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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| BHP Group | Australia | Metals & Mining | AUD 44 | $157B | 3.1x | 6.0x |
| Rio Tinto Ltd | Australia | Metals & Mining | AUD 133 | $155B | 2.8x | 6.7x |
| Rio Tinto plc | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £55 | $135B | 2.4x | 5.8x |
| Zijin Mining | China | Metals & Mining | CNY 31 | $128B | 2.5x | 11.5x |
| Southern Copper | United States of America | Metals & Mining | $140 | $117B | 9.4x | 16.3x |
| Glencore | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £4 | $98.2B | 0.4x | 7.4x |
| Newmont | United States of America | Metals & Mining | $82 | $89.5B | 4.2x | 7.5x |
| Howmet Aerospace | United States of America | Defense Systems, Industrial Parts, Metals & Mining | $202 | $83.8B | 10.4x | 36.9x |
| Agnico Eagle Mines | Canada | Metals & Mining | CAD 228 | $79.5B | 7.3x | 10.9x |
| Maaden | Saudi Arabia | Metals & Mining | SAR 64 | $73.2B | 7.5x | 18.7x |
| Grupo México | Mexico | Metals & Mining | MXN 164 | $69.9B | 3.9x | 7.3x |
| Freeport-McMoRan | United States of America | Metals & Mining | $42 | $64.9B | 2.6x | 7.0x |
| Vale | Brazil | Metals & Mining | BRL 63 | $64.5B | 1.7x | 4.3x |
| Barrick Mining | Canada | Metals & Mining | CAD 46 | $56.2B | 3.6x | 5.8x |
| Anglo American | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £30 | $51.3B | 2.4x | 7.7x |
| CMOC Group | Hong Kong | Metals & Mining | HKD 19 | $50.2B | 1.7x | 9.2x |
| CMOC Group | China | Metals & Mining | CNY 17 | $50.0B | 1.7x | 9.2x |
| Zijin Gold | Hong Kong | Metals & Mining | HKD 133 | $47.2B | N/A | N/A |
| JSW Steel | India | Metals & Mining | INR 1210 | $45.3B | 2.2x | 13.9x |
| Fortescue | Australia | Metals & Mining | AUD 21 | $44.1B | 2.8x | 5.7x |
| Wheaton Precious Metals | Canada | Metals & Mining | CAD 137 | $43.4B | 22.8x | 28.1x |
| China Hongqiao Group | Hong Kong | Metals & Mining | HKD 30 | $40.6B | 1.8x | 6.5x |
| Antofagasta | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £29 | $39.5B | 5.0x | 8.6x |
| Nucor | United States of America | Metals & Mining | $150 | $38.5B | 1.2x | 8.9x |
| ArcelorMittal | Netherlands | Metals & Mining | €34 | $38.2B | 0.6x | 5.6x |
| Franco-Nevada | Canada | Metals & Mining | CAD 264 | $36.2B | 23.2x | 25.4x |
| Gold Fields | South Africa | Metals & Mining | ZAR 673 | $36.1B | 4.7x | 7.1x |
| Tata Steel | India | Metals & Mining | INR 184 | $35.6B | 1.4x | 10.0x |
| Amman Mineral Internasion | Indonesia | Metals & Mining | IDR 6950 | $35.4B | 17.9x | 34.9x |
| Bayan Resources | Indonesia | Metals & Mining | IDR 18000 | $35.4B | N/A | N/A |
| Anglogold Ashanti | United States of America | Metals & Mining | $69 | $35.1B | 3.9x | 6.8x |
| Nippon Steel | Japan | Metals & Mining | JPY 643 | $34.2B | 0.5x | 5.1x |
| Kinross Gold | Canada | Metals & Mining | CAD 33 | $29.1B | 4.5x | 7.5x |
| Shaanxi Coal Industry | China | Metals & Mining | CNY 23 | $29.0B | 1.3x | 4.3x |
