Latest Ratios: P/E Ratio -77.7x · EV/EBITDA 10.0x · ROE -18.1%. (2004–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $275M | $626M | $85M | $133M | $541M | $472M | $823M | $1.4B | $934M | $1.0B | $970M |
| Enterprise Value | $250M | $601M | $83M | $127M | $517M | $438M | $797M | $1.4B | $930M | $995M | $955M |
| P/E Ratio → | -77.66 | — | — | — | — | 56.73 | — | 246.22 | 100.00 | 251.43 | 217.50 |
| P/S Ratio | 2.95 | 6.71 | 1.31 | 1.36 | 3.89 | 3.80 | 9.07 | 11.97 | 7.81 | 9.32 | 11.72 |
| P/B Ratio | 11.38 | 14.22 | 3.10 | 1.66 | 4.84 | 3.91 | 9.09 | 8.98 | 7.34 | 9.04 | 9.06 |
| P/FCF | 427.23 | 972.33 | — | — | — | 33.29 | 36.43 | 317.37 | — | 99.37 | 351.44 |
| P/OCF | 12.68 | 28.85 | — | — | 38.20 | 13.56 | 23.24 | 66.29 | 41.96 | 28.45 | 54.17 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.45 | 1.28 | 1.30 | 3.72 | 3.53 | 8.79 | 11.88 | 7.78 | 9.15 | 11.55 |
| EV / EBITDA | 10.04 | 24.13 | — | 14.86 | 14.74 | 11.38 | 23.09 | 42.25 | 24.53 | 22.97 | 45.79 |
| EV / EBIT | 20.47 | 44.11 | — | — | 231.07 | 24.83 | 1228.63 | 90.89 | 56.16 | 34.94 | 104.47 |
| EV / FCF | — | 933.57 | — | — | — | 30.91 | 35.30 | 315.09 | — | 97.55 | 346.30 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 18.9% | 18.9% | -36.8% | -11.3% | 12.3% | 24.7% | 33.1% | 18.5% | 27.8% | 33.5% | 21.3% |
| Operating Margin | 13.1% | 13.1% | -44.4% | -18.7% | 5.1% | 17.8% | 18.7% | 11.3% | 18.7% | 26.0% | 9.8% |
| Net Profit Margin | -6.9% | -6.9% | -87.3% | -24.7% | -4.5% | 6.5% | -7.0% | 4.7% | 7.8% | 3.8% | 5.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.1% | -18.1% | -104.9% | -25.1% | -5.4% | 7.6% | -5.1% | 3.9% | 7.8% | 3.8% | 4.5% |
| ROA | -3.9% | -3.9% | -34.3% | -12.3% | -3.0% | 5.0% | -4.2% | 3.2% | 6.6% | 3.3% | 3.9% |
| ROIC | 41.0% | 41.0% | -43.2% | -16.9% | 6.0% | 21.8% | 11.9% | 7.4% | 15.5% | 22.8% | 7.2% |
| ROCE | 8.2% | 8.2% | -18.9% | -10.2% | 3.8% | 15.8% | 13.1% | 9.0% | 17.9% | 24.9% | 8.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | — | — | — | — | — | — | 0.03 | 0.03 | — |
| Debt / EBITDA | 0.00 | 0.00 | — | — | — | — | — | — | 0.09 | 0.09 | — |
| Net Debt / Equity | — | -0.57 | -0.06 | -0.08 | -0.21 | -0.28 | -0.28 | -0.06 | -0.03 | -0.17 | -0.13 |
| Net Debt / EBITDA | -1.00 | -1.00 | — | -0.73 | -0.67 | -0.88 | -0.74 | -0.31 | -0.12 | -0.43 | -0.68 |
| Debt / FCF | — | -38.76 | — | — | — | -2.38 | -1.12 | -2.28 | — | -1.82 | -5.13 |
| Interest Coverage | 0.82 | 0.82 | -3.57 | -3.01 | 2.47 | — | — | — | — | — | — |
Net cash position: cash ($25M) exceeds total debt ($49000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.85 | 2.85 | 1.14 | 2.34 | 1.87 | 1.99 | 3.55 | 1.82 | 1.77 | 2.83 | 3.27 |
| Quick Ratio | 2.38 | 2.38 | 0.67 | 1.52 | 1.32 | 1.64 | 2.72 | 1.34 | 0.95 | 2.06 | 2.27 |
| Cash Ratio | 1.45 | 1.45 | 0.11 | 0.55 | 0.96 | 1.14 | 2.10 | 0.36 | 0.65 | 1.75 | 1.95 |
| Asset Turnover | — | 0.51 | 0.44 | 0.53 | 0.66 | 0.58 | 0.86 | 0.61 | 0.80 | 0.82 | 0.70 |
| Inventory Turnover | 9.18 | 9.18 | 12.76 | 11.70 | 9.04 | 9.02 | 6.07 | 7.16 | 6.02 | 6.22 | 7.28 |
| Days Sales Outstanding | — | 51.87 | 12.31 | 16.19 | 13.34 | 25.49 | 17.01 | 25.74 | 6.97 | 9.68 | 2.91 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | 0.7% | 0.7% | 0.3% | 0.1% | 0.1% | 0.1% | 0.2% |
| Payout Ratio | — | — | — | — | — | 41.9% | — | 27.0% | 12.4% | 27.4% | 38.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 1.8% | — | 0.4% | 1.0% | 0.4% | 0.5% |
| FCF Yield | 0.2% | 0.1% | — | — | — | 3.0% | 2.7% | 0.3% | — | 1.0% | 0.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 0.7% | 0.3% | 0.1% | 0.1% | 0.1% | 1.5% |
| Shares Outstanding | — | $137M | $92M | $89M | $88M | $76M | $71M | $64M | $58M | $58M | $56M |
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying GORO stock.
