
Pan American Silver Corp. Financial Ratios 2025-2011 | PAAS
Brief overview of Pan American Silver Corp.'s market valuation
This overview follows the five latest available observations from 2019 through 2025.
The valuation comparison uses P/E 26.77x (median 38.84x), EV/EBITDA 22.51x (median 15.25x), P/S 7.25x (median 2.51x). Valuation is 52.3% above five-year reference levels. The premium requires support from earnings and returns.
The 1/P/E calculation produces a 3.7% earnings yield. It does not capture future growth or capital structure.
Current measures of operating quality are ROE 14%, ROA 10.1%, ROCE 17.6%. Profitability forms a strong profile, with capital and assets producing substantial returns.
PEG is 0.13x. Price is low relative to embedded growth, though the ratio depends heavily on forecast quality.
The cash conversion cycle decreased 33.8 days to 146.9 days, supporting working-capital efficiency.
Overall picture
Pan American Silver Corp.'s high quality ratios explain part of the market premium but increase sensitivity to slower growth.
Annual Financial Ratios Pan American Silver Corp.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
26.8 | 57.3 | -55.5 | -11.0 | 50.4 | 38.8 | 35.6 | 194.6 | 20.6 | 28.4 | -4.4 | -3.2 | -4.3 | 28.4 | 6.9 |
P/S |
7.2 | 2.3 | 2.5 | 2.5 | 3.0 | 5.2 | 2.9 | 2.6 | 3.1 | 3.7 | 1.5 | 2.3 | 2.4 | 2.7 | 2.8 |
EPS |
2.6 | 0.3 | -0.3 | -1.6 | 0.5 | 0.8 | 0.6 | 0.1 | 0.8 | 0.7 | - | - | - | - | - |
EV (Enterprise Value) |
27.8 B | 8.1 B | 7.86 B | 4.69 B | 5.57 B | 7.57 B | 4.81 B | 2.29 B | 2.79 B | 3.16 B | 1.42 B | 2.21 B | 2.52 B | 3.14 B | 2.78 B |
EBITDA per Share |
3.23 | 1.46 | 0.12 | -1.25 | 1.53 | 1 | 0.63 | 0.28 | 1.56 | 1.82 | 0.533 | 0.793 | 1.58 | 2.61 | 4.19 |
EV/EBITDA |
22.5 | 15.3 | 206.3 | -17.9 | 15.1 | 14.6 | 11.7 | 10.4 | 9.7 | 9.7 | 11.5 | 13.9 | 7.3 | 5.9 | 4.9 |
PEG |
0.13 | 0.31 | 5.08 | 2.04 | 1.8 | 0.59 | 0.75 | 15.48 | 1.02 | 0.2 | -0.08 | 0.14 | 0.01 | -0.35 | 0.03 |
P/B |
3.7 | 1.4 | 1.2 | 1.7 | 1.9 | 2.7 | 1.6 | 1.3 | 1.6 | 2.0 | 0.8 | 1.1 | 0.9 | 0.9 | 1.5 |
P/CF |
19.7 | 8.9 | 12.9 | 118.0 | 12.7 | 14.9 | 14.0 | 12.9 | 40.1 | 234.1 | -17.3 | -233.3 | -48.7 | 74.3 | 10.3 |
ROE % |
14.00 | 2.40 | -2.20 | -15.45 | - | 6.83 | 4.49 | 0.68 | 7.98 | 7.17 | -17.47 | -34.90 | -20.43 | 3.21 | 22.12 |
ROA % |
10.06 | 1.57 | -1.45 | -10.47 | 2.80 | 5.18 | 3.20 | 0.53 | 6.07 | 5.27 | -13.22 | -27.04 | -16.11 | 2.58 | 18.06 |
ROCE % |
17.61 | 11.26 | 0.80 | -11.91 | - | 6.83 | 3.98 | 2.39 | 6.42 | 9.40 | -4.50 | -1.53 | 4.01 | 8.12 | 20.45 |
Current Ratio |
3.6 | 2.9 | 3.0 | 3.1 | 4.0 | 4.1 | 3.5 | 4.6 | 3.2 | 3.3 | 3.5 | 3.5 | 4.8 | 5.0 | 4.2 |
DSO |
- | - | - | - | - | - | - | - | 50.2 | 69.5 | 61.9 | 69.5 | 58.1 | 51.9 | 42.0 |
DIO |
- | - | - | - | - | - | - | - | 123.2 | 150.4 | 105.5 | 123.9 | 149.8 | 159.7 | 111.0 |
DPO |
- | - | - | - | - | - | - | - | 26.5 | 28.7 | 27.7 | 26.0 | 27.2 | 33.2 | 25.3 |
Operating Cycle |
- | - | - | - | - | - | - | - | 173.4 | 219.9 | 167.4 | 193.5 | 207.9 | 211.7 | 153.0 |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | 146.9 | 191.2 | 139.8 | 167.5 | 180.7 | 178.5 | 127.7 |
All numbers in USD currency
Quarterly Financial Ratios Pan American Silver Corp.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
2.56 | 0.31 | -0.32 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
3.23 | 1.46 | 0.12 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
14.00 | 2.40 | -2.20 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
10.06 | 1.57 | -1.45 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
17.61 | 11.26 | 0.80 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
3.5 | 2.9 | 3.0 | - | - | - | - | 4.0 | - | - | - | 4.2 | - | - | - | 3.5 | - | - | - | 4.6 | - | - | - | 4.2 | - | - | - | 3.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Pan American Silver Corp., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
Financial Ratios of other stocks in the Silver industry
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
|
Fortuna Silver Mines
FSM
|
$ 12.31 | 3.26 % | $ 3.78 B | ||
|
First Majestic Silver Corp.
AG
|
$ 20.97 | 0.9 % | $ 10.1 B | ||
|
Avino Silver & Gold Mines Ltd.
ASM
|
$ 7.33 | 2.53 % | $ 987 B | ||
|
Endeavour Silver Corp.
EXK
|
$ 11.12 | 3.05 % | $ 3.15 B | ||
|
MAG Silver Corp.
MAG
|
- | - | $ 1.03 B | ||
|
Silvercorp Metals
SVM
|
$ 12.48 | 2.58 % | $ 2.55 B |