PAAS
Pan American Silver
PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: PAAS
- PE Ratio
The current PE ratio for Pan American Silver stock as of Jun 16, 2026 is 16.64. This is calculated based on the current EPS of $3.12 and the stock price of $51.92 per share. The P/E ratio has a decrease of 16% from the past four quarters average of 19.9.
PAAS PE ratio history
The average historical PE ratio of Pan American Silver for the last ten years is 47.25. The current PE ratio of 16.64 is 65% below the historical average. Over the past ten years, PAAS's PE ratio was at its highest in the Dec 2018 quarter at 208.57, when the stock price was $14.6 and the EPS was $0.07. The lowest value was in the Mar 2018 quarter, when it reached 16.65 with a price of $16.15 and an EPS of $0.97.
Pan American Silver PE ratio by year
Maximum annual increase: 958.73% in 2018
Maximum annual decrease: -97.92% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 20.24 | -68.97% | $51.81 | $2.56 |
| 2024 | 65.23 | N/A | $20.22 | $0.31 |
| 2023 | N/A | N/A | $16.33 | -$0.32 |
| 2022 | N/A | N/A | $16.34 | -$1.62 |
| 2021 | 54.28 | 33.69% | $24.97 | $0.46 |
| 2020 | 40.6 | -5.73% | $34.51 | $0.85 |
| 2019 | 43.07 | -79.35% | $23.69 | $0.55 |
| 2018 | 208.57 | 958.73% | $14.6 | $0.07 |
| 2017 | 19.7 | -13.71% | $15.56 | $0.79 |
| 2016 | 22.83 | N/A | $15.07 | $0.66 |
| 2015 | N/A | N/A | $6.5 | -$1.49 |
| 2014 | N/A | N/A | $9.2 | -$3.6 |
| 2013 | N/A | N/A | $11.7 | -$2.94 |
| 2012 | 33.45 | 407.59% | $18.73 | $0.56 |
| 2011 | 6.59 | -97.92% | $21.81 | $3.31 |
Pan American Silver PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 17.51 | -13.49% | $54.63 | $3.12 |
| Dec 2025 | 20.24 | -9.07% | $51.81 | $2.56 |
| Sep 2025 | 22.26 | 13.63% | $38.73 | $1.74 |
| Jun 2025 | 19.59 | -34.02% | $28.4 | $1.45 |
| Mar 2025 | 29.69 | -54.48% | $25.83 | $0.87 |
| Dec 2024 | 65.23 | N/A | $20.22 | $0.31 |
| Sep 2024 | N/A | N/A | $20.87 | -$0.17 |
| Jun 2024 | N/A | N/A | $19.88 | -$0.38 |
| Mar 2024 | N/A | N/A | $15.08 | -$0.41 |
| Dec 2023 | N/A | N/A | $16.33 | -$0.32 |
| Sep 2023 | N/A | N/A | $14.48 | -$0.88 |
| Jun 2023 | N/A | N/A | $14.58 | -$1.17 |
| Mar 2023 | N/A | N/A | $18.2 | -$1.91 |
| Dec 2022 | N/A | N/A | $16.34 | -$1.62 |
| Sep 2022 | N/A | N/A | $15.88 | -$0.75 |
PAAS Price vs fair value
PAAS average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
PAAS's current P/E ratio is below the 3, 5 and 10-year averages.
PE comparison
Pan American Silver's P/E of 16.64 is below the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 21.86, Pan American Silver's P/E is 24% lower.
PAAS PE vs peers
Compared to its peer HL, PAAS's PE ratio stands lower, however it is higher than CDE's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CDE Coeur Mining Inc | 15.28 | $19.44B |
| PAAS Pan American Silver Corp | 16.64 | $21.88B |
| HL Hecla Mining Co | 40.78 | $11.21B |
| SVM Silvercorp Metals Inc | N/A | $2.79B |
Frequently asked questions
What is Pan American Silver's PE ratio?
The price to earnings ratio for PAAS stock as of Jun 16, 2026, stands at 16.64.
What is the 3-year average PE ratio for Pan American Silver (PAAS)?
Over the last 3 years, the average price to earnings ratio for PAAS stock is 29.09.
What is the 5-year average PE ratio for Pan American Silver (PAAS)?
Over the last 5 years, the average price to earnings ratio for PAAS stock is 30.02.
What is the highest PE ratio for PAAS?
In the last ten years, the Dec 2018 quarter recorded the highest quarterly PE ratio at 208.57.
How does the current PE ratio for PAAS compare to its historical average?
The current price to earnings ratio of PAAS is 65% lower than the 10-year historical average.
How is PAAS's PE ratio calculated (Pan American Silver PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Jun 16, 2026), Pan American Silver's stock price is $51.92. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.12. Therefore, Pan American Silver's P/E ratio for today is 16.64. PE RATIO(16.64) = STOCK PRICE($51.92) / TTM EPS($3.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.