Pan American Silver Corp. (PAAS) P/E Ratio History
Historical price-to-earnings valuation from 2004 to 2026
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PAAS Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Pan American Silver Corp. (PAAS) trades at a price-to-earnings ratio of 22.1x, with a stock price of $57.81 and trailing twelve-month earnings per share of $3.02.
The current P/E is 59% below its 5-year average of 53.6x. Over the past five years, PAAS's P/E has ranged from a low of 16.6x to a high of 213.5x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.4x, PAAS is roughly in line with its sector peers. The sector includes 125 companies with P/E ratios ranging from 2.0x to 144.2x.
The PEG ratio of 0.88 (P/E divided by 742% EPS growth) suggests the stock may be undervalued 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, PAAS trades roughly in line with the S&P 500 median P/E of 25.1x. 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 PAAS 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.
PAAS P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $11B | 61.1 | 2.34 | +203% | |
| $12B | 36.9 | - | +766%Best | |
| $12B | 20.1 | 0.39 | +500% | |
| $126B | 17.7 | 1.38 | +124% | |
| $94B | 21.2 | 0.63 | +134% | |
| $60B | 40.0 | 1.77 | +181% | |
| $36B | 15.3 | 1.23 | +158% | |
| $51B | 19.3 | 1.12 | +123% | |
| $3B | 11.6Lowest | 0.23Best | +120% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PAAS Historical P/E Data (2004–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $54.63 | $3.13 | 17.5x | -68% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $51.81 | $2.51 | 20.6x | -62% |
| FY2025 Q3 | $38.73 | $1.72 | 22.5x | -58% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $28.40 | $1.44 | 19.7x | -63% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $25.83 | $0.86 | 30.0x | -44% |
| FY2024 Q4 | $20.22 | $0.31 | 64.2x | +19% | |
| FY2022 Q1 | $27.30 | $0.87 | 31.4x | -42% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $24.97 | $0.47 | 52.8x | -2% |
| FY2021 Q3 | $23.27 | $1.20 | 19.3x | -64% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $28.57 | $1.41 | 20.2x | -62% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $30.03 | $1.17 | 25.6x | -52% |
| FY2020 Q4 | $34.51 | $0.84 | 41.1x | -24% |
Average P/E for displayed period: 53.9x
Full PAAS Stock Analysis
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Start ComparisonPAAS — Frequently Asked Questions
Quick answers to the most common questions about buying PAAS stock.
Is PAAS stock overvalued or undervalued?
PAAS trades at 22.1x P/E, below its 5-year average of 53.6x. At the 40th percentile of historical range, the stock is priced at a discount to its own history.
How does PAAS's valuation compare to peers?
Pan American Silver Corp. P/E of 22.1x compares to sector median of 23.4x. The discount suggests lower growth expectations or higher risk.
What is PAAS's PEG ratio?
PAAS PEG ratio is 0.88. Below 1.0 indicates valuation is supported by earnings growth rate. Historical P/E data spans 2004-2026.