Public Comps and Valuation Multiples for Metals & Mining

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

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Metals & Mining

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$202B$221B$59B3.8x6.8x
$166B$188B$62B3.0x6.9x
$151B$151B$17B9.0x13.9x
$133B$153B$63B2.4x5.5x
$113B$108B$26B4.2x6.6x
$104B$127B$64B2.0x6.4x
$93B$97B$22B4.3x7.3x
$90B$108B$29B3.7x8.8x
$86B$80B$15B5.4x7.9x
$85B$83B$10B8.4x26.0x
$82B$119B$319B0.4x6.1x
$63B$67B$40B1.7x9.0x
$58B$65B$11B6.0x15.4x
$54B$55B$3.4B16.1x19.4x
$53B$68B$20B3.3x8.5x
$49B$65B$40B1.6x4.4x
$45B$56B$66B0.9x7.3x
$44B$42B$2.4B17.8x19.8x
$42B$41B$12B3.4x5.4x
$41B$49B$10B4.8x7.5x
$41B$42B$38B1.1x4.8x
$40B$38B$7.8B4.9x7.2x
$40B$43B$26B1.7x5.7x
$36B$39B$23B1.7x10.2x
$34B$39B$21B1.9x10.5x
$31B$16B
$31B$11B
$30B$11B
$28B$26B
$26B$19B
$24B$26B
$24B$8.4B
$24B$24B
$24B$5.7B
$24B$5.8B
$24B$5.1B
$23B$26B
$23B$5.2B
$23B$18B
$23B$24B
$22B$5.9B
$22B$68B
$21B$33B
$21B$39B
$20B$48B
$20B$1.7B
$19B$6.7B
$19B$7.8B
$18B$2.1B
$18B$4.7B
$18B$3.1B
$17B$8.8B
$17B$7.9B
$17B$4B
$16B-
$16B$12B
$16B$4.6B
$16B$54B
$16B$4.6B
$15B$12B
$15B$8.3B
$15B$2.2B
$15B$3.9B
$15B$12B
$14B$3.2B
$14B$16B
$14B$90B
$14B$23B
$14B$4.3B
$14B$6B
$13B$17B
$12B$5.1B
$12B$5B
$12B$3.7B
$12B$6.7B
$12B$2.2B
$11B$2.6B
$11B$5.9B
$11B$14B
$10B$17B
$10B$6.5B
$10B$9.6B
$10B$11B
$9.7B$2.2B
$9.7B$2.8B
$9.3B$6.3B
$9.2B$775M
$9.1B$1.4B
$9.1B$10B
$9.1B-
$8.8B$8.3B
$8.6B$15B
$8.6B$13B
$8.6B$820M
$8.4B$2.3B
$8.4B$706M
$8.4B$36B
$8.1B$21B
$8.1B$11B
$7.9B$1.3B
$7.6B$9B
$7.3B$2B
$7.3B$9.6B
$7.3B$2.2B
$7.3B$5.2B
$7.1B$13B
$7.1B$1.6B
$6.9B$21B
$6.8B$2.5B
$6.8B$411M
$6.6B$28B
$6.5B$1.8B
$6.3B$3.3B
$6.3B$3.7B
$6.3B$2.1B
$6.3B$2.7B
$6.2B$2.8B
$6.2B$4.6B
$6.2B$366M
$6.1B$3.2B
$6.1B$9.7B
$6B$1B
$6B$484M
$6B-
$5.9B-
$5.9B$1.5B
$5.9B$4.9B
$5.7B-
$5.5B$1.4B
$5.5B$2.1B
$5.4B$2.6B
$5.4B$1.6B
$5.4B$3.4B
$5.3B-
$5.2B$1.6B
$5.1B$16B
$4.8B$2.6B
$4.7B$3B
$4.5B$160M
$4.5B$1.5B
$4.4B$8.4B
$4.4B$820M
$4.4B$832M
$4.4B$6.9B
$4.3B$2B
$4.2B$4.5B
$4.2B$3.7B
$4.2B$436M
$4.2B$95M
$4.1B$553M
$4B$5.4B
$4B$1.7B
$3.9B-
$3.8B$1.4B
$3.7B$1.8B
$3.7B-
$3.5B$498M
$3.5B$14B
$3.5B$2.3B
$3.5B$4.5B
$3.5B$2.1B
$3.4B$69K
$3.4B$400M
$3.4B$1.8B
$3.3B$3.2B
$3.3B$1.7B
$3.1B$1.5B
$3.1B-
$3.1B$9.9B
$3B$1.2B
$3B$1.4B
$3B$1.5B
$2.9B$1.2B
$2.9B$11B
$2.9B$5.8B
$2.9B-
$2.9B$141M
$2.8B$455M
$2.8B$17B
$2.8B$4B
$2.8B$7.3B
$2.7B-
$2.7B$1.7B
$2.7B$1.3B
$2.7B$842M
$2.6B$261M
$2.6B$2B
$2.6B-
$2.6B-
$2.6B$317M
$2.6B-
$2.6B$4.2B
$2.5B-
