B2Gold (TSX:BTO) Total Payout Ratio: 0.32 (As of Jul. 29, 2026)

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TSX:BTO B2Gold Corp TSX:BTO
88 GF Score
Price C$5.43
GF Value C$7.35
Valuation Modestly Undervalued
! 6 Warning Signs
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What is B2Gold Total Payout Ratio?

B2Gold TSX:BTO -0.37% 88 Total Payout Ratio is 0.32 as of Jul. 29, 2026. GuruFocus rates TSX:BTO with a GF Score™ of 88/100 and a GF Value™ of C$7.35 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income.

B2Gold's current Total Payout Ratio is 0.32.


B2Gold Total Payout Ratio Related Terms


B2Gold Total Payout Ratio Historical Data

* Premium members only.

The historical data trend for B2Gold's Total Payout 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.

B2Gold Total Payout Ratio Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.60 4.49 -0.28 0.23

B2Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Payout Ratio 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 0.41 0.16 1.12 0.14 0.52

TSX:BTO vs NEM, AU: Total Payout Ratio Comparison

For the Gold subindustry, B2Gold's Total Payout Ratio, along with its competitors' market caps and Total Payout 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.


B2Gold Total Payout Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Total Payout Ratio distribution charts can be found below:

* The bar in red indicates where B2Gold's Total Payout Ratio falls into.


TSX:BTO
88GF Score
B2Gold Corp TSX:BTO
Total Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold Total Payout Ratio Calculation

Total Payout Ratio is a measurement showing the proportion of earnings a company pays shareholders in the form of dividends and net stock repurchases.

B2Gold's Total Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Total Payout Ratio=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) / Net Income
=- (-13.587 + 19.203 + -142.701) / 588.631
=0.23

B2Gold's Total Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Total Payout Ratio=- (Repurchase of Stock + Issuance of Stock + Cash Flow for Dividends) / Net Income
=- (-109.158 + 0 + -36.095) / 282.015
=0.52

* 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.

Frequently Asked Questions Learn more about Total Payout Ratio →
What does a Total Payout Ratio of 0.32 mean?
B2Gold (TSX:BTO) has a Total Payout Ratio of 0.32 as of Jul. 29, 2026. Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income. View historical data on B2Gold and its competitors.
Is B2Gold's Total Payout Ratio too high?
B2Gold's current Total Payout Ratio is 0.32. Overall, B2Gold has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Total Payout Ratio compare to NEM and AU?
B2Gold's Total Payout Ratio of 0.32 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 Total Payout Ratio for a Metals & Mining company?
A good Total Payout Ratio depends on the Metals & Mining industry context. However, Total Payout Ratio 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 Total Payout Ratio mean?
A high Total Payout Ratio can signal that a stock is expensive relative to its fundamentals. Total Payout Ratio is the percent a company has paid to its shareholders through net repurchase of shares and dividends based on its Net Income. View historical data on B2Gold and its competitors. B2Gold's current Total Payout Ratio is 0.32. 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 (TSX:BTO) is currently considered Modestly Undervalued. The stock's GF Value™ is C$7.35, compared to a current price of C$5.43 — trading 26.1% below its estimated fair value. The current Total Payout Ratio is 0.32. B2Gold's overall GF Score™ is 88/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Payout Ratio calculated?
Total Payout Ratio is calculated from a company's financial statements. For B2Gold (TSX:BTO), the current Total Payout Ratio is 0.32 as of Jul. 29, 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 (TSX:BTO) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of C$5.43 is trading 26.1% below its estimated GF Value™ of C$7.35. GuruFocus considers B2Gold to be Modestly Undervalued.

Key valuation signals for TSX:BTO:

  • Total Payout Ratio: 0.32
  • GF Value™: C$7.35 vs. price of C$5.43 (26.1% below fair value)
  • GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the TSX:BTO 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.
88GF Score

Get the complete analysis for TSX:BTO

Total Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$5.43
Price
C$7.35
GF Value