TRX Gold Corporation (TRX) Financial Ratios
28 years of historical data (1998–2025) · Basic Materials · Gold
EV/EBITDA
↓
13.48
↓-68% vs avg
5yr avg: 41.97
30Y Low3.7·High6.3
P/FCF
↓
145.10
↑+160% vs avg
5yr avg: 55.82
30Y Low42.4·High69.3
P/B Ratio
↓
2.74
↑+84% vs avg
5yr avg: 1.49
30Y Low0.7·High45.8
ROE
↑
0.8%
↓+120% vs avg
5yr avg: -4.2%
30Y Low-115%·High4%
Debt/EBITDA
↑
0.20
↑+94% vs avg
5yr avg: 0.10
30Y Low0.0·High0.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
On a free-cash-flow basis, the stock trades at 145.1x P/FCF, 160% above the 5-year average of 55.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $264M | $109M | $113M | $113M | $129M | $96M | $142M | $109M | $45M | $50M | $81M |
| Enterprise Value | $257M | $100M | $104M | $103M | $117M | $83M | $143M | $112M | $52M | $53M | $85M |
| P/E Ratio → | — | — | — | 50.21 | — | — | — | — | — | — | — |
| P/S Ratio | 4.73 | 1.38 | 2.03 | 2.18 | 6.70 | — | — | — | — | — | — |
| P/B Ratio | 2.74 | 0.78 | 1.28 | 1.37 | 1.92 | 2.09 | 5.68 | 5.91 | 1.30 | 1.39 | 2.32 |
| P/FCF | 145.10 | 42.38 | 69.25 | — | — | — | — | — | — | — | — |
| P/OCF | 22.98 | 6.71 | 7.41 | 6.52 | 43.51 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
TRX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TRX Gold Corporation's enterprise value stands at 13.5x EBITDA, 68% below its 5-year average of 42.0x. The Basic Materials sector median is 11.0x, placing the stock at a 22% premium 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 | — | 1.26 | 1.86 | 1.99 | 6.12 | — | — | — | — | — | — |
| EV / EBITDA | 13.48 | 3.69 | 5.71 | 6.25 | 152.22 | — | — | — | — | — | — |
| EV / EBIT | 16.76 | 4.90 | 6.20 | 5.41 | — | — | — | — | — | — | — |
| EV / FCF | — | 38.75 | 63.51 | — | — | — | — | — | — | — | — |
TRX Profitability
Margins and return-on-capital ratios measuring operating efficiency
TRX Gold Corporation earns an operating margin of 27.5%, significantly above the Basic Materials sector average of 10.3%. ROE of 0.8% is modest. ROIC of 15.5% 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 | 41.5% | 41.5% | 43.1% | 46.6% | 61.1% | — | — | — | — | — | — |
| Operating Margin | 27.5% | 27.5% | 26.8% | 27.6% | 2.2% | — | — | — | — | — | — |
| Net Profit Margin | 1.2% | 1.2% | -1.1% | 5.9% | -41.2% | — | — | — | — | — | — |
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 | 0.8% | 0.8% | -0.7% | 4.1% | -14.0% | -11.2% | -53.2% | -115.3% | -19.0% | -16.7% | -31.1% |
| ROA | 0.5% | 0.5% | -0.5% | 2.8% | -10.5% | -8.4% | -30.2% | -66.5% | -12.8% | -11.8% | -24.5% |
| ROIC | 15.5% | 15.5% | 14.8% | 16.7% | 0.7% | -24.9% | -24.8% | -12.0% | -9.3% | -9.9% | -5.1% |
| ROCE | 15.3% | 15.3% | 14.4% | 16.7% | 0.7% | -25.5% | -31.0% | -16.0% | -12.1% | -12.9% | -7.0% |
TRX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TRX Gold Corporation carries a Debt/EBITDA ratio of 0.2x, which is very conservative (92% below the sector average of 2.4x). The company holds a net cash position — cash of $15M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 40.2x 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 | 0.04 | 0.04 | 0.02 | 0.00 | — | — | 0.20 | 0.38 | 0.22 | 0.12 | 0.10 |
| Debt / EBITDA | 0.20 | 0.20 | 0.10 | 0.01 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.07 | -0.11 | -0.12 | -0.17 | -0.29 | 0.04 | 0.20 | 0.21 | 0.09 | 0.10 |
