OceanaGold Corporation (OGC) Key Metrics
OGC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.01B
- Enterprise value
- $5.63B
- P/E (TTM)
- 7.2 10-yr median 10.4
- Forward P/E
- 8.6
- PEG ratio
- —
- Price / sales
- 2.4 10-yr median 1.4
- Price / book
- 2.5 10-yr median 0.9
- EV / EBITDA
- 3.6 10-yr median 3.9
- Dividend yield
- 1.11% $0.30 a year
- Beta
- 1.50
OGC key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOGC valuation Price multiples at each fiscal year-end price.
OGC returns How much profit the business earns on the capital it uses.
OGC per-share figures Results divided by the shares outstanding at year-end.
OGC financial health Debt, liquidity and how easily interest is covered.
OGC efficiency & capital use Working capital cycle and where the cash goes.
OGC valuation history
OGC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OGC cash returned to shareholders
OGC price vs earnings per share
OGC key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $6.61B | $1.94B | $1.36B | $1.34B |
| Enterprise value | $6.18B | $1.75B | $1.43B | $1.48B |
| P/E ratio | 10.5 | 10.3 | 16.3 | 10.1 |
| Price / sales | 3.5 | 1.5 | 1.3 | 1.4 |
| Price / book | 2.9 | 1.1 | 0.8 | 0.8 |
| Price / free cash flow | 12.2 | 9.1 | 39.6 | 15.4 |
| Price / operating cash flow | 6.7 | 3.3 | 3.5 | 3.6 |
| EV / sales | 3.3 | 1.3 | 1.4 | 1.5 |
| EV / EBITDA | 5.3 | 3.0 | 3.9 | 3.9 |
| EV / free cash flow | 11.4 | 8.2 | 41.8 | 17.0 |
| Earnings yield | 9.5% | 9.7% | 6.1% | 9.9% |
| Free cash flow yield | 8.2% | 11.0% | 2.5% | 6.5% |
| Dividend yield | 0.4% | 0.7% | 1.1% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.1% | 2.0% | 1.1% | 0.0% |
| Share price at fiscal year-end | $28.30 | $8.28 | $5.76 | $5.70 |
| Per share | ||||
| Revenue per share | $8.11 | $5.53 | $4.35 | $4.12 |
| Earnings per share | $2.69 | $0.80 | $0.35 | $0.56 |
| Operating cash flow per share | $4.21 | $2.54 | $1.63 | $1.57 |
| Free cash flow per share | $2.32 | $0.91 | $0.15 | $0.37 |
| Cash per share | $2.04 | $0.83 | $0.26 | $0.35 |
| Book value per share | $9.71 | $7.77 | $7.35 | $7.13 |
| Tangible book value per share | $9.71 | $7.77 | $7.35 | $7.13 |
| Dividends per share | $0.12 | $0.06 | $0.06 | $0.00 |
| Capex per share | $1.90 | $1.62 | $1.48 | $1.20 |
| Debt per share | $0.21 | — | $0.58 | $0.96 |
| Shares outstanding | 233.5M | 234.2M | 235.8M | 234.7M |
| Change in shares outstanding | −0.3% | −0.7% | +0.5% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 30.8% | 10.5% | 4.9% | 7.9% |
| Return on invested capital (ROIC) | 32.1% | 13.0% | 9.1% | 8.4% |
| Return on assets (ROA) | 21.9% | 7.6% | 3.5% | 5.8% |
| Return on tangible assets | 19.3% | 7.5% | 3.4% | 5.8% |
| Free cash flow margin | 28.6% | 16.5% | 3.3% | 9.0% |
| Income quality (OCF / net income) | 1.57 | 3.17 | 4.62 | 2.78 |
| Financial health | ||||
| Total debt | $50.1M | — | $136.6M | $224.6M |
| Cash & short-term investments | $476.5M | $193.5M | $61.7M | $83.2M |
| Net debt | −$426.4M | −$193.5M | $74.9M | $141.4M |
| Debt / equity | 0.02 | — | 0.08 | 0.13 |
| Debt / assets | 0.02 | — | 0.06 | 0.10 |
| Net debt / EBITDA | −0.37 | −0.33 | 0.20 | 0.37 |
| Current ratio | 1.45 | 1.51 | 1.05 | 1.26 |
| Quick ratio | 1.02 | 0.73 | 0.39 | 0.62 |
| Interest coverage | 60.7 | 12.7 | 9.2 | 17.4 |
| Working capital | $226.1M | $156.5M | $14.5M | $59.3M |
| Invested capital | $1.84B | $1.63B | $1.81B | $1.81B |
| Tangible asset value | $2.37B | $1.93B | $1.73B | $1.67B |
| Net current asset value | −$152.4M | −$97.3M | −$387.7M | −$328.4M |
| Graham number | $24.25 | $11.83 | $7.63 | $9.52 |
