Latest Ratios: P/E Ratio 21.5x · EV/EBITDA 19.3x · ROE 26.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.9B | $11.6B | $2.3B | $1.1B | $925M | $1.3B | $2.5B | $1.8B | $843M | $1.4B | $1.5B |
| Enterprise Value | $19.7B | $11.4B | $2.8B | $1.6B | $1.4B | $1.7B | $2.7B | $2.0B | $1.2B | $1.6B | $1.6B |
| P/E Ratio → | 21.47 | 19.81 | 38.13 | — | — | — | 94.09 | — | — | — | 26.74 |
| P/S Ratio | 9.62 | 5.61 | 2.18 | 1.36 | 1.18 | 1.51 | 3.20 | 2.48 | 1.35 | 1.95 | 2.60 |
| P/B Ratio | 3.80 | 3.50 | 2.04 | 1.09 | 1.04 | 1.57 | 3.62 | 2.65 | 0.99 | 1.69 | 1.93 |
| P/FCF | 29.91 | 17.43 | — | — | — | — | 50.79 | — | — | 19.26 | 59.90 |
| P/OCF | 22.45 | 13.08 | 13.16 | 16.62 | 36.09 | 11.41 | 16.88 | 19.24 | 48.40 | 6.63 | 11.81 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.51 | 2.69 | 1.96 | 1.77 | 2.04 | 3.44 | 2.84 | 1.90 | 2.26 | 2.76 |
| EV / EBITDA | 19.28 | 11.16 | 9.28 | 20.80 | 16.06 | 5.13 | 7.22 | 7.32 | 4.72 | 4.68 | 5.12 |
| EV / EBIT | 26.27 | 16.00 | 15.44 | — | — | 23.20 | 26.95 | — | — | 40.97 | 33.33 |
| EV / FCF | — | 17.15 | — | — | — | — | 54.73 | — | — | 22.31 | 63.63 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 39.3% | 39.3% | 39.4% | 16.3% | 17.6% | 34.0% | 39.2% | 19.9% | 26.9% | 35.3% | 38.8% |
| Operating Margin | 36.3% | 36.3% | 15.6% | -4.7% | -5.0% | 23.0% | 29.5% | 11.9% | 17.8% | 26.3% | 31.5% |
| Net Profit Margin | 28.3% | 28.3% | 5.6% | -12.6% | -9.9% | -3.8% | 3.3% | -48.0% | -7.7% | -0.2% | 9.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.4% | 26.4% | 5.5% | -10.8% | -9.2% | -4.2% | 3.8% | -44.9% | -5.8% | -0.2% | 9.3% |
| ROA | 16.7% | 16.7% | 2.7% | -5.3% | -4.4% | -2.0% | 1.8% | -22.1% | -2.8% | -0.1% | 4.2% |
| ROIC | 23.5% | 23.5% | 7.7% | -2.0% | -2.3% | 13.5% | 19.2% | 6.0% | 7.5% | 15.1% | 17.7% |
| ROCE | 23.9% | 23.9% | 8.7% | -2.3% | -2.5% | 14.4% | 19.7% | 6.2% | 7.4% | 13.9% | 15.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.54 | 0.54 | 0.59 | 0.62 | 0.42 | 0.46 | 0.54 | 0.50 | 0.27 |
| Debt / EBITDA | 0.36 | 0.36 | 1.97 | 7.16 | 6.09 | 1.50 | 0.77 | 1.12 | 1.83 | 1.20 | 0.68 |
| Net Debt / Equity | — | -0.06 | 0.49 | 0.48 | 0.52 | 0.55 | 0.28 | 0.38 | 0.40 | 0.27 | 0.12 |
| Net Debt / EBITDA | -0.18 | -0.18 | 1.79 | 6.37 | 5.38 | 1.33 | 0.52 | 0.92 | 1.37 | 0.64 | 0.30 |
| Debt / FCF | — | -0.28 | — | — | — | — | 3.95 | — | — | 3.06 | 3.72 |
| Interest Coverage | 23.06 | 23.06 | 3.59 | -1.35 | -1.78 | 4.46 | 4.85 | -3.79 | -0.66 | 2.38 | 1.28 |
Net cash position: cash ($554M) exceeds total debt ($365M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.00 | 2.00 | 0.83 | 0.92 | 1.37 | 1.23 | 1.15 | 1.10 | 1.84 | 1.97 | 3.52 |
| Quick Ratio | 1.58 | 1.58 | 0.31 | 0.38 | 0.71 | 0.67 | 0.61 | 0.46 | 0.97 | 1.39 | 2.17 |
| Cash Ratio | 1.41 | 1.41 | 0.17 | 0.21 | 0.43 | 0.24 | 0.40 | 0.29 | 0.71 | 0.84 | 1.39 |
| Asset Turnover | — | 0.44 | 0.46 | 0.39 | 0.43 | 0.48 | 0.56 | 0.52 | 0.37 | 0.42 | 0.43 |
| Inventory Turnover | 7.69 | 7.69 | 3.73 | 4.41 | 4.47 | 4.15 | 3.79 | 4.67 | 3.24 | 3.48 | 2.22 |
| Days Sales Outstanding | — | 12.05 | 10.36 | 13.79 | 16.88 | 14.21 | 10.91 | 9.58 | 17.35 | 9.81 | 34.09 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 5.0% | 2.6% | — | — | — | 1.1% | — | — | — | 3.7% |
| FCF Yield | 3.3% | 5.7% | — | — | — | — | 2.0% | — | — | 5.2% | 1.7% |
| Buyback Yield | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $651M | $401M | $343M | $275M | $250M | $243M | $219M | $189M | $184M | $163M |
Includes 30+ ratios · 30 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CDE stock.
