Ivanhoe Mines (TSX:IVN) EV-to-EBITDA: 54.18 (As of Aug. 20, 2026) — 13% Above Median

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TSX:IVN Ivanhoe Mines Ltd TSX:IVN
33 GF Score
Price C$11.55
! 4 Warning Signs
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What is Ivanhoe Mines EV-to-EBITDA?

Ivanhoe Mines TSX:IVN +3.03% 33 EV-to-EBITDA is 54.18 as of Aug. 20, 2026, which is 13% above its 10-year median of 47.93. GuruFocus rates TSX:IVN with a GF Score™ of 33/100. The stock has 4 warning signs investors should review. Among 701 Metals & Mining companies, Ivanhoe Mines ranks worse than 89.16% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ivanhoe Mines's enterprise value is C$17,168.9 Mil. Ivanhoe Mines's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was C$316.9 Mil. Therefore, Ivanhoe Mines's EV-to-EBITDA for today is 54.18.

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

TSX:IVN' s EV-to-EBITDA Range Over the Past 10 Years
Min: 24.64   Med: 47.93   Max: 86.96
Current: 54.18

During the past 13 years, the highest EV-to-EBITDA of Ivanhoe Mines was 86.96. The lowest was 24.64. And the median was 47.93.

TSX:IVN's EV-to-EBITDA is ranked worse than
89.16% of 701 companies
in the Metals & Mining industry
Industry Median: 10.35 vs TSX:IVN: 54.18

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 (2026-08-20), Ivanhoe Mines's stock price is C$11.55. Ivanhoe Mines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was C$0.125. Therefore, Ivanhoe Mines's PE Ratio (TTM) for today is 92.40.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Ivanhoe Mines  (TSX:IVN) 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.

Ivanhoe Mines's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=11.55/0.125
=92.40

Ivanhoe Mines's share price for today is C$11.55.
Ivanhoe Mines'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 C$0.125.

* 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?


Ivanhoe Mines EV-to-EBITDA Related Terms


Ivanhoe Mines EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ivanhoe Mines'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.

Ivanhoe Mines EV-to-EBITDA Chart

Ivanhoe Mines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 740.20 28.01 42.93 78.31 50.35

Ivanhoe Mines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 29.42 48.40 50.35 66.93 52.23

Ivanhoe Mines EV-to-EBITDA Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.


Ivanhoe Mines EV-to-EBITDA vs Metals & Mining Industry

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

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


TSX:IVN
33GF Score
Ivanhoe Mines Ltd TSX:IVN
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ivanhoe Mines EV-to-EBITDA Calculation

Ivanhoe Mines's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=17168.887/316.89
=54.18

Ivanhoe Mines's current Enterprise Value is C$17,168.9 Mil.
Ivanhoe Mines'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 C$316.9 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 54.18 mean?
Ivanhoe Mines (TSX:IVN) has a EV-to-EBITDA of 54.18 as of Aug. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ivanhoe Mines. This is 13% above median its historical median of 47.93. Over the past decade, Ivanhoe Mines' EV-to-EBITDA has ranged from 24.64 to 86.96. According to the industry distribution chart, Ivanhoe Mines ranks #625 out of 701 companies in the Metals & Mining industry, placing it in the top 89.2%.
Is Ivanhoe Mines' EV-to-EBITDA too high?
Ivanhoe Mines' current EV-to-EBITDA of 54.18 is 13% above median its 10-year median of 47.93. Over the past 10 years, this metric has ranged from a low of 24.64 to a high of 86.96. The Metals & Mining industry median EV-to-EBITDA is 10.35. Ivanhoe Mines' value of 54.18 is 423.5% above this industry median. Based on the distribution chart, Ivanhoe Mines ranks #625 out of 701 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Ivanhoe Mines has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Ivanhoe Mines' EV-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Ivanhoe Mines ranks #625 out of 701 companies for EV-to-EBITDA. This places Ivanhoe Mines in the lower half of its industry. The industry median EV-to-EBITDA is 10.35. Ivanhoe Mines' value of 54.18 is 423.5% above this benchmark. Historically, Ivanhoe Mines' own EV-to-EBITDA has ranged from 24.64 to 86.96 over the past decade. While the company's 10-year median is 47.93 vs. the industry median of 10.35, Ivanhoe Mines has consistently been above 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 10.35, based on 701 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. Ivanhoe Mines's current EV-to-EBITDA of 54.18 is 423.5% above 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 Ivanhoe Mines. For the Metals & Mining industry, the median EV-to-EBITDA is 10.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ivanhoe Mines's current EV-to-EBITDA is 54.18, which is 13% above median its own 10-year median of 47.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ivanhoe Mines stock overvalued right now?
Ivanhoe Mines (TSX:IVN) has a current EV-to-EBITDA of 54.18. The current EV-to-EBITDA is 54.18, which is 13% above median its 10-year median of 47.93 and 423.5% above the Metals & Mining industry median of 10.35. Ivanhoe Mines' overall GF Score™ is 33/100 with 4 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 Ivanhoe Mines (TSX:IVN), the current EV-to-EBITDA is 54.18 as of Aug. 20, 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.

Ivanhoe Mines Business Description

Other Exchanges IVPAF:USAIYAA:Germany
Address 999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1
Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.
33GF Score

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

C$11.55
Price