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Evolution MiningASX:EVN +1.90%91 EV-to-EBITDA is 8.49 as of Aug. 01, 2026, which is 14% below its 10-year median of 9.89. GuruFocus rates ASX:EVN with a GF Score™ of 91/100 and a GF Value™ of A$8.14 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 692 Metals & Mining companies, Evolution Mining ranks better than 55.92% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Evolution Mining's enterprise value is A$23,400 Mil.
Evolution Mining's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,757 Mil. Therefore, Evolution Mining's EV-to-EBITDA for today is 8.49.
The historical rank and industry rank for Evolution Mining's EV-to-EBITDA or its related term are showing as below:
ASX:EVN'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.92 Med: 9.89 Max: 28.39
Current: 8.48
During the past 13 years, the highest EV-to-EBITDA of Evolution Mining was 28.39. The lowest was 4.92. And the median was 9.89.
ASX:EVN's EV-to-EBITDA is ranked better than 55.92% of 692
companies
in the Metals & Mining industry
Industry Median: 10
vs ASX:EVN: 8.48
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.
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.
Evolution Mining's PE Ratio (TTM) for today is calculated as:
Evolution Mining's share price for today is A$11.27.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Evolution Mining's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.660.
* 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.
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).
The historical data trend for Evolution 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.
For the Gold subindustry, Evolution 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.
Evolution Mining EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Evolution Mining's EV-to-EBITDA falls into.
Evolution Mining's current Enterprise Value is A$23,400 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Evolution Mining's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$2,757 Mil.
* 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.
Evolution Mining (ASX:EVN) has a EV-to-EBITDA of 8.49 as of Aug. 01, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Evolution Mining. This is 14% below median its historical median of 9.89. Over the past decade, Evolution Mining's EV-to-EBITDA has ranged from 4.92 to 28.39. According to the industry distribution chart, Evolution Mining ranks #305 out of 692 companies in the Metals & Mining industry, placing it in the top 44.1%.
Is Evolution Mining's EV-to-EBITDA too high?
Evolution Mining's current EV-to-EBITDA of 8.49 is 14% below median its 10-year median of 9.89. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 28.39. The Metals & Mining industry median EV-to-EBITDA is 10.00. Evolution Mining's value of 8.49 is 15.1% below this industry median. Based on the distribution chart, Evolution Mining ranks #305 out of 692 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Evolution Mining has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #305 out of 692 companies for EV-to-EBITDA. This puts Evolution Mining in the upper half of its industry. The industry median EV-to-EBITDA is 10.00. Evolution Mining's value of 8.49 is 15.1% below this benchmark. Historically, Evolution Mining's own EV-to-EBITDA has ranged from 4.92 to 28.39 over the past decade. While the company's 10-year median is 9.89 vs. the industry median of 10.00, Evolution Mining 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 EV-to-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.00, based on 692 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Evolution Mining's current EV-to-EBITDA of 8.49 is 15.1% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Evolution Mining. For the Metals & Mining industry, the median EV-to-EBITDA is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution Mining's current EV-to-EBITDA is 8.49, which is 14% below median its own 10-year median of 9.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.14, compared to a current price of A$11.27 — trading 38.5% above its estimated fair value. The current EV-to-EBITDA is 8.49, which is 14% below median its 10-year median of 9.89 and 15.1% below the Metals & Mining industry median of 10.00. Evolution Mining's overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Evolution Mining (ASX:EVN), the current EV-to-EBITDA is 8.49 as of Aug. 01, 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$11.27 is trading 38.5% above its estimated GF Value™ of A$8.14.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
EV-to-EBITDA: 8.49 (14% below median its 10-year median of 9.89)
GF Value™: A$8.14 vs. price of A$11.27 (38.5% above fair value)
Industry Position: 15.1% below the Metals & Mining median (#305 of 692)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
91GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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