Northern Star ResourcesNESRF -2.78%96 Debt-to-EBITDA is 0.49 as of Dec. 2025, which is at its 10-year median of 0.49. GuruFocus rates NESRF with a GF Score™ of 96/100 and a GF Value™ of $14.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 596 Metals & Mining companies, Northern Star Resources ranks better than 67.79% 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 Northern Star Resources's Debt-to-EBITDA or its related term are showing as below:
NESRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.49 Max: 1.63
Current: 0.47
During the past 13 years, the highest Debt-to-EBITDA Ratio of Northern Star Resources was 1.63. The lowest was 0.03. And the median was 0.49.
NESRF's Debt-to-EBITDA is ranked better than 67.79% of 596
companies
in the Metals & Mining industry
Industry Median: 1.235
vs NESRF: 0.47
Northern Star Resources (OTCPK:NESRF) Debt-to-EBITDA Explanation
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.
Northern Star Resources Debt-to-EBITDA Related Terms
Northern Star Resources Debt-to-EBITDA Historical Data
* 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 Gold subindustry, Northern Star Resources'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.
Northern Star Resources Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Northern Star Resources's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Northern Star Resources'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 two times the quarterly (Dec. 2025) EBITDA data.
Northern Star Resources (NESRF) has a Debt-to-EBITDA of 0.49 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Northern Star Resources. This is near median its historical median of 0.49. Over the past decade, Northern Star Resources' Debt-to-EBITDA has ranged from 0.03 to 1.63. According to the industry distribution chart, Northern Star Resources ranks #192 out of 596 companies in the Metals & Mining industry, placing it in the top 32.2%.
Is Northern Star Resources' Debt-to-EBITDA too high?
Northern Star Resources' current Debt-to-EBITDA of 0.49 is near median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.63. The Metals & Mining industry median Debt-to-EBITDA is 1.24. Northern Star Resources' value of 0.49 is 60.3% below this industry median. Based on the distribution chart, Northern Star Resources ranks #192 out of 596 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Northern Star Resources has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northern Star Resources' Debt-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Northern Star Resources ranks #192 out of 596 companies for Debt-to-EBITDA. This puts Northern Star Resources in the upper half of its industry. The industry median Debt-to-EBITDA is 1.24. Northern Star Resources' value of 0.49 is 60.3% below this benchmark. Historically, Northern Star Resources' own Debt-to-EBITDA has ranged from 0.03 to 1.63 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 1.24, Northern Star Resources 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 1.24, based on 596 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. Northern Star Resources's current Debt-to-EBITDA of 0.49 is 60.3% 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 Northern Star Resources. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Star Resources's current Debt-to-EBITDA is 0.49, which is near median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Star Resources stock overvalued right now?
Based on GuruFocus' analysis, Northern Star Resources (NESRF) is currently considered Fairly Valued. The stock's GF Value™ is $14.43, compared to a current price of $13.83 — trading 4.2% below its estimated fair value. The current Debt-to-EBITDA is 0.49, which is near median its 10-year median of 0.49 and 60.3% below the Metals & Mining industry median of 1.24. Northern Star Resources' overall GF Score™ is 96/100 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 Northern Star Resources (NESRF), the current Debt-to-EBITDA is 0.49 as of Dec. 2025. 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 Northern Star Resources (NESRF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Star Resources stock appears to be undervalued.
The current stock price of $13.83 is trading 4.2% below its estimated GF Value™ of $14.43.
GuruFocus considers Northern Star Resources to be Fairly Valued.
Key valuation signals for NESRF:
Debt-to-EBITDA: 0.49 (near median its 10-year median of 0.49)
GF Value™: $14.43 vs. price of $13.83 (4.2% below fair value)
Industry Position: 60.3% below the Metals & Mining median (#192 of 596)
No single metric tells the full story. See the NESRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.
96GF Score
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