SURMF (Surface Metals) EV-to-EBITDA: -1.39 (As of Aug. 19, 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.

SURMF Surface Metals Inc SURMF
34 GF Score
Price $0.12
! 2 Warning Signs
View Full Analysis

What is Surface Metals EV-to-EBITDA?

Surface Metals SURMF +7.40% 34 EV-to-EBITDA is -1.39 as of Aug. 19, 2026. GuruFocus rates SURMF with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 700 Metals & Mining companies, Surface Metals ranks worse than 142857% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Surface Metals's enterprise value is $4.42 Mil. Surface Metals's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-3.18 Mil. Therefore, Surface Metals's EV-to-EBITDA for today is -1.39.

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

SURMF' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1.44   Med: 0   Max: 0
Current: -1.39

SURMF's EV-to-EBITDA is ranked worse than
100% of 700 companies
in the Metals & Mining industry
Industry Median: 10.115 vs SURMF: -1.39

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 (2026-08-19), Surface Metals's stock price is $0.1161. Surface Metals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.101. Therefore, Surface Metals'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).


Surface Metals  (OTCPK:SURMF) 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.

Surface Metals's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.1161/-0.101
=At Loss

Surface Metals's share price for today is $0.1161.
Surface Metals'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 $-0.101.

* 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?


Surface Metals EV-to-EBITDA Related Terms


Surface Metals EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Surface Metals'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.

Surface Metals EV-to-EBITDA Chart

Surface Metals Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-EBITDA
Get a 7-Day Free Trial 0.00 -8.49 -6.13 -3.24 -2.72

Surface Metals 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 -3.82 -6.19 -2.72 -2.77 -1.86

Surface Metals EV-to-EBITDA Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Surface Metals'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.


Surface Metals EV-to-EBITDA vs Metals & Mining Industry

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

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


SURMF
34GF Score
Surface Metals Inc SURMF
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surface Metals EV-to-EBITDA Calculation

Surface Metals's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4.417/-3.176
=-1.39

Surface Metals's current Enterprise Value is $4.42 Mil.
Surface Metals'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 $-3.18 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 -1.39 mean?
Surface Metals (SURMF) has a EV-to-EBITDA of -1.39 as of Aug. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Surface Metals. According to the industry distribution chart, Surface Metals ranks #999999 out of 700 companies in the Metals & Mining industry.
Is Surface Metals' EV-to-EBITDA too high?
Surface Metals' current EV-to-EBITDA is -1.39. Based on the distribution chart, Surface Metals ranks #999999 out of 700 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Surface Metals has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Surface Metals' EV-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Surface Metals ranks #999999 out of 700 companies for EV-to-EBITDA. This places Surface Metals in the lower half of its industry. The industry median EV-to-EBITDA is 10.12. 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 10.12, based on 700 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 Surface Metals. For the Metals & Mining industry, the median EV-to-EBITDA is 10.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surface Metals's current EV-to-EBITDA is -1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surface Metals stock overvalued right now?
Surface Metals (SURMF) has a current EV-to-EBITDA of -1.39. The current EV-to-EBITDA is -1.39. Surface Metals' overall GF Score™ is 34/100 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 Surface Metals (SURMF), the current EV-to-EBITDA is -1.39 as of Aug. 19, 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.

Surface Metals Business Description

Other Exchanges SUR:Canada
Address 318 - 1199 West Pender Street, Vancouver, BC, CAN, V6E 2R1
Surface Metals Inc is a mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties located in the State of Nevada, USA, and Manitoba, Canada. The company's projects include Clayton valley, Fish lake valley, Shatford lake, Cat-Euclid lake, Birse lake project.
34GF Score

Get the complete analysis for SURMF

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

$0.12
Price