First Majestic Silver Corp. (AG) Valuation — DCF, Graham & Comparables

First Majestic Silver Corp. (AG) — Price $14.26 (closing price, October 30, 2026) — Basic Materials — Silver — NYSE

Latest reported results:

Valuation dashboard for First Majestic Silver Corp. (AG) with P/E 20.54, P/B 2.39, EV/EBITDA 6.12 and dividend yield 0.35%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Basic Materials companies.

First Majestic Silver Corp. is a North American mining company dedicated to the exploration, acquisition, development, and operation of mineral properties, primarily concentrating on silver and gold output. The company fully owns and operates a portfolio of significant mining assets.

Analysis Summary

First Majestic Silver Corp. reported revenue of $1.28B in the most recent fiscal year, growing at a 5-year CAGR of 28.4%. Net income reached $167.8M, with a 48.7% 5-year CAGR.

Trailing-twelve-month margins: gross margin 52.6%, operating margin 44.0%, net margin 21.1%.

At $14.26 (closing price, October 30, 2026), AG trades at a P/E of 20.54 and an ROE of 12.37%. Market capitalisation stands at $7.0B.

Balance sheet quality for AG: current ratio of 2.6. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio20.54
Price / Book2.39
EV / EBITDA6.12
Dividend Yield0.35%

Valuation Models

DCF Fair Value$-1.94
vs Current Price-113.6%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
AGFirst Majestic Silver Corp.$7.0B20.542.3912.4%
PAASPan American Silver Corp.$15.7B11.472.1719.5%
HLHecla Mining Company$9.1B27.613.3913.0%
CDECoeur Mining, Inc.$13.6B10.561.3012.5%
FSMFortuna Mining Corp.$2.6B7.531.5122.2%
EXKEndeavour Silver Corp.$2.1B38.353.0010.5%

Price

Price$14.26 (closing price, October 30, 2026)
Market Cap$7.0B
ExchangeNYSE
CountryCA

Profitability

Return on Equity12.37%
Return on Invested Capital8.95%
Return on Assets7.03%
Gross Margin52.57%
Operating Margin43.97%
Net Margin21.12%

Related companies: PAAS · HL · CDE · FSM · EXK

Explore sector: Basic Materials · Silver

More sections of AG: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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