Public Comps and Valuation Multiples for Metals & Mining

Benchmark revenue and EBITDA valuation multiples for public comps like
Rio Tinto, BHP Group, Southern Copper, Rio Tinto UK and Newmont.

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Metals & Mining

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$317B$338B$62B5.5x12.3x
$227B$244B$59B4.2x7.5x
$168B$169B$16B10.7x16.9x
$167B$187B$62B3.0x6.8x
$135B$132B$26B5.1x8.0x
$130B$149B$63B2.4x8.0x
$104B$123B$28B4.3x10.7x
$104B$106B$21B5.0x8.5x
$104B$101B$14B7.0x10.1x
$103B$107B$9.5B11.3x35.6x
$96B$133B$290B0.5x7.4x
$71B$72B$3.3B22.3x26.8x
$69B$77B$11B7.2x17.5x
$65B$83B$40B2.0x5.2x
$60B$76B$20B3.7x9.6x
$59B$65B$38B1.7x9.9x
$58B$69B$65B1.1x9.1x
$56B$59B$36B1.7x7.2x
$56B$53B$7.5B7.0x10.5x
$55B$56B$12B4.8x7.5x
$52B$60B$9.7B6.2x9.7x
$51B$50B$2.3B21.8x23.9x
$42B$43B$11B4.0x5.9x
$38B$39B$17B2.3x4.8x
$38B$42B$25B1.7x6.0x
$37B$25B
$37B$8.7B
$35B$22B
$34B$20B
$34B$9.8B
$32B$5.8B
$29B$25B
$29B$5B
$27B$18B
$27B$6.2B
$27B$4.9B
$27B$23B
$26B$23B
$26B-
$25B$26B
$24B$5.5B
$24B$17B
$24B$32B
$24B$5.6B
$24B$3.2B
$23B$38B
$23B$68B
$23B$8.7B
$22B$1.6B
$22B$4B
$22B$11B
$22B$4.5B
$22B$1.5B
$22B$4B
$21B$4.4B
$21B$7.4B
$21B$88B
$20B$17B
$20B$3B
$20B$23B
$19B$12B
$19B$47B
$19B$7.1B
$19B$53B
$19B$4.5B
$18B$16B
$18B$7.9B
$18B$3.5B
$17B$2.1B
$17B$5.9B
$16B$12B
$16B$2.2B
$15B$5B
$15B$3.3B
$15B$5.9B
$14B$4.8B
$14B$6B
$14B$1.4B
$14B$8.7B
$13B$14B
$13B$6.4B
$13B$6.3B
$12B$2.7B
$12B$686M
$12B$1.5B
$12B$10B
$11B$17B
$11B$2.4B
$11B$9B
$11B-
$11B$786M
$11B$696M
$11B$2.4B
$11B$11B
$11B$14B
$11B$1.5B
$10B$1.5B
$10B$38B
$10B$2.8B
$9.7B$373M
$9.7B$1.3B
$9.3B$9.6B
$9.2B$11B
$9.1B$14B
$9B$2.2B
$8.9B$4.7B
$8.8B$28B
$8.3B$2.8B
$8.2B-
$8B$8.8B
$7.9B-
$7.8B$9.3B
$7.7B$2B
$7.7B$3.4B
$7.6B$2.1B
$7.6B$1.7B
$7.4B$3.6B
$7.4B$1.3B
$7.2B$160M
$7.2B-
$7.1B$21B
$7.1B$949M
$7B$3B
$7B$472M
$7B$353M
$7B$1.4B
$6.8B$2.5B
$6.5B$3.2B
$6.5B$1.6B
$6.4B$4.8B
$5.7B$1.6B
$5.6B$63M
$5.4B$785M
$5.3B$537M
$5.3B$7.1B
$5.3B$8.4B
$5.2B$813M
$5.2B$5.4B
$5.1B$16B
$5.1B-
$5B$1.4B
$4.9B$4.4B
$4.9B$4B
$4.8B-
$4.7B$1.8B
$4.7B$2.9B
$4.7B$1.5B
$4.6B$3.1B
$4.6B$1.7B
$4.5B$289M
$4.5B$1.7B
$4.4B$1.8B
$4.4B$13B
$4.2B$369M
$4.2B$140K
$4.1B$1.3B
$4.1B$2B
$4.1B$4.7B
$4B$7.5B
$4B-
$3.8B$112M
$3.7B$1.2B
