NovaGold Resources Inc. (NG) Key Metrics
NG valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.90B
- Enterprise value
- $2.98B
- P/E (TTM)
- —
- Forward P/E
- 4.9
- PEG ratio
- 1.34
- Price / sales
- —
- Price / book
- 7.6 10-yr median 19.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.35
NG key metrics, FY2016–FY2025
Fiscal year ended November 30, 2025 · U.S. dollarsNG valuation Price multiples at each fiscal year-end price.
Price / book
23.3
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow yield0.0 pts
−1.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
NG returns How much profit the business earns on the capital it uses.
Return on equity
−162.7%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on invested capital+477.5 pts
−34.2%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on assets−6.0 pts
−42.5%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Asset turnover
0.00
FY2025 · hover or tap a bar for each year
FY2016FY2025
NG per-share figures Results divided by the shares outstanding at year-end.
Revenue per share
$0.00
FY2025 · hover or tap a bar for each year
FY2016FY2025
Earnings per share
−$0.25
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow per share
−$0.10
FY2025 · hover or tap a bar for each year
FY2016FY2025
Book value per share
$0.44
FY2025 · hover or tap a bar for each year
FY2016FY2025
Shares outstanding+12.0%
374.7M
FY2025 · hover or tap a bar for each year
FY2016FY2025
NG financial health Debt, liquidity and how easily interest is covered.
Debt / equity
1.02
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt−$175,513
$51.2M
FY2025 · hover or tap a bar for each year
FY2016FY2025
Current ratio+3.9%
23.79
FY2025 · hover or tap a bar for each year
FY2016FY2025
Interest coverage
-3.2
FY2025 · hover or tap a bar for each year
FY2016FY2025
Debt / assets−64.4%
0.50
FY2025 · hover or tap a bar for each year
FY2016FY2025
NG efficiency & capital use Working capital cycle and where the cash goes.
Days payables outstanding+6,417 days
24,105 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
NG valuation history
Fiscal year-endToday10-year median
NG returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NG debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NG cash returned to shareholders
DividendsBuybacksFree cash flow
NG price vs earnings per share
Share price at year-endEPS (right axis)
NG key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.82B | $1.22B | $1.40B | $1.92B | $2.24B | $3.28B | $2.27B | $1.18B | $1.24B | $1.46B |
| Enterprise value | $3.87B | $1.28B | $1.41B | $1.92B | $2.18B | $3.27B | $2.22B | $1.11B | $1.24B | $1.44B |
| Price / book | 23.3 | — | — | 64.3 | 28.6 | 29.6 | 16.4 | 7.4 | 4.4 | 4.9 |
| Price / free cash flow | — | — | — | — | — | — | — | 12.9 | — | — |
| EV / free cash flow | — | — | — | — | — | — | — | 12.1 | — | — |
| Earnings yield | −2.5% | −3.6% | −3.3% | −2.7% | −1.8% | −1.1% | −1.2% | −2.7% | −3.2% | −2.3% |
| Free cash flow yield | −1.0% | −1.0% | −0.6% | −0.6% | −0.4% | −2.3% | −0.3% | 7.8% | −0.7% | −7.0% |
| Dividend yield | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $10.19 | $3.66 | $4.20 | $5.77 | $6.75 | $9.96 | $6.96 | $3.67 | $3.85 | $4.58 |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Earnings per share | −$0.25 | −$0.13 | −$0.14 | −$0.15 | −$0.12 | −$0.11 | −$0.09 | −$0.10 | −$0.12 | −$0.10 |
| Operating cash flow per share | −$0.10 | −$0.04 | −$0.02 | −$0.04 | −$0.03 | −$0.03 | −$0.02 | −$0.03 | −$0.03 | −$0.04 |
| Free cash flow per share | −$0.10 | −$0.04 | −$0.02 | −$0.04 | −$0.03 | −$0.23 | −$0.02 | $0.29 | −$0.03 | −$0.32 |
| Cash per share | $0.31 | $0.30 | $0.38 | $0.38 | $0.51 | $0.37 | $0.46 | $0.52 | $0.26 | $0.33 |
| Book value per share | $0.44 | −$0.14 | −$0.02 | $0.09 | $0.24 | $0.34 | $0.42 | $0.50 | $0.88 | $0.94 |
| Tangible book value per share | $0.44 | −$0.14 | −$0.02 | $0.09 | $0.24 | $0.34 | $0.42 | $0.50 | $0.88 | $0.94 |
| Dividends per share | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.20 | $0.00 | $0.32 | $0.00 | $0.28 |
| Debt per share | $0.44 | $0.46 | $0.41 | $0.37 | $0.35 | $0.34 | $0.32 | $0.30 | $0.28 | $0.27 |
| Shares outstanding | 374.7M | 334.5M | 334.1M | 333.2M | 331.5M | 329.3M | 325.8M | 322.5M | 321.7M | 319.8M |
| Change in shares outstanding | +12.0% | +0.1% | +0.2% | +0.5% | +0.7% | +1.1% | +1.0% | +0.3% | +0.6% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −162.7% | — | — | −95.1% | −42.1% | −28.0% | −18.6% | −14.3% | −13.5% | −10.6% |
