Latest Ratios: P/E Ratio 9.3x · EV/EBITDA 13.5x · ROE 20.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $7.1B | $2.9B | $3.9B | $1.9B | $1.9B | $3.1B | $3.8B | $4.1B | $3.6B | $2.9B |
| Enterprise Value | $7.5B | $7.2B | $3.1B | $3.7B | $2.4B | $2.6B | $3.4B | $4.3B | $3.8B | $3.5B | $2.8B |
| P/E Ratio → | 9.33 | 8.98 | 7.25 | 194.88 | 15.20 | 14.94 | — | — | — | 58.67 | — |
| P/S Ratio | 4.24 | 4.08 | 2.53 | 4.70 | 2.29 | 2.06 | 4.58 | 4.42 | 3.53 | 2.81 | 2.68 |
| P/B Ratio | 1.72 | 1.66 | 0.82 | 1.22 | 0.60 | 0.73 | 1.11 | 1.29 | 1.36 | 1.17 | 0.94 |
| P/FCF | 69.95 | 67.34 | 19.73 | — | — | — | 43.68 | — | — | — | — |
| P/OCF | 12.64 | 12.17 | 6.02 | 17.05 | 45.41 | — | 21.74 | 55.52 | — | 58.80 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.19 | 2.66 | 4.43 | 2.88 | 2.88 | 5.07 | 4.92 | 3.29 | 2.71 | 2.66 |
| EV / EBITDA | 13.48 | 12.98 | 5.15 | 16.39 | — | — | — | 24.00 | 12.25 | 10.68 | 8.64 |
| EV / EBIT | 13.53 | 7.07 | 6.86 | — | 14.10 | 16.78 | — | — | 62.58 | 28.40 | — |
| EV / FCF | — | 69.05 | 20.73 | — | — | — | 48.43 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.2% | 45.2% | 48.8% | 11.1% | 7.4% | 9.7% | 3.5% | 38.2% | 15.8% | 23.1% | 22.8% |
| Operating Margin | 32.1% | 32.1% | 38.6% | 2.6% | -4.7% | -7.3% | -12.0% | -6.3% | 4.6% | 8.3% | 12.4% |
| Net Profit Margin | 45.2% | 45.2% | 34.9% | 2.4% | 73.1% | -29.3% | -20.1% | -1.4% | -0.4% | 4.8% | -30.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.0% | 20.0% | 12.0% | 0.6% | 21.1% | -9.9% | -4.7% | -0.4% | -0.1% | 2.0% | -10.1% |
| ROA | 14.1% | 14.1% | 8.4% | 0.4% | 13.3% | -6.2% | -3.4% | -0.3% | -0.1% | 1.4% | -7.3% |
| ROIC | 10.2% | 10.2% | 9.1% | 0.4% | -0.8% | -1.5% | -1.9% | -1.3% | 1.4% | 2.7% | 3.0% |
| ROCE | 11.1% | 11.1% | 10.3% | 0.5% | -1.0% | -1.8% | -2.3% | -1.5% | 1.4% | 2.8% | 3.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.18 | 0.22 | 0.23 | 0.44 | 0.20 | 0.22 | 0.03 | 0.03 | 0.02 |
| Debt / EBITDA | 1.27 | 1.27 | 1.05 | 3.17 | — | — | — | 3.62 | 0.30 | 0.30 | 0.17 |
| Net Debt / Equity | — | 0.04 | 0.04 | -0.07 | 0.15 | 0.29 | 0.12 | 0.15 | -0.09 | -0.04 | -0.01 |
| Net Debt / EBITDA | 0.32 | 0.32 | 0.25 | -0.99 | — | — | — | 2.43 | -0.87 | -0.37 | -0.08 |
| Debt / FCF | — | 1.71 | 1.00 | — | — | — | 4.75 | — | — | — | — |
| Interest Coverage | 17.57 | 17.57 | 9.64 | -0.71 | 3.54 | 3.48 | -1.38 | -2.75 | 1.60 | 3.52 | -7.32 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.01 | 2.01 | 1.75 | 1.31 | 1.63 | 0.88 | 1.63 | 1.15 | 1.91 | 1.35 | 1.13 |
| Quick Ratio | 1.87 | 1.87 | 1.58 | 1.14 | 1.40 | 0.77 | 1.42 | 0.97 | 1.57 | 1.09 | 0.86 |
| Cash Ratio | 0.92 | 0.92 | 1.00 | 0.50 | 0.67 | 0.45 | 0.65 | 0.37 | 0.92 | 0.41 | 0.18 |
| Asset Turnover | — | 0.29 | 0.23 | 0.18 | 0.18 | 0.20 | 0.17 | 0.21 | 0.28 | 0.29 | 0.25 |
| Inventory Turnover | 11.97 | 11.97 | 7.43 | 9.57 | 8.64 | 9.43 | 8.44 | 5.47 | 7.23 | 7.41 | 6.82 |
| Days Sales Outstanding | — | 111.59 | 82.46 | 113.18 | 110.61 | 103.72 | 135.24 | 132.97 | 45.87 | 94.53 | 98.71 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.6% | 0.6% | 0.5% | 1.0% | — | — | 0.6% | 0.6% | 0.6% | 0.3% |
| Payout Ratio | 14.3% | 14.3% | 4.6% | 93.4% | 3.1% | — | — | — | — | 36.3% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.7% | 11.1% | 13.8% | 0.5% | 6.6% | 6.7% | — | — | — | 1.7% | — |
| FCF Yield | 1.4% | 1.5% | 5.1% | — | — | — | 2.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.5% | 1.6% | 0.6% | 0.5% | 1.0% | 0.0% | 0.0% | 0.6% | 0.6% | 0.6% | 0.3% |
| Shares Outstanding | — | $254M | $254M | $254M | $254M | $254M | $254M | $254M | $254M | $254M | $254M |
Peruvian socio-political instability
Based on current market data, BVN trades at a forward P/E of 6.82, which appears significantly discounted relative to its historical averages and peer group, suggesting that investors may be underestimating the earnings contribution from its strategic copper-linked equity investments in the current commodity cycle.
