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Anglogold AshantiHAM:HT3 -1.44%81 EV-to-EBITDA is 7.01 as of Jul. 17, 2026, which is 27% below its 10-year median of 9.63. GuruFocus rates HAM:HT3 with a GF Score™ of 81/100 and a GF Value™ of €48.20 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 687 Metals & Mining companies, Anglogold Ashanti ranks better than 64.48% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Anglogold Ashanti's enterprise value is €34,744 Mil.
Anglogold Ashanti's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €4,953 Mil. Therefore, Anglogold Ashanti's EV-to-EBITDA for today is 7.01.
The historical rank and industry rank for Anglogold Ashanti's EV-to-EBITDA or its related term are showing as below:
HAM:HT3'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.3 Med: 9.63 Max: 49.27
Current: 6.63
During the past 13 years, the highest EV-to-EBITDA of Anglogold Ashanti was 49.27. The lowest was 5.30. And the median was 9.63.
HAM:HT3's EV-to-EBITDA is ranked better than 64.48% of 687
companies
in the Metals & Mining industry
Industry Median: 9.81
vs HAM:HT3: 6.63
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.
Anglogold Ashanti's PE Ratio (TTM) for today is calculated as:
Anglogold Ashanti's share price for today is €66.98.
Anglogold Ashanti'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 €5.866.
* 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 Anglogold Ashanti'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.
HAM:HT3 vs RGLD, CDE, AUGO: EV-to-EBITDA Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti's EV-to-EBITDA falls into.
Anglogold Ashanti's current Enterprise Value is €34,744 Mil.
Anglogold Ashanti'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 €4,953 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.
Anglogold Ashanti (HAM:HT3) has a EV-to-EBITDA of 7.01 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 Anglogold Ashanti. This is 27% below median its historical median of 9.63. Over the past decade, Anglogold Ashanti's EV-to-EBITDA has ranged from 5.30 to 49.27. According to the industry distribution chart, Anglogold Ashanti ranks #244 out of 687 companies in the Metals & Mining industry, placing it in the top 35.5%.
Is Anglogold Ashanti's EV-to-EBITDA too high?
Anglogold Ashanti's current EV-to-EBITDA of 7.01 is 27% below median its 10-year median of 9.63. Over the past 10 years, this metric has ranged from a low of 5.30 to a high of 49.27. The Metals & Mining industry median EV-to-EBITDA is 9.81. Anglogold Ashanti's value of 7.01 is 28.5% below this industry median. Based on the distribution chart, Anglogold Ashanti ranks #244 out of 687 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Anglogold Ashanti has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's EV-to-EBITDA compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #244 out of 687 companies for EV-to-EBITDA. This puts Anglogold Ashanti in the upper half of its industry. The industry median EV-to-EBITDA is 9.81. Anglogold Ashanti's value of 7.01 is 28.5% below this benchmark. Historically, Anglogold Ashanti's own EV-to-EBITDA has ranged from 5.30 to 49.27 over the past decade. While the company's 10-year median is 9.63 vs. the industry median of 9.81, Anglogold Ashanti 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. Anglogold Ashanti's current EV-to-EBITDA of 7.01 is 28.5% 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 Anglogold Ashanti. 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. Anglogold Ashanti's current EV-to-EBITDA is 7.01, which is 27% below median its own 10-year median of 9.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.20, compared to a current price of €66.98 — trading 39% above its estimated fair value. The current EV-to-EBITDA is 7.01, which is 27% below median its 10-year median of 9.63 and 28.5% below the Metals & Mining industry median of 9.81. Anglogold Ashanti's overall GF Score™ is 81/100 with 2 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 Anglogold Ashanti (HAM:HT3), the current EV-to-EBITDA is 7.01 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 Anglogold Ashanti (HAM:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €66.98 is trading 39% above its estimated GF Value™ of €48.20.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
EV-to-EBITDA: 7.01 (27% below median its 10-year median of 9.63)
GF Value™: €48.20 vs. price of €66.98 (39% above fair value)
Industry Position: 28.5% below the Metals & Mining median (#244 of 687)
No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
81GF Score
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