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Patagonia GoldHGLD -3.03%29 EV-to-EBITDA is -88.53 as of Jul. 26, 2026. GuruFocus rates HGLD with a GF Score™ of 29/100 and a GF Value™ of $0.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 688 Metals & Mining companies, Patagonia Gold ranks worse than 145348.69% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Patagonia Gold's enterprise value is $227.87 Mil.
Patagonia Gold's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.57 Mil. Therefore, Patagonia Gold's EV-to-EBITDA for today is -88.53.
The historical rank and industry rank for Patagonia Gold's EV-to-EBITDA or its related term are showing as below:
HGLD'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -150.1 Med: -9.3 Max: 104.1
Current: -90.59
During the past 13 years, the highest EV-to-EBITDA of Patagonia Gold was 104.10. The lowest was -150.10. And the median was -9.30.
HGLD's EV-to-EBITDA is ranked worse than 100% of 688
companies
in the Metals & Mining industry
Industry Median: 9.925
vs HGLD: -90.59
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.
Patagonia Gold's PE Ratio (TTM) for today is calculated as:
Patagonia Gold's share price for today is $0.32.
Patagonia Gold'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 $-0.019.
* 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 Patagonia Gold'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 Other Precious Metals & Mining subindustry, Patagonia Gold'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.
Patagonia Gold EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Patagonia Gold's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Patagonia Gold's EV-to-EBITDA falls into.
Patagonia Gold's current Enterprise Value is $227.87 Mil.
Patagonia Gold'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 $-2.57 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.
Patagonia Gold (HGLD) has a EV-to-EBITDA of -88.53 as of Jul. 26, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Patagonia Gold. According to the industry distribution chart, Patagonia Gold ranks #999999 out of 688 companies in the Metals & Mining industry.
Is Patagonia Gold's EV-to-EBITDA too high?
Patagonia Gold's current EV-to-EBITDA is -88.53. Based on the distribution chart, Patagonia Gold ranks #999999 out of 688 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Patagonia Gold has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patagonia Gold's EV-to-EBITDA compare to HL?
According to the Metals & Mining industry distribution chart, Patagonia Gold ranks #999999 out of 688 companies for EV-to-EBITDA. This places Patagonia Gold in the lower half of its industry. The industry median EV-to-EBITDA is 9.93. 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 9.93, based on 688 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 Patagonia Gold. For the Metals & Mining industry, the median EV-to-EBITDA is 9.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patagonia Gold's current EV-to-EBITDA is -88.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patagonia Gold stock overvalued right now?
Based on GuruFocus' analysis, Patagonia Gold (HGLD) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.03, compared to a current price of $0.32 — trading 966.7% above its estimated fair value. The current EV-to-EBITDA is -88.53. Patagonia Gold's overall GF Score™ is 29/100 with 7 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 Patagonia Gold (HGLD), the current EV-to-EBITDA is -88.53 as of Jul. 26, 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 Patagonia Gold (HGLD) Overvalued in 2026?
Based on GuruFocus' analysis, Patagonia Gold stock appears to be overvalued.
The current stock price of $0.32 is trading 966.7% above its estimated GF Value™ of $0.03.
GuruFocus considers Patagonia Gold to be Significantly Overvalued.
Key valuation signals for HGLD:
EV-to-EBITDA: -88.53
GF Value™: $0.03 vs. price of $0.32 (966.7% above fair value)
No single metric tells the full story. See the HGLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria and others.
29GF Score
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