First Majestic Silver Corp. (AG) P/E Ratio History
UndervaluedTrading at 55.5x vs 5Y avg 1704.3x · 55th percentile · Below historical baseline · Data 2009–2026
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P/E Ratio Analysis
As of June 21, 2026, First Majestic Silver Corp. (AG) trades at a price-to-earnings ratio of 55.5x, with a stock price of $19.42 and trailing twelve-month earnings per share of $0.59.
The current P/E is 97% below its 5-year average of 1704.3x. Over the past five years, AG's P/E has ranged from a low of 16.7x to a high of 32900.0x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.2x, AG trades at a 139% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 191.4x.
The PEG ratio of 2.13 (P/E divided by 203% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AG commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AG DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AG P/E vs Peers
Primary silver and gold producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $22B | 19.9 | 0.79 | +742% | |
| $11B | 34.1 | - | +766%Best | |
| $12B | 20.9 | 0.40Best | +500% | |
| $88B | 19.8 | 0.59 | +134% | |
| $34B | 14.1Lowest | 1.14 | +158% | |
| $47B | 18.1 | 1.05 | +123% | |
| $58B | 39.0 | 1.73 | +181% | |
| $120B | 16.9 | 1.32 | +124% | |
| $440B | 50.2 | 1.79 | -15% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AG Historical P/E Data (2009–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $21.48 | $0.58 | 36.8x | -97% |
| FY2025 Q4 | Dec 31 2025 | $16.66 | $0.34 | 49.1x | -96% |
| FY2025 Q3 | - | $12.29 | $0.12 | 98.9x | -92% |
| FY2022 Q1 | - | $13.16 | $0.00 | 32900.0x | +2582% |
| FY2021 Q3 | - | $11.30 | $0.15 | 76.2x | -94% |
| FY2021 Q2 | Jun 30 2021 | $15.81 | $0.36 | 43.9x | -96% |
| FY2021 Q1 | Mar 31 2021 | $15.58 | $0.25 | 61.7x | -95% |
| FY2020 Q4 | - | $13.44 | $0.09 | 145.3x | -88% |
| FY2017 Q3 | Sep 30 2017 | $6.84 | $0.03 | 207.3x | -83% |
| FY2017 Q2 | Jun 30 2017 | $8.31 | $0.09 | 91.3x | -93% |
| FY2017 Q1 | Mar 31 2017 | $8.12 | $0.12 | 67.1x | -95% |
| FY2016 Q4 | Dec 31 2016 | $7.63 | $0.05 | 143.2x | -88% |
| FY2013 Q3 | Sep 30 2013 | $11.86 | $0.56 | 21.1x | -98% |
| FY2013 Q2 | Jun 30 2013 | $10.59 | $0.63 | 16.8x | -99% |
| FY2013 Q1 | Mar 31 2013 | $16.17 | $0.77 | 21.0x | -98% |
| FY2012 Q4 | Dec 31 2012 | $20.19 | $0.78 | 25.9x | -98% |
| FY2012 Q3 | Sep 30 2012 | $23.17 | $0.79 | 29.3x | -98% |
| FY2012 Q2 | Jun 30 2012 | $14.45 | $0.84 | 17.2x | -99% |
| FY2012 Q1 | Mar 31 2012 | $16.58 | $0.99 | 16.7x | -99% |
| FY2011 Q4 | Dec 31 2011 | $16.84 | $0.98 | 17.2x | -99% |
| FY2011 Q3 | Sep 30 2011 | $15.21 | $0.91 | 16.7x | -99% |
| FY2011 Q2 | - | $18.44 | $0.75 | 24.6x | -98% |
| FY2011 Q1 | - | $21.24 | $0.58 | 36.6x | -97% |
| FY2010 Q4 | Dec 31 2010 | $14.52 | $0.38 | 38.3x | -97% |
| FY2010 Q3 | - | $6.82 | $0.27 | 24.9x | -98% |
| FY2010 Q2 | Jun 30 2010 | $4.03 | $0.19 | 20.9x | -98% |
| FY2010 Q1 | Mar 31 2010 | $3.13 | $0.08 | 38.3x | -97% |
| FY2009 Q4 | - | $3.94 | $0.06 | 65.4x | -95% |
Average P/E for displayed period: 1226.8x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AG — Frequently Asked Questions
Quick answers to the most common questions about buying AG stock.
What is AG's P/E ratio?
First Majestic Silver Corp. (AG) trailing twelve-month P/E ratio is 55.5x, based on TTM diluted EPS of $0.59. The 5-year average P/E is 1704.3x and the historical range spans 16.7x to 32900.0x.
Is AG stock overvalued or undervalued?
AG trades at 55.5x P/E, below its 5-year average of 1704.3x. At the 55th percentile of its historical range (16.7x–32900.0x), the stock is priced at a discount to its own history.
Is AG stock expensive?
No, AG is not expensive on a historical basis. The current P/E of 55.5x is below the 5-year average of 1704.3x and sits at the 55th percentile of its valuation range.
What is AG's historical P/E range?
Over the past 5 years, AG's P/E ratio has ranged from 16.7x to 32900.0x, with a median of 49.1x and an average of 1704.3x. The current P/E of 55.5x places the stock at the 55th percentile of this range. Full historical data spans 2009–2026.
How does AG's P/E compare to the S&P 500?
AG trades at 55.5x P/E versus the S&P 500 median of 25.1x. The 121% premium to the market typically reflects higher expected earnings growth or quality.
How does AG's valuation compare to Basic Materials peers?
First Majestic Silver Corp. P/E of 55.5x compares to the Basic Materials sector median of 23.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AG's PEG ratio?
AG PEG ratio is 2.13, based on a P/E of 55.5x and EPS growth of 202.9%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is AG's earnings yield?
AG earnings yield is 1.80%, the inverse of its 55.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.