The valuation gap between BVN and its precious metal peers suggests the market is applying a conglomerate discount that fails to account for the high-margin cash flow generated by its minority stake in Cerro Verde. This forward multiple implies a conservative growth outlook that may be misaligned with the company's recent operational ramp-up and the potential for sustained commodity price strength.
According to recent financial reports, the company's ROIC has trended upward to 5.6% in 2026Q1 from a low of 1.0% in 2024Q1, reflecting a more disciplined approach to capital allocation as the firm transitions from heavy development phases to higher-margin production at its core mining assets.
The improvement in return on capital suggests that management's focus on divesting non-core assets like Yanacocha and prioritizing internal projects like San Gabriel is beginning to bear fruit. Investors should monitor whether this trend continues as the company balances the capital intensity of its aging infrastructure against the need for high-grade reserve replacement.
As reported in quarterly filings, the cash conversion cycle has fluctuated significantly, reaching 0 days in 2026Q1 compared to 17 days in 2024Q2, which indicates that the company's ability to manage its inventory and supplier payment terms remains highly sensitive to operational throughput and commodity price volatility.
The variability in the cash conversion cycle highlights the inherent challenges of managing a complex, multi-site mining operation where logistics and provisional pricing settlements can cause temporary liquidity swings. While the current cycle is efficient, the reliance on external factors for final settlement of concentrate sales warrants further investigation into potential working capital risks during periods of market turbulence.
Based on the latest balance sheet data, the company maintains a debt-to-equity ratio of 0.16, which remains well below industry norms and suggests that Buenaventura possesses a robust financial buffer to navigate the inherent socio-political risks associated with its concentrated operations in the Peruvian mining sector.
The low leverage profile provides management with significant optionality to pursue strategic growth or weather potential operational suspensions without the burden of heavy interest obligations. This financial health is a critical differentiator, as it allows the company to maintain its dividend policy and capital expenditure plans even when commodity prices face cyclical downward pressure.
As indicated by the company's unique financial structure, the P/E ratio is frequently misapplied to Buenaventura, as it obscures the significant non-operating equity income from associates that does not always translate into immediate, distributable cash flow for the parent company's own operational needs.
Analysts should prioritize free cash flow and dividend-adjusted earnings over standard P/E multiples to better capture the true earning power of the business. Relying solely on net income-based valuation risks overstating the company's liquidity and failing to account for the structural differences between direct mining operations and equity-accounted investment returns.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying BVN stock.
Compañía de Minas Buenaventura S.A.A.'s current P/E ratio is 9.3x. The historical average is 30.9x. This places it at the 14th percentile of its historical range.
Compañía de Minas Buenaventura S.A.A.'s current EV/EBITDA is 13.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.6x.
Compañía de Minas Buenaventura S.A.A.'s return on equity (ROE) is 20.0%. The historical average is 12.6%.
Based on historical data, Compañía de Minas Buenaventura S.A.A. is trading at a P/E of 9.3x. This is at the 14th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Compañía de Minas Buenaventura S.A.A.'s current dividend yield is 1.52% with a payout ratio of 14.3%.
Compañía de Minas Buenaventura S.A.A. has 45.2% gross margin and 32.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Compañía de Minas Buenaventura S.A.A.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.