| Shandong Gold Mining | China | Metals & Mining | CNY 35 | $29.0B | 2.0x | 10.1x |
| Vedanta | India | Metals & Mining | INR 507 | $28.6B | 1.6x | 5.5x |
| Yankuang Group | China | Metals & Mining | CNY 13 | $28.2B | 1.6x | 5.5x |
| Aluminum Corp of China | China | Metals & Mining | CNY 10 | $28.0B | 0.8x | 5.1x |
| China Northern Rare Earth | China | Metals & Mining | CNY 53 | $27.1B | 5.0x | 44.0x |
| Hindalco | India | Metals & Mining | INR 861 | $26.6B | 1.0x | 7.2x |
| Steel Dynamics | United States of America | Metals & Mining | $158 | $26.1B | 1.4x | 11.4x |
| Baosteel | China | Metals & Mining | CNY 7 | $25.6B | 0.6x | 5.8x |
| POSCO Holdings | South Korea | Metals & Mining | KRW 319500 | $25.5B | 0.5x | 5.5x |
| Teck Resources | Canada | Metals & Mining | CAD 60 | $24.5B | 3.2x | 8.6x |
| Coal India | India | Metals & Mining | INR 388 | $24.2B | 1.5x | 4.7x |
| Hindustan Zinc | India | Metals & Mining | INR 478 | $23.4B | 5.8x | 11.1x |
| China Coal | Hong Kong | Metals & Mining | HKD 14 | $23.4B | 1.0x | 4.4x |
| First Quantum Minerals | Canada | Metals & Mining | CAD 29 | $22.2B | 4.4x | 13.4x |
| Northern Star Resources | Australia | Metals & Mining | AUD 24 | $22.1B | 4.8x | 8.8x |
| Fresnillo | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £23 | $21.3B | 5.1x | 9.1x |
| Industrias Penoles | United States of America | Metals & Mining | $41 | $16.8B | 0.1x | 0.4x |
| Lundin Gold | Canada | Metals & Mining | CAD 96 | $16.6B | 10.3x | 14.6x |
| China Steel | Taiwan | Metals & Mining | TWD 19 | $16.5B | 1.5x | 14.6x |
| Carpenter Technology | United States of America | Metals & Mining, Industrial Parts | $319 | $16.4B | 5.5x | 22.7x |
| Korea Zinc | South Korea | Metals & Mining | KRW 1071000 | $16.1B | 1.6x | 16.1x |
| Reliance | United States of America | Metals & Mining | $280 | $16.1B | 1.1x | 11.8x |
| ATI | United States of America | Metals & Mining, Industrial Parts | $101 | $15.3B | 3.4x | 18.5x |
| Boliden | Sweden | Metals & Mining | SEK 437 | $15.0B | 1.6x | 7.5x |
| Royal Gold | United States of America | Metals & Mining | $178 | $15.0B | 15.6x | 19.0x |
| Cerro Verde | Peru | Metals & Mining | $44 | $14.8B | 3.6x | 7.1x |
| Pan American Silver | United States of America | Metals & Mining | $36 | $14.8B | 4.4x | 9.4x |
| Ivanhoe Mines | Canada | Metals & Mining | CAD 14 | $14.7B | 37.9x | 24.8x |
| Evolution Mining | Australia | Metals & Mining | AUD 10 | $14.5B | 4.8x | 9.0x |
| Norsk Hydro | Norway | Water, Metals & Mining | NOK 67 | $14.4B | 0.7x | 5.0x |
| Lundin Mining | Canada | Metals & Mining | CAD 23 | $14.2B | 3.7x | 8.4x |
| Jindal Steel | India | Metals & Mining | INR 1069 | $14.0B | 2.3x | 11.2x |
| Alamos Gold | United States of America | Metals & Mining | $31 | $12.9B | 7.2x | 11.6x |
| KGHM | Poland | Metals & Mining | PLN 194 | $12.1B | 1.2x | 5.2x |
| MP Materials | United States of America | Metals & Mining | $65 | $11.7B | 42.6x | -1312.6x |
