GDRZF (Gold Reserve) EV-to-EBITDA: -17.01 (As of Aug. 13, 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.

GDRZF Gold Reserve Ltd GDRZF
35 GF Score
Price $4.59
! 3 Warning Signs
View Full Analysis

What is Gold Reserve EV-to-EBITDA?

Gold Reserve GDRZF 35 EV-to-EBITDA is -17.01 as of Aug. 13, 2026. GuruFocus rates GDRZF with a GF Score™ of 35/100. The stock has 3 warning signs investors should review. Among 694 Metals & Mining companies, Gold Reserve ranks worse than 144092.07% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Gold Reserve's enterprise value is $535.01 Mil. Gold Reserve's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-31.45 Mil. Therefore, Gold Reserve's EV-to-EBITDA for today is -17.01.

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

GDRZF' s EV-to-EBITDA Range Over the Past 10 Years
Min: -17.19   Med: 0   Max: 0
Current: -17.01

GDRZF's EV-to-EBITDA is ranked worse than
100% of 694 companies
in the Metals & Mining industry
Industry Median: 10.48 vs GDRZF: -17.01

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 (2026-08-13), Gold Reserve's stock price is $4.59. Gold Reserve's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.300. Therefore, Gold Reserve's PE Ratio (TTM) for today is At Loss.

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


Gold Reserve  (OTCPK:GDRZF) 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.

Gold Reserve's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.59/-0.300
=At Loss

Gold Reserve's share price for today is $4.59.
Gold Reserve's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.300.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Gold Reserve EV-to-EBITDA Related Terms


Gold Reserve EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Gold Reserve'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.

Gold Reserve EV-to-EBITDA Chart

Gold Reserve Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.28 -11.45 -34.75 -7.02 -3.77

Gold Reserve Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 -8.79 -10.95 -5.59 -3.77 -14.13

GDRZF vs NEM, AU: EV-to-EBITDA Comparison

For the Gold subindustry, Gold Reserve'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.


Gold Reserve EV-to-EBITDA vs Metals & Mining Industry

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

* The bar in red indicates where Gold Reserve's EV-to-EBITDA falls into.


GDRZF
35GF Score
Gold Reserve Ltd GDRZF
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gold Reserve EV-to-EBITDA Calculation

Gold Reserve's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=535.011/-31.453
=-17.01

Gold Reserve's current Enterprise Value is $535.01 Mil.
Gold Reserve's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.45 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of -17.01 mean?
Gold Reserve (GDRZF) has a EV-to-EBITDA of -17.01 as of Aug. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Gold Reserve. According to the industry distribution chart, Gold Reserve ranks #999999 out of 694 companies in the Metals & Mining industry.
Is Gold Reserve's EV-to-EBITDA too high?
Gold Reserve's current EV-to-EBITDA is -17.01. Based on the distribution chart, Gold Reserve ranks #999999 out of 694 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Gold Reserve has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Gold Reserve's EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Gold Reserve ranks #999999 out of 694 companies for EV-to-EBITDA. This places Gold Reserve in the lower half of its industry. The industry median EV-to-EBITDA is 10.48. 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 10.48, based on 694 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. 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 Gold Reserve. For the Metals & Mining industry, the median EV-to-EBITDA is 10.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Reserve's current EV-to-EBITDA is -17.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Reserve stock overvalued right now?
Gold Reserve (GDRZF) has a current EV-to-EBITDA of -17.01. The current EV-to-EBITDA is -17.01. Gold Reserve's overall GF Score™ is 35/100 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 Gold Reserve (GDRZF), the current EV-to-EBITDA is -17.01 as of Aug. 13, 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.

Gold Reserve Business Description

Other Exchanges 97Z:GermanyGRZ:Canada
Address 11 Bermudiana Road, Rosebank Centre, 5th Floor, Pembroke, BMU, HM 08
Gold Reserve Ltd is focused on managing and monetizing a collection of legal and arbitral claims. These claims include the CITGO Proceedings, Portugal Attachment Proceedings, and the Siembra Minera Arbitration Proceedings. The company operates in a single operating and reportable segment: pursuing legal claims related to mineral properties.
35GF Score

Get the complete analysis for GDRZF

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

$4.59
Price