B2Gold Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	6,054	5,955	3,333	3,922	3,713	3,783
Market Cap Growth	55.17%	78.68%	-15.02%	5.63%	-1.86%	-29.80%
Enterprise Value	6,310	6,184	3,474	3,892	3,219	3,308
PE Ratio	15.06	16.07	-5.10	316.00	14.75	9.85
Forward PE	6.43	4.53	7.26	12.46	9.05	8.23
PEG Ratio	-	1.38	1.38	1.38	1.38	1.38
PS Ratio	1.98	1.97	1.70	2.13	2.20	2.36
PB Ratio	1.66	1.68	1.08	1.08	1.26	1.46
P/TBV Ratio	1.87	2.55	1.54	1.36	1.71	1.85
P/FCF Ratio	93.24	-341.38	-34.57	-42.70	14.99	9.87
P/OCF Ratio	6.76	6.73	3.68	5.76	6.39	5.75
EV/Sales Ratio	2.06	2.05	1.77	2.11	1.90	2.07
EV/EBITDA Ratio	4.05	4.53	-13.56	12.47	6.56	5.10
EV/EBIT Ratio	5.57	4.53	-13.56	12.47	6.56	5.10
EV/FCF Ratio	97.19	-354.50	-36.04	-42.37	13.00	8.63
Debt / Equity Ratio	0.16	0.16	0.14	0.04	0.01	0.02
Debt / EBITDA Ratio	0.43	0.43	-1.76	0.59	0.11	0.11
Debt / FCF Ratio	18.13	-33.86	-4.69	-1.99	0.23	0.18
Net Debt / Equity Ratio	0.06	0.06	0.03	-0.03	-0.20	-0.21
Net Debt / EBITDA Ratio	0.16	0.16	-0.41	-0.35	-1.18	-0.84
Net Debt / FCF Ratio	6.60	-12.33	-1.08	1.19	-2.34	-1.42
Asset Turnover	0.57	0.57	0.39	0.45	0.48	0.51
Inventory Turnover	2.77	2.77	2.90	3.40	3.73	3.89
Quick Ratio	0.41	0.41	0.65	1.07	2.93	3.23
Current Ratio	1.06	1.06	1.55	2.27	4.43	4.52
Return on Equity (ROE)	12.78%	12.78%	-18.04%	1.18%	9.44%	16.39%
Return on Assets (ROA)	11.29%	11.29%	-10.39%	0.99%	7.50%	13.08%
Return on Invested Capital (ROIC)	12.52%	12.52%	-11.54%	1.16%	9.54%	16.26%
Return on Capital Employed (ROCE)	30.54%	30.54%	-5.65%	8.18%	14.82%	22.28%
Earnings Yield	6.64%	6.22%	-19.59%	0.32%	6.78%	10.15%
FCF Yield	1.07%	-0.29%	-2.89%	-2.34%	6.67%	10.13%
Dividend Yield	1.77%	1.73%	5.76%	4.80%	4.53%	4.06%
Payout Ratio	28.92%	25.74%	-29.31%	1849.30%	67.48%	40.08%
Buyback Yield / Dilution	-13.14%	-13.14%	-5.77%	-15.54%	-0.89%	-0.50%
Total Shareholder Return	-11.38%	-11.41%	-0.02%	-10.74%	3.64%	3.56%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q