Barrick Gold Corp.

Canada Country flag Canada
Sector: Gold Mining
Ticker: ABX
Factsheet Factsheet

Market multiple valuation of Barrick Gold Corp. ( ABX | CAN)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of Barrick Gold Corp. is significantly lower than the median of its peer group: around 15.00. The company valuation of Barrick Gold Corp. according to these metrics is way below the market valuation of its peer group.
The P/Earnings NTM ratio of Barrick Gold Corp. is higher than the average of its sector (Gold Mining): 8.40. The company valuation of Barrick Gold Corp. according to these metrics is above the market valuation of its sector.
The P/Earnings NTM ratio of Barrick Gold Corp. is significantly lower than its historical 5-year average: 17.0. The (current) company valuation of Barrick Gold Corp. is therefore way below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2025P/E NTM
Barrick Gold Corp.Free trialFree trialFree trial
International PeersFree trialFree trialFree trial
Gold Mining-3.827.708.40
S&P/TSX14.3513.6213.13
Canada-2.3510.0710.56
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Beta (Ref: S&P/TSX)
Levered betaUnlevered beta
1-YearN/AN/A
2-YearN/AN/A
3-YearN/AN/A
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Stock Perf excl. Dividends (in CAD)
ABXS&P/TSXRel. Perf.
Year-to-Date21.5%N/AN/A
1-Week6.6%N/AN/A
1-Month2.1%N/AN/A
1-Year16.3%N/AN/A
3-Year-3.0%N/AN/A
5-Year-29.0%N/AN/A
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International Peers - Barrick Gold Corp.
Company NameCtryMarket
Cap.
last (mUSD)
Barrick Gold Corp.CAN33 694
International Peers Median1.46
Kinross Gold Corp.CAN16 756
NovaGold Resources Inc.CAN1 147
Newmont Corp.USA58 499
Freeport-McMoRan Inc.USA55 927
Hecla Mining CompanyUSA0.79
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
Barrick Gold Corp.
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions USD201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0k10k20k
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Quotes Chart

1-Year Rebased Stock Chart

  • Barrick Gold Corp.
  • S&P/TSX
Created with Highcharts 4.1.7Jan '25Sep '24May '25-10%0%10%20%30%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).