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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rio Tinto Ltd | Australia | Metals & Mining | AUD 140 | $166B | 3.0x | 6.9x |
| BHP Group | Australia | Metals & Mining | AUD 44 | $162B | 3.1x | 5.9x |
| Rio Tinto plc | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £56 | $137B | 2.5x | 5.8x |
| Zijin Mining | China | Metals & Mining | CNY 30 | $127B | 2.4x | 10.5x |
| Southern Copper | United States of America | Metals & Mining | $144 | $121B | 9.5x | 16.1x |
| 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 | 7.6x |
| Agnico Eagle Mines | Canada | Metals & Mining | CAD 232 | $82.4B | 7.0x | 10.3x |
| Howmet Aerospace | United States of America | Defense Systems, Industrial Parts, Metals & Mining | $197 | $82.1B | 10.1x | 34.7x |
| Grupo México | Mexico | Metals & Mining | MXN 170 | $74.0B | 4.2x | 7.7x |
| Freeport-McMoRan | United States of America | Metals & Mining | $48 | $73.2B | 2.9x | 7.9x |
| Barrick Mining | Canada | Metals & Mining | CAD 60 | $72.7B | 4.5x | 7.0x |
| Vale | Brazil | Metals & Mining | BRL 69 | $69.6B | 1.8x | 4.6x |
| Maaden | Saudi Arabia | Metals & Mining | SAR 57 | $65.4B | 6.5x | 15.8x |
| Zijin Gold | Hong Kong | Metals & Mining | HKD 149 | $52.7B | N/A | N/A |
| Wheaton Precious Metals | Canada | Metals & Mining | CAD 159 | $51.4B | 24.9x | 30.5x |
| CMOC Group | Hong Kong | Metals & Mining | HKD 19 | $50.5B | 1.6x | 8.5x |
| CMOC Group | China | Metals & Mining | CNY 17 | $50.5B | 1.6x | 8.5x |
| Anglo American | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £29 | $49.6B | 2.6x | 7.7x |
| Nippon Steel | Japan | Metals & Mining | JPY 595 | $49.3B | 0.8x | 8.0x |
| Fortescue | Australia | Metals & Mining | AUD 22 | $46.4B | 2.9x | 5.8x |
| ArcelorMittal | Netherlands | Metals & Mining | €39 | $44.2B | 0.7x | 6.8x |
| China Hongqiao Group | Hong Kong | Metals & Mining | HKD 31 | $43.5B | 1.9x | 6.6x |
| Anglogold Ashanti | United States of America | Metals & Mining | $84 | $42.3B | 4.4x | 7.7x |
| Antofagasta | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £30 | $41.8B | 5.2x | 8.8x |
| Nucor | United States of America | Metals & Mining | $162 | $41.2B | 1.3x | 9.4x |
| Gold Fields | South Africa | Metals & Mining | ZAR 740 | $40.7B | 4.9x | 7.4x |
| JSW Steel | India | Metals & Mining | INR 1083 | $40.7B | 2.0x | 12.4x |
| Franco-Nevada | Canada | Metals & Mining | CAD 292 | $40.7B | 23.8x | 26.4x |
| Amman Mineral Internasion | Indonesia | Metals & Mining | IDR 6650 | $34.5B | 22.7x | 49.6x |
| Kinross Gold | Canada | Metals & Mining | CAD 39 | $33.5B | 4.7x | 7.8x |
| Bayan Resources | Indonesia | Metals & Mining | IDR 16825 | $33.1B | N/A | N/A |
| Tata Steel | India | Metals & Mining | INR 170 | $32.8B | 1.3x | 9.3x |
| Vedanta | India | Metals & Mining | INR 569 | $30.8B | 1.7x | 5.8x |
| Yankuang Group | China | Metals & Mining | CNY 11 | $29.4B | 1.7x | 5.7x |
| Shandong Gold Mining | China | Metals & Mining | CNY 34 | $28.7B | 1.9x | 9.4x |
| Aluminum Corp of China | China | Metals & Mining | CNY 10 | $28.5B | 0.8x | 5.0x |
| Steel Dynamics | United States of America | Metals & Mining | $169 | $27.7B | 1.5x | 12.3x |
| Shaanxi Coal Industry | China | Metals & Mining | CNY 22 | $27.5B | 1.2x | 3.8x |
| Fresnillo | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £29 | $27.2B | 6.4x | 11.2x |
| Hindustan Zinc | India | Metals & Mining | INR 568 | $26.9B | 6.7x | 12.9x |
| Hindalco | India | Metals & Mining | INR 837 | $25.8B | 0.9x | 7.0x |
| First Quantum Minerals | Canada | Metals & Mining | CAD 34 | $25.3B | 5.0x | 15.1x |
| Northern Star Resources | Australia | Metals & Mining | AUD 26 | $24.9B | 5.0x | 9.1x |
| POSCO Holdings | South Korea | Metals & Mining | KRW 308000 | $24.6B | 0.5x | 5.5x |
| Teck Resources | Canada | Metals & Mining | CAD 59 | $24.5B | 3.2x | 8.7x |
| Baosteel | China | Metals & Mining | CNY 7 | $24.3B | 0.5x | 5.3x |
| Coal India | India | Metals & Mining | INR 382 | $23.1B | 1.5x | 4.8x |
| China Northern Rare Earth | China | Metals & Mining | CNY 44 | $22.9B | 4.0x | 33.4x |
| China Coal | Hong Kong | Metals & Mining | HKD 13 | $21.7B | 0.9x | 4.0x |
| Pan American Silver | United States of America | Metals & Mining | $49 | $20.8B | 5.9x | 12.3x |
