Evolution MiningASX:EVN -3.81%92 PB Ratio is 4.28 as of Jun. 25, 2026, which is 71% above its 10-year median of 2.51. GuruFocus rates ASX:EVN with a GF Score™ of 92/100 and a GF Value™ of A$8.32 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,358 Metals & Mining companies, Evolution Mining ranks worse than 73.66% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Evolution Mining's share price is A$11.88. Evolution Mining's Book Value per Share for the quarter that ended in Dec. 2025 was A$2.77. Hence, Evolution Mining's PB Ratio of today is 4.28.
The historical rank and industry rank for Evolution Mining's PB Ratio or its related term are showing as below:
ASX:EVN'
s PB Ratio Range Over the Past 10 Years
Min: 1.02 Med: 2.51 Max: 6.7
Current: 4.28
During the past 13 years, Evolution Mining's highest PB Ratio was 6.70. The lowest was 1.02. And the median was 2.51.
ASX:EVN's PB Ratio is ranked worse than 73.66% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs ASX:EVN: 4.28
During the past 12 months, Evolution Mining's average Book Value Per Share Growth Rate was 24.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Evolution Mining was 77.10% per year. The lowest was -38.40% per year. And the median was 7.80% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Evolution Mining PB Ratio Related Terms
Evolution Mining PB Ratio Historical Data
* Premium members only.
The historical data trend for Evolution Mining's PB 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.
For the Gold subindustry, Evolution Mining's PB Ratio, along with its competitors' market caps and PB 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.
Evolution Mining PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Evolution Mining's PB Ratio distribution charts can be found below:
* The bar in red indicates where Evolution Mining's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Evolution Mining (ASX:EVN) has a PB Ratio of 4.28 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Evolution Mining and its competitors. This is 71% above median its historical median of 2.51. Over the past decade, Evolution Mining's PB Ratio has ranged from 1.02 to 6.70. According to the industry distribution chart, Evolution Mining ranks #1737 out of 2358 companies in the Metals & Mining industry, placing it in the top 73.7%.
Is Evolution Mining's PB Ratio too high?
Evolution Mining's current PB Ratio of 4.28 is 71% above median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 6.70. The Metals & Mining industry median PB Ratio is 2.27. Evolution Mining's value of 4.28 is 88.5% above this industry median. Based on the distribution chart, Evolution Mining ranks #1737 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Evolution Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evolution Mining's PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Evolution Mining ranks #1737 out of 2358 companies for PB Ratio. This places Evolution Mining in the lower half of its industry. The industry median PB Ratio is 2.27. Evolution Mining's value of 4.28 is 88.5% above this benchmark. Historically, Evolution Mining's own PB Ratio has ranged from 1.02 to 6.70 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 2.27, Evolution Mining 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,358 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Evolution Mining's current PB Ratio of 4.28 is 88.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Evolution Mining and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evolution Mining's current PB Ratio is 4.28, which is 71% above median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evolution Mining stock overvalued right now?
Based on GuruFocus' analysis, Evolution Mining (ASX:EVN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$8.32, compared to a current price of A$11.88 — trading 42.8% above its estimated fair value. The current PB Ratio is 4.28, which is 71% above median its 10-year median of 2.51 and 88.5% above the Metals & Mining industry median of 2.27. Evolution Mining's overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Evolution Mining (ASX:EVN), the current PB Ratio is 4.28 as of Jun. 25, 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 Evolution Mining (ASX:EVN) Overvalued in 2026?
Based on GuruFocus' analysis, Evolution Mining stock appears to be overvalued.
The current stock price of A$11.88 is trading 42.8% above its estimated GF Value™ of A$8.32.
GuruFocus considers Evolution Mining to be Significantly Overvalued.
Key valuation signals for ASX:EVN:
PB Ratio: 4.28 (71% above median its 10-year median of 2.51)
GF Value™: A$8.32 vs. price of A$11.88 (42.8% above fair value)
Industry Position: 88.5% above the Metals & Mining median (#1737 of 2358)
No single metric tells the full story. See the ASX:EVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evolution Mining is an Australia-based gold miner. It sold around 750,000 ounces of gold in fiscal 2025 from six wholly or majority owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were purchased in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, the rest of Ernest Henry in 2022 and an 80% stake in the Northparkes copper and gold mine in December 2023. It had roughly 15 years of gold reserves and two decades of copper reserves at the end of December 2024.
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