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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TRX GoldTRX +1.47%44 Debt-to-EBITDA is 0.07 as of May. 2026. GuruFocus rates TRX with a GF Score™ of 44/100 and a GF Value™ of $1.13 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 599 Metals & Mining companies, TRX Gold ranks better than 77.3% 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 TRX Gold's Debt-to-EBITDA or its related term are showing as below:
TRX'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.42 Med: -0.28 Max: 0.18
Current: 0.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of TRX Gold was 0.18. The lowest was -1.42. And the median was -0.28.
TRX's Debt-to-EBITDA is ranked better than 77.3% of 599
companies
in the Metals & Mining industry
Industry Median: 1.16
vs TRX: 0.18
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.
TRX Gold Debt-to-EBITDA Related Terms
TRX Gold Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for TRX Gold'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 Gold subindustry, TRX Gold'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.
TRX Gold Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where TRX Gold'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 (May. 2026) EBITDA data.
TRX Gold (TRX) has a Debt-to-EBITDA of 0.07 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TRX Gold. According to the industry distribution chart, TRX Gold ranks #136 out of 599 companies in the Metals & Mining industry, placing it in the top 22.7%.
Is TRX Gold's Debt-to-EBITDA too high?
TRX Gold's current Debt-to-EBITDA is 0.07. The Metals & Mining industry median Debt-to-EBITDA is 1.16. TRX Gold's value of 0.07 is 94% below this industry median. Based on the distribution chart, TRX Gold ranks #136 out of 599 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, TRX Gold has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's Debt-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #136 out of 599 companies for Debt-to-EBITDA. This places TRX Gold in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.16. TRX Gold's value of 0.07 is 94% below this benchmark. 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. TRX Gold's current Debt-to-EBITDA of 0.07 is 94% 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 TRX Gold. 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. TRX Gold's current Debt-to-EBITDA is 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.13, compared to a current price of $0.79 — trading 30.4% below its estimated fair value. The current Debt-to-EBITDA is 0.07 and 94% below the Metals & Mining industry median of 1.16. TRX Gold's overall GF Score™ is 44/100 with 1 warning sign 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 TRX Gold (TRX), the current Debt-to-EBITDA is 0.07 as of May. 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 TRX Gold (TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of $0.79 is trading 30.4% below its estimated GF Value™ of $1.13.
GuruFocus considers TRX Gold to be Possible Value Trap.
Key valuation signals for TRX:
Debt-to-EBITDA: 0.07
GF Value™: $1.13 vs. price of $0.79 (30.4% below fair value)
Industry Position: 94% below the Metals & Mining median (#136 of 599)
No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
44GF Score
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