$2.4B$868M
$2.4B$6.8B
$2.3B$21B
$2.3B$1.9B
$2.2B-
$2.2B-
$2.2B$1B
$2.2B$376M
$2.1B$6.8B
$2.1B$780M
$2.1B-
$2.1B-
$2.1B$518M
$2B-
$2B$710M
$2B$117M
$1.9B-
$1.9B$12M
$1.9B$4.5B
$1.9B-
$1.9B$1B
$1.9B$3.6B
$1.8B$1.8B
$1.8B$446M
$1.8B$503M
$1.8B$668M
$1.7B-
$1.7B$653M
$1.7B$572M
$1.7B$1.1B
$1.7B$990M
$1.6B$995M
$1.6B$1.9B
$1.6B-
$1.6B-
$1.6B$334M
$1.5B-
$1.5B$3.7B
$1.5B-
$1.5B-
$1.5B$674M
$1.5B-
$1.5B$423M
$1.4B$485K
$1.4B$370M
$1.4B-
$1.4B$471M
$1.4B-
$1.4B-
$1.4B-
$1.4B$521M
$1.4B$1.7B
$1.3B$672M
$1.3B-
$1.3B-
$1.3B$1.8B
$1.2B-
$1.2B$3.5B
$1.2B-
$1.2B$3M
$1.2B-
$1.2B-
$1.2B$167M
$1.2B-
$1.2B$949M
$1.2B$672M
$1.1B-
$1.1B$84M
$1.1B-
$1.1B$4.6B
$1.1B$16M
$1.1B-
$1.1B$575M
$1.1B-
$1B$243M
$1B-
$1B-
$1B-
$1B$1.2B
$974M$1.3B
$973M-
$968M$221M
$961M$268M
$960M$15M
$951M$1.8B
$948M$8B
$917M-
$912M$379M
$884M$1.3B
$872M$1.7B
$862M$243M
$861M$693M
$858M-
$858M-
$856M$307M
$850M$335M
$846M$167M
$845M-
$826M-
$818M-
$792M-
$774M$2.6B
$769M-
$763M$365M
$760M$783M
$759M-
$757M-
$742M-
$741M$1.2B
$737M$140M
$723M$27M
$718M$1.5B
$714M$423M
$712M-
$697M$1.9B
$683M-
$681M$16M
$673M$468M
$669M-
$668M-
$663M$1.9B
$659M-
$648M-
$647M$453M
$647M$208M
$618M$13K
$616M$706M
$611M$130M
$599M$290M
$594M$109M
$580M$161M
$569M$340K
$554M$83M
$549M$8M
$541M$476M
$540M$368K
$539M$4M
$524M$235K
$524M$947M
$514M$296M
$499M$71K
$495M-
$487M$512M
$481M$146M
$480M-
$477M$183M
$477M-
$477M$373M
$470M-
$463M-
$458M-
$454M$64M
$454M-
$449M-
$449M$1M
$447M-
$441M$3M
$438M$151K
$433M-
$431M$546M
$431M$289M
$430M$61M
$427M$227M
$426M-
$425M-
$421M-
$420M$30M
$418M-
$415M-
$410M$771M
$408M$483M
$406M$517M
$405M-
$403M$267K
$401M$83M
$388M-
$387M$308M
$384M-
$384M-
$383M$140M
$380M$768M
$371M-
$368M$208M
$364M-
$362M-
$358M$893M
$355M-
$352M-
$350M$2M
$350M$1.8B
$346M-
$345M$6M
$342M$462K
$336M-
$331M$544M
$330M$72M
$327M$30M
$320M-
$316M$279M
$310M$52M
$307M-
$307M$376M
$304M-
$303M-
$303M$22M
$300M-
$300M-
$299M-
$299M$213M
$298M$356M
$296M-
$295M-
$289M$296M
$289M$381M
$288M$226M
$286M$456K
$285M-
$283M$13M
$279M$624M
$269M-
$259M$342K
$255M-
$254M$180M
$252M-
$250M-
$249M$3M
$248M$11M
$245M-
$241M-
$239M$94K
$236M$214M
$236M$1M
$232M-
$227M$146K
$227M$153K
$226M-
$225M$406M
$223M-
$223M$78K
$223M-
$222M$583K
$222M$138M
$220M-
$217M$403K
$215M-
$215M$234K
$214M-
$214M$1M
$213M-
$210M-
$208M-
$208M-
$208M$32M
$206M-
$201M$25M
$199M$99M
$199M$44K
$199M-
$198M-
$197M-
$193M$1M
$192M-
$189M-
$188M-
$188M-
$188M-
$187M$1M
$186M$175M
$185M-
$184M-
$184M-