| Coeur Mining | United States of America | Metals & Mining | $18 | $11.7B | 6.3x | 12.9x |
| Metlen Energy & Metals | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | €43 | $10.8B | N/A | N/A |
| South Bow | Canada | Metals & Mining | CAD 36 | $10.7B | 5.3x | 10.4x |
| Alcoa | United States of America | Metals & Mining | $37 | $10.6B | 0.8x | 5.7x |
| Endeavour Mining | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £31 | $10.4B | 1.5x | 2.6x |
| Mueller Industries | United States of America | Metals & Mining, Industrial Parts | $105 | $10.4B | 2.5x | N/A |
| Equinox Gold | United States of America | Metals & Mining | $11 | $10.0B | 4.1x | 9.5x |
| Harmony Gold Mining Co | United States of America | Metals & Mining | $17 | $9.9B | 2.1x | 4.8x |
| Lynas Rare Earths | Australia | Metals & Mining | AUD 15 | $9.7B | 19.9x | 60.1x |
| Mineral Resources | Australia | Metals & Mining | AUD 48 | $9.7B | 3.1x | 13.2x |
| South32 | Australia | Metals & Mining | AUD 3 | $9.3B | 1.6x | 5.4x |
| Hecla Mining | United States of America | Metals & Mining | $13 | $8.9B | 8.0x | 18.0x |
| Gerdau | Brazil | Metals & Mining | BRL 18 | $8.6B | 0.7x | 4.5x |
| ESAB | United States of America | Metals & Mining, Industrial Parts | $118 | $8.4B | 3.1x | 15.8x |
| Companhia Siderurgica | Brazil | Metals & Mining | BRL 9 | $8.3B | 1.0x | 4.1x |
| Iamgold | United States of America | Metals & Mining | $12 | $7.7B | 3.2x | 6.2x |
| Capstone Copper | Canada | Metals & Mining | CAD 12 | $7.5B | 3.5x | 8.9x |
| Chifeng Jilong Gold | Hong Kong | Metals & Mining | HKD 32 | $7.3B | 4.3x | 8.7x |
| Commercial Metals | United States of America | Metals & Mining | $60 | $7.0B | 0.9x | 7.8x |
| Hudbay Minerals | United States of America | Metals & Mining | $16 | $6.8B | 3.1x | 6.6x |
| Pilbara Minerals | Australia | Metals & Mining | AUD 3 | $6.7B | 12.1x | 63.4x |
| B2Gold | United States of America | Metals & Mining | $5 | $6.6B | 2.2x | 3.8x |
| First Majestic Silver | United States of America | Metals & Mining | $13 | $6.2B | 6.0x | 12.5x |
| OR Royalties | United States of America | Metals & Mining | $33 | $6.2B | 24.1x | 28.0x |
| Ternium | United States of America | Metals & Mining | $35 | $6.1B | 0.4x | 3.5x |
| New Gold | United States of America | Metals & Mining | $7 | $6.1B | 4.5x | 7.9x |
| Artemis Gold | Canada | Metals & Mining | CAD 34 | $6.1B | 11.3x | 17.2x |
| Compania De Minas | United States of America | Metals & Mining | $25 | $6.1B | 4.4x | N/A |
| Aurubis | Germany | Industrial Parts, Metals & Mining | €114 | $5.9B | 0.3x | 8.4x |
| Triple Flag Precious | United States of America | Metals & Mining | $28 | $5.8B | 16.7x | 20.3x |
| Erdemir Demir Ve Celik | Turkey | Metals & Mining | TRY 27 | $5.6B | 1.1x | 10.4x |
Valuation multiples as of last 12 months (LTM). Stock prices as of November 2, 2025. Financial data powered by Morningstar and FactSet.
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