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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rio Tinto Ltd | Australia | Metals & Mining | AUD 143 | $169B | 3.0x | 7.1x |
| BHP Group | Australia | Metals & Mining | AUD 46 | $166B | 3.2x | 6.1x |
| Rio Tinto plc | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £57 | $137B | 2.5x | 5.9x |
| Zijin Mining | China | Metals & Mining | CNY 32 | $132B | 2.5x | 10.9x |
| Southern Copper | United States of America | Metals & Mining | $142 | $120B | 9.4x | 16.0x |
| Newmont | United States of America | Metals & Mining | $98 | $107B | 4.9x | 8.3x |
| Glencore | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £4 | $98.7B | 0.4x | 7.5x |
| Agnico Eagle Mines | Canada | Metals & Mining | CAD 235 | $83.2B | 7.1x | 10.5x |
| Howmet Aerospace | United States of America | Defense Systems, Industrial Parts, Metals & Mining | $198 | $82.6B | 10.1x | 35.0x |
| Grupo México | Mexico | Metals & Mining | MXN 172 | $74.2B | 4.2x | 7.8x |
| Freeport-McMoRan | United States of America | Metals & Mining | $47 | $73.0B | 2.9x | 7.9x |
| Barrick Mining | Canada | Metals & Mining | CAD 59 | $72.2B | 4.5x | 7.0x |
| Vale | Brazil | Metals & Mining | BRL 72 | $71.7B | 1.9x | 4.7x |
| Maaden | Saudi Arabia | Metals & Mining | SAR 59 | $67.9B | 6.8x | 16.5x |
| Zijin Gold | Hong Kong | Metals & Mining | HKD 147 | $52.0B | N/A | N/A |
| Wheaton Precious Metals | Canada | Metals & Mining | CAD 162 | $51.8B | 25.2x | 31.0x |
| Nippon Steel | Japan | Metals & Mining | JPY 632 | $50.7B | 0.8x | 8.2x |
| CMOC Group | Hong Kong | Metals & Mining | HKD 19 | $50.7B | 1.6x | 8.7x |
| CMOC Group | China | Metals & Mining | CNY 17 | $50.7B | 1.6x | 8.7x |
| Anglo American | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £29 | $50.0B | 2.6x | 7.8x |
| Fortescue | Australia | Metals & Mining | AUD 23 | $48.0B | 3.0x | 6.0x |
| China Hongqiao Group | Hong Kong | Metals & Mining | HKD 33 | $45.6B | 2.0x | 7.0x |
| ArcelorMittal | Netherlands | Metals & Mining | €38 | $43.1B | 0.7x | 6.7x |
| JSW Steel | India | Metals & Mining | INR 1125 | $42.1B | 2.1x | 12.8x |
| Nucor | United States of America | Metals & Mining | $165 | $41.9B | 1.3x | 9.6x |
| Anglogold Ashanti | United States of America | Metals & Mining | $83 | $41.6B | 4.3x | 7.6x |
| Franco-Nevada | Canada | Metals & Mining | CAD 295 | $40.9B | 24.0x | 26.7x |
| Antofagasta | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £30 | $40.6B | 5.1x | 8.6x |
| Gold Fields | South Africa | Metals & Mining | ZAR 732 | $40.1B | 4.8x | 7.3x |
| Amman Mineral Internasion | Indonesia | Metals & Mining | IDR 6725 | $34.8B | 22.7x | 49.0x |
| Bayan Resources | Indonesia | Metals & Mining | IDR 17250 | $33.9B | N/A | N/A |
| Kinross Gold | Canada | Metals & Mining | CAD 39 | $33.8B | 4.8x | 7.9x |
| Tata Steel | India | Metals & Mining | INR 172 | $33.3B | 1.3x | 9.4x |
| Vedanta | India | Metals & Mining | INR 544 | $29.9B | 1.7x | 5.6x |
| Aluminum Corp of China | China | Metals & Mining | CNY 11 | $29.6B | 0.9x | 5.2x |
| Yankuang Group | China | Metals & Mining | CNY 12 | $29.6B | 1.7x | 5.7x |
| Shandong Gold Mining | China | Metals & Mining | CNY 35 | $29.2B | 1.9x | 9.6x |
| Steel Dynamics | United States of America | Metals & Mining | $172 | $28.1B | 1.5x | 12.5x |
| Shaanxi Coal Industry | China | Metals & Mining | CNY 22 | $27.8B | 1.2x | 3.8x |
| Fresnillo | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £29 | $27.1B | 6.4x | 11.2x |
| Hindustan Zinc | India | Metals & Mining | INR 561 | $26.8B | 6.7x | 12.8x |
| Hindalco | India | Metals & Mining | INR 852 | $26.4B | 0.9x | 7.1x |
| Northern Star Resources | Australia | Metals & Mining | AUD 27 | $26.0B | 5.3x | 9.7x |
| Teck Resources | Canada | Metals & Mining | CAD 62 | $25.4B | 3.3x | 9.0x |
| POSCO Holdings | South Korea | Metals & Mining | KRW 319500 | $25.1B | 0.5x | 5.7x |
| First Quantum Minerals | Canada | Metals & Mining | CAD 34 | $25.1B | 5.0x | 15.1x |
| Baosteel | China | Metals & Mining | CNY 7 | $24.7B | 0.6x | 5.4x |
| China Northern Rare Earth | China | Metals & Mining | CNY 47 | $24.0B | 4.2x | 35.2x |
| Coal India | India | Metals & Mining | INR 383 | $23.4B | 1.5x | 4.8x |
| China Coal | Hong Kong | Metals & Mining | HKD 13 | $21.7B | 0.9x | 4.0x |
| Korea Zinc | South Korea | Metals & Mining | KRW 1518000 | $21.2B | 1.9x | 21.5x |
| Pan American Silver | United States of America | Metals & Mining | $50 | $20.9B | 6.0x | 12.5x |
