Steppe GoldTSX:STGO -4.48%77 EBITDA Margin % is 56.15% as of Mar. 2026, which is 37% above its 10-year median of 40.88. GuruFocus rates TSX:STGO with a GF Score™ of 77/100 and a GF Value™ of C$1.07 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 841 Metals & Mining companies, Steppe Gold ranks better than 78.36% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Steppe Gold's EBITDA for the
three
months ended in Mar. 2026 was C$41.0 Mil. Steppe Gold's Revenue for the
three
months ended in Mar. 2026 was C$73.0 Mil. Therefore, Steppe Gold's EBITDA margin for the quarter that ended in Mar. 2026 was 56.15%.
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Steppe Gold EBITDA Margin % Related Terms
Steppe Gold EBITDA Margin % Historical Data
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The historical data trend for Steppe Gold's EBITDA Margin % 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, Steppe Gold's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.
Steppe Gold EBITDA Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Steppe Gold's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Steppe Gold's EBITDA Margin % 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.
Steppe Gold (TSX:STGO) has a EBITDA Margin % of 56.15% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Steppe Gold and its competitors. This is 37% above median its historical median of 40.88. Over the past decade, Steppe Gold's EBITDA Margin % has ranged from 12.11 to 76.93. According to the industry distribution chart, Steppe Gold ranks #182 out of 841 companies in the Metals & Mining industry, placing it in the top 21.6%.
Is Steppe Gold's EBITDA Margin % too high?
Steppe Gold's current EBITDA Margin % of 56.15% is 37% above median its 10-year median of 40.88. Over the past 10 years, this metric has ranged from a low of 12.11 to a high of 76.93. The Metals & Mining industry median EBITDA Margin % is 8.89. Steppe Gold's value of 56.15% is 531.6% above this industry median. Based on the distribution chart, Steppe Gold ranks #182 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Gold has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's EBITDA Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Steppe Gold ranks #182 out of 841 companies for EBITDA Margin %. This places Steppe Gold in the top 22% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.89. Steppe Gold's value of 56.15% is 531.6% above this benchmark. Historically, Steppe Gold's own EBITDA Margin % has ranged from 12.11 to 76.93 over the past decade. While the company's 10-year median is 40.88 vs. the industry median of 8.89, Steppe Gold 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 EBITDA Margin % for a Metals & Mining company?
The median EBITDA Margin % among Metals & Mining companies is 8.89, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Gold's current EBITDA Margin % of 56.15% is 531.6% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Steppe Gold and its competitors. For the Metals & Mining industry, the median EBITDA Margin % is 8.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Gold's current EBITDA Margin % is 56.15%, which is 37% above median its own 10-year median of 40.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Modestly Overvalued. The stock's GF Value™ is C$1.07, compared to a current price of C$1.28 — trading 19.6% above its estimated fair value. The current EBITDA Margin % is 56.15%, which is 37% above median its 10-year median of 40.88 and 531.6% above the Metals & Mining industry median of 8.89. Steppe Gold's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Steppe Gold (TSX:STGO), the current EBITDA Margin % is 56.15% 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 Steppe Gold (TSX:STGO) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued.
The current stock price of C$1.28 is trading 19.6% above its estimated GF Value™ of C$1.07.
GuruFocus considers Steppe Gold to be Modestly Overvalued.
Key valuation signals for TSX:STGO:
EBITDA Margin %: 56.15% (37% above median its 10-year median of 40.88)
GF Value™: C$1.07 vs. price of C$1.28 (19.6% above fair value)
Industry Position: 531.6% above the Metals & Mining median (#182 of 841)
No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
77GF Score
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