$3.7B$9.7B
$3.7B$1.2B
$3.6B$11B
$3.6B$1.1B
$3.6B$824M
$3.6B-
$3.5B$4.1B
$3.5B$5.8B
$3.4B-
$3.4B$452M
$3.4B$708M
$3.4B$1.1B
$3.3B$578M
$3.3B-
$3.3B$1.7B
$3.3B$725M
$3.3B$1.6B
$3.2B$4.4B
$3.2B$460M
$3.2B$20B
$3.2B$1.8B
$3.1B-
$3.1B$7B
$3.1B$2B
$3.1B$11M
$3B$1B
$2.8B$523M
$2.8B$285M
$2.8B$458M
$2.7B$4.2B
$2.6B$1.8B
$2.6B-
$2.6B$712M
$2.5B-
$2.3B-
$2.3B$1.1B
$2.2B-
$2.2B$584M
$2.2B$1.1B
$2.2B$642M
$2.1B-
$2.1B$676M
$2.1B-
$2.1B-
$2B$1.2B
$2B-
$2B$3.4B
$2B-
$2B-
$1.9B-
$1.9B-
$1.9B$9M
$1.9B$684M
$1.9B$485K
$1.8B-
$1.8B$4.6B
$1.8B$3.4B
$1.8B$459M
$1.8B$204M
$1.8B$4.9B
$1.8B$982M
$1.8B-
$1.7B-
$1.7B$8.7B
$1.6B-
$1.6B$3M
$1.6B-
$1.6B$167M
$1.5B-
$1.5B$326M
$1.5B$3.6B
$1.5B-
$1.4B$1.7B
$1.4B-
$1.4B-
$1.4B$1.3B
$1.4B$904M
$1.4B$205M
$1.4B$74M
$1.4B-
$1.4B$195M
$1.3B$24B
$1.3B-
$1.3B-
$1.3B-
$1.3B$1.8B
$1.3B$474M
$1.3B-
$1.3B$325M
$1.2B-
$1.2B$233M
$1.2B$1.7B
$1.2B$167M
$1.2B-
$1.2B$11M
$1.2B$260M
$1.2B$2.7B
$1.1B$1.8B
$1.1B-
$1.1B-
$1.1B$242M
$1.1B-
$1.1B-
$1.1B$1.3B
$1.1B$429M
$1B-
$1B-
$1B$2B
$971M$362M
$949M-
$921M$437M
$891M-
$872M$1.5B
$826M$1.3B
$825M$724M
$810M$364M
$808M$33K
$791M$48M
$783M$86M
$778M$57M
$770M$8M
$747M$130K
$701M$3M
$695M$931K
$687M$205M
$674M-
$662M-
$661M$120M
$661M-
$652M$794K
$645M$214M
$643M$260M
$639M-
$633M$151K
$626M$72K
$622M-
$606M$157K
$602M-
$601M-
$587M$299M
$583M-
$576M-
$569M$360M
$563M$1M
$550M$544M
$549M$513M
$509M$302M
$499M$754M
$498M$1.1B
$498M$50M
$492M$46M
$482M-
$470M$192M
$465M$407M
$465M-
$464M$38M
$456M$206M
$450M-
$447M-
$437M-
$432M$72M
$426M-
$426M$2M
$410M$273M
$408M-
$405M$811M
$403M$1.9B
$403M-
$403M-
$403M$28M
$392M-
$390M$43M
$385M$445K
$382M$1M
$382M-
$374M$15M
$374M$20M
$373M$74K
$372M$295K
$368M$7M
$355M$691M
$353M-
$346M$7M
$343M-
$342M-
$336M-
$335M-
$329M-
$320M-
$320M$226M
$319M-
$315M-
$315M-
$314M$210M
$313M-
$312M$171M
$311M-
$311M$12M
$310M-
$307M-
$306M-
$304M-
$301M$2.2B
$301M$214M
$301M$97M
$301M-
$298M$374M
$296M-
$289M$289M
$288M-
$286M$48K
$281M-
$279M$135M
$267M-
$267M$12M
$264M-
$263M-
$263M-
$263M$1M
$263M$4M
$252M-
$252M-
$252M$378K
$251M-
$247M-
$243M$706K
$240M$650K
$240M$320K
$239M-
$237M-
$234M-
$234M-
$233M-
$230M-
$227M$870M
$227M-
$226M-
$223M-
$222M$43M
$220M$15M
$220M$2M
$217M$103M
$214M-
$213M-
$210M-
