B2GoldMEX:BTGN +4.15%84 Market Cap is MXN93,387 Mil as of Jun. 26, 2026. GuruFocus rates MEX:BTGN with a GF Score™ of 84/100 and a GF Value™ of MXN90.86 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,687 Metals & Mining companies, B2Gold ranks better than 95.27% 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 Mar. 2026 was MXN80.8. B2Gold's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 1,334 Mil. Therefore, B2Gold's market cap for the quarter that ended in Mar. 2026 was MXN107,772 Mil.
B2Gold's quarterly market cap
declined
from Sep. 2025 (MXN121,082 Mil) to Dec. 2025 (MXN107,920 Mil) and
declined
from Dec. 2025 (MXN107,920 Mil) to Mar. 2026 (MXN107,772 Mil).
B2Gold's annual market cap
declined
from Dec. 2023 (MXN79,823 Mil) to Dec. 2024 (MXN68,011 Mil) but then
increased
from Dec. 2024 (MXN68,011 Mil) to Dec. 2025 (MXN107,920 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 MXN97,864 Mil.
B2Gold (MEX:BTGN) Market Cap Explanation
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
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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 (MEX:BTGN) has a Market Cap of MXN93,387 Mil as of Jun. 26, 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 #127 out of 2687 companies in the Metals & Mining industry, placing it in the top 4.7%.
Is B2Gold's Market Cap too high?
B2Gold's current Market Cap is MXN93,387 Mil. Based on the distribution chart, B2Gold ranks #127 out of 2687 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 84/100 and is considered Modestly Undervalued, 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 #127 out of 2687 companies for Market Cap. This places B2Gold in the top 5% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.51. 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 21.51, based on 2,687 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. 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 21.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2Gold's current Market Cap is MXN93,387 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 (MEX:BTGN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN90.86, compared to a current price of MXN70.20 — trading 22.7% below its estimated fair value. The current Market Cap is MXN93,387 Mil. B2Gold's overall GF Score™ is 84/100 with 6 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 (MEX:BTGN), the current Market Cap is MXN93,387 Mil as of Jun. 26, 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 (MEX:BTGN) Overvalued in 2026?
Based on GuruFocus' analysis, B2Gold stock appears to be undervalued.
The current stock price of MXN70.20 is trading 22.7% below its estimated GF Value™ of MXN90.86.
GuruFocus considers B2Gold to be Modestly Undervalued.
Key valuation signals for MEX:BTGN:
Market Cap: MXN93,387 Mil
GF Value™: MXN90.86 vs. price of MXN70.20 (22.7% below fair value)
No single metric tells the full story. See the MEX:BTGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
84GF Score
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