Is Anglogold Ashanti Plc overvalued or undervalued?

As of 14 November 2025, Anglogold Ashanti Plc moved from fair to attractive in terms of valuation. The company appears to be undervalued, supported by a P/E ratio of 23, a PEG ratio of 0.10, and an EV to EBITDA ratio of 9.85. In comparison, a peer like Barrick Gold has a P/E of 30.56, indicating that Anglogold may offer better value relative to its earnings potential.
The stock has significantly outperformed the S&P 500, with a year-to-date return of 243.98% compared to the index's 14.49%. This strong performance reinforces the attractiveness of the company's current valuation.