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BTG (B2Gold) Cyclically Adjusted Price-to-FCF : (As of Jul. 15, 2025)


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What is B2Gold Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


B2Gold Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for B2Gold's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

B2Gold Cyclically Adjusted Price-to-FCF Chart

B2Gold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.45 11.40 9.32 6.69 4.86

B2Gold Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.02 5.08 5.84 4.86 -

Competitive Comparison of B2Gold's Cyclically Adjusted Price-to-FCF

For the Gold subindustry, B2Gold's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


B2Gold's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where B2Gold's Cyclically Adjusted Price-to-FCF falls into.


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B2Gold Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

B2Gold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, B2Gold's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0/129.1809*129.1809
=0.000

Current CPI (Mar. 2025) = 129.1809.

B2Gold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.004 100.500 0.005
201509 0.013 100.421 0.017
201512 0.042 99.947 0.054
201603 0.164 101.054 0.210
201606 0.055 102.002 0.070
201609 0.081 101.765 0.103
201612 0.060 101.449 0.076
201703 0.016 102.634 0.020
201706 0.017 103.029 0.021
201709 0.021 103.345 0.026
201712 0.089 103.345 0.111
201803 0.106 105.004 0.130
201806 0.081 105.557 0.099
201809 0.125 105.636 0.153
201812 0.128 105.399 0.157
201903 0.085 106.979 0.103
201906 0.091 107.690 0.109
201909 0.163 107.611 0.196
201912 0.140 107.769 0.168
202003 0.206 107.927 0.247
202006 0.225 108.401 0.268
202009 0.282 108.164 0.337
202012 0.186 108.559 0.221
202103 0.137 110.298 0.160
202106 -0.008 111.720 -0.009
202109 0.302 112.905 0.346
202112 0.251 113.774 0.285
202203 0.101 117.646 0.111
202206 0.072 120.806 0.077
202209 0.087 120.648 0.093
202212 0.226 120.964 0.241
202303 0.189 122.702 0.199
202306 0.155 124.203 0.161
202309 0.085 125.230 0.088
202312 0.157 125.072 0.162
202403 0.544 126.258 0.557
202406 0.048 127.522 0.049
202409 -0.012 127.285 -0.012
202412 0.092 127.364 0.093
202503 0.000 129.181 0.000

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


B2Gold  (AMEX:BTG) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


B2Gold Cyclically Adjusted Price-to-FCF Related Terms

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B2Gold Business Description

Industry
Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into various markets. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.