LUNMF (Lundin Mining) Debt-to-EBITDA : 0.21 (As of Mar. 2026) — 36% Below Median

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Director of Data and Quant Analytics at GuruFocus
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LUNMF Lundin Mining Corp LUNMF
69 GF Score
Price $24.73
GF Value $12.59
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Lundin Mining Debt-to-EBITDA?

Lundin Mining LUNMF -2.45% 69 Debt-to-EBITDA is 0.21 as of Mar. 2026, which is 36% below its 10-year median of 0.33. GuruFocus rates LUNMF with a GF Score™ of 69/100 and a GF Value™ of $12.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 599 Metals & Mining companies, Lundin Mining ranks better than 74.79% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Lundin Mining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $182 Mil. Lundin Mining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $329 Mil. Lundin Mining's annualized EBITDA for the quarter that ended in Mar. 2026 was $2,463 Mil. Lundin Mining's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.21.

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 Lundin Mining's Debt-to-EBITDA or its related term are showing as below:

LUNMF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.02   Med: 0.33   Max: 1.64
Current: 0.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Lundin Mining was 1.64. The lowest was 0.02. And the median was 0.33.

LUNMF's Debt-to-EBITDA is ranked better than
74.79% of 599 companies
in the Metals & Mining industry
Industry Median: 1.16 vs LUNMF: 0.25

Lundin Mining  (OTCPK:LUNMF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Lundin Mining Debt-to-EBITDA Related Terms


Lundin Mining Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Lundin Mining'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.

Lundin Mining Debt-to-EBITDA Chart

Lundin Mining Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.17 1.42 1.64 0.25

Lundin Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA 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 1.31 0.41 0.34 0.20 0.21

LUNMF vs SCCO, FCX: Debt-to-EBITDA Comparison

For the Copper subindustry, Lundin Mining'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.


Lundin Mining Debt-to-EBITDA vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lundin Mining's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Lundin Mining's Debt-to-EBITDA falls into.


LUNMF
69GF Score
Lundin Mining Corp LUNMF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lundin Mining Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Lundin Mining's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(226.4 + 223.2) / 1835.3
=0.24

Lundin Mining's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(181.8 + 329.4) / 2462.8
=0.21

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.21 mean?
Lundin Mining (LUNMF) has a Debt-to-EBITDA of 0.21 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Lundin Mining. This is 36% below median its historical median of 0.33. Over the past decade, Lundin Mining's Debt-to-EBITDA has ranged from 0.02 to 1.64. According to the industry distribution chart, Lundin Mining ranks #151 out of 599 companies in the Metals & Mining industry, placing it in the top 25.2%.
Is Lundin Mining's Debt-to-EBITDA too high?
Lundin Mining's current Debt-to-EBITDA of 0.21 is 36% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.64. The Metals & Mining industry median Debt-to-EBITDA is 1.16. Lundin Mining's value of 0.21 is 81.9% below this industry median. Based on the distribution chart, Lundin Mining ranks #151 out of 599 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Lundin Mining has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Mining's Debt-to-EBITDA compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Lundin Mining ranks #151 out of 599 companies for Debt-to-EBITDA. This puts Lundin Mining in the upper half of its industry. The industry median Debt-to-EBITDA is 1.16. Lundin Mining's value of 0.21 is 81.9% below this benchmark. Historically, Lundin Mining's own Debt-to-EBITDA has ranged from 0.02 to 1.64 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 1.16, Lundin Mining has consistently been below 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 1.16, based on 599 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. Lundin Mining's current Debt-to-EBITDA of 0.21 is 81.9% below 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 Lundin Mining. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lundin Mining's current Debt-to-EBITDA is 0.21, which is 36% below median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Mining stock overvalued right now?
Based on GuruFocus' analysis, Lundin Mining (LUNMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.59, compared to a current price of $24.73 — trading 96.4% above its estimated fair value. The current Debt-to-EBITDA is 0.21, which is 36% below median its 10-year median of 0.33 and 81.9% below the Metals & Mining industry median of 1.16. Lundin Mining's overall GF Score™ is 69/100 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 Lundin Mining (LUNMF), the current Debt-to-EBITDA is 0.21 as of Mar. 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 Lundin Mining (LUNMF) Overvalued in 2026?

Based on GuruFocus' analysis, Lundin Mining stock appears to be overvalued. The current stock price of $24.73 is trading 96.4% above its estimated GF Value™ of $12.59. GuruFocus considers Lundin Mining to be Significantly Overvalued.

Key valuation signals for LUNMF:

  • Debt-to-EBITDA: 0.21 (36% below median its 10-year median of 0.33)
  • GF Value™: $12.59 vs. price of $24.73 (96.4% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 81.9% below the Metals & Mining median (#151 of 599)

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


Lundin Mining Business Description

Address 1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2
Lundin Mining Corp is adiversified Canadian base metals mining company primarily producing copper and gold with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, and Caserones. The majority of the revenue is from Copper.
69GF Score

Get the complete analysis for LUNMF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.73
Price
$12.59
GF Value