Black Horse Mining (ASX:BHL) EV-to-EBITDA: (As of Aug. 14, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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ASX:BHL Black Horse Mining Ltd ASX:BHL
1 GF Score
Price A$0.22
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What is Black Horse Mining EV-to-EBITDA?

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Black Horse Mining's enterprise value is A$8.76 Mil. Black Horse Mining does not have enough years/quarters to calculate its EBITDA for the trailing twelve months (TTM) ended in Jun. 2026. Therefore, GuruFocus does not calculate Black Horse Mining's EV-to-EBITDA at this moment.

The historical rank and industry rank for Black Horse Mining's EV-to-EBITDA or its related term are showing as below:

ASX:BHL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.84   Med: 0   Max: 0
Current: -1.45
ASX:BHL's EV-to-EBITDA is ranked worse than
100% of 696 companies
in the Metals & Mining industry
Industry Median: 10.37 vs ASX:BHL: -1.45

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-14), Black Horse Mining's stock price is A$0.215. Black Horse Mining does not have enough years/quarters to calculate its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026. Therefore, GuruFocus does not calculate Black Horse Mining's PE Ratio (TTM) at this moment.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).

Black Horse Mining  (ASX:BHL) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Black Horse Mining's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.215/
=

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?

Black Horse Mining EV-to-EBITDA Related Terms

Black Horse Mining EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Black Horse Mining's EV-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.

Black Horse Mining EV-to-EBITDA Chart

Black Horse Mining Annual Data
Trend Jun26
EV-to-EBITDA
-1.04

Black Horse Mining Semi-Annual Data
Dec25 Jun26
EV-to-EBITDA 0.00 0.00

ASX:BHL vs NEM, AU: EV-to-EBITDA Comparison

For the Gold subindustry, Black Horse Mining's EV-to-EBITDA, along with its competitors' market caps and EV-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.

Black Horse Mining EV-to-EBITDA vs Metals & Mining Industry

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

* The bar in red indicates where Black Horse Mining's EV-to-EBITDA falls into.


ASX:BHL
1GF Score
Black Horse Mining Ltd ASX:BHL
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Horse Mining EV-to-EBITDA Calculation

Black Horse Mining's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=8.761/
=

Black Horse Mining Business Description

Other Exchanges O3X:Germany
Address 8/110 Hay Street, Suite 8, Subiaco, WA, AUS, 6008
Black Horse Mining Ltd is a mineral exploration and development company focused on the acquisition, exploration, and development of gold projects, including the historic Mt Egerton gold mine in Central Victoria, Australia.
1GF Score

Get the complete analysis for ASX:BHL

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

A$0.22
Price