Coeur Mining, Inc.'s current P/E ratio is 21.5x. The historical average is 44.4x. This places it at the 22th percentile of its historical range.
Coeur Mining, Inc.'s current EV/EBITDA is 19.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Coeur Mining, Inc.'s return on equity (ROE) is 26.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -26.6%.
Based on historical data, Coeur Mining, Inc. is trading at a P/E of 21.5x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Coeur Mining, Inc. has 39.3% gross margin and 36.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Coeur Mining, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
EPS miss and merger integration
Metrics are mathematically derived from official filings.
Margin Expansion at Rochester
Gross margin surged to 49.4% in 2026Q2 from 31.0% in 2024Q2, per financial statements, reflecting the Rochester expansion and higher metal prices, though sustainability warrants monitoring.
The 49.4% gross margin in 2026Q2, up from 22.9% in 2024Q1, indicates significant operating leverage from the Rochester ramp-up. However, the 2026Q2 net margin of 11.2% is well below the 48.1% in 2025Q3, suggesting one-time charges or acquisition costs. Investors should monitor whether margin expansion is durable or tied to peak grades and metal prices.
ROIC Volatility Masks Underlying Improvement
ROIC swung from -0.2% in 2024Q1 to 8.2% in 2025Q4, then dipped to 1.6% in 2026Q2, per reported data, indicating cyclicality but a clear upward trend post-expansion.
The sharp improvement in ROIC from negative levels in early 2024 to 8.2% by 2025Q4 reflects the completion of the Rochester expansion and higher metal prices. The subsequent decline to 1.6% in 2026Q2 may be due to a larger asset base from acquisitions and timing of earnings. This suggests the company is transitioning from a capital-intensive build phase to a more efficient capital deployment phase, though the full benefit may take several quarters to materialize.
Working Capital Cycle Lengthens
Cash conversion cycle extended to 73 days in 2026Q2 from 14 days in 2025Q4, per reported figures, driven by higher DIO of 109 days, indicating increased inventory on leach pads.
The CCC expansion from 14 days in 2025Q4 to 73 days in 2026Q2 is primarily due to a jump in DIO from 47 to 109 days, likely reflecting metal on leach pads at Rochester. This is a natural consequence of the heap leach process, but investors should monitor whether recovery rates align with management estimates. The DSO of 7 days is efficient, and DPO of 43 days provides some supplier leverage, but the inventory build warrants attention.
Leverage Drops to Fortress Levels
Debt-to-equity fell from 0.62 in 2024Q2 to 0.07 in 2026Q2, per financial statements, with interest coverage at 20.5x, indicating a dramatically strengthened balance sheet.
The de-leveraging is remarkable: D/E dropped from 0.62 to 0.07 over two years, and D/EBITDA improved from 13.05 to 1.51. Interest coverage of 20.5x in 2026Q2, up from 1.65x in 2024Q2, suggests debt service is highly comfortable. This provides significant financial flexibility for the pending New Gold merger and potential capital returns, though the EPS miss indicates some integration costs may be ahead.
Liquidity Buffer Strengthens
Current ratio improved to 3.65 in 2026Q2 from 0.83 in 2024Q4, per reported data, with cash of $1.1B, providing ample coverage for short-term obligations.
The current ratio of 3.65 and quick ratio of 2.44 in 2026Q2 indicate a robust liquidity position, a stark contrast to the 0.83 current ratio in 2024Q4. This improvement is driven by cash accumulation from strong operating cash flow and equity raises. Under a severe commodity price downturn, this buffer would likely sustain operations and debt service, though the high inventory component (DIO of 109 days) could be a source of write-downs if metal prices fall.
Misapplied P/E on Cyclical Earnings
The trailing P/E of 20.5 and forward P/E of 12.68, per reported data, may mislead investors because earnings are highly cyclical and include one-time items, obscuring normalized earning power.
For a precious metals miner, P/E is often misapplied because earnings fluctuate with commodity prices and include non-recurring gains or charges. The 2026Q2 EPS miss of $0.12 vs. $0.36 estimate, per reported data, highlights the volatility. Instead, investors should use EV/EBITDA or P/NAV, which better capture the value of reserves and the impact of the Franco-Nevada stream. The forward EV/EBITDA of 14.68 suggests the market is pricing in continued growth, but the sustainability of margins and cash flows is key.