First Majestic Silver Corp. (AG) P/E Ratio History
Historical price-to-earnings valuation from 2009 to 2025
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AG Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, First Majestic Silver Corp. (AG) trades at a price-to-earnings ratio of 60.5x, with a stock price of $21.18 and trailing twelve-month earnings per share of $0.35.
The current P/E is 96% below its 5-year average of 1703.3x. 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 22.9x, AG trades at a 164% premium to its sector peers. The sector includes 125 companies with P/E ratios ranging from 2.1x to 135.9x.
The PEG ratio of 2.32 (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 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $24B | 21.7 | 0.86 | +742% | |
| $12B | 37.0 | - | +766%Best | |
| $12B | 20.8 | 0.40Best | +500% | |
| $95B | 21.4 | 0.64 | +134% | |
| $37B | 15.5Lowest | 1.25 | +158% | |
| $50B | 19.0 | 1.10 | +123% | |
| $61B | 40.9 | 1.81 | +181% | |
| $128B | 18.0 | 1.40 | +124% | |
| $431B | 49.2 | 1.75 | -15% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AG Historical P/E Data (2009–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $16.66 | $0.34 | 49.1x | -96% |
| FY2025 Q3 | $12.29 | $0.12 | 98.9x | -92% | |
| FY2022 Q1 | $13.16 | $0.00 | 32900.0x | +2489% | |
| FY2021 Q3 | $11.30 | $0.15 | 76.2x | -94% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $15.81 | $0.36 | 43.9x | -97% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $15.58 | $0.25 | 61.7x | -95% |
| FY2020 Q4 | $13.44 | $0.09 | 145.3x | -89% | |
| FY2017 Q3 | Sat Sep 30 2017 00:00:00 GM | $6.84 | $0.03 | 207.3x | -84% |
| FY2017 Q2 | Fri Jun 30 2017 00:00:00 GM | $8.31 | $0.09 | 91.3x | -93% |
| FY2017 Q1 | Fri Mar 31 2017 00:00:00 GM | $8.12 | $0.12 | 67.1x | -95% |
| FY2016 Q4 | Sat Dec 31 2016 00:00:00 GM | $7.63 | $0.05 | 143.2x | -89% |
| FY2013 Q3 | Mon Sep 30 2013 00:00:00 GM | $11.86 | $0.56 | 21.1x | -98% |
Average P/E for displayed period: 1270.9x
Full AG Stock Analysis
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Start ComparisonAG — Frequently Asked Questions
Quick answers to the most common questions about buying AG stock.
Is AG stock overvalued or undervalued?
AG trades at 60.5x P/E, below its 5-year average of 1703.3x. At the 55th percentile of historical range, the stock is priced at a discount to its own history.
How does AG's valuation compare to peers?
First Majestic Silver Corp. P/E of 60.5x compares to sector median of 22.9x. The premium reflects expected growth above peers.
What is AG's PEG ratio?
AG PEG ratio is 2.32. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2009-2025.