Pan American SilverTSX:PAAS -1.71%81 Days Inventory is 103.72 as of Mar. 2026, which is 10% below its 10-year median of 115.88. GuruFocus rates TSX:PAAS with a GF Score™ of 81/100 and a GF Value™ of C$45.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 681 Metals & Mining companies, Pan American Silver ranks worse than 56.39% on this metric.
The historical rank and industry rank for Pan American Silver's Days Inventory or its related term are showing as below:
TSX:PAAS'
s Days Inventory Range Over the Past 10 Years
Min: 92 Med: 115.88 Max: 142.18
Current: 99.46
During the past 13 years, Pan American Silver's highest Days Inventory was 142.18. The lowest was 92.00. And the median was 115.88.
TSX:PAAS's Days Inventory is ranked worse than 56.39% of 681
companies
in the Metals & Mining industry
Industry Median: 85.61
vs TSX:PAAS: 99.46
Pan American Silver's Days Inventory
declined
from Mar. 2025 (104.54) to Mar. 2026 (103.72).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Pan American Silver's Inventory Turnover for the
three
months ended in Mar. 2026 was 0.88.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pan American Silver's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.54.
Pan American Silver (TSX:PAAS) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Pan American Silver's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Pan American Silver's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Pan American Silver Days Inventory Related Terms
Pan American Silver Days Inventory Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Days Inventory 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.
For the Gold subindustry, Pan American Silver's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Days Inventory distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Days Inventory falls into.
* 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 (TSX:PAAS) has a Days Inventory of 103.72 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Pan American Silver and its competitors. This is 10% below median its historical median of 115.88. Over the past decade, Pan American Silver's Days Inventory has ranged from 92.00 to 142.18. According to the industry distribution chart, Pan American Silver ranks #384 out of 681 companies in the Metals & Mining industry, placing it in the top 56.4%.
Is Pan American Silver's Days Inventory too high?
Pan American Silver's current Days Inventory of 103.72 is 10% below median its 10-year median of 115.88. Over the past 10 years, this metric has ranged from a low of 92.00 to a high of 142.18. The Metals & Mining industry median Days Inventory is 85.61. Pan American Silver's value of 103.72 is 21.2% above this industry median. Based on the distribution chart, Pan American Silver ranks #384 out of 681 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Pan American Silver has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Days Inventory compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #384 out of 681 companies for Days Inventory. This places Pan American Silver in the lower half of its industry. The industry median Days Inventory is 85.61. Pan American Silver's value of 103.72 is 21.2% above this benchmark. Historically, Pan American Silver's own Days Inventory has ranged from 92.00 to 142.18 over the past decade. While the company's 10-year median is 115.88 vs. the industry median of 85.61, Pan American Silver has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Metals & Mining company?
The median Days Inventory among Metals & Mining companies is 85.61, based on 681 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current Days Inventory of 103.72 is 21.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median Days Inventory is 85.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Days Inventory is 103.72, which is 10% below median its own 10-year median of 115.88. 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 (TSX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$45.90, compared to a current price of C$63.37 — trading 38.1% above its estimated fair value. The current Days Inventory is 103.72, which is 10% below median its 10-year median of 115.88 and 21.2% above the Metals & Mining industry median of 85.61. Pan American Silver's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current Days Inventory is 103.72 as of Mar. 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 (TSX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of C$63.37 is trading 38.1% above its estimated GF Value™ of C$45.90.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for TSX:PAAS:
Days Inventory: 103.72 (10% below median its 10-year median of 115.88)
GF Value™: C$45.90 vs. price of C$63.37 (38.1% above fair value)
Industry Position: 21.2% above the Metals & Mining median (#384 of 681)
No single metric tells the full story. See the TSX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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