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Stock Comparison · Valuation-led comparison

AngloGold Ashanti vs Fresnillo: Which Stock Looks Stronger in 2026?

AngloGold Ashanti leads structurally, with valuation as the clearest single gap between the two profiles. The remaining gap is narrow enough that the comparison remains open to different readings. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (AU: Russell 1000, FRES.L: STOXX 600).

Updated 2026-07-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight.

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #4
within AngloGold Ashanti plc's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The strongest overlap appears in capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
What reduces the match
recent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
AU
AngloGold Ashanti plc
85
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
FRES.L
Fresnillo plc
79
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: AU vs FRES.L Profitability 96 100 Stability 59 52 Valuation 87 66 Growth 91 92 AU FRES.L
Gap Ranking
#1 Valuation +21
#2 Stability +7
#3 Profitability +4
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AU and FRES.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AUFRES.L Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Fresnillo plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but AngloGold Ashanti plc still sits higher.
Valuation — Dominant Gap
AU
87
FRES.L
66
Gap+21in favour of AU

The multiple-based pricing edge comes from a forward P/E that is 4.4 turns lower.

What keeps the gap from being one-sided

Fresnillo plc still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Valuation answers the question more clearly than the overall score separation does.

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Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.