B2Gold (STU:5BG) Cyclically Adjusted PS Ratio: 3.48 (As of Aug. 24, 2026) — Near Median

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STU:5BG B2Gold Corp STU:5BG
88 GF Score
Price €4.74
GF Value €4.31
Valuation Fairly Valued
! 7 Warning Signs
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What is B2Gold Cyclically Adjusted PS Ratio?

B2Gold STU:5BG +3.84% 88 Cyclically Adjusted PS Ratio is 3.48 as of Aug. 24, 2026, which is 9% below its 10-year median of 3.83. GuruFocus rates STU:5BG with a GF Score™ of 88/100 and a GF Value™ of €4.31 (Fairly Valued). The stock has 7 warning signs investors should review. Among 575 Metals & Mining companies, B2Gold ranks worse than 60.87% on this metric.

As of today (2026-08-24), B2Gold's current share price is €4.737. B2Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €1.36. B2Gold's Cyclically Adjusted PS Ratio for today is 3.48.

The historical rank and industry rank for B2Gold's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:5BG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.9   Med: 3.83   Max: 9.18
Current: 3.44

During the past years, B2Gold's highest Cyclically Adjusted PS Ratio was 9.18. The lowest was 1.90. And the median was 3.83.

STU:5BG's Cyclically Adjusted PS Ratio is ranked worse than
60.87% of 575 companies
in the Metals & Mining industry
Industry Median: 2.32 vs STU:5BG: 3.44

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

B2Gold's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.460. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €1.36 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


B2Gold  (STU:5BG) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


B2Gold Cyclically Adjusted PS Ratio Related Terms


B2Gold Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for B2Gold's Cyclically Adjusted PS Ratio 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.

B2Gold Cyclically Adjusted PS Ratio Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.82 3.17 2.51 1.95 3.03

B2Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 2.57 3.50 3.03 2.95 2.41

STU:5BG vs NEM, AU: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, B2Gold's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where B2Gold's Cyclically Adjusted PS Ratio falls into.


STU:5BG
88GF Score
B2Gold Corp STU:5BG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2Gold Cyclically Adjusted PS Ratio Calculation

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

B2Gold's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.737/1.36
=3.48

* 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.

B2Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, B2Gold's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.46/133.5265*133.5265
=0.460

Current CPI (Jun. 2026) = 133.5265.

B2Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.177 101.765 0.232
201612 0.176 101.449 0.232
201703 0.141 102.634 0.183
201706 0.138 103.029 0.179
201709 0.122 103.345 0.158
201712 0.148 103.345 0.191
201803 0.263 105.004 0.334
201806 0.195 105.557 0.247
201809 0.240 105.636 0.303
201812 0.203 105.399 0.257
201903 0.230 106.979 0.287
201906 0.233 107.690 0.289
201909 0.274 107.611 0.340
201912 0.273 107.769 0.338
202003 0.328 107.927 0.406
202006 0.371 108.401 0.457
202009 0.389 108.164 0.480
202012 0.372 108.559 0.458
202103 0.287 110.298 0.347
202106 0.283 111.720 0.338
202109 0.409 112.905 0.484
202112 0.439 113.774 0.515
202203 0.312 117.646 0.354
202206 0.338 120.806 0.374
202209 0.373 120.648 0.413
202212 0.517 120.964 0.571
202303 0.409 122.702 0.445
202306 0.346 124.203 0.372
202309 0.345 125.230 0.368
202312 0.358 125.072 0.382
202403 0.325 126.258 0.344
202406 0.350 127.522 0.366
202409 0.308 127.285 0.323
202412 0.363 127.364 0.381
202503 0.335 129.181 0.346
202506 0.406 129.892 0.417
202509 0.450 130.287 0.461
202512 0.602 130.366 0.617
202603 0.668 132.262 0.674
202606 0.460 133.527 0.460

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 3.48 mean?
B2Gold (STU:5BG) has a Cyclically Adjusted PS Ratio of 3.48 as of Aug. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on B2Gold and its competitors. This is near median its historical median of 3.83. Over the past decade, B2Gold's Cyclically Adjusted PS Ratio has ranged from 1.90 to 9.18. According to the industry distribution chart, B2Gold ranks #350 out of 575 companies in the Metals & Mining industry, placing it in the top 60.9%.
Is B2Gold's Cyclically Adjusted PS Ratio too high?
B2Gold's current Cyclically Adjusted PS Ratio of 3.48 is near median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 9.18. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.32. B2Gold's value of 3.48 is 50% above this industry median. Based on the distribution chart, B2Gold ranks #350 out of 575 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, B2Gold has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Cyclically Adjusted PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, B2Gold ranks #350 out of 575 companies for Cyclically Adjusted PS Ratio. This places B2Gold in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.32. B2Gold's value of 3.48 is 50% above this benchmark. Historically, B2Gold's own Cyclically Adjusted PS Ratio has ranged from 1.90 to 9.18 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 2.32, B2Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.32, based on 575 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B2Gold's current Cyclically Adjusted PS Ratio of 3.48 is 50% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on B2Gold and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2Gold's current Cyclically Adjusted PS Ratio is 3.48, which is near median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (STU:5BG) is currently considered Fairly Valued. The stock's GF Value™ is €4.31, compared to a current price of €4.74 — trading 9.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.48, which is near median its 10-year median of 3.83 and 50% above the Metals & Mining industry median of 2.32. B2Gold's overall GF Score™ is 88/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For B2Gold (STU:5BG), the current Cyclically Adjusted PS Ratio is 3.48 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is B2Gold (STU:5BG) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be overvalued. The current stock price of €4.74 is trading 9.9% above its estimated GF Value™ of €4.31. GuruFocus considers B2Gold to be Fairly Valued.

Key valuation signals for STU:5BG:

  • Cyclically Adjusted PS Ratio: 3.48 (near median its 10-year median of 3.83)
  • GF Value™: €4.31 vs. price of €4.74 (9.9% above fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 50% above the Metals & Mining median (#350 of 575)

No single metric tells the full story. See the STU:5BG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


B2Gold Business Description

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 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. 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.
88GF Score

Get the complete analysis for STU:5BG

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.74
Price
€4.31
GF Value