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First Quantum MineralsFQVLF 73 Debt-to-EBITDA is 2.50 as of Jun. 2026, which is 44% below its 10-year median of 4.43. GuruFocus rates FQVLF with a GF Score™ of 73/100 and a GF Value™ of $16.41 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 597 Metals & Mining companies, First Quantum Minerals ranks worse than 72.86% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for First Quantum Minerals's Debt-to-EBITDA or its related term are showing as below:
FQVLF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.12 Med: 4.43 Max: 7.78
Current: 3.26
During the past 13 years, the highest Debt-to-EBITDA Ratio of First Quantum Minerals was 7.78. The lowest was 2.12. And the median was 4.43.
FQVLF's Debt-to-EBITDA is ranked worse than 72.86% of 597
companies
in the Metals & Mining industry
Industry Median: 1.2
vs FQVLF: 3.26
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
First Quantum Minerals Debt-to-EBITDA Related Terms
First Quantum Minerals Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for First Quantum Minerals's Debt-to-EBITDA 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.
For the Copper subindustry, First Quantum Minerals's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
First Quantum Minerals Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
First Quantum Minerals (FQVLF) has a Debt-to-EBITDA of 2.50 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on First Quantum Minerals. This is 44% below median its historical median of 4.43. Over the past decade, First Quantum Minerals' Debt-to-EBITDA has ranged from 2.12 to 7.78. According to the industry distribution chart, First Quantum Minerals ranks #435 out of 597 companies in the Metals & Mining industry, placing it in the top 72.9%.
Is First Quantum Minerals' Debt-to-EBITDA too high?
First Quantum Minerals' current Debt-to-EBITDA of 2.50 is 44% below median its 10-year median of 4.43. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 7.78. The Metals & Mining industry median Debt-to-EBITDA is 1.20. First Quantum Minerals' value of 2.50 is 108.3% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #435 out of 597 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Quantum Minerals has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' Debt-to-EBITDA compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #435 out of 597 companies for Debt-to-EBITDA. This places First Quantum Minerals in the lower half of its industry. The industry median Debt-to-EBITDA is 1.20. First Quantum Minerals' value of 2.50 is 108.3% above this benchmark. Historically, First Quantum Minerals' own Debt-to-EBITDA has ranged from 2.12 to 7.78 over the past decade. While the company's 10-year median is 4.43 vs. the industry median of 1.20, First Quantum Minerals 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 Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.20, based on 597 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Quantum Minerals's current Debt-to-EBITDA of 2.50 is 108.3% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on First Quantum Minerals. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Quantum Minerals's current Debt-to-EBITDA is 2.50, which is 44% below median its own 10-year median of 4.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.41, compared to a current price of $27.75 — trading 69.1% above its estimated fair value. The current Debt-to-EBITDA is 2.50, which is 44% below median its 10-year median of 4.43 and 108.3% above the Metals & Mining industry median of 1.20. First Quantum Minerals' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For First Quantum Minerals (FQVLF), the current Debt-to-EBITDA is 2.50 as of Jun. 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 First Quantum Minerals (FQVLF) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of $27.75 is trading 69.1% above its estimated GF Value™ of $16.41.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for FQVLF:
Debt-to-EBITDA: 2.50 (44% below median its 10-year median of 4.43)
GF Value™: $16.41 vs. price of $27.75 (69.1% above fair value)
Industry Position: 108.3% above the Metals & Mining median (#435 of 597)
No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
73GF Score
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