AG PE Ratio & Valuation,Is AG Overvalued

AG Relative Valuation

AG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, AG is overvalued; if below, it's undervalued.

Historical Valuation

First Majestic Silver Corp (AG) is now in the Fair zone, suggesting that its current forward PS ratio of 6.18 is considered Fairly compared with the five-year average of 21.46. The fair price of First Majestic Silver Corp (AG) is between 11.53 to 16.12 according to relative valuation methord.

Relative Value

Fair Zone

11.53-16.12

Current Price：15.94

Fair

20.81

9.80

EV/EBITDA

First Majestic Silver Corp. (AG) has a current EV/EBITDA of 9.80. The 5-year average EV/EBITDA is 7.33. The thresholds are as follows: Strongly Undervalued below -44.01, Undervalued between -44.01 and -18.34, Fairly Valued between 33.00 and -18.34, Overvalued between 33.00 and 58.68, and Strongly Overvalued above 58.68. The current Forward EV/EBITDA of 9.80 falls within the Historic Trend Line -Fairly Valued range.

16.04

EV/EBIT

First Majestic Silver Corp. (AG) has a current EV/EBIT of 16.04. The 5-year average EV/EBIT is 3.30. The thresholds are as follows: Strongly Undervalued below -30.32, Undervalued between -30.32 and -13.51, Fairly Valued between 20.10 and -13.51, Overvalued between 20.10 and 36.91, and Strongly Overvalued above 36.91. The current Forward EV/EBIT of 16.04 falls within the Historic Trend Line -Fairly Valued range.

6.18

First Majestic Silver Corp. (AG) has a current PS of 6.18. The 5-year average PS is 3.75. The thresholds are as follows: Strongly Undervalued below 1.52, Undervalued between 1.52 and 2.63, Fairly Valued between 4.86 and 2.63, Overvalued between 4.86 and 5.97, and Strongly Overvalued above 5.97. The current Forward PS of 6.18 falls within the Strongly Overvalued range.

12.79

P/OCF

First Majestic Silver Corp. (AG) has a current P/OCF of 12.79. The 5-year average P/OCF is 18.89. The thresholds are as follows: Strongly Undervalued below -11.43, Undervalued between -11.43 and 3.73, Fairly Valued between 34.05 and 3.73, Overvalued between 34.05 and 49.21, and Strongly Overvalued above 49.21. The current Forward P/OCF of 12.79 falls within the Historic Trend Line -Fairly Valued range.

17.84

P/FCF

First Majestic Silver Corp. (AG) has a current P/FCF of 17.84. The 5-year average P/FCF is 42.76. The thresholds are as follows: Strongly Undervalued below -167.06, Undervalued between -167.06 and -62.15, Fairly Valued between 147.67 and -62.15, Overvalued between 147.67 and 252.58, and Strongly Overvalued above 252.58. The current Forward P/FCF of 17.84 falls within the Historic Trend Line -Fairly Valued range.

First Majestic Silver Corp (AG) has a current Price-to-Book (P/B) ratio of 3.01. Compared to its 3-year average P/B ratio of 1.44 , the current P/B ratio is approximately 109.19% higher. Relative to its 5-year average P/B ratio of 1.89, the current P/B ratio is about 59.48% higher. First Majestic Silver Corp (AG) has a Forward Free Cash Flow (FCF) yield of approximately 1.95%. Compared to its 3-year average FCF yield of -3.95%, the current FCF yield is approximately -149.33% lower. Relative to its 5-year average FCF yield of -3.89% , the current FCF yield is about -150.02% lower.

3.01

P/B

Median3y

1.44

Median5y

1.89

1.94

FCF Yield

Median3y

-3.95

Median5y

-3.89

Competitors Valuation Multiple

The average P/S ratio for AG's competitors is 8.98, providing a benchmark for relative valuation. First Majestic Silver Corp Corp (AG) exhibits a P/S ratio of 6.18, which is -31.21% above the industry average. Given its robust revenue growth of 95.13%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of AG increased by 190.35% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 26.69 to 100.90.

The secondary factor is the Revenue Growth, contributed 95.13%to the performance.

Overall, the performance of AG in the past 1 year is driven by P/E Change. Which is more unsustainable.

95.13%

146.09M → 285.06M

Revenue Growth

-182.80%

-18.20 → 15.07

Margin Expansion

278.02%

26.69 → 100.90

P/E Change

190.35%

5.49 → 15.94

Mkt Cap Growth

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Frequently Asked Questions

Is First Majestic Silver Corp (AG) currently overvalued or undervalued?

What is First Majestic Silver Corp (AG) fair value?

AG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of First Majestic Silver Corp (AG) is between 11.53 to 16.12 according to relative valuation methord.

How does AG's valuation metrics compare to the industry average?

What is the current P/B ratio for First Majestic Silver Corp (AG) as of Dec 15 2025?

As of Dec 15 2025, First Majestic Silver Corp (AG) has a P/B ratio of 3.01. This indicates that the market values AG at 3.01 times its book value.

What is the current FCF Yield for First Majestic Silver Corp (AG) as of Dec 15 2025?

As of Dec 15 2025, First Majestic Silver Corp (AG) has a FCF Yield of 1.95%. This means that for every dollar of First Majestic Silver Corp’s market capitalization, the company generates 1.95 cents in free cash flow.

What is the current Forward P/E ratio for First Majestic Silver Corp (AG) as of Dec 15 2025?

As of Dec 15 2025, First Majestic Silver Corp (AG) has a Forward P/E ratio of 20.99. This means the market is willing to pay $20.99 for every dollar of First Majestic Silver Corp’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for First Majestic Silver Corp (AG) as of Dec 15 2025?

As of Dec 15 2025, First Majestic Silver Corp (AG) has a Forward P/S ratio of 6.18. This means the market is valuing AG at $6.18 for every dollar of expected revenue over the next 12 months.

AG Valuation