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West African ResourcesASX:WAF -3.91%96 EV-to-EBITDA is 3.18 as of Jul. 17, 2026, which is 25% below its 10-year median of 4.25. GuruFocus rates ASX:WAF with a GF Score™ of 96/100 and a GF Value™ of A$4.61 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 687 Metals & Mining companies, West African Resources ranks better than 84.57% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, West African Resources's enterprise value is A$2,987 Mil.
West African Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$940 Mil. Therefore, West African Resources's EV-to-EBITDA for today is 3.18.
The historical rank and industry rank for West African Resources's EV-to-EBITDA or its related term are showing as below:
ASX:WAF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.77 Med: 4.25 Max: 8.36
Current: 3.18
During the past 13 years, the highest EV-to-EBITDA of West African Resources was 8.36. The lowest was 1.77. And the median was 4.25.
ASX:WAF's EV-to-EBITDA is ranked better than 84.57% of 687
companies
in the Metals & Mining industry
Industry Median: 9.81
vs ASX:WAF: 3.18
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
West African Resources (ASX:WAF) 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.
West African Resources's PE Ratio (TTM) for today is calculated as:
West African Resources's share price for today is A$2.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. West African Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.413.
* 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).
* 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, West African Resources'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.
West African Resources EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West African Resources's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where West African Resources's EV-to-EBITDA falls into.
West African Resources's current Enterprise Value is A$2,987 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. West African Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$940 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.
West African Resources (ASX:WAF) has a EV-to-EBITDA of 3.18 as of Jul. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on West African Resources. This is 25% below median its historical median of 4.25. Over the past decade, West African Resources' EV-to-EBITDA has ranged from 1.77 to 8.36. According to the industry distribution chart, West African Resources ranks #106 out of 687 companies in the Metals & Mining industry, placing it in the top 15.4%.
Is West African Resources' EV-to-EBITDA too high?
West African Resources' current EV-to-EBITDA of 3.18 is 25% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 8.36. The Metals & Mining industry median EV-to-EBITDA is 9.81. West African Resources' value of 3.18 is 67.6% below this industry median. Based on the distribution chart, West African Resources ranks #106 out of 687 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, West African Resources has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #106 out of 687 companies for EV-to-EBITDA. This places West African Resources in the top 15% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.81. West African Resources' value of 3.18 is 67.6% below this benchmark. Historically, West African Resources' own EV-to-EBITDA has ranged from 1.77 to 8.36 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 9.81, West African Resources 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 9.81, based on 687 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. West African Resources's current EV-to-EBITDA of 3.18 is 67.6% 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 West African Resources. For the Metals & Mining industry, the median EV-to-EBITDA is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West African Resources's current EV-to-EBITDA is 3.18, which is 25% below median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (ASX:WAF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$4.61, compared to a current price of A$2.70 — trading 41.4% below its estimated fair value. The current EV-to-EBITDA is 3.18, which is 25% below median its 10-year median of 4.25 and 67.6% below the Metals & Mining industry median of 9.81. West African Resources' overall GF Score™ is 96/100 with 3 warning signs 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 West African Resources (ASX:WAF), the current EV-to-EBITDA is 3.18 as of Jul. 17, 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 West African Resources (ASX:WAF) Overvalued in 2026?
Based on GuruFocus' analysis, West African Resources stock appears to be undervalued.
The current stock price of A$2.70 is trading 41.4% below its estimated GF Value™ of A$4.61.
GuruFocus considers West African Resources to be Significantly Undervalued.
Key valuation signals for ASX:WAF:
EV-to-EBITDA: 3.18 (25% below median its 10-year median of 4.25)
GF Value™: A$4.61 vs. price of A$2.70 (41.4% below fair value)
Industry Position: 67.6% below the Metals & Mining median (#106 of 687)
No single metric tells the full story. See the ASX:WAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
96GF Score
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