Is Anglogold Ashanti Plc overvalued or undervalued?

As of 14 November 2025, the valuation grade for Anglogold Ashanti Plc has moved from fair to attractive, indicating a positive shift in its perceived value. 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. In comparison, a peer such as the industry average shows a higher P/E of approximately 30.56, suggesting that Anglogold Ashanti is trading at a discount relative to its peers.
The company's strong performance is further highlighted by its impressive return metrics, with a year-to-date return of 236.92% compared to the S&P 500's 14.49%, and a three-year return of 349.74% against the S&P 500's 70.17%. These figures reinforce the notion that Anglogold Ashanti is currently undervalued in the market.