B2Gold (NAM:B2G) ROE % Adjusted to Book Value: 18.00% (As of Mar. 2026)


NAM:B2G B2Gold Corp NAM:B2G
89 GF Score
Price R56.42
GF Value R75.86
! 6 Warning Signs
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What is B2Gold ROE % Adjusted to Book Value?

B2Gold NAM:B2G 89 ROE % Adjusted to Book Value is 18.00% as of Mar. 2026. GuruFocus rates NAM:B2G with a GF Score™ of 89/100 and a GF Value™ of R75.86. The stock has 6 warning signs investors should review.

B2Gold's ROE % for the quarter that ended in Mar. 2026 was 21.96%. B2Gold's PB Ratio for the quarter that ended in Mar. 2026 was 1.22. B2Gold's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 18.00%.

B2Gold ROE % Adjusted to Book Value Related Terms

B2Gold ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for B2Gold's ROE % Adjusted to Book Value 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.

B2Gold ROE % Adjusted to Book Value Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.36 7.12 0.29 -16.20 9.42

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 14.76 1.78 15.52 18.00

NAM:B2G vs NEM, AU: ROE % Adjusted to Book Value Comparison

For the Gold subindustry, B2Gold's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where B2Gold's ROE % Adjusted to Book Value falls into.


NAM:B2G
89GF Score
B2Gold Corp NAM:B2G
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold ROE % Adjusted to Book Value Calculation

B2Gold's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.78% / 1.25
=9.42%

B2Gold's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=21.96% / 1.22
=18.00%

* 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.

What does a ROE % Adjusted to Book Value of 18.00% mean?
B2Gold (NAM:B2G) has a ROE % Adjusted to Book Value of 18.00% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on B2Gold and its competitors.
Is B2Gold's ROE % Adjusted to Book Value too high?
B2Gold's current ROE % Adjusted to Book Value is 18.00%. Overall, B2Gold has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does B2Gold's ROE % Adjusted to Book Value compare to NEM and AU?
B2Gold's ROE % Adjusted to Book Value of 18.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on B2Gold and its competitors. B2Gold's current ROE % Adjusted to Book Value is 18.00%. 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?
B2Gold (NAM:B2G) has a current ROE % Adjusted to Book Value of 18.00%. The stock's GF Value™ is R75.86, compared to a current price of R56.42 — trading 25.6% below its estimated fair value. The current ROE % Adjusted to Book Value is 18.00%. B2Gold's overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For B2Gold (NAM:B2G), the current ROE % Adjusted to Book Value is 18.00% as of Mar. 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 (NAM:B2G) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of R56.42 is trading 25.6% below its estimated GF Value™ of R75.86.

Key valuation signals for NAM:B2G:

  • ROE % Adjusted to Book Value: 18.00%
  • GF Value™: R75.86 vs. price of R56.42 (25.6% below fair value)
  • GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the NAM:B2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B2Gold Business Description

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
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.
89GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R56.42
Price
R75.86
GF Value