Agnico Eagle Mines Limited (AEM) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Gold
EV/EBITDA
↑
10.15
+12% vs avg
5yr avg: 9.04
30Y Low8.1·High93.1
P/FCF
↓
19.59
↓-30% vs avg
5yr avg: 28.06
30Y Low18.4·High136.9
P/B Ratio
↑
3.39
↑+65% vs avg
5yr avg: 2.06
30Y Low1.2·High3.9
ROE
↑
19.6%
↓+77% vs avg
5yr avg: 11.1%
30Y Low-63%·High20%
Debt/EBITDA
↓
0.04
↓-92% vs avg
5yr avg: 0.50
30Y Low0.0·High17.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AEM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Agnico Eagle Mines Limited trades at 18.8x earnings, 15% below its 5-year average of 22.2x, sitting at the 6th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 20%. On a free-cash-flow basis, the stock trades at 19.6x P/FCF, 30% below the 5-year average of 28.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $83.5B | $85.3B | $39.2B | $26.9B | $22.8B | $13.0B | $17.1B | $14.7B | $9.4B | $10.7B | $9.5B |
| Enterprise Value | $81.0B | $82.8B | $39.5B | $28.5B | $23.6B | $14.5B | $18.4B | $16.2B | $10.8B | $11.5B | $10.2B |
| P/E Ratio → | 18.81 | 19.13 | 20.69 | 13.85 | 33.98 | 23.31 | 33.58 | 30.96 | — | 43.98 | 60.00 |
| P/S Ratio | 7.01 | 7.17 | 4.73 | 3.98 | 4.14 | 3.39 | 5.19 | 5.75 | 4.53 | 4.62 | 4.49 |
| P/B Ratio | 3.39 | 3.45 | 1.88 | 1.38 | 1.40 | 2.17 | 3.02 | 2.87 | 2.07 | 2.17 | 2.11 |
| P/FCF | 19.59 | 20.03 | 18.42 | 28.36 | 40.83 | 32.65 | 39.61 | — | — | — | 36.11 |
| P/OCF | 12.25 | 12.52 | 9.89 | 10.33 | 10.87 | 9.67 | 14.38 | 16.65 | 15.56 | 13.99 | 12.18 |
P/E links to full P/E history page with 30-year chart
AEM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Agnico Eagle Mines Limited's enterprise value stands at 10.2x EBITDA, 12% above its 5-year average of 9.0x. The Basic Materials sector median is 11.0x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.95 | 4.77 | 4.23 | 4.29 | 3.78 | 5.58 | 6.34 | 5.22 | 4.94 | 4.81 |
| EV / EBITDA | 10.15 | 10.39 | 8.48 | 8.70 | 9.48 | 8.13 | 12.01 | 15.54 | 15.16 | 11.95 | 12.06 |
| EV / EBIT | 12.79 | 12.30 | 13.59 | 11.41 | 20.81 | 14.38 | 20.37 | 18.89 | — | 26.83 | 30.30 |
| EV / FCF | — | 19.43 | 18.59 | 30.12 | 42.32 | 36.44 | 42.57 | — | — | — | 38.68 |
AEM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Agnico Eagle Mines Limited earns an operating margin of 53.1%, significantly above the Basic Materials sector average of 10.3%. Operating margins have expanded from 25.6% to 53.1% over the past 3 years, signaling improving operational efficiency. ROE of 19.6% indicates solid capital efficiency. ROIC of 21.9% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.1% | 58.1% | 44.5% | 29.5% | 29.9% | 31.0% | 30.8% | 23.7% | 15.2% | 23.6% | 16.0% |
| Operating Margin | 53.1% | 53.1% | 38.0% | 25.6% | 25.9% | 27.3% | 26.2% | 18.7% | 8.8% | 18.4% | 11.0% |
| Net Profit Margin | 37.5% | 37.5% | 22.9% | 29.3% | 11.7% | 14.5% | 16.3% | 19.0% | -14.9% | 10.7% | 7.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.6% | 19.6% | 9.4% | 11.1% | 5.8% | 9.5% | 10.0% | 10.0% | -6.5% | 5.3% | 3.6% |
| ROA | 13.8% | 13.8% | 6.5% | 7.6% | 3.8% | 5.6% | 5.9% | 5.8% | -3.9% | 3.3% | 2.3% |
| ROIC | 21.9% | 21.9% | 11.2% | 6.8% | 8.7% | 10.9% | 9.5% | 5.7% | 2.4% | 5.9% | 3.4% |
| ROCE | 20.9% | 20.9% | 11.2% | 6.9% | 8.9% | 11.3% | 10.1% | 6.2% | 2.4% | 6.0% | 3.6% |
AEM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Agnico Eagle Mines Limited carries a Debt/EBITDA ratio of 0.0x, which is very conservative (98% below the sector average of 2.4x). The company holds a net cash position — cash of $2.9B exceeds total debt of $321M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 241.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.06 | 0.10 | 0.09 | 0.28 | 0.30 | 0.36 | 0.38 | 0.28 | 0.27 |
| Debt / EBITDA | 0.04 | 0.04 | 0.27 | 0.61 | 0.60 | 0.95 | 1.10 | 1.77 | 2.41 | 1.43 | 1.44 |
| Net Debt / Equity | — | -0.10 | 0.02 | 0.09 | 0.05 | 0.25 | 0.23 | 0.30 | 0.31 | 0.15 | 0.15 |
| Net Debt / EBITDA | -0.32 | -0.32 | 0.08 | 0.51 | 0.33 | 0.85 | 0.84 | 1.46 | 1.99 | 0.77 | 0.80 |
