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Thor ExplorationsLSE:THX -1.03%45 EV-to-EBITDA is 1.21 as of Aug. 14, 2026, which is 45% below its 10-year median of 2.20. GuruFocus rates LSE:THX with a GF Score™ of 45/100 and a GF Value™ of £0.42 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 696 Metals & Mining companies, Thor Explorations ranks better than 94.25% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Thor Explorations's enterprise value is £229.0 Mil.
Thor Explorations's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was £189.0 Mil. Therefore, Thor Explorations's EV-to-EBITDA for today is 1.21.
The historical rank and industry rank for Thor Explorations's EV-to-EBITDA or its related term are showing as below:
LSE:THX'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -104.68 Med: 2.2 Max: 21.94
Current: 1.23
During the past 13 years, the highest EV-to-EBITDA of Thor Explorations was 21.94. The lowest was -104.68. And the median was 2.20.
LSE:THX's EV-to-EBITDA is ranked better than 94.25% of 696
companies
in the Metals & Mining industry
Industry Median: 10.37
vs LSE:THX: 1.23
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.
Thor Explorations's PE Ratio (TTM) for today is calculated as:
Thor Explorations's share price for today is £0.574.
Thor Explorations's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was £0.235.
* 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 Thor Explorations'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 Gold subindustry, Thor Explorations'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.
Thor Explorations EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Thor Explorations's EV-to-EBITDA falls into.
Thor Explorations's current Enterprise Value is £229.0 Mil.
Thor Explorations's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was £189.0 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.
Thor Explorations (LSE:THX) has a EV-to-EBITDA of 1.21 as of Aug. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Thor Explorations. This is 45% below median its historical median of 2.20. According to the industry distribution chart, Thor Explorations ranks #40 out of 696 companies in the Metals & Mining industry, placing it in the top 5.7%.
Is Thor Explorations' EV-to-EBITDA too high?
Thor Explorations' current EV-to-EBITDA of 1.21 is 45% below median its 10-year median of 2.20. The Metals & Mining industry median EV-to-EBITDA is 10.37. Thor Explorations' value of 1.21 is 88.3% below this industry median. Based on the distribution chart, Thor Explorations ranks #40 out of 696 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Thor Explorations has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #40 out of 696 companies for EV-to-EBITDA. This places Thor Explorations in the top 6% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 10.37. Thor Explorations' value of 1.21 is 88.3% below this benchmark. While the company's 10-year median is 2.20 vs. the industry median of 10.37, Thor Explorations 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 10.37, based on 696 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. Thor Explorations's current EV-to-EBITDA of 1.21 is 88.3% 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 Thor Explorations. For the Metals & Mining industry, the median EV-to-EBITDA is 10.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current EV-to-EBITDA is 1.21, which is 45% below median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (LSE:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.42, compared to a current price of £0.57 — trading 36.7% above its estimated fair value. The current EV-to-EBITDA is 1.21, which is 45% below median its 10-year median of 2.20 and 88.3% below the Metals & Mining industry median of 10.37. Thor Explorations' overall GF Score™ is 45/100 with 1 warning sign 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 Thor Explorations (LSE:THX), the current EV-to-EBITDA is 1.21 as of Aug. 14, 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 Thor Explorations (LSE:THX) Overvalued in 2026?
Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued.
The current stock price of £0.57 is trading 36.7% above its estimated GF Value™ of £0.42.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for LSE:THX:
EV-to-EBITDA: 1.21 (45% below median its 10-year median of 2.20)
GF Value™: £0.42 vs. price of £0.57 (36.7% above fair value)
Industry Position: 88.3% below the Metals & Mining median (#40 of 696)
No single metric tells the full story. See the LSE:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
45GF Score
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