Pan American SilverTSX:PAAS +0.99%81 Days Payable is 32.67 as of Mar. 2026, which is 24% above its 10-year median of 26.33. 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 1,065 Metals & Mining companies, Pan American Silver ranks worse than 86.2% on this metric.
The historical rank and industry rank for Pan American Silver's Days Payable or its related term are showing as below:
TSX:PAAS'
s Days Payable Range Over the Past 10 Years
Min: 19.56 Med: 26.33 Max: 31.93
Current: 30.26
During the past 13 years, Pan American Silver's highest Days Payable was 31.93. The lowest was 19.56. And the median was 26.33.
TSX:PAAS's Days Payable is ranked worse than 86.2% of 1065
companies
in the Metals & Mining industry
Industry Median: 127.26
vs TSX:PAAS: 30.26
Pan American Silver's Days Payable
increased
from Mar. 2025 (31.27) to Mar. 2026 (32.67).
It may suggest that Pan American Silverdelayed paying its suppliers.
Pan American Silver Days Payable Related Terms
Pan American Silver Days Payable Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Days Payable 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 Payable, along with its competitors' market caps and Days Payable 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 Payable vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Days Payable distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Pan American Silver's Days Payable for the fiscal year that ended in Dec. 2025 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.
Pan American Silver (TSX:PAAS) has a Days Payable of 32.67 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pan American Silver and its competitors. This is 24% above median its historical median of 26.33. Over the past decade, Pan American Silver's Days Payable has ranged from 19.56 to 31.93. According to the industry distribution chart, Pan American Silver ranks #918 out of 1065 companies in the Metals & Mining industry, placing it in the top 86.2%.
Is Pan American Silver's Days Payable too high?
Pan American Silver's current Days Payable of 32.67 is 24% above median its 10-year median of 26.33. Over the past 10 years, this metric has ranged from a low of 19.56 to a high of 31.93. The Metals & Mining industry median Days Payable is 127.26. Pan American Silver's value of 32.67 is 74.3% below this industry median. Based on the distribution chart, Pan American Silver ranks #918 out of 1065 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. 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 Payable compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #918 out of 1065 companies for Days Payable. This places Pan American Silver in the lower half of its industry. The industry median Days Payable is 127.26. Pan American Silver's value of 32.67 is 74.3% below this benchmark. Historically, Pan American Silver's own Days Payable has ranged from 19.56 to 31.93 over the past decade. While the company's 10-year median is 26.33 vs. the industry median of 127.26, Pan American Silver has consistently been below 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 Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.26, based on 1,065 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current Days Payable of 32.67 is 74.3% below 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 Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median Days Payable is 127.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Days Payable is 32.67, which is 24% above median its own 10-year median of 26.33. 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$64.47 — trading 40.5% above its estimated fair value. The current Days Payable is 32.67, which is 24% above median its 10-year median of 26.33 and 74.3% below the Metals & Mining industry median of 127.26. 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 Payable calculated?
Days Payable is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current Days Payable is 32.67 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$64.47 is trading 40.5% 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 Payable: 32.67 (24% above median its 10-year median of 26.33)
GF Value™: C$45.90 vs. price of C$64.47 (40.5% above fair value)
Industry Position: 74.3% below the Metals & Mining median (#918 of 1065)
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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