McEwen Mining Inc. (MUX) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Other Precious Metals
EV/EBITDA
61.74
+17% vs avg
5yr avg: 52.97
30Y Low43.9·High53.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low21.5·High142.4
P/B Ratio
↑
1.92
↑+87% vs avg
5yr avg: 1.03
30Y Low0.5·High37.0
ROE
↑
6.6%
↓+227% vs avg
5yr avg: -5.2%
30Y Low-264%·High13%
Debt/EBITDA
0.05
+0% vs avg
5yr avg: 0.05
30Y Low0.1·High0.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MUX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
McEwen Mining Inc. trades at 32.8x earnings, 75% above its 5-year average of 18.8x, sitting at the 50th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a premium of 39%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.0B | $397M | $343M | $278M | $403M | $397M | $460M | $614M | $716M | $874M |
| Enterprise Value | $1.1B | $950M | $425M | $362M | $305M | $402M | $430M | $470M | $654M | $689M | $837M |
| P/E Ratio → | 32.85 | 31.37 | — | 6.22 | — | — | — | — | — | — | 41.57 |
| P/S Ratio | 5.86 | 5.06 | 2.28 | 2.06 | 2.52 | 2.95 | 3.79 | 3.93 | 4.77 | 10.57 | 14.48 |
| P/B Ratio | 1.92 | 1.83 | 0.80 | 0.68 | 0.78 | 1.03 | 1.09 | 0.92 | 1.26 | 1.37 | 1.97 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 48.50 |
| P/OCF | 168.65 | 145.72 | 13.48 | — | — | — | — | — | 1260.55 | — | 34.72 |
P/E links to full P/E history page with 30-year chart
MUX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
McEwen Mining Inc.'s enterprise value stands at 61.7x EBITDA, 17% above its 5-year average of 53.0x. The Basic Materials sector median is 11.0x, placing the stock at a 461% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.81 | 2.44 | 2.18 | 2.76 | 2.95 | 4.11 | 4.01 | 5.07 | 10.17 | 13.86 |
| EV / EBITDA | 61.74 | 52.97 | — | — | — | — | — | — | — | — | 44.21 |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | 349.30 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 46.43 |
MUX Profitability
Margins and return-on-capital ratios measuring operating efficiency
McEwen Mining Inc. earns an operating margin of -6.5%, below the Basic Materials sector average of 10.3%. Operating margins have expanded from -97.5% to -6.5% over the past 3 years, signaling improving operational efficiency. ROE of 6.6% is modest.
Margins
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 | 11.0% | 11.0% | 17.7% | 10.7% | -0.5% | -4.7% | -25.7% | 7.7% | 24.9% | 27.6% | 41.2% |
| Operating Margin | -6.5% | -6.5% | -29.0% | -97.5% | -86.4% | -47.1% | -146.2% | -54.6% | -36.6% | -38.8% | 25.4% |
| Net Profit Margin | 17.4% | 17.4% | -25.0% | 33.3% | -73.4% | -41.5% | -145.4% | -51.1% | -34.8% | -15.7% | 34.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | -8.8% | 12.9% | -21.7% | -15.0% | -35.2% | -12.1% | -8.9% | -2.2% | 4.9% |
| ROA | 4.6% | 4.6% | -6.6% | 9.3% | -15.2% | -10.9% | -26.5% | -9.5% | -7.4% | -2.0% | 4.3% |
| ROIC | -1.9% | -1.9% | -7.3% | -26.9% | -18.5% | -12.2% | -25.3% | -9.3% | -6.9% | -4.4% | 2.9% |
| ROCE | -1.9% | -1.9% | -8.1% | -30.2% | -20.6% | -13.6% | -29.0% | -10.9% | -8.3% | -5.1% | 3.3% |
MUX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
McEwen Mining Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (98% below the sector average of 2.4x). The company holds a net cash position — cash of $51M exceeds total debt of $926000, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.09 | 0.08 | 0.19 | 0.14 | 0.15 | 0.11 | 0.11 | 0.00 | — |