$210M-
$208M-
$207M$314K
$206M$294M
$205M-
$204M-
$203M-
$203M-
$200M$163M
$195M-
$193M-
$192M-
$187M-
$185M-
$185M$71M
$184M-
$184M$62M
$183M-
$178M-
$177M-
$173M$43M
$173M$9M
$169M-
$167M-
$167M-
$167M-
$166M$89M
$166M-
$165M$39K
$164M$16M
$162M-
$160M-
$159M-
$157M$573K
$155M$333K
$153M-
$153M-
$153M$57M
$151M-
$151M-
$150M-
$148M$2M
$148M-
$147M$436M
$146M-
$146M$65M
$145M-
$144M-
$143M-
$140M$336M
$139M-
$139M-
$138M$130M
$137M-
$137M-
$134M-
$133M-
$133M-
$133M-
$129M-
$129M-
$128M-
$128M-
$127M$513K
$124M-
$121M-
$121M$6M
$118M-
$116M-
$115M$516M
$115M-
$114M$280M
$113M-
$111M$214M
$110M$3M
$110M$352K
$110M$1M
$110M$8K
$108M-
$108M-
$107M-
$107M$4M
$106M-
$104M$124M
$103M$66K
$103M-
$101M-
$101M-
$101M-
$100M$100K
$99M-
$99M-
$98M-
$98M-
$98M-
$97M-
$96M-
$94M$40M
$94M-
$94M$7M
$93M$948K
$92M$140M
$91M$216K
$90M-
$90M-
$89M-
$89M-
$89M($470K)
$89M-
$88M-
$88M$150M
$87M-
$85M-
$85M-
$83M-
$83M-
$81M-
$81M-
$80M-
$79M-
$78M-
$78M$64M
$78M-
$77M-
$77M-
$75M$124M
$74M$23M
$74M$134M
$72M-
$71M-
$69M$137M
$69M$1M
$68M-
$68M-
$68M-
$67M-
$66M-
$64M-
$63M-
$62M-
$62M-
$62M-
$62M-
$62M$289K
$62M-
$60M-
$60M-
$58M-
$58M$1M
$58M$26M
$58M-
$57M-
$57M-
$57M-
$57M-
$56M-
$56M-
$56M$217M
$56M$70K
$56M-
$56M-
$56M-
$55M-
$55M-
$55M-
$55M-
$54M-
$53M-
$53M-
$51M-
$50M-
$50M-
$49M$10M
$48M-
$48M$1M
$48M-
$47M$2M
$46M-
$46M-
$46M-
$45M$121K
$44M-
$43M$53M
$43M$198K
$43M-
$43M-
$42M-
$42M-
$41M-
$41M-
$40M-
$40M-
$39M-
$39M-
$39M-
$38M-
$38M-
$38M-
$38M-
$38M-
$37M-
$37M-
$36M-
$36M-
$36M-
$35M-
$35M-
$35M$478M
$33M-
$33M-
$33M-
$33M$183K
$33M-
$32M-
$32M-
$31M$32M
$31M-
$31M-
$31M-
$31M-
$30M-
$30M-
$30M-
$29M-
$29M$868K
$29M-
$29M$349M
$29M-
$28M$250M
$28M-
$28M-
$28M-
$28M-
$28M-
$27M-
$27M-
$26M-
$26M-
$23M-
$22M-
$22M-
$21M-
$21M-
$20M-
$20M-
$19M-
$19M-
$18M-
$17M-
$17M-
$17M$186M
$16M-
$16M-
$16M-
$16M-
$15M-
$15M-
$15M-
$13M-
$13M-
$13M-
$13M-
$13M-
$13M-
$12M-
$12M-
$12M-
$11M-
$11M-
$11M-
$10M-
$10M-
$10M-
$9M-
$9M-
$8M-
$8M-
$8M-
$8M-
$8M-
$8M-
$8M-
$7M$23M
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$6M-
$5M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$728K-
$699K-
$659K-
$289K-
$160K-
$80K-
$9K-
$1K-
$0K-
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