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Agnico Eagle MinesAEM +1.24%88 EV-to-OCF is 12.42 as of Aug. 17, 2026, which is 7% below its 10-year median of 13.38. GuruFocus rates AEM with a GF Score™ of 88/100 and a GF Value™ of $169.83 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,666 Metals & Mining companies, Agnico Eagle Mines ranks worse than 88.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Agnico Eagle Mines's Enterprise Value is $92,118 Mil.
Agnico Eagle Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $7,417 Mil. Therefore, Agnico Eagle Mines's EV-to-OCF for today is 12.42.
The historical rank and industry rank for Agnico Eagle Mines's EV-to-OCF or its related term are showing as below:
AEM'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.28 Med: 13.38 Max: 29.77
Current: 12.42
During the past 13 years, the highest EV-to-OCF of Agnico Eagle Mines was 29.77. The lowest was 8.28. And the median was 13.38.
AEM's EV-to-OCF is ranked worse than 88.37% of 2666
companies
in the Metals & Mining industry
Industry Median: -8.815
vs AEM: 12.42
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Agnico Eagle Mines's PE Ratio (TTM) for today is calculated as:
Agnico Eagle Mines's share price for today is $188.78.
Agnico Eagle Mines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.690.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Agnico Eagle Mines EV-to-OCF Related Terms
Agnico Eagle Mines EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines's EV-to-OCF 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, Agnico Eagle Mines's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Agnico Eagle Mines EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's EV-to-OCF falls into.
Agnico Eagle Mines's current Enterprise Value is $92,118 Mil.
Agnico Eagle Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,417 Mil.
* 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.
Agnico Eagle Mines (AEM) has a EV-to-OCF of 12.42 as of Aug. 17, 2026. This is near median its historical median of 13.38. Over the past decade, Agnico Eagle Mines' EV-to-OCF has ranged from 8.28 to 29.77. According to the industry distribution chart, Agnico Eagle Mines ranks #2356 out of 2666 companies in the Metals & Mining industry, placing it in the top 88.4%.
Is Agnico Eagle Mines' EV-to-OCF too high?
Agnico Eagle Mines' current EV-to-OCF of 12.42 is near median its 10-year median of 13.38. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 29.77. Based on the distribution chart, Agnico Eagle Mines ranks #2356 out of 2666 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #2356 out of 2666 companies for EV-to-OCF. This places Agnico Eagle Mines in the lower half of its industry. Historically, Agnico Eagle Mines' own EV-to-OCF has ranged from 8.28 to 29.77 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Metals & Mining company?
A good EV-to-OCF depends on the Metals & Mining industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. Agnico Eagle Mines's current EV-to-OCF is 12.42, which is near median its own 10-year median of 13.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (AEM) is currently considered Modestly Overvalued. The stock's GF Value™ is $169.83, compared to a current price of $188.78 — trading 11.2% above its estimated fair value. The current EV-to-OCF is 12.42, which is near median its 10-year median of 13.38. Agnico Eagle Mines' overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Agnico Eagle Mines (AEM), the current EV-to-OCF is 12.42 as of Aug. 17, 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 Agnico Eagle Mines (AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued.
The current stock price of $188.78 is trading 11.2% above its estimated GF Value™ of $169.83.
GuruFocus considers Agnico Eagle Mines to be Modestly Overvalued.
Key valuation signals for AEM:
EV-to-OCF: 12.42 (near median its 10-year median of 13.38)
GF Value™: $169.83 vs. price of $188.78 (11.2% above fair value)
No single metric tells the full story. See the AEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
88GF Score
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