McEwen Mining Inc. (MUX) P/E Ratio History
UndervaluedTrading at 32.8x vs 5Y avg 46.2x · 55th percentile · Below historical baseline · Data 1993–2026
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P/E Ratio Analysis
As of June 22, 2026, McEwen Mining Inc. (MUX) trades at a price-to-earnings ratio of 32.8x, with a stock price of $19.38 and trailing twelve-month earnings per share of $1.02.
The current P/E is 29% below its 5-year average of 46.2x. Over the past five years, MUX's P/E has ranged from a low of 4.3x to a high of 202.7x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, MUX trades at a 39% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 184.0x.
Relative to the broader market, MUX commands a significant premium over the S&P 500 median P/E of 24.4x. 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 MUX 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.
MUX Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
MUX P/E vs Peers
Gold and Silver Miners and Developers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $11B | 32.6 | - | +766%Best | |
| $11B | 19.5 | 0.37 | +500% | |
| $21B | 18.8 | 0.75 | +742% | |
| $9B | 51.4 | 1.97 | +203% | |
| $83B | 18.8 | 0.56 | +134% | |
| $32B | 13.4Lowest | 1.08 | +158% | |
| $46B | 17.5 | 1.01 | +123% | |
| $10B | 14.6 | 0.22Best | -23% | |
| $7B | 64.9 | - | +671% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
MUX Historical P/E Data (1993–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $20.42 | $1.18 | 17.3x | -59% |
| FY2025 Q4 | Dec 31 2025 | $18.51 | $0.59 | 31.5x | -25% |
| FY2024 Q3 | Sep 30 2024 | $9.30 | $2.18 | 4.3x | -90% |
| FY2024 Q2 | Jun 30 2024 | $9.18 | $1.83 | 5.0x | -88% |
| FY2024 Q1 | Mar 31 2024 | $9.86 | $1.63 | 6.0x | -86% |
| FY2023 Q4 | Dec 31 2023 | $7.21 | $1.27 | 5.7x | -87% |
| FY2017 Q1 | Mar 31 2017 | $30.40 | $0.15 | 202.7x | +381% |
| FY2016 Q4 | Dec 31 2016 | $29.10 | $0.65 | 44.8x | +6% |
| FY2016 Q3 | Sep 30 2016 | $36.70 | $0.30 | 122.3x | +190% |
| FY2016 Q2 | - | $38.50 | $0.30 | 128.3x | +205% |
| FY1997 Q2 | Jun 30 1997 | $9.69 | $0.27 | 35.9x | -15% |
| FY1997 Q1 | Mar 31 1997 | $10.63 | $0.33 | 32.1x | -24% |
| FY1996 Q4 | - | $14.40 | $0.33 | 43.5x | +3% |
| FY1996 Q1 | Mar 31 1996 | $11.88 | $0.30 | 40.2x | -5% |
| FY1995 Q4 | Dec 31 1995 | $11.56 | $0.44 | 26.5x | -37% |
| FY1995 Q3 | Sep 30 1995 | $11.88 | $0.39 | 30.8x | -27% |
| FY1995 Q2 | Jun 30 1995 | $7.80 | $0.29 | 26.9x | -36% |
| FY1995 Q1 | Mar 31 1995 | $6.88 | $0.10 | 72.0x | +71% |
| FY1994 Q4 | Dec 31 1994 | $3.80 | $0.10 | 39.8x | -6% |
| FY1994 Q3 | Sep 30 1994 | $4.40 | $0.52 | 8.5x | -80% |
| FY1993 Q2 | Jun 30 1993 | $5.56 | $24.37 | 0.2x | -99% |
| FY1993 Q1 | Mar 31 1993 | $4.40 | $2.09 | 2.1x | -95% |
Average P/E for displayed period: 42.1x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MUX — Frequently Asked Questions
Quick answers to the most common questions about buying MUX stock.
What is MUX's P/E ratio?
McEwen Mining Inc. (MUX) trailing twelve-month P/E ratio is 32.8x, based on TTM diluted EPS of $1.02. The 5-year average P/E is 46.2x and the historical range spans 4.3x to 202.7x.
Is MUX stock overvalued or undervalued?
MUX trades at 32.8x P/E, below its 5-year average of 46.2x. At the 55th percentile of its historical range (4.3x–202.7x), the stock is priced at a discount to its own history.
Is MUX stock expensive?
No, MUX is not expensive on a historical basis. The current P/E of 32.8x is below the 5-year average of 46.2x and sits at the 55th percentile of its valuation range.
What is MUX's historical P/E range?
Over the past 5 years, MUX's P/E ratio has ranged from 4.3x to 202.7x, with a median of 32.1x and an average of 46.2x. The current P/E of 32.8x places the stock at the 55th percentile of this range. Full historical data spans 1993–2026.
How does MUX's P/E compare to the S&P 500?
MUX trades at 32.8x P/E versus the S&P 500 median of 24.4x. The 34% premium to the market typically reflects higher expected earnings growth or quality.
How does MUX's valuation compare to Basic Materials peers?
McEwen Mining Inc. P/E of 32.8x compares to the Basic Materials sector median of 23.6x. 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 MUX's PEG ratio?
MUX PEG ratio is N/A, based on a P/E of 32.8x and EPS growth of 168.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is MUX's earnings yield?
MUX earnings yield is 3.04%, the inverse of its 32.8x 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.