Last 48 quarters of trend data · Basic Materials · Silver Miners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.09 | 29.48 | 19.27 | 21.48 | 24.50 | 56.79 | 18.80 | 341.33 | — | — | — | — | 41.89 | — | — | — | — | — | — | 118.77 | — |
| — | -48.1% | +2.5% | -93.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -69.5% | — | |
| P/S Ratio | 4.26 | 5.55 | 5.12 | 5.73 | 4.34 | 5.28 | 3.82 | 3.10 | 2.39 | 3.07 | 3.16 | 3.96 | 3.22 | 2.75 | 2.69 | 3.14 | 3.75 | 3.13 | 2.96 | 5.51 | 3.48 |
| — | +5.2% | +34.1% | +84.7% | +81.8% | +71.9% | +20.7% | -21.7% | -25.8% | +11.7% | +17.3% | +26.3% | -14.1% | -12.3% | -8.9% | -43.1% | +8.0% | -46.1% | -53.1% | -37.0% | -47.4% | |
| P/B Ratio | 2.32 | 2.55 | 2.52 | 3.24 | 2.58 | 2.01 | 1.39 | 1.08 | 1.23 | 1.31 | 1.26 | 1.26 | 1.30 | 1.10 | 1.15 | 1.49 | 1.58 | 1.49 | 1.38 | 2.40 | 2.02 |
| — | +26.6% | +81.0% | +200.5% | +110.7% | +53.5% | +10.6% | -14.5% | -5.6% | +19.3% | +9.1% | -15.2% | -17.5% | -26.2% | -16.6% | -38.2% | -21.9% | -28.4% | -50.2% | -41.3% | -44.6% | |
| P/FCF | 11.45 | 177.57 | 10.94 | 14.59 | 7.83 | 27.43 | 24.89 | — | 7.26 | 56.34 | — | — | — | — | — | — | — | — | — | — | 14.64 |
| — | +547.3% | -56.1% | — | +7.8% | -51.3% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -85.7% | |
| EV / EBITDA | 6.77 | 9.76 | 7.86 | 8.68 | 6.64 | 10.92 | 8.57 | 7.47 | 6.97 | 12.94 | 25.93 | 66.08 | 14.14 | 38.82 | 29.77 | — | 132.60 | 23.58 | 12.61 | 29.07 | 10.56 |
| — | -10.7% | -8.3% | +16.2% | -4.7% | -15.6% | -67.0% | -88.7% | -50.7% | -66.7% | -12.9% | — | -89.3% | +64.6% | +136.2% | — | +1155.9% | -37.7% | -39.1% | +6.4% | -39.6% | |
| EV / EBIT | 19.65 | 11.96 | 9.61 | 10.37 | 7.14 | 20.73 | 22.60 | 22.07 | 19.65 | 207.44 | — | — | — | — | — | — | — | — | — | — | 26.14 |
| — | -42.3% | -57.5% | -53.0% | -63.7% | -90.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -7.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 43.0% | 64.2% | 55.3% | 50.6% | 34.6% | 18.6% | 25.9% | 27.8% | 19.4% | 11.3% | -0.3% | 29.4% | 9.7% | 0.8% | -4.1% | 13.1% | 22.1% | 27.2% | 27.1% | 39.6% |
| — | +24.4% | +244.5% | +113.1% | +81.8% | +78.1% | +64.9% | +8711.5% | -5.2% | +99.3% | +1363.8% | +92.6% | +124.3% | -56.0% | -97.2% | -115.1% | -67.0% | -5.8% | -25.0% | -31.3% | -10.9% | |
| Operating Margin | 27.8% | 37.7% | 47.5% | 49.5% | 45.3% | 27.5% | 14.9% | 14.4% | 14.8% | 2.8% | -10.5% | -18.1% | 1.8% | -13.6% | -12.8% | -91.5% | -16.8% | -9.6% | 2.1% | -1.6% | 13.8% |
| — | +37.2% | +218.8% | +243.0% | +206.2% | +874.9% | +242.4% | +179.9% | +736.3% | +120.8% | +18.2% | +80.3% | +110.6% | -41.7% | -697.5% | -5661.6% | -221.5% | -9.3% | -79.8% | -110.3% | -45.5% | |
| Net Margin | 13.1% | 18.8% | 26.3% | 26.9% | 17.9% | 9.4% | 21.4% | 2.5% | -7.8% | -18.1% | -35.3% | -12.7% | 7.5% | -20.3% | -11.9% | -63.9% | -11.3% | -13.0% | -52.7% | 4.6% | -1.9% |
| — | +100.1% | +23.2% | +959.4% | +330.5% | +152.0% | +160.6% | +119.9% | -204.1% | +10.8% | -196.5% | +80.1% | +165.8% | -56.7% | +77.4% | -1475.1% | -485.6% | +12.3% | -620.7% | +151.7% | -106.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.4% | 2.2% | 3.3% | 3.9% | 2.7% | 0.9% | 2.0% | 0.3% | -1.0% | -1.9% | -3.6% | -1.0% | 0.8% | -2.0% | -1.3% | -7.3% | -1.2% | -1.5% | -6.0% | 0.5% | -0.3% |