Goldgroup Mining Inc.'s current P/E ratio is -77.7x. The historical average is 83.5x.
Goldgroup Mining Inc.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.2x.
Goldgroup Mining Inc.'s return on equity (ROE) is -18.1%. The historical average is -33.9%.
Based on historical data, Goldgroup Mining Inc. is trading at a P/E of -77.7x. Compare with industry peers and growth rates for a complete picture.
Goldgroup Mining Inc. has 18.9% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
Goldgroup Mining Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Single-asset operational dependency
Metrics are mathematically derived from official filings.
Market Pricing Reflects Asset Uncertainty
Based on reported financial data, GORO trades at a forward P/E of 27.60, which appears to discount the company's long-term growth potential while simultaneously pricing in the significant execution risks associated with the Back Forty project and the volatility of its Mexican production base.
The current EV/EBITDA multiple of 6.61 suggests that the market is valuing the company as a mature, potentially declining asset rather than a growth-oriented developer. Investors should monitor whether this valuation gap persists, as it may imply a lack of confidence in the company's ability to successfully transition its capital allocation toward the Michigan development project.
Margin Volatility Obscures Earning Power
According to recent financial statements, GORO's net margin of -6.93% highlights a persistent struggle to convert top-line revenue into bottom-line earnings, a trend that appears driven by high fixed costs and the non-cash depletion charges inherent in the company's current mining operations.
While gross margins have shown signs of recovery, the inability to maintain consistent operating profitability suggests that the company's cost structure remains highly sensitive to inflationary pressures and ore grade variability. This lack of margin stability warrants further investigation into whether the current operational footprint can support the company's long-term strategic objectives.
Capital Efficiency Remains Highly Cyclical
As reported in quarterly filings, GORO's ROIC has fluctuated dramatically, reaching a peak of 105.5% in 2025Q4 before retreating, a pattern that underscores the company's reliance on favorable commodity price cycles to generate meaningful returns on its invested capital base.
The extreme variance in ROIC suggests that the company's capital allocation strategy is currently at the mercy of external metal price volatility rather than internal operational efficiency. Investors should be cautious, as the recent decline in returns may indicate that the company is struggling to maintain its competitive advantage in a challenging cost environment.
Working Capital Management Under Pressure
Based on the provided quarterly data, GORO's cash conversion cycle has shown significant volatility, with a 2026Q1 reading of 35 days, reflecting the operational challenges of managing inventory and receivables within a complex, multi-metal concentrate production model.
The fluctuation in the cash conversion cycle suggests that the company's working capital management is heavily influenced by the timing of concentrate shipments and smelter settlements. This operational complexity may be creating temporary liquidity constraints that require careful monitoring as the company attempts to fund its development pipeline.
Misapplication of P/E Multiples
As indicated by the company's financial records, the P/E ratio is a frequently misapplied metric for GORO, as it fails to account for the significant non-cash depletion charges and provisional pricing adjustments that distort the company's reported earnings on a quarterly basis.
Investors should instead focus on EV/EBITDA or cash-flow-based metrics, which provide a more accurate representation of the company's ability to generate liquidity from its mining assets. Relying on P/E ratios in this context may lead to an inaccurate assessment of the company's true earning power and its capacity to fund future growth.