$183M$25M
$183M$195M
$183M-
$182M$308K
$181M$2.2B
$181M-
$179M-
$178M$129M
$178M-
$177M$490K
$176M-
$175M-
$174M-
$172M-
$172M$702K
$171M$16M
$171M$10M
$169M$250M
$169M-
$165M-
$164M-
$162M-
$161M$781K
$160M$5M
$160M$302M
$158M$214K
$153M-
$151M-
$151M$3M
$150M-
$147M$270K
$145M$2M
$139M-
$136M-
$134M-
$134M-
$131M$349K
$129M$105M
$129M-
$128M$37M
$128M-
$126M-
$126M$1M
$125M$11K
$124M$2M
$124M-
$124M-
$123M-
$122M$11M
$121M$710K
$120M-
$120M-
$119M$7M
$118M$130M
$116M$379K
$115M$339M
$115M-
$113M-
$112M-
$112M-
$112M-
$111M-
$111M-
$110M-
$110M-
$108M$438M
$108M-
$108M-
$108M-
$107M-
$105M-
$105M$4M
$105M-
$105M$73M
$104M$55M
$104M-
$103M$110M
$103M$211M
$103M-
$101M-
$100M$573K
$98M-
$97M$20M
$96M-
$96M-
$96M-
$95M-
$94M-
$94M$1M
$94M-
$92M-
$91M$67M
$90M$135M
$90M$322K
$89M$580K
$88M-
$87M$67M
$86M$609M
$86M-
$86M-
$85M-
$85M-
$85M-
$84M-
$84M$236K
$84M$3M
$83M-
$82M-
$82M-
$82M-
$82M-
$81M$1M
$80M-
$80M-
$80M-
$80M-
$79M-
$79M$969K
$77M$280M
$76M-
$76M$1M
$75M$81K
$74M-
$74M-
$73M$9M
$73M$150M
$73M-
$72M$6M
$72M-
$72M-
$71M$45M
$70M($559K)
$70M-
$70M-
$70M-
$69M$23M
$68M-
$68M-
$68M$595K
$67M-
$67M-
$65M-
$65M-
$64M$111M
$63M$132M
$62M-
$62M-
$61M-
$61M-
$61M-
$58M-
$58M$54M
$57M-
$56M-
$56M-
$56M-
$55M$64M
$55M$35K
$54M-
$52M$125M
$52M-
$52M-
$52M-
$52M-
$52M-
$51M-
$51M-
$51M-
$50M-
$50M-
$50M$26M
$50M-
$49M-
$48M-
$48M-
$48M$201M
$48M$100K
$47M-
$47M-
$47M$218K
$47M$835K
$46M-
$45M$499K
$45M-
$45M-
$45M-
$45M-
$45M-
$44M-
$44M-
$44M-
$43M-
$43M-
$43M$109M
$42M-
$42M-
$41M-
$40M-
$40M-
$40M-
$40M-
$40M$289K
$40M-
$39M-
$39M$106K
$39M-
$38M$284K
$38M$147M
$38M-
$38M-
$37M-
$37M-
$37M-
$36M-
$36M-
$36M-
$36M-
$36M-
$35M-
$35M-
$35M-
$34M-
$34M-
$34M-
$34M-
$34M$5M
$34M-
$34M-
$33M-
$33M$280K
$32M-
$32M-
$32M$198K
$32M-
$32M-
$32M-
$31M-
$31M-
$31M-
$31M-
$30M-
$30M-
$30M-
$30M-
$29M-
$29M$478M
$29M-
$28M$1M
$28M-
$28M-
$28M-
$27M-
$27M$50M
$27M-
$27M-
$27M$784K
$25M-
$24M-
$24M-
$23M-
$23M$425K
$23M-
$23M$218M
$22M-
$22M-
$22M-
$21M$2M
$21M-
$21M-
$20M-
$19M$918K
$19M-
$18M-
$18M-
$18M-
$18M-
$18M-
$18M-
$17M-
$17M-
$16M-
$16M-
$16M-
$16M-
$16M-
$15M-
$15M-
$15M-
$15M-
$15M-
$14M-
$14M-
$14M-
$13M-
$13M-
$12M-
$11M-
$11M-
$11M-
$10M-
$10M-
$10M-
$10M-
$10M-
$10M-
$9M-
$9M-
$9M-
$8M-
$8M-
$8M-
$8M-
$8M-
$7M-
$7M$23M
$7M-
$7M-
$6M-
$6M-
$6M-
$6M-
$5M-
$5M-
$5M-
$5M-
$5M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$837K-
$659K-
$451K-
$0K-
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