings ratio of 39.9x, with a stock price of $14.37 and trailing twelve-month earnings per share of $0.36.
The current P/E is 18% below its 5-year average of 48.5x. 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 65th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.9x, EQX trades at a 74% premium to its sector peers. The sector includes 125 companies with P/E ratios ranging from 2.1x to 135.9x.
The PEG ratio of 1.37 (P/E divided by -47% EPS growth) suggests a fair valuation 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 commands a significant premium over the S&P 500 median P/E of 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $37B | 15.5 | 1.25 | +158% | |
| $11B | 15.9 | 0.24Best | -23% | |
| $12B | 20.8 | 0.40 | +500% | |
| $7B | 64.9 | - | +671%Best | |
| $6B | 16.0 | - | +158% | |
| $6B | 12.6Lowest | 0.47 | +78% | |
| $128B | 18.0 | 1.40 | +124% | |
| $95B | 21.4 | 0.64 | +134% | |
| $41B | 33.5 | 0.69 | +79% | |
| $50B | 19.0 | 1.10 | +123% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
EQX Historical P/E Data (2020–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $14.04 | $0.25 | 56.6x | +17% |
| FY2025 Q3 | $11.22 | $0.05 | 235.2x | +385% | |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $6.88 | $0.49 | 14.0x | -71% |
| FY2024 Q4 | $5.02 | $0.53 | 9.5x | -80% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $6.09 | $0.48 | 12.6x | -74% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $5.23 | $0.49 | 10.7x | -78% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $4.89 | $0.09 | 55.8x | +15% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $4.23 | $0.14 | 30.3x | -37% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $4.58 | $0.03 | 135.9x | +180% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $3.65 | $0.29 | 12.8x | -74% |
| FY2022 Q2 | $4.44 | $0.36 | 12.4x | -74% | |
| FY2022 Q1 | $8.27 | $1.81 | 4.6x | -91% |
Average P/E for displayed period: 48.5x
Full EQX Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See EQX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs EQX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare EQX vs LIN
Side-by-side business, growth, and profitability comparison vs Linde plc.
Start ComparisonEQX — Frequently Asked Questions
Quick answers to the most common questions about buying EQX stock.
Is EQX stock overvalued or undervalued?
EQX trades at 39.9x P/E, near its 5-year average of 48.5x. The 65th percentile ranking places valuation within normal historical bounds.
How does EQX's valuation compare to peers?
Equinox Gold Corp. P/E of 39.9x compares to sector median of 22.9x. The premium reflects expected growth above peers.
What is EQX's PEG ratio?
EQX PEG ratio is 1.37. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2020-2025.