KGHM Polska Miedz (WAR:KGH) EV-to-EBITDA: 6.48 (As of Sep. 22, 2026) — 34% Above Median

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.

WAR:KGH KGHM Polska Miedz SA WAR:KGH
73 GF Score
Price zł344.90
GF Value zł185.01
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KGHM Polska Miedz EV-to-EBITDA?

KGHM Polska Miedz WAR:KGH -1.13% 73 EV-to-EBITDA is 6.48 as of Sep. 22, 2026, which is 34% above its 10-year median of 4.83. GuruFocus rates WAR:KGH with a GF Score™ of 73/100 and a GF Value™ of zł185.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 707 Metals & Mining companies, KGHM Polska Miedz ranks better than 75.53% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, KGHM Polska Miedz's enterprise value is zł71,913 Mil. KGHM Polska Miedz's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was zł11,104 Mil. Therefore, KGHM Polska Miedz's EV-to-EBITDA for today is 6.48.

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

WAR:KGH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -268.65   Med: 4.83   Max: 11.41
Current: 4.95

During the past 13 years, the highest EV-to-EBITDA of KGHM Polska Miedz was 11.41. The lowest was -268.65. And the median was 4.83.

WAR:KGH's EV-to-EBITDA is ranked better than
75.53% of 707 companies
in the Metals & Mining industry
Industry Median: 9.36 vs WAR:KGH: 4.95

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 (2026-09-22), KGHM Polska Miedz's stock price is zł344.90. KGHM Polska Miedz's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was zł43.435. Therefore, KGHM Polska Miedz's PE Ratio (TTM) for today is 7.94.

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


KGHM Polska Miedz  (WAR:KGH) 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.

KGHM Polska Miedz's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=344.90/43.435
=7.94

KGHM Polska Miedz's share price for today is zł344.90.
KGHM Polska Miedz'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 zł43.435.

* 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?


KGHM Polska Miedz EV-to-EBITDA Related Terms


KGHM Polska Miedz EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz EV-to-EBITDA Chart

KGHM Polska Miedz 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 3.12 4.07 -21.48 4.61 11.35

KGHM Polska Miedz 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 5.57 5.94 11.18 6.43 6.39

WAR:KGH vs SCCO, FCX: EV-to-EBITDA Comparison

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz EV-to-EBITDA vs Metals & Mining Industry

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

* The bar in red indicates where KGHM Polska Miedz's EV-to-EBITDA falls into.


WAR:KGH
73GF Score
KGHM Polska Miedz SA WAR:KGH
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KGHM Polska Miedz EV-to-EBITDA Calculation

KGHM Polska Miedz's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=71913.000/11104
=6.48

KGHM Polska Miedz's current Enterprise Value is zł71,913 Mil.
KGHM Polska Miedz'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 zł11,104 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 6.48 mean?
KGHM Polska Miedz (WAR:KGH) has a EV-to-EBITDA of 6.48 as of Sep. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on KGHM Polska Miedz. This is 34% above median its historical median of 4.83. According to the industry distribution chart, KGHM Polska Miedz ranks #173 out of 707 companies in the Metals & Mining industry, placing it in the top 24.5%.
Is KGHM Polska Miedz's EV-to-EBITDA too high?
KGHM Polska Miedz's current EV-to-EBITDA of 6.48 is 34% above median its 10-year median of 4.83. The Metals & Mining industry median EV-to-EBITDA is 9.36. KGHM Polska Miedz's value of 6.48 is 30.8% below this industry median. Based on the distribution chart, KGHM Polska Miedz ranks #173 out of 707 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, KGHM Polska Miedz has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's EV-to-EBITDA compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KGHM Polska Miedz ranks #173 out of 707 companies for EV-to-EBITDA. This places KGHM Polska Miedz in the top 25% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.36. KGHM Polska Miedz's value of 6.48 is 30.8% below this benchmark. While the company's 10-year median is 4.83 vs. the industry median of 9.36, KGHM Polska Miedz 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 9.36, based on 707 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. KGHM Polska Miedz's current EV-to-EBITDA of 6.48 is 30.8% 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 KGHM Polska Miedz. For the Metals & Mining industry, the median EV-to-EBITDA is 9.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KGHM Polska Miedz's current EV-to-EBITDA is 6.48, which is 34% above median its own 10-year median of 4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (WAR:KGH) is currently considered Significantly Overvalued. The stock's GF Value™ is zł185.01, compared to a current price of zł344.90 — trading 86.4% above its estimated fair value. The current EV-to-EBITDA is 6.48, which is 34% above median its 10-year median of 4.83 and 30.8% below the Metals & Mining industry median of 9.36. KGHM Polska Miedz's overall GF Score™ is 73/100 with 6 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 KGHM Polska Miedz (WAR:KGH), the current EV-to-EBITDA is 6.48 as of Sep. 22, 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 KGHM Polska Miedz (WAR:KGH) Overvalued in 2026?

Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued. The current stock price of zł344.90 is trading 86.4% above its estimated GF Value™ of zł185.01. GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.

Key valuation signals for WAR:KGH:

  • EV-to-EBITDA: 6.48 (34% above median its 10-year median of 4.83)
  • GF Value™: zł185.01 vs. price of zł344.90 (86.4% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 30.8% below the Metals & Mining median (#173 of 707)

No single metric tells the full story. See the WAR:KGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KGHM Polska Miedz Business Description

Address 48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
73GF Score

Get the complete analysis for WAR:KGH

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

zł344.90
Price
zł185.01
GF Value