Kinross Gold (XSWX:KG) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Kinross Gold Forward PE Ratio Related Terms
Kinross Gold Forward PE Ratio Historical Data
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The historical data trend for Kinross Gold's Forward PE Ratio 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.
Kinross Gold Forward PE Ratio Chart
Kinross Gold Annual Data
Trend
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
Forward PE Ratio
17.04
33.67
28.33
8.86
4.09
5.52
15.70
Kinross Gold Quarterly Data
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2026-03
Forward PE Ratio
196.08
64.94
16.61
17.04
67.11
52.08
46.95
33.67
18.18
16.89
18.66
28.33
26.11
22.27
13.25
8.86
8.89
7.23
5.14
4.09
4.56
7.04
4.47
5.52
7.47
7.66
8.38
15.70
14.68
10.47
8.56
9.35
XSWX:KG vs NEM, AU, RGLD: Forward PE Ratio Comparison
For the Gold subindustry, Kinross Gold's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Kinross Gold Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Kinross Gold's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Kinross Gold (XSWX:KG) has a Forward PE Ratio of 7.93 as of Jul. 13, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Kinross Gold and its competitors. According to the industry distribution chart, Kinross Gold ranks #169 out of 485 companies in the Metals & Mining industry, placing it in the top 34.8%.
Is Kinross Gold's Forward PE Ratio too high?
Kinross Gold's current Forward PE Ratio is 7.93. The Metals & Mining industry median Forward PE Ratio is 11.14. Kinross Gold's value of 7.93 is 28.8% below this industry median. Based on the distribution chart, Kinross Gold ranks #169 out of 485 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kinross Gold has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Forward PE Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #169 out of 485 companies for Forward PE Ratio. This puts Kinross Gold in the upper half of its industry. The industry median Forward PE Ratio is 11.14. Kinross Gold's value of 7.93 is 28.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Metals & Mining company?
The median Forward PE Ratio among Metals & Mining companies is 11.14, based on 485 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinross Gold's current Forward PE Ratio of 7.93 is 28.8% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Kinross Gold and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinross Gold's current Forward PE Ratio is 7.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (XSWX:KG) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF14.49, compared to a current price of CHF19.16 — trading 32.3% above its estimated fair value. The current Forward PE Ratio is 7.93 and 28.8% below the Metals & Mining industry median of 11.14. Kinross Gold's overall GF Score™ is 94/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Kinross Gold (XSWX:KG), the current Forward PE Ratio is 7.93 as of Jul. 13, 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 Kinross Gold (XSWX:KG) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of CHF19.16 is trading 32.3% above its estimated GF Value™ of CHF14.49.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for XSWX:KG:
Forward PE Ratio: 7.93
GF Value™: CHF14.49 vs. price of CHF19.16 (32.3% above fair value)
Industry Position: 28.8% below the Metals & Mining median (#169 of 485)
No single metric tells the full story. See the XSWX:KG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
94GF Score
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