Pan American SilverXSWX:PAAS 80 Debt-to-Equity is 0.12 as of Mar. 2026, which is 50% above its 10-year median of 0.08. GuruFocus rates XSWX:PAAS with a GF Score™ of 80/100 and a GF Value™ of CHF15.66. The stock has 3 warning signs investors should review. Among 1,220 Metals & Mining companies, Pan American Silver ranks better than 54.02% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Pan American Silver's Debt-to-Equity or its related term are showing as below:
XSWX:PAAS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.24
Current: 0.12
During the past 13 years, the highest Debt-to-Equity Ratio of Pan American Silver was 0.24. The lowest was 0.00. And the median was 0.08.
XSWX:PAAS's Debt-to-Equity is ranked better than 54.02% of 1220
companies
in the Metals & Mining industry
Industry Median: 0.15
vs XSWX:PAAS: 0.12
Pan American Silver (XSWX:PAAS) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Pan American Silver Debt-to-Equity Related Terms
Pan American Silver Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Debt-to-Equity 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 Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Debt-to-Equity 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 (XSWX:PAAS) has a Debt-to-Equity of 0.12 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pan American Silver and its competitors. This is 50% above median its historical median of 0.08. According to the industry distribution chart, Pan American Silver ranks #561 out of 1220 companies in the Metals & Mining industry, placing it in the top 46%.
Is Pan American Silver's Debt-to-Equity too high?
Pan American Silver's current Debt-to-Equity of 0.12 is 50% above median its 10-year median of 0.08. The Metals & Mining industry median Debt-to-Equity is 0.15. Pan American Silver's value of 0.12 is 20% below this industry median. Based on the distribution chart, Pan American Silver ranks #561 out of 1220 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Pan American Silver has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #561 out of 1220 companies for Debt-to-Equity. This puts Pan American Silver in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Pan American Silver's value of 0.12 is 20% below this benchmark. While the company's 10-year median is 0.08 vs. the industry median of 0.15, 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 Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,220 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current Debt-to-Equity of 0.12 is 20% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Debt-to-Equity is 0.12, which is 50% above median its own 10-year median of 0.08. 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?
Pan American Silver (XSWX:PAAS) has a current Debt-to-Equity of 0.12. The stock's GF Value™ is CHF15.66, compared to a current price of CHF37.73 — trading 140.9% above its estimated fair value. The current Debt-to-Equity is 0.12, which is 50% above median its 10-year median of 0.08 and 20% below the Metals & Mining industry median of 0.15. Pan American Silver's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pan American Silver (XSWX:PAAS), the current Debt-to-Equity is 0.12 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 (XSWX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of CHF37.73 is trading 140.9% above its estimated GF Value™ of CHF15.66.
Key valuation signals for XSWX:PAAS:
Debt-to-Equity: 0.12 (50% above median its 10-year median of 0.08)
GF Value™: CHF15.66 vs. price of CHF37.73 (140.9% above fair value)
Industry Position: 20% below the Metals & Mining median (#561 of 1220)
No single metric tells the full story. See the XSWX: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.
80GF Score
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