| Debt / FCF | — | -0.60 | 0.17 | 1.76 | 1.49 | 3.79 | 2.96 | — | — | — | 2.57 |
| Interest Coverage | 241.37 | 241.37 | 32.87 | 25.28 | 17.65 | 11.91 | 9.38 | 8.43 | -1.90 | 5.60 | 4.79 |
Net cash position: cash ($2.9B) exceeds total debt ($321M)
AEM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Agnico Eagle Mines Limited's current ratio of 2.02x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.33x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.09x to 2.02x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.02 | 2.02 | 1.86 | 2.09 | 2.30 | 1.71 | 2.42 | 1.42 | 2.97 | 4.38 | 2.90 |
| Quick Ratio | 1.33 | 1.33 | 0.86 | 0.74 | 1.03 | 0.56 | 1.20 | 0.67 | 1.60 | 2.88 | 1.86 |
| Cash Ratio | 1.16 | 1.16 | 0.62 | 0.33 | 0.71 | 0.25 | 0.79 | 0.43 | 1.06 | 2.30 | 1.51 |
| Asset Turnover | — | 0.35 | 0.28 | 0.24 | 0.23 | 0.38 | 0.34 | 0.29 | 0.26 | 0.30 | 0.30 |
| Inventory Turnover | 2.93 | 2.93 | 3.05 | 3.35 | 3.20 | 3.01 | 3.63 | 3.36 | 3.57 | 3.54 | 4.00 |
| Days Sales Outstanding | — | 6.34 | 8.35 | 10.00 | 9.52 | 9.77 | 9.19 | 12.79 | 21.27 | 17.15 | 1.41 |
AEM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Agnico Eagle Mines Limited returns 1.7% to shareholders annually — split between a 0.9% dividend yield and 0.8% buyback yield. The payout ratio of 16.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 0.9% | 1.7% | 2.4% | 2.7% | 2.1% | 1.1% | 0.7% | 0.9% | 0.7% | 0.8% |
| Payout Ratio | 16.3% | 16.3% | 35.4% | 32.3% | 94.5% | 49.4% | 35.3% | 21.8% | — | 30.5% | 45.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 5.2% | 4.8% | 7.2% | 2.9% | 4.3% | 3.0% | 3.2% | — | 2.3% | 1.7% |
| FCF Yield | 5.1% | 5.0% | 5.4% | 3.5% | 2.4% | 3.1% | 2.5% | — | — | — | 2.8% |
| Buyback Yield | 0.8% | 0.8% | 0.4% | 0.2% | 0.5% | 0.3% | 0.0% | 0.0% | 0.3% | 0.2% | 0.2% |
| Total Shareholder Yield | 1.7% | 1.7% | 2.1% | 2.6% | 3.2% | 2.4% | 1.1% | 0.7% | 1.2% | 0.9% | 0.9% |
| Shares Outstanding | — | $503M | $501M | $490M | $439M | $245M | $243M | $238M | $233M | $232M | $226M |
Peer Comparison
Compare AEM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AEMYou | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 WPM | $56B | 37.3 | 28.2 | 97.0 | 72.2% | 68.8% | 18.8% | 17.4% | 0.0 |
 KGC | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 EGO | $7B | 13.2 | 6.7 | — | 44.9% | 41.5% | 12.6% | 13.3% | 1.2 |
 IAG | $10B | 14.6 | 6.6 | 12.9 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 BTG | $6B | 15.4 | 3.3 | 87.0 | 50.0% | 45.9% | 12.1% | 30.0% | 0.3 |
 HL | $11B | 32.6 | 15.2 | 34.5 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 AGI | $15B | 17.3 | 14.6 | 56.3 | 54.3% | 44.5% | 22.2% | 15.9% | 0.2 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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AEM — Frequently Asked Questions
Quick answers to the most common questions about buying AEM stock.
What is Agnico Eagle Mines Limited's P/E ratio?
Agnico Eagle Mines Limited's current P/E ratio is 18.8x. The historical average is 42.6x. This places it at the 6th percentile of its historical range.
What is Agnico Eagle Mines Limited's EV/EBITDA?
Agnico Eagle Mines Limited's current EV/EBITDA is 10.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.0x.
What is Agnico Eagle Mines Limited's ROE?
Agnico Eagle Mines Limited's return on equity (ROE) is 19.6%. The historical average is 1.0%.
Is AEM stock overvalued?
Based on historical data, Agnico Eagle Mines Limited is trading at a P/E of 18.8x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Agnico Eagle Mines Limited's dividend yield?
Agnico Eagle Mines Limited's current dividend yield is 0.87% with a payout ratio of 16.3%.
What are Agnico Eagle Mines Limited's profit margins?
Agnico Eagle Mines Limited has 58.1% gross margin and 53.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Agnico Eagle Mines Limited have?
Agnico Eagle Mines Limited's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.