| Graham net-net per share | −$1.22 | −$1.02 | −$2.19 | −$1.85 |
| Capital allocation | ||||
| Dividends paid | $27.7M | $14.1M | $14.3M | $0 |
| Share buybacks (net) | $175.1M | $24.1M | $0 | — |
| Dividend payout ratio | 4.4% | 7.5% | 17.2% | 0.0% |
| Dividends + buybacks / free cash flow | 37.5% | 17.9% | 41.7% | 0.0% |
| Capex / revenue | 23.4% | 29.4% | 34.1% | 29.1% |
| Capex / operating cash flow | 45.0% | 64.0% | 91.1% | 76.4% |
| Capex / depreciation | 1.76 | 1.18 | 1.53 | 1.40 |
| Stock-based compensation / revenue | 4.8% | 2.1% | 1.4% | 0.7% |
| SG&A / revenue | 3.9% | 5.0% | 6.3% | 5.3% |
| Efficiency | ||||
| Days sales outstanding | 3.0 | 8.2 | 13.9 | 12.9 |
| Days of inventory on hand | 82.2 | 88.1 | 88.4 | 75.9 |
| Days payables outstanding | 90.3 | 81.6 | 97.1 | 90.1 |
| Cash conversion cycle (days) | -5.1 | 14.7 | 5.2 | -1.4 |
| Receivables turnover | 121.75 | 44.70 | 26.21 | 28.37 |
| Payables turnover | 4.04 | 4.48 | 3.76 | 4.05 |
| Inventory turnover | 4.44 | 4.14 | 4.13 | 4.81 |
| Asset turnover | 0.66 | 0.52 | 0.43 | 0.42 |
| Average receivables | $15.6M | $28.9M | $39.1M | $34.1M |
| Average payables | $251.2M | $205.9M | $193.5M | $174.7M |
| Average inventory | $228.8M | $222.4M | $176.2M | $147.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from OGC's annual financial statements (latest annual report filed December 31, 2025) 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.
OGC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), OceanaGold traded at 10.5 times earnings, against a 4-year median of 10.4. Based on the latest twelve months, the trailing P/E is 7.2 and the forward P/E is 8.6. OceanaGold earned a return on equity of 30.8% and a return on invested capital of 32.1% in fiscal 2025. It ended the year with $50.1 million of debt and $476.5 million in cash and short-term investments, a net cash position of $426.4 million. It returned $202.8 million to shareholders: $27.7 million in dividends and $175.1 million in share buybacks, 37% of free cash flow.
See the OGC income statement, the OGC chart for price history, or the OGC stock overview for the latest quote and news.
OGC key metrics FAQ
What is OceanaGold's P/E ratio?
OceanaGold's trailing P/E ratio is 7.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.6. At the end of fiscal 2025 it was 10.5, compared with a 4-year median of 10.4.
What is OceanaGold's EV/EBITDA?
OceanaGold's enterprise value was 5.3 times EBITDA at the end of fiscal 2025 (enterprise value $6.2 billion, EBITDA $1.2 billion); the current EV/EBITDA is 3.6.
What is OceanaGold's return on equity?
OceanaGold's return on equity (ROE) was 30.8% in fiscal 2025: net income of $628.7 million on average shareholders' equity of $2.0 billion.
What is OceanaGold's ROIC?
OceanaGold's return on invested capital was 32.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does OceanaGold have?
OceanaGold had total debt of $50.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is OceanaGold's dividend yield?
OceanaGold's forward dividend yield is 1.11%. OceanaGold paid $27.7 million in dividends in fiscal 2025 ($0.12 per share), a payout ratio of 4.4%.
Does OceanaGold buy back its shares?
Yes. OceanaGold spent $175.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 233.5M..
What is OceanaGold's free cash flow yield?
OceanaGold generated $541.4 million of free cash flow in fiscal 2025, a free cash flow yield of 8.2% on its market value at year-end ($6.6 billion).
What is OceanaGold's current ratio?
OceanaGold's current ratio was 1.45 at the end of fiscal 2025: current assets were 1.45 times current liabilities.