| Return on invested capital (ROIC) | −34.2% | −511.7% | −197.6% | −56.8% | −25.1% | −16.0% | −14.1% | −7.5% | −5.8% | −5.6% |
| Return on assets (ROA) | −42.5% | −36.5% | −32.0% | −28.7% | −18.8% | −14.8% | −11.0% | −9.6% | −9.8% | −7.9% |
| Return on tangible assets | −28.2% | −40.4% | −35.1% | −32.3% | −20.0% | −15.5% | −11.3% | −12.2% | −9.9% | −8.2% |
| Financial health | ||||||||||
| Total debt | $166.3M | $152.5M | $137.5M | $124.6M | $116.1M | $110.4M | $103.8M | $96.5M | $90.0M | $84.8M |
| Cash & short-term investments | $115.1M | $101.1M | $125.7M | $125.9M | $169.1M | $121.9M | $148.5M | $167.0M | $84.0M | $105.3M |
| Net debt | $51.2M | $51.3M | $11.8M | −$1.3M | −$53.0M | −$11.5M | −$44.8M | −$70.5M | $6.1M | −$20.5M |
| Debt / equity | 1.02 | — | — | 4.17 | 1.48 | 1.00 | 0.75 | 0.60 | 0.32 | 0.28 |
| Debt / assets | 0.50 | 1.39 | 1.03 | 0.78 | 0.58 | 0.49 | 0.42 | 0.37 | 0.23 | 0.21 |
| Current ratio | 23.79 | 22.91 | 32.57 | 33.17 | 38.66 | 55.97 | 44.97 | 46.28 | 24.79 | 35.18 |
| Quick ratio | 23.79 | 22.91 | 32.57 | 33.17 | 38.66 | 55.97 | 44.97 | 46.28 | 24.79 | 35.18 |
| Interest coverage | -3.2 | -1.7 | -3.1 | -2.4 | -3.3 | -3.2 | -2.2 | -2.8 | -4.0 | -4.4 |
| Working capital | $112.5M | $98.3M | $123.3M | $147.9M | $165.1M | $192.9M | $147.0M | $165.7M | $81.4M | $104.3M |
| Invested capital | $214.9M | $3.9M | $3.6M | $28.6M | $25.3M | $99.2M | $93.2M | $90.2M | $290.1M | $279.8M |
| Tangible asset value | $163.8M | −$47.4M | −$8.2M | $29.9M | $78.3M | $110.7M | $138.0M | $160.7M | $283.7M | $299.7M |
| Net current asset value | −$54.6M | −$54.4M | −$14.3M | $23.3M | $48.9M | $82.7M | $42.5M | $69.1M | −$30.0M | −$660,000 |
| Graham net-net per share | −$0.15 | −$0.17 | −$0.05 | $0.05 | $0.15 | $0.19 | $0.13 | $0.21 | −$0.10 | −$0.01 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Share buybacks (net) | $0 | $174,000 | — | $2,122 | $731 | $1,652 | $1,197 | $0 | $196 | $4,275 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 0.0% | — | — |
| Capex / depreciation | 0.00 | 0.00 | 55.60 | 306.43 | 28.57 | 9,389.14 | 0.00 | 4,656.73 | 0.00 | 2,735.39 |
| Efficiency | ||||||||||
| Days of inventory on hand | — | — | 30.3 | — | -2.1 | 0.1 | — | — | — | — |
| Days payables outstanding | 24,105.1 | 17,688.0 | 26,864.0 | 39,213.3 | 42,062.2 | 44,732.9 | 19,334.7 | 12,273.1 | 7,321.0 | 3,667.7 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.05 | 0.10 |
| Inventory turnover | — | — | 12.03 | — | — | 7,262.00 | — | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | $813,500 | $333,872 | $12.9M | $12.8M | $36.7M | $37.1M | $1.4M | $1.0M | $425,000 | $421,000 |
| Average payables | $1.7M | $1.0M | $736,000 | $725,500 | $791,000 | $890,000 | $795,000 | $718,500 | $689,500 | $327,533 |
| Average inventory | — | — | $831 | — | −$40 | $1 | — | $0 | $0 | $0 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
Computed from NG's annual financial statements (latest annual report filed January 22, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NG valuation and financial ratios
NovaGold Resources earned a return on equity of −162.7% and a return on invested capital of −34.2% in fiscal 2025. It ended the year with $166.3 million of debt and $115.1 million in cash and short-term investments, net debt of $51.2 million. The share count rose 17.2% from 319.8M to 374.7M over 9 years.
See the NG income statement, the NG chart for price history, or the NG stock overview for the latest quote and news.
NG key metrics FAQ
What is NovaGold Resources's return on equity?
NovaGold Resources's return on equity (ROE) was −162.7% in fiscal 2025: net income of -$94.7 million on average shareholders' equity of $58.2 million.
What is NovaGold Resources's ROIC?
NovaGold Resources's return on invested capital was −34.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NovaGold Resources have?
NovaGold Resources had total debt of $166.3 million at the end of fiscal 2025, a debt-to-equity ratio of 1.02.
What is NovaGold Resources's free cash flow yield?
NovaGold Resources generated -$38.7 million of free cash flow in fiscal 2025, a free cash flow yield of −1.0% on its market value at year-end ($3.8 billion).
What is NovaGold Resources's current ratio?
NovaGold Resources's current ratio was 23.79 at the end of fiscal 2025: current assets were 23.79 times current liabilities.