HVGDF (Harvest Gold) EV-to-EBITDA: -2.38 (As of Jul. 11, 2026)


What is Harvest Gold EV-to-EBITDA?

Harvest Gold HVGDF +25.00% EV-to-EBITDA is -2.38 as of Jul. 11, 2026. The stock has 2 warning signs investors should review. Among 681 Metals & Mining companies, Harvest Gold ranks worse than 146842.73% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Harvest Gold's enterprise value is $5.31 Mil. Harvest Gold's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $-2.23 Mil. Therefore, Harvest Gold's EV-to-EBITDA for today is -2.38.

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

HVGDF' s EV-to-EBITDA Range Over the Past 10 Years
Min: -2.5   Med: 0   Max: 0
Current: -2.38

HVGDF's EV-to-EBITDA is ranked worse than
100% of 681 companies
in the Metals & Mining industry
Industry Median: 9.97 vs HVGDF: -2.38

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 (2026-07-11), Harvest Gold's stock price is $0.05. Harvest Gold's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $-0.028. Therefore, Harvest Gold'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).


Harvest Gold  (OTCPK:HVGDF) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.05/-0.028
=At Loss

Harvest Gold's share price for today is $0.05.
Harvest Gold's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.028.

* 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?


Harvest Gold EV-to-EBITDA Related Terms


Harvest Gold EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Harvest 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.

Harvest Gold EV-to-EBITDA Chart

Harvest Gold Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.68 -7.22 -1.38 -2.12 -0.66

Harvest Gold Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -3.04 -0.66 -3.50 -3.19 -2.15

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

For the Gold subindustry, Harvest 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.


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

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

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



Harvest Gold EV-to-EBITDA Calculation

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=5.313/-2.228
=-2.38

Harvest Gold's current Enterprise Value is $5.31 Mil.
Harvest Gold's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.23 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 -2.38 mean?
Harvest Gold (HVGDF) has a EV-to-EBITDA of -2.38 as of Jul. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Harvest Gold. According to the industry distribution chart, Harvest Gold ranks #999999 out of 681 companies in the Metals & Mining industry.
Is Harvest Gold's EV-to-EBITDA too high?
Harvest Gold's current EV-to-EBITDA is -2.38. Based on the distribution chart, Harvest Gold ranks #999999 out of 681 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Harvest Gold's EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Harvest Gold ranks #999999 out of 681 companies for EV-to-EBITDA. This places Harvest Gold in the lower half of its industry. The industry median EV-to-EBITDA is 9.97. 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 9.97, based on 681 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 Harvest Gold. For the Metals & Mining industry, the median EV-to-EBITDA is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvest Gold's current EV-to-EBITDA is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvest Gold stock overvalued right now?
Harvest Gold (HVGDF) has a current EV-to-EBITDA of -2.38. The current EV-to-EBITDA is -2.38. 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 Harvest Gold (HVGDF), the current EV-to-EBITDA is -2.38 as of Jul. 11, 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.

Harvest Gold Business Description

Other Exchanges HVG:Canada
Address 1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6
Harvest Gold Corp is a mineral exploration and resource development company. It is focused on the discovery of economic copper, gold, and silver ore bodies. The company's exploration projects include Emerson, Jacobite & Goathorn, British Columbia; Mosseau, Quebec; and Urban Barry, Quebec.