| Lundin Gold | Canada | Metals & Mining | CAD 111 | $19.4B | 11.0x | 15.6x |
| Korea Zinc | South Korea | Metals & Mining | KRW 1370000 | $19.4B | 1.8x | 19.6x |
| Royal Gold | United States of America | Metals & Mining | $218 | $19.0B | 18.5x | 22.6x |
| Industrias Penoles | United States of America | Metals & Mining | $44 | $18.0B | 0.1x | 0.3x |
| Lundin Mining | Canada | Metals & Mining | CAD 28 | $17.6B | 4.4x | 9.6x |
| Evolution Mining | Australia | Metals & Mining | AUD 12 | $17.0B | 5.2x | 9.7x |
| Reliance | United States of America | Metals & Mining | $294 | $16.8B | 1.2x | 12.5x |
| Boliden | Sweden | Metals & Mining | SEK 487 | $16.8B | 1.7x | 7.9x |
| Carpenter Technology | United States of America | Metals & Mining, Industrial Parts | $321 | $16.5B | 5.5x | 22.2x |
| 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 | 17.4x |
| Norsk Hydro | Norway | Water, Metals & Mining | NOK 76 | $16.0B | 0.8x | 5.5x |
| Cerro Verde | Peru | Metals & Mining | $47 | $16.0B | 3.7x | 7.0x |
| KGHM | Poland | Metals & Mining | PLN 254 | $15.6B | 1.5x | 5.9x |
| Alamos Gold | United States of America | Metals & Mining | $37 | $15.5B | 8.4x | 13.3x |
| Ivanhoe Mines | Canada | Metals & Mining | CAD 14 | $14.3B | 31.7x | 24.7x |
| Alcoa | United States of America | Metals & Mining | $47 | $13.2B | 1.0x | 6.9x |
| Jindal Steel | India | Metals & Mining | INR 1012 | $12.9B | 2.2x | 10.6x |
| Hecla Mining | United States of America | Metals & Mining | $19 | $12.9B | 9.8x | 21.5x |
| Equinox Gold | United States of America | Metals & Mining | $14 | $12.2B | 4.6x | 10.4x |
| Endeavour Mining | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | £36 | $12.1B | 1.6x | 2.9x |
| Harmony Gold Mining Co | United States of America | Metals & Mining | $20 | $11.9B | 2.4x | 5.5x |
| Mueller Industries | United States of America | Metals & Mining, Industrial Parts | $114 | $11.3B | 2.7x | N/A |
| South Bow | Canada | Metals & Mining | CAD 39 | $11.1B | 5.7x | 10.9x |
| Coeur Mining | United States of America | Metals & Mining | $17 | $11.0B | 5.5x | 10.9x |
| Metlen Energy & Metals | United Kingdom of Great Britain and Northern Ireland | Metals & Mining | €41 | $10.7B | N/A | N/A |
| South32 | Australia | Metals & Mining | AUD 3 | $10.2B | 1.7x | 5.9x |
| Mineral Resources | Australia | Metals & Mining | AUD 51 | $10.2B | 3.1x | 11.8x |
| Iamgold | United States of America | Metals & Mining | $16 | $9.9B | 3.7x | 7.4x |
| Companhia Siderurgica | Brazil | Metals & Mining | BRL 10 | $9.0B | 1.1x | 4.3x |
| Gerdau | Brazil | Metals & Mining | BRL 19 | $8.9B | 0.7x | 4.7x |
| MP Materials | United States of America | Metals & Mining | $53 | $8.5B | 31.2x | -1898.6x |
| Capstone Copper | Canada | Metals & Mining | CAD 13 | $8.5B | 3.7x | 8.8x |
| Lynas Rare Earths | Australia | Metals & Mining | AUD 12 | $8.4B | 15.9x | 44.6x |
| ESAB | United States of America | Metals & Mining, Industrial Parts | $115 | $8.3B | 3.0x | 15.3x |
| Commercial Metals | United States of America | Metals & Mining | $71 | $8.2B | 1.0x | 8.7x |
| PLS Group | Australia | Metals & Mining | AUD 4 | $8.1B | 12.7x | 48.1x |
| Hudbay Minerals | United States of America | Metals & Mining | $19 | $7.8B | 3.6x | 7.0x |
| First Majestic Silver | United States of America | Metals & Mining | $16 | $7.7B | 6.9x | 13.9x |
| Chifeng Jilong Gold | Hong Kong | Metals & Mining | HKD 34 | $7.7B | 4.2x | 8.1x |
| Eldorado Gold | United States of America | Metals & Mining | $34 | $7.1B | 4.2x | 8.3x |
| Triple Flag Precious | United States of America | Metals & Mining | $34 | $7.0B | 18.3x | 22.3x |
| Ternium | United States of America | Metals & Mining | $38 | $6.9B | 0.4x | 4.0x |
| New Gold | United States of America | Metals & Mining | $8 | $6.8B | 4.7x | 7.8x |
| OR Royalties | United States of America | Metals & Mining | $36 | $6.7B | 24.4x | 28.2x |
| G Mining Ventures | Canada | Metals & Mining | CAD 40 | $6.6B | 11.7x | 16.1x |
| Artemis Gold | Canada | Metals & Mining | CAD 37 | $6.5B | 10.2x | 15.8x |
| Compania De Minas | United States of America | Metals & Mining | $26 | $6.5B | 4.3x | N/A |
| SSAB | Sweden | Metals & Mining | SEK 70 | $6.3B | 0.6x | 5.8x |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 17, 2025. Financial data powered by Morningstar and FactSet.
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