Latest Ratios: P/E Ratio 23.0x · EV/EBITDA 8.7x · 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 | $15.9B | $11.6B | $2.3B | $1.1B | $925M | $1.3B | $2.5B | $1.8B | $843M | $1.4B | $1.5B |
| Enterprise Value | $15.8B | $11.4B | $2.8B | $1.6B | $1.4B | $1.7B | $2.7B | $2.0B | $1.2B | $1.6B | $1.6B |
| P/E Ratio → | 22.96 | 19.81 | 38.13 | — | — | — | 94.09 | — | — | — | 26.74 |
| P/S Ratio | 4.43 | 5.61 | 2.18 | 1.36 | 1.18 | 1.51 | 3.20 | 2.48 | 1.35 | 1.95 | 2.60 |
| P/B Ratio | 3.04 | 3.50 | 2.04 | 1.09 | 1.04 | 1.57 | 3.62 | 2.65 | 0.99 | 1.69 | 1.93 |
| P/FCF | 13.20 | 17.43 | — | — | — | — | 50.79 | — | — | 19.26 | 59.90 |
| P/OCF | 17.98 | 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 | 8.70 | 11.39 | 9.82 | 26.38 | 19.21 | 5.32 | 7.22 | 7.33 | 4.73 | 4.68 | 5.20 |
| EV / EBIT | 20.98 | 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 | 2.08 | 9.09 | 7.29 | 1.56 | 0.77 | 1.12 | 1.83 | 1.20 | 0.69 |
| 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 | -0.19 | -0.19 | 1.89 | 8.08 | 6.44 | 1.38 | 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 | 4.4% | 5.0% | 2.6% | — | — | — | 1.1% | — | — | — | 3.7% |
| FCF Yield | 7.6% | 5.7% | — | — | — | — | 2.0% | — | — | 5.2% | 1.7% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 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
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
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 23.0x. 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 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
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 23.0x. 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
Commodity price and earnings slippage
Metrics are mathematically derived from official filings.
Multiples Pricing Silver Beta Premium
Based on reported figures, CDE trades at a 17.19 trailing P/E and 15.40 EV/EBITDA, which sits above the sector's 9.92 and 4.64 EV/EBITDA levels for PAAS and FSM, suggesting the market is paying for growth and silver optionality rather than current earnings.
A forward P/E of 16.11 and forward EV/EBITDA of 11.03 imply the market expects earnings and EBITDA to step up, yet the latest quarter's EPS miss against roughly $0.40 expected weakens confidence in that trajectory. The PEG of 0.33 looks cheap only if the 96.4% revenue growth proves durable, which the decelerating quarterly trend does not yet confirm. Investors should monitor whether the multiple compresses toward peers as the growth rate normalizes.
Margins Strong But Price-Dependent
As reported in financial statements, CDE's gross margin peaked at 55.1% in 2025Q3 before settling at 52.4% in 2026Q3, while operating margin fell from 51.2% in 2025Q4 to 17.7%, indicating earning power that is highly sensitive to metal prices.
The gap between the 52.4% gross margin and 17.7% operating margin suggests that costs below the gross line, including D&A and exploration, absorb a large share of revenue in the latest quarter. Net margin of 11.1% versus 48.1% a year earlier reflects both price normalization and non-recurring swings, so no single period represents clean earning power. Relative to HL's 22.6% and PAAS's 27.0% net margins, CDE's current figure appears compressed, warranting adjustment for one-off items before drawing conclusions.
Returns Compressed From Peak Levels
Based on CDE's reported figures, ROE fell from 9.0% in 2025Q3 to 1.1% in 2026Q3 and ROIC from 8.2% in 2025Q4 to 1.3%, a sharp decay that partly reflects the enlarged equity base following consolidation.
The decline in ROIC appears driven more by the expansion of invested capital, with total assets rising from $2.2B to $15.2B, than by a collapse in operations alone. Returns sitting below the peer group's 15.5% to 19.3% ROIC range suggest the newly acquired asset base has not yet contributed proportionately to earnings. Whether this reflects integration lag or structural lower returns on the acquired assets warrants further investigation.
Low Debt Burden Despite Scale
According to reported financials, CDE's debt-to-equity ratio of 0.07 and debt-to-EBITDA of 1.63 indicate modest leverage, with interest coverage of 17.09 providing ample margin over current interest obligations.
Debt-to-equity fell from 0.54 in 2024Q4 to 0.07 as equity grew faster than borrowings, which suggests the balance sheet has been de-risked through consolidation rather than debt reduction alone. Coverage remains strong, though the trend from 53.12 in 2026Q1 to 17.09 shows that the earnings cushion has narrowed. Investors should monitor coverage if earnings continue to slip, as the current comfort level depends on sustained operating profit.
Cash Flow Strength May Overstate Durability
Based on reported figures, the latest quarter's EPS of $0.11 against roughly $0.40 expected, combined with operating cash flow of 3.53x net income, suggests headline cash generation may be masking weaker earnings quality if realized prices fall further.
The strong cash conversion appears largely explained by D&A of $261.2M, which lifts operating cash flow relative to reported net income without indicating durable profitability. Free cash flow margin fell from 35.7% to 24.4% as CapEx rose to 14.8% of revenue, which may signal a shift toward growth spending that compresses near-term cash returns. The most commonly misapplied metric here is operating cash flow multiples, which can flatter a capital-intensive miner whose reserves require continuous reinvestment; free cash flow after sustaining capex and reserve replacement offers a more conservative view.