Pan American SilverTSX:PAAS -3.84%81 EBITDA Margin % is 67.42% as of Mar. 2026, which is 100% above its 10-year median of 33.66. GuruFocus rates TSX:PAAS with a GF Score™ of 81/100 and a GF Value™ of C$45.86 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 841 Metals & Mining companies, Pan American Silver ranks better than 88.47% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Pan American Silver's EBITDA for the
three
months ended in Mar. 2026 was C$1,067 Mil. Pan American Silver's Revenue for the
three
months ended in Mar. 2026 was C$1,583 Mil. Therefore, Pan American Silver's EBITDA margin for the quarter that ended in Mar. 2026 was 67.42%.
Pan American Silver (TSX:PAAS) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Pan American Silver EBITDA Margin % Related Terms
Pan American Silver EBITDA Margin % Historical Data
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The historical data trend for Pan American Silver's EBITDA Margin % 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.
TSX:PAAS vs NEM, AU, CDE: EBITDA Margin % Comparison
For the Gold subindustry, Pan American Silver's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Pan American Silver's EBITDA Margin % 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 EBITDA Margin % of 67.42% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Pan American Silver and its competitors. This is 100% above median its historical median of 33.66. Over the past decade, Pan American Silver's EBITDA Margin % has ranged from 1.36 to 55.57. According to the industry distribution chart, Pan American Silver ranks #97 out of 841 companies in the Metals & Mining industry, placing it in the top 11.5%.
Is Pan American Silver's EBITDA Margin % too high?
Pan American Silver's current EBITDA Margin % of 67.42% is 100% above median its 10-year median of 33.66. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 55.57. The Metals & Mining industry median EBITDA Margin % is 8.89. Pan American Silver's value of 67.42% is 658.4% above this industry median. Based on the distribution chart, Pan American Silver ranks #97 out of 841 companies in the Metals & Mining industry, which is in the top quartile — a strong position 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 EBITDA Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #97 out of 841 companies for EBITDA Margin %. This places Pan American Silver in the top 12% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.89. Pan American Silver's value of 67.42% is 658.4% above this benchmark. Historically, Pan American Silver's own EBITDA Margin % has ranged from 1.36 to 55.57 over the past decade. While the company's 10-year median is 33.66 vs. the industry median of 8.89, 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 EBITDA Margin % for a Metals & Mining company?
The median EBITDA Margin % among Metals & Mining companies is 8.89, based on 841 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current EBITDA Margin % of 67.42% is 658.4% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median EBITDA Margin % is 8.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current EBITDA Margin % is 67.42%, which is 100% above median its own 10-year median of 33.66. 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$45.86, compared to a current price of C$63.15 — trading 37.7% above its estimated fair value. The current EBITDA Margin % is 67.42%, which is 100% above median its 10-year median of 33.66 and 658.4% above the Metals & Mining industry median of 8.89. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current EBITDA Margin % is 67.42% 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$63.15 is trading 37.7% above its estimated GF Value™ of C$45.86.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for TSX:PAAS:
EBITDA Margin %: 67.42% (100% above median its 10-year median of 33.66)
GF Value™: C$45.86 vs. price of C$63.15 (37.7% above fair value)
Industry Position: 658.4% above the Metals & Mining median (#97 of 841)
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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