| — | +139.2% | +65.5% | +1204.3% | +376.7% | +147.2% | +155.5% | +129.7% | -230.3% | +3.3% | -174.5% | +86.3% | +162.1% | -30.9% | +78.4% | -1535.7% | -330.9% | -15.9% | -534.3% | +135.7% | -106.8% | |
| ROA | 5.0% | 1.5% | 2.2% | 2.7% | 1.9% | 0.6% | 1.4% | 0.2% | -0.7% | -1.3% | -2.4% | -0.7% | 0.5% | -1.4% | -0.9% | -4.9% | -0.8% | -1.0% | -4.0% | 0.3% | -0.2% |
| — | +130.8% | +60.8% | +1178.7% | +377.8% | +148.3% | +156.9% | +130.1% | -230.8% | +2.0% | -179.0% | +86.0% | +164.5% | -35.2% | +78.2% | -1537.6% | -324.8% | -12.3% | -522.3% | +127.9% | -106.7% | |
| ROIC | 13.1% | 4.2% | 5.6% | 6.5% | 5.8% | 2.1% | 1.1% | 1.3% | 1.4% | 0.2% | -0.7% | -1.0% | 0.1% | -0.9% | -1.0% | -7.2% | -1.3% | -0.8% | 0.2% | -0.1% | 1.5% |
| — | +97.7% | +419.4% | +403.1% | +330.0% | +902.8% | +249.8% | +234.1% | +996.9% | +122.8% | +24.5% | +86.6% | +109.8% | -18.6% | -649.6% | -5442.9% | -183.6% | -33.5% | -84.4% | -109.0% | -48.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.08 | 0.08 | 0.08 | 0.18 | 0.17 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 | 0.19 | 0.17 | 0.15 | 0.16 |
| — | +23.3% | +21.6% | +14.5% | -43.4% | -53.5% | -56.6% | -56.7% | -7.1% | -11.0% | +0.4% | -0.3% | +7.4% | -0.5% | +11.8% | +24.1% | +12.1% | +19.1% | +20.2% | -23.3% | -18.5% | |
| Debt / EBITDA | 0.49 | 1.62 | 1.34 | 1.08 | 1.08 | 1.77 | 2.06 | 2.38 | 3.90 | 6.40 | 14.45 | 36.72 | 7.64 | 24.92 | 18.03 | — | 56.65 | 11.49 | 5.71 | 7.41 | 3.30 |
| — | -8.1% | -34.8% | -54.6% | -72.3% | -72.4% | -85.7% | -93.5% | -49.0% | -74.3% | -19.8% | — | -86.5% | +116.9% | +215.9% | — | +1618.2% | -0.7% | +38.0% | +36.8% | -12.9% | |
| Current Ratio | 2.60 | 2.51 | 2.57 | 2.73 | 2.60 | 3.38 | 3.27 | 3.19 | 2.56 | 3.03 | 3.05 | 2.33 | 2.57 | 2.97 | 2.89 | 2.31 | 2.21 | 1.88 | 2.46 | 2.24 | 2.30 |
| — | -25.8% | -21.4% | -14.6% | +1.6% | +11.5% | +6.9% | +37.0% | -0.6% | +2.0% | +5.7% | +0.9% | +16.3% | +57.7% | +17.2% | +3.1% | -3.8% | -35.2% | -19.9% | -34.1% | -34.4% | |
| Quick Ratio | 2.41 | 2.33 | 2.38 | 2.54 | 2.41 | 2.96 | 2.84 | 2.74 | 2.12 | 2.45 | 2.44 | 1.77 | 2.04 | 2.37 | 2.43 | 1.81 | 1.83 | 1.51 | 1.98 | 1.82 | 1.95 |
| — | -21.2% | -16.4% | -7.2% | +13.7% | +20.8% | +16.4% | +55.2% | +3.9% | +3.5% | +0.6% | -2.2% | +11.9% | +57.0% | +22.8% | -1.0% | -6.3% | -36.8% | -26.4% | -39.8% | -38.8% | |
| Interest Coverage | 27.69 | 26.41 | 56.21 | 41.35 | 63.56 | 16.32 | 8.58 | 7.89 | 6.16 | 0.51 | -2.60 | -4.70 | -46.42 | -3.81 | -3.84 | -36.78 | -7.67 | -4.40 | -1.56 | -1.59 | 3.41 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AG stock.
First Majestic Silver Corp.'s current P/E is 19.1x. The average P/E over the last 4 quarters is 23.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Majestic Silver Corp.'s current operating margin is 27.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking First Majestic Silver Corp.'s business trajectory between earnings reports.