| Debt / EBITDA | 0.05 | 0.05 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.09 | 0.06 | 0.04 | 0.07 | -0.00 | 0.09 | 0.02 | 0.08 | -0.05 | -0.08 |
| Net Debt / EBITDA | -2.79 | -2.79 | — | — | — | — | — | — | — | — | -1.98 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | -2.08 |
| Interest Coverage | -1.79 | -1.79 | -2.75 | — | -12.61 | -9.35 | -19.68 | -8.33 | -28.43 | -27.22 | 2.87 |
Net cash position: cash ($51M) exceeds total debt ($926000)
MUX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.69x means McEwen Mining Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.27x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.76x to 1.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 0.86 | 1.76 | 0.97 | 1.62 | 1.17 | 1.88 | 1.65 | 2.31 | 3.82 |
| Quick Ratio | 1.27 | 1.27 | 0.48 | 1.09 | 0.59 | 1.32 | 0.58 | 1.10 | 1.04 | 1.46 | 2.52 |
| Cash Ratio | 1.13 | 1.13 | 0.31 | 0.83 | 0.49 | 1.12 | 0.46 | 0.99 | 0.52 | 0.93 | 2.23 |
| Asset Turnover | — | 0.24 | 0.26 | 0.25 | 0.21 | 0.26 | 0.21 | 0.18 | 0.21 | 0.11 | 0.12 |
| Inventory Turnover | 6.55 | 6.55 | 7.93 | 7.44 | 3.50 | 9.06 | 4.89 | 2.82 | 4.36 | 1.53 | 1.33 |
| Days Sales Outstanding | — | — | 8.79 | 5.51 | 9.48 | 9.91 | 6.30 | 8.29 | — | — | — |
MUX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
McEwen Mining Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | — | — | — | — | — | — | — | — | 0.5% | 0.4% | 0.3% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 14.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.2% | — | 16.1% | — | — | — | — | — | — | 2.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.4% | 0.4% |
| Shares Outstanding | — | $54M | $51M | $48M | $47M | $45M | $40M | $36M | $34M | $31M | $30M |
Peer Comparison
Compare MUX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MUXYou | $1B | 32.8 | 61.7 | — | 11.0% | -6.5% | 6.6% | -1.9% | 0.1 |
 EXK | $3B | -20.0 | 91.0 | — | 11.0% | 6.0% | -22.8% | 3.8% | 8.6 |
 HL | $11B | 32.6 | 15.2 | 34.5 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 PAAS | $21B | 18.8 | 11.8 | 19.1 | 37.7% | 32.3% | 17.0% | 15.7% | 0.5 |
 AG | $9B | 51.4 | 13.2 | 25.3 | 34.8% | 27.8% | 7.4% | 13.1% | 0.5 |
 AEM | $83B | 18.8 | 10.2 | 19.6 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $32B | 13.4 | 7.2 | 12.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 AU | $46B | 17.5 | 8.3 | 14.8 | 46.5% | 45.1% | 28.6% | 35.9% | 0.4 |
 IAG | $10B | 14.6 | 6.6 | 12.9 | 41.2% | 38.9% | 17.7% | 19.1% | 0.5 |
 NGD | $7B | 64.9 | 17.7 | 59.1 | 53.2% | 44.4% | 57.9% | 29.5% | 0.4 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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MUX — Frequently Asked Questions
Quick answers to the most common questions about buying MUX stock.
What is McEwen Mining Inc.'s P/E ratio?
McEwen Mining Inc.'s current P/E ratio is 32.8x. The historical average is 32.2x. This places it at the 50th percentile of its historical range.
What is McEwen Mining Inc.'s EV/EBITDA?
McEwen Mining Inc.'s current EV/EBITDA is 61.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 47.0x.
What is McEwen Mining Inc.'s ROE?
McEwen Mining Inc.'s return on equity (ROE) is 6.6%. The historical average is -40.1%.
Is MUX stock overvalued?
Based on historical data, McEwen Mining Inc. is trading at a P/E of 32.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are McEwen Mining Inc.'s profit margins?
McEwen Mining Inc. has 11.0% gross margin and -6.5% operating margin.
How much debt does McEwen Mining Inc. have?
McEwen Mining Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.