B2Gold (TSX:BTO) Earnings per Share (Diluted): C$0.77 (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSX:BTO B2Gold Corp TSX:BTO
88 GF Score
Price C$7.11
GF Value C$7.01
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is B2Gold Earnings per Share (Diluted)?

B2Gold TSX:BTO +0.57% 88 Earnings per Share (Diluted) is C$0.77 as of Jun. 2026. GuruFocus rates TSX:BTO with a GF Score™ of 88/100 and a GF Value™ of C$7.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,952 Metals & Mining companies, B2Gold ranks better than 65.93% on this metric.

B2Gold's Earnings per Share (Diluted) for the three months ended in Jun. 2026 was C$0.41. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was C$0.77.

B2Gold's EPS (Basic) for the three months ended in Jun. 2026 was C$0.44. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2026 was C$0.83.

B2Gold's EPS without NRI for the three months ended in Jun. 2026 was C$0.19. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was C$0.81.

During the past 12 months, B2Gold's average EPS without NRIGrowth Rate was 294.20% per year. During the past 3 years, the average EPS without NRIGrowth Rate was 28.80% per year. During the past 5 years, the average EPS without NRI Growth Rate was -9.90% per year.

During the past 13 years, B2Gold's highest 3-Year average EPS without NRI Growth Rate was 109.50% per year. The lowest was -48.00% per year. And the median was 19.80% per year.


B2Gold  (TSX:BTO) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


B2Gold Earnings per Share (Diluted) Related Terms


B2Gold Earnings per Share (Diluted) Historical Data

* Premium members only.

The historical data trend for B2Gold's Earnings per Share (Diluted) 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 Earnings per Share (Diluted) Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.33 0.01 -0.68 0.39

B2Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Earnings per Share (Diluted) 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 0.14 0.01 0.15 0.19 0.41

TSX:BTO vs NEM, AU: Earnings per Share (Diluted) Comparison

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

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

* The bar in red indicates where B2Gold's PE Ratio falls into.


TSX:BTO
88GF Score
B2Gold Corp TSX:BTO
Earnings per Share (Diluted) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2Gold Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

B2Gold's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as

Diluted Earnings Per Share (A: Dec. 2025 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(554.432-0)/1480.858
=0.37

B2Gold's Earnings Per Share (Diluted) for the quarter that ended in Jun. 2026 is calculated as

Diluted Earnings Per Share (Q: Jun. 2026 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(585.687-0)/1489.867
=0.39

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.77

* 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.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.

What does a Earnings per Share (Diluted) of C$0.77 mean?
B2Gold (TSX:BTO) has a Earnings per Share (Diluted) of C$0.77 as of Jun. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on B2Gold and its competitors. According to the industry distribution chart, B2Gold ranks #665 out of 1952 companies in the Metals & Mining industry, placing it in the top 34.1%.
Is B2Gold's Earnings per Share (Diluted) too high?
B2Gold's current Earnings per Share (Diluted) is C$0.77. Based on the distribution chart, B2Gold ranks #665 out of 1952 companies in the Metals & Mining industry, which is above 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 Earnings per Share (Diluted) compare to NEM and AU?
According to the Metals & Mining industry distribution chart, B2Gold ranks #665 out of 1952 companies for Earnings per Share (Diluted). This puts B2Gold in the upper half of its industry. The industry median Earnings per Share (Diluted) is 16.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Metals & Mining company?
The median Earnings per Share (Diluted) among Metals & Mining companies is 16.20, based on 1,952 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on B2Gold and its competitors. For the Metals & Mining industry, the median Earnings per Share (Diluted) is 16.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2Gold's current Earnings per Share (Diluted) is C$0.77. 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 (TSX:BTO) is currently considered Fairly Valued. The stock's GF Value™ is C$7.01, compared to a current price of C$7.11 — trading 1.4% above its estimated fair value. The current Earnings per Share (Diluted) is C$0.77. B2Gold's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For B2Gold (TSX:BTO), the current Earnings per Share (Diluted) is C$0.77 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 B2Gold (TSX:BTO) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be overvalued. The current stock price of C$7.11 is trading 1.4% above its estimated GF Value™ of C$7.01. GuruFocus considers B2Gold to be Fairly Valued.

Key valuation signals for TSX:BTO:

  • Earnings per Share (Diluted): C$0.77
  • GF Value™: C$7.01 vs. price of C$7.11 (1.4% above fair value)
  • GF Score™: 88/100 with 5 warning signs

No single metric tells the full story. See the TSX:BTO 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 TSX:BTO

Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$7.11
Price
C$7.01
GF Value