Kinross GoldTSX:K -0.47%94 PB Ratio is 3.21 as of Jun. 30, 2026, which is 174% above its 10-year median of 1.17. GuruFocus rates TSX:K with a GF Score™ of 94/100 and a GF Value™ of C$25.72 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,356 Metals & Mining companies, Kinross Gold ranks worse than 63.92% 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 (2026-06-30), Kinross Gold's share price is C$33.58. Kinross Gold's Book Value per Share for the quarter that ended in Mar. 2026 was C$10.45. Hence, Kinross Gold's PB Ratio of today is 3.21.
The historical rank and industry rank for Kinross Gold's PB Ratio or its related term are showing as below:
TSX:K'
s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.17 Max: 5.16
Current: 3.21
During the past 13 years, Kinross Gold's highest PB Ratio was 5.16. The lowest was 0.65. And the median was 1.17.
TSX:K's PB Ratio is ranked worse than 63.92% of 2356
companies
in the Metals & Mining industry
Industry Median: 2.265
vs TSX:K: 3.21
During the past 12 months, Kinross Gold's average Book Value Per Share Growth Rate was 24.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Kinross Gold was 38.30% per year. The lowest was -30.60% per year. And the median was 1.05% 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.
Kinross Gold PB Ratio Related Terms
Kinross Gold PB Ratio Historical Data
* Premium members only.
The historical data trend for Kinross Gold'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, Kinross Gold'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.
Kinross Gold PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kinross Gold'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.
Kinross Gold's PB Ratio for today is calculated as follows:
* 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.
Kinross Gold (TSX:K) has a PB Ratio of 3.21 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kinross Gold and its competitors. This is 174% above median its historical median of 1.17. Over the past decade, Kinross Gold's PB Ratio has ranged from 0.65 to 5.16. According to the industry distribution chart, Kinross Gold ranks #1506 out of 2356 companies in the Metals & Mining industry, placing it in the top 63.9%.
Is Kinross Gold's PB Ratio too high?
Kinross Gold's current PB Ratio of 3.21 is 174% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 5.16. The Metals & Mining industry median PB Ratio is 2.27. Kinross Gold's value of 3.21 is 41.7% above this industry median. Based on the distribution chart, Kinross Gold ranks #1506 out of 2356 companies in the Metals & Mining industry, which is below 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 PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #1506 out of 2356 companies for PB Ratio. This places Kinross Gold in the lower half of its industry. The industry median PB Ratio is 2.27. Kinross Gold's value of 3.21 is 41.7% above this benchmark. Historically, Kinross Gold's own PB Ratio has ranged from 0.65 to 5.16 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 2.27, Kinross Gold 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 2,356 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. Kinross Gold's current PB Ratio of 3.21 is 41.7% 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 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 Kinross Gold 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. Kinross Gold's current PB Ratio is 3.21, which is 174% above median its own 10-year median of 1.17. 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 (TSX:K) is currently considered Significantly Overvalued. The stock's GF Value™ is C$25.72, compared to a current price of C$33.58 — trading 30.6% above its estimated fair value. The current PB Ratio is 3.21, which is 174% above median its 10-year median of 1.17 and 41.7% above the Metals & Mining industry median of 2.27. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Kinross Gold (TSX:K), the current PB Ratio is 3.21 as of Jun. 30, 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 (TSX:K) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of C$33.58 is trading 30.6% above its estimated GF Value™ of C$25.72.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for TSX:K:
PB Ratio: 3.21 (174% above median its 10-year median of 1.17)
GF Value™: C$25.72 vs. price of C$33.58 (30.6% above fair value)
Industry Position: 41.7% above the Metals & Mining median (#1506 of 2356)
No single metric tells the full story. See the TSX:K 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.
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