Is Anglogold Ashanti Plc overvalued or undervalued?

As of 14 November 2025, the valuation grade for Anglogold Ashanti Plc moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears undervalued, supported by a P/E ratio of 23, a PEG ratio of 0.10, and an EV to EBITDA ratio of 9.85, which are favorable compared to its peer, which has a P/E of 30.56 and an EV to EBITDA of 13.09.
In the context of its industry, Anglogold Ashanti Plc's metrics suggest it is positioned well against competitors, particularly with a return on capital employed (ROCE) of 22.47% and return on equity (ROE) of 15.13%. Additionally, the company's strong performance is highlighted by its year-to-date return of 243.98%, significantly outpacing the S&P 500's return of 14.49% over the same period, reinforcing the attractiveness of its current valuation.