Is Anglogold Ashanti Plc overvalued or undervalued?

As of 23 July 2025, Anglogold Ashanti Plc has moved from a fair to an attractive valuation grade. The company is currently considered undervalued, supported by a P/E ratio of 23, a PEG ratio of 0.10, and an EV to EBITDA of 9.85. In comparison to its peer, which has a P/E of 30.56 and an EV to EBITDA of 13.09, Anglogold Ashanti appears to offer a more favorable valuation.
The company's return performance has been impressive, particularly in the year-to-date period, where it has achieved a return of 179.90%, significantly outperforming the S&P 500's 12.22%. This strong performance, along with its attractive valuation metrics, reinforces the conclusion that Anglogold Ashanti is undervalued relative to its peers and the broader market.