Perseus Mining Valuation Multiples

Perseus Mining Overview

About Perseus Mining

Perseus is an Australia-based gold miner. It sold around 510,000 ounces of gold in fiscal 2024 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022 and its 80%-owned Nyanzaga gold developmemt in Tanzania in fiscal 2024. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, it had about a decade of reserves at end fiscal 2025. We forecast it sells about 500,000 ounces of gold in fiscal 2030.

Founded

2003

HQ

Employees

270

Website

perseusmining.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $1B

EBITDA: $848M

EV

$5B

Valuation Multiples

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Perseus Mining Financials

Perseus Mining reported last 12-month revenue of $1B and EBITDA of $848M.

In the same LTM period, Perseus Mining generated $852M in gross profit, $848M in EBITDA, and $490M in net income.

Perseus Mining P&L

In the most recent fiscal year, Perseus Mining reported revenue of $1B and EBITDA of $727M.

Perseus Mining expects next 12-month revenue of XXX and NTM EBITDA of XXX

Perseus Mining Stock Performance

Perseus Mining has current market cap of $5B, and enterprise value of $5B.

Perseus Mining's stock price is $4.02.

Perseus Mining Valuation Multiples

Perseus Mining trades at 3.2x EV/Revenue multiple, and 5.6x EV/EBITDA.

Perseus Mining Financial Valuation Multiples

As of April 19, 2026, Perseus Mining has market cap of $5B and EV of $5B.

Equity research analysts estimate Perseus Mining's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Perseus Mining has a P/E ratio of 11.0x.

Perseus Mining Margins & Growth Rates

Perseus Mining's revenue in the last 12 month grew by 29%.

Perseus Mining's revenue per employee in the last FY averaged $4.6M, while opex per employee averaged $0.6M for the same period.

Perseus Mining's rule of 40 is 84% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Perseus Mining's rule of X is 124% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Perseus Mining Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Perseus Mining M&A Activity

Perseus Mining acquired XXX companies to date.

Last acquisition by Perseus Mining was on XXXXXXXX, XXXXX. Perseus Mining acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Perseus Mining Investment Activity

Perseus Mining invested in XXX companies to date.

Perseus Mining made its latest investment on XXXXXXXX, XXXXX. Perseus Mining invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).