Pan American Silver (MEX:PAASN) Cyclically Adjusted Revenue per Share: MXN156.54 (As of Jun. 2026)

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MEX:PAASN Pan American Silver Corp MEX:PAASN
72 GF Score
Price MXN829.00
GF Value MXN675.81
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Pan American Silver Cyclically Adjusted Revenue per Share?

Pan American Silver MEX:PAASN -5.31% 72 Cyclically Adjusted Revenue per Share is MXN156.54 as of Jun. 2026. GuruFocus rates MEX:PAASN with a GF Score™ of 72/100 and a GF Value™ of MXN675.81 (Modestly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Pan American Silver's adjusted revenue per share for the three months ended in Jun. 2026 was MXN46.515. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is MXN156.54 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Pan American Silver's average Cyclically Adjusted Revenue Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Pan American Silver was 18.60% per year. The lowest was 4.00% per year. And the median was 6.80% per year.

As of today (2026-09-16), Pan American Silver's current stock price is MXN829.00. Pan American Silver's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN156.54. Pan American Silver's Cyclically Adjusted PS Ratio of today is 5.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Pan American Silver was 9.17. The lowest was 1.95. And the median was 3.42.


Pan American Silver  (MEX:PAASN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Pan American Silver's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=829.00/156.54
=5.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Pan American Silver was 9.17. The lowest was 1.95. And the median was 3.42.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Pan American Silver Cyclically Adjusted Revenue per Share Related Terms


Pan American Silver Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Pan American Silver's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pan American Silver Cyclically Adjusted Revenue per Share Chart

Pan American Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.98 120.38 128.21 136.22 148.43

Pan American Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 143.64 146.04 148.90 153.41 156.54

MEX:PAASN vs NEM, AU: Cyclically Adjusted Revenue per Share Comparison

For the Gold subindustry, Pan American Silver's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pan American Silver Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pan American Silver's Cyclically Adjusted PS Ratio falls into.


MEX:PAASN
72GF Score
Pan American Silver Corp MEX:PAASN
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan American Silver Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Pan American Silver's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=46.515/133.5265*133.5265
=46.515

Current CPI (Jun. 2026) = 133.5265.

Pan American Silver Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 28.703 101.765 37.662
201612 24.770 101.449 32.602
201703 26.343 102.634 34.272
201706 24.341 103.029 31.546
201709 22.176 103.345 28.652
201712 27.925 103.345 36.080
201803 25.248 105.004 32.106
201806 27.356 105.557 34.605
201809 23.242 105.636 29.378
201812 22.410 105.399 28.390
201903 27.586 106.979 34.432
201906 31.076 107.690 38.532
201909 32.630 107.611 40.488
201912 37.096 107.769 45.962
202003 34.250 107.927 42.374
202006 27.683 108.401 34.099
202009 31.568 108.164 38.970
202012 42.097 108.559 51.779
202103 35.638 110.298 43.143
202106 36.360 111.720 43.457
202109 43.822 112.905 51.826
202112 41.639 113.774 48.868
202203 42.841 117.646 48.624
202206 32.430 120.806 35.845
202209 32.586 120.648 36.064
202212 35.089 120.964 38.733
202303 34.559 122.702 37.608
202306 31.077 124.203 33.410
202309 28.859 125.230 30.771
202312 32.251 125.072 34.431
202403 28.038 126.258 29.652
202406 32.603 127.522 34.138
202409 37.336 127.285 39.167
202412 45.119 127.364 47.302
202503 43.520 129.181 44.984
202506 43.779 129.892 45.004
202509 42.024 130.287 43.069
202512 51.129 130.366 52.368
202603 48.027 132.262 48.486
202606 46.515 133.527 46.515

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of MXN156.54 mean?
Pan American Silver (MEX:PAASN) has a Cyclically Adjusted Revenue per Share of MXN156.54 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pan American Silver and its competitors.
Is Pan American Silver's Cyclically Adjusted Revenue per Share too high?
Pan American Silver's current Cyclically Adjusted Revenue per Share is MXN156.54. Overall, Pan American Silver has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Cyclically Adjusted Revenue per Share compare to NEM and AU?
Pan American Silver's Cyclically Adjusted Revenue per Share of MXN156.54 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Metals & Mining company?
A good Cyclically Adjusted Revenue per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pan American Silver and its competitors. Pan American Silver's current Cyclically Adjusted Revenue per Share is MXN156.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan American Silver stock overvalued right now?
Based on GuruFocus' analysis, Pan American Silver (MEX:PAASN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN675.81, compared to a current price of MXN829.00 — trading 22.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN156.54. Pan American Silver's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Pan American Silver (MEX:PAASN), the current Cyclically Adjusted Revenue per Share is MXN156.54 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pan American Silver (MEX:PAASN) Overvalued in 2026?

Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued. The current stock price of MXN829.00 is trading 22.7% above its estimated GF Value™ of MXN675.81. GuruFocus considers Pan American Silver to be Modestly Overvalued.

Key valuation signals for MEX:PAASN:

  • Cyclically Adjusted Revenue per Share: MXN156.54
  • GF Value™: MXN675.81 vs. price of MXN829.00 (22.7% above fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the MEX:PAASN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan American Silver Business Description

Address 733 Seymour Street, Suite 2100, Vancouver Centre II, Vancouver, BC, CAN, V6B0S6
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
72GF Score

Get the complete analysis for MEX:PAASN

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN829.00
Price
MXN675.81
GF Value