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.
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.
B2GoldBTG +4.10%90 Market Cap is $7,341 Mil as of Sep. 22, 2026. GuruFocus rates BTG with a GF Score™ of 90/100 and a GF Value™ of $4.89 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,693 Metals & Mining companies, B2Gold ranks better than 96.1% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). B2Gold's share price for the quarter that ended in Jun. 2026 was $3.74. B2Gold's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 1,321 Mil. Therefore, B2Gold's market cap for the quarter that ended in Jun. 2026 was $4,941 Mil.
B2Gold's quarterly market cap
declined
from Dec. 2025 ($6,044 Mil) to Mar. 2026 ($6,040 Mil) and
declined
from Mar. 2026 ($6,040 Mil) to Jun. 2026 ($4,954 Mil).
B2Gold's annual market cap
declined
from Dec. 2023 ($4,133 Mil) to Dec. 2024 ($3,226 Mil) but then
increased
from Dec. 2024 ($3,226 Mil) to Dec. 2025 ($6,044 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. B2Gold's Enterprise Value for Today is $7,587 Mil.
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
B2Gold Market Cap Related Terms
B2Gold Market Cap Historical Data
* Premium members only.
The historical data trend for B2Gold's Market Cap 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, B2Gold's Market Cap, along with its competitors' market caps and Market Cap 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.
B2Gold Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, B2Gold's Market Cap distribution charts can be found below:
* The bar in red indicates where B2Gold's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
B2Gold's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
B2Gold (BTG) has a Market Cap of $7,341 Mil as of Sep. 22, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on B2Gold and its competitors. According to the industry distribution chart, B2Gold ranks #105 out of 2693 companies in the Metals & Mining industry, placing it in the top 3.9%.
Is B2Gold's Market Cap too high?
B2Gold's current Market Cap is $7,341 Mil. The Metals & Mining industry median Market Cap is 23.71. B2Gold's value of $7,341 Mil is 30857.7% above this industry median. Based on the distribution chart, B2Gold ranks #105 out of 2693 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, B2Gold has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Market Cap compare to NEM and AU?
According to the Metals & Mining industry distribution chart, B2Gold ranks #105 out of 2693 companies for Market Cap. This places B2Gold in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 23.71. B2Gold's value of $7,341 Mil is 30857.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 23.71, based on 2,693 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B2Gold's current Market Cap of $7,341 Mil is 30857.7% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on B2Gold and its competitors. For the Metals & Mining industry, the median Market Cap is 23.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2Gold's current Market Cap is $7,341 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (BTG) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.89, compared to a current price of $5.58 — trading 14.1% above its estimated fair value. The current Market Cap is $7,341 Mil and 30857.7% above the Metals & Mining industry median of 23.71. B2Gold's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For B2Gold (BTG), the current Market Cap is $7,341 Mil 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 B2Gold (BTG) Overvalued in 2026?
Based on GuruFocus' analysis, B2Gold stock appears to be overvalued.
The current stock price of $5.58 is trading 14.1% above its estimated GF Value™ of $4.89.
GuruFocus considers B2Gold to be Modestly Overvalued.
Key valuation signals for BTG:
Market Cap: $7,341 Mil
GF Value™: $4.89 vs. price of $5.58 (14.1% above fair value)
Industry Position: 30857.7% above the Metals & Mining median (#105 of 2693)
No single metric tells the full story. See the BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B2Gold Corp is a Canadian senior gold producer with operating mines in Mali, Namibia, and the Philippines. Its flagship asset is the Fekola mine in Mali, supplemented by the Masbate mine in the Philippines and the Otjikoto mine in Namibia. The company also holds the Goose project in Nunavut, Canada, and the Gramalote project in Colombia, along with exploration properties across several continents. B2Gold generates essentially all of its revenue from the sale of gold doré and concentrate, primarily through open-pit mining operations. Its production is sold into the global gold market, with customers typically being refiners, smelters, and bullion banks. The company focuses on acquiring, exploring, developing, and operating gold deposits, with growth driven by mine expansion and development projects.
90GF Score
Get the complete analysis for BTG
Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BTG has been successfully added to your 