| Net Debt / EBITDA | -0.35 | -0.35 | -0.52 | -0.62 | -14.38 | — | — | — | — | — | — |
| Debt / FCF | — | -3.63 | -5.74 | — | — | — | — | — | — | — | — |
| Interest Coverage | 40.22 | 40.22 | 7.46 | 8.35 | 23.22 | -1396.26 | -4.01 | -10.67 | -11.28 | -16.48 | -10.51 |
Net cash position: cash ($15M) exceeds total debt ($5M)
TRX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means TRX Gold Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.51x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.93x to 1.04x 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 | 1.04 | 1.04 | 0.80 | 0.93 | 0.92 | 2.08 | 0.51 | 0.28 | 0.10 | 0.23 | 0.08 |
| Quick Ratio | 0.51 | 0.51 | 0.51 | 0.65 | 0.71 | 1.92 | 0.44 | 0.28 | 0.06 | 0.17 | 0.04 |
| Cash Ratio | 0.32 | 0.32 | 0.39 | 0.43 | 0.49 | 1.81 | 0.38 | 0.23 | 0.03 | 0.12 | 0.01 |
| Asset Turnover | — | 0.36 | 0.41 | 0.42 | 0.20 | — | — | — | — | — | — |
| Inventory Turnover | 1.89 | 1.89 | 3.78 | 4.11 | 1.57 | 0.36 | 0.31 | — | 0.77 | 0.85 | 0.93 |
| Days Sales Outstanding | — | 33.19 | 17.20 | 30.04 | 63.23 | — | — | — | — | — | — |
TRX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TRX Gold Corporation returns 0.3% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | 2.0% | — | — | — | — | — | — | — |
| FCF Yield | 0.7% | 2.4% | 1.4% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.3% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $295M | $291M | $289M | $267M | $232M | $167M | $136M | $123M | $118M | $108M |
Peer Comparison
Compare TRX 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 |
|---|---|---|---|---|---|---|---|---|---|
 TRXYou | $264M | — | 13.5 | 145.1 | 41.5% | 27.5% | 0.8% | 15.5% | 0.2 |
 GORO | $183M | -28.3 | 6.3 | 283.8 | 18.9% | 13.1% | -18.1% | 41.0% | 0.0 |
 USAU | $261M | -8.8 | — | — | — | — | -141.6% | -126.6% | — |
 GLDG | $200M | -10.1 | — | — | — | — | -20.4% | -18.3% | — |
 EGO | $7B | 13.2 | 6.7 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 SBSW | $7B | -23.4 | 4.4 | 66.8 | 23.8% | 18.5% | -10.4% | 22.9% | 1.4 |
 AU | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 HMY | $11B | 12.2 | 6.5 | 16.2 | 39.7% | 27.5% | 32.2% | 40.1% | 0.1 |
 DRD | $2B | 15.5 | 24.3 | 27.6 | 39.7% | 11.6% | 28.4% | 9.8% | 0.0 |
 BTG | $6B | 15.4 | 3.3 | 87.0 | 50.0% | 45.9% | 12.1% | 30.0% | 0.3 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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TRX — Frequently Asked Questions
Quick answers to the most common questions about buying TRX stock.
What is TRX Gold Corporation's EV/EBITDA?
TRX Gold Corporation's current EV/EBITDA is 13.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.2x.
What is TRX Gold Corporation's ROE?
TRX Gold Corporation's return on equity (ROE) is 0.8%. The historical average is -19.2%.
Is TRX stock overvalued?
Based on historical data, TRX Gold Corporation is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
What are TRX Gold Corporation's profit margins?
TRX Gold Corporation has 41.5% gross margin and 27.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does TRX Gold Corporation have?
TRX Gold Corporation's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.