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Pan American SilverMEX:PAASN -2.65%72 EV-to-OCF is 9.95 as of Aug. 01, 2026, which is 25% below its 10-year median of 13.29. GuruFocus rates MEX:PAASN with a GF Score™ of 72/100 and a GF Value™ of MXN578.63 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,670 Metals & Mining companies, Pan American Silver ranks worse than 88.09% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Pan American Silver's Enterprise Value is MXN301,568 Mil.
Pan American Silver's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was MXN30,307 Mil. Therefore, Pan American Silver's EV-to-OCF for today is 9.95.
The historical rank and industry rank for Pan American Silver's EV-to-OCF or its related term are showing as below:
MEX:PAASN'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.02 Med: 13.29 Max: 419.57
Current: 10.64
During the past 13 years, the highest EV-to-OCF of Pan American Silver was 419.57. The lowest was 8.02. And the median was 13.29.
MEX:PAASN's EV-to-OCF is ranked worse than 88.09% of 2670
companies
in the Metals & Mining industry
Industry Median: -8.44
vs MEX:PAASN: 10.64
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.
Pan American Silver (MEX:PAASN) EV-to-OCF Explanation
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.
Pan American Silver's PE Ratio (TTM) for today is calculated as:
Pan American Silver's share price for today is MXN742.00.
Pan American Silver's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN56.550.
* 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.
Pan American Silver EV-to-OCF Related Terms
Pan American Silver EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Pan American Silver'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, Pan American Silver'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.
Pan American Silver EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Pan American Silver's EV-to-OCF falls into.
Pan American Silver's current Enterprise Value is MXN301,568 Mil.
Pan American Silver's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN30,307 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.
Pan American Silver (MEX:PAASN) has a EV-to-OCF of 9.95 as of Aug. 01, 2026. This is 25% below median its historical median of 13.29. Over the past decade, Pan American Silver's EV-to-OCF has ranged from 8.02 to 419.57. According to the industry distribution chart, Pan American Silver ranks #2352 out of 2670 companies in the Metals & Mining industry, placing it in the top 88.1%.
Is Pan American Silver's EV-to-OCF too high?
Pan American Silver's current EV-to-OCF of 9.95 is 25% below median its 10-year median of 13.29. Over the past 10 years, this metric has ranged from a low of 8.02 to a high of 419.57. Based on the distribution chart, Pan American Silver ranks #2352 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Pan American Silver has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's EV-to-OCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #2352 out of 2670 companies for EV-to-OCF. This places Pan American Silver in the lower half of its industry. Historically, Pan American Silver's own EV-to-OCF has ranged from 8.02 to 419.57 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. Pan American Silver's current EV-to-OCF is 9.95, which is 25% below median its own 10-year median of 13.29. 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 (MEX:PAASN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN578.63, compared to a current price of MXN742.00 — trading 28.2% above its estimated fair value. The current EV-to-OCF is 9.95, which is 25% below median its 10-year median of 13.29. Pan American Silver's overall GF Score™ is 72/100 with 3 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 Pan American Silver (MEX:PAASN), the current EV-to-OCF is 9.95 as of Aug. 01, 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 (MEX:PAASN) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of MXN742.00 is trading 28.2% above its estimated GF Value™ of MXN578.63.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for MEX:PAASN:
EV-to-OCF: 9.95 (25% below median its 10-year median of 13.29)
GF Value™: MXN578.63 vs. price of MXN742.00 (28.2% above fair value)
No single metric tells the full story. See the MEX:PAASN 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.
72GF Score
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