| Lundin Gold | Canada | Metals & Mining | CAD 112 | $19.5B | 11.1x | 15.7x |
| Royal Gold | United States of America | Metals & Mining | $219 | $19.1B | 18.6x | 22.7x |
| Industrias Penoles | United States of America | Metals & Mining | $44 | $18.1B | 0.1x | 0.3x |
| Evolution Mining | Australia | Metals & Mining | AUD 13 | $17.9B | 5.5x | 10.4x |
| Lundin Mining | Canada | Metals & Mining | CAD 27 | $17.1B | 4.3x | 9.4x |
| Reliance | United States of America | Metals & Mining | $292 | $16.7B | 1.2x | 12.4x |
| Carpenter Technology | United States of America | Metals & Mining, Industrial Parts | $322 | $16.5B | 5.5x | 22.2x |
| Boliden | Sweden | Metals & Mining | SEK 482 | $16.4B | 1.7x | 7.9x |
| ATI | United States of America | Metals & Mining, Industrial Parts | $109 | $16.3B | 3.6x | 19.3x |
| China Steel | Taiwan | Metals & Mining | TWD 19 | $16.1B | 1.5x | 16.3x |
| Norsk Hydro | Norway | Water, Metals & Mining | NOK 76 | $16.0B | 0.8x | 5.5x |
| Alamos Gold | United States of America | Metals & Mining | $38 | $15.9B | 8.6x | 13.8x |
| Cerro Verde | Peru | Metals & Mining | $47 | $15.8B | 3.7x | 7.0x |
| KGHM | Poland | Metals & Mining | PLN 245 | $14.9B | 1.5x | 5.8x |
| Ivanhoe Mines | Canada | Metals & Mining | CAD 14 | $14.5B | 32.7x | 25.3x |
| Jindal Steel | India | Metals & Mining | INR 1030 | $13.2B | 2.2x | 10.8x |
| Alcoa | United States of America | Metals & Mining | $46 | $13.0B | 1.0x | 6.9x |
| Hecla Mining | United States of America | Metals & Mining | $19 | $12.7B | 9.8x | 21.5x |
| Equinox Gold | United States of America | Metals & Mining | $15 | $12.7B | 4.8x | 11.1x |
| Harmony Gold Mining Co | United States of America | Metals & Mining | $21 | $12.5B | 2.5x | 5.8x |
| Endeavour Mining | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £35 | $11.9B | 1.6x | 2.8x |
| Mueller Industries | United States of America | Metals & Mining, Industrial Parts | $114 | $11.4B | 2.7x | N/A |
| Coeur Mining | United States of America | Metals & Mining | $17 | $11.3B | 5.7x | 11.4x |
| South Bow | Canada | Metals & Mining | CAD 38 | $10.9B | 5.6x | 10.7x |
| Metlen Energy & Metals | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | €43 | $10.9B | N/A | N/A |
| South32 | Australia | Metals & Mining | AUD 4 | $10.5B | 1.7x | 6.1x |
| Mineral Resources | Australia | Metals & Mining | AUD 52 | $10.4B | 3.1x | 12.1x |
| Iamgold | United States of America | Metals & Mining | $16 | $9.9B | 3.8x | 7.4x |
| MP Materials | United States of America | Metals & Mining | $60 | $9.7B | 35.6x | -2054.9x |
| Companhia Siderurgica | Brazil | Metals & Mining | BRL 10 | $9.0B | 1.1x | 4.3x |
| Gerdau | Brazil | Metals & Mining | BRL 19 | $8.7B | 0.7x | 4.6x |
| Lynas Rare Earths | Australia | Metals & Mining | AUD 13 | $8.6B | 16.5x | 46.6x |
| PLS Group | Australia | Metals & Mining | AUD 4 | $8.6B | 13.5x | 51.7x |
| Capstone Copper | Canada | Metals & Mining | CAD 13 | $8.5B | 3.7x | 8.8x |
| ESAB | United States of America | Metals & Mining, Industrial Parts | $116 | $8.3B | 3.1x | 15.4x |
| Commercial Metals | United States of America | Metals & Mining | $71 | $8.1B | 1.0x | 8.6x |
| First Majestic Silver | United States of America | Metals & Mining | $17 | $7.9B | 7.1x | 14.6x |
| Hudbay Minerals | United States of America | Metals & Mining | $19 | $7.9B | 3.6x | 7.0x |
| Chifeng Jilong Gold | Hong Kong | Metals & Mining | HKD 34 | $7.7B | 4.3x | 8.2x |
| Eldorado Gold | United States of America | Metals & Mining | $35 | $7.2B | 4.2x | 8.4x |
| Triple Flag Precious | United States of America | Metals & Mining | $35 | $7.1B | 18.9x | 23.0x |
| Ternium | United States of America | Metals & Mining | $38 | $7.0B | 0.4x | 4.0x |
| New Gold | United States of America | Metals & Mining | $8 | $6.9B | 4.8x | 8.0x |
| Artemis Gold | Canada | Metals & Mining | CAD 38 | $6.7B | 10.6x | 16.4x |
| OR Royalties | United States of America | Metals & Mining | $36 | $6.7B | 24.5x | 28.4x |
| Compania De Minas | United States of America | Metals & Mining | $26 | $6.5B | 4.3x | N/A |
| G Mining Ventures | Canada | Metals & Mining | CAD 39 | $6.4B | 11.6x | 15.9x |
| B2Gold | United States of America | Metals & Mining | $5 | $6.4B | 2.1x | 3.6x |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 13, 2025. Financial data powered by Morningstar and FactSet.
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