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First Majestic SilverXSWX:AG +7.24%29 EV-to-OCF is 12.01 as of Aug. 20, 2026, which is 50% below its 10-year median of 24.13. GuruFocus rates XSWX:AG with a GF Score™ of 29/100 and a GF Value™ of CHF9.17 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,667 Metals & Mining companies, First Majestic Silver ranks worse than 87.89% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, First Majestic Silver's Enterprise Value is CHF7,884 Mil.
First Majestic Silver's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF656 Mil. Therefore, First Majestic Silver's EV-to-OCF for today is 12.01.
The historical rank and industry rank for First Majestic Silver's EV-to-OCF or its related term are showing as below:
XSWX:AG'
s EV-to-OCF Range Over the Past 10 Years
Min: 7.71 Med: 24.13 Max: 152.4
Current: 11.8
During the past 13 years, the highest EV-to-OCF of First Majestic Silver was 152.40. The lowest was 7.71. And the median was 24.13.
XSWX:AG's EV-to-OCF is ranked worse than 87.89% of 2667
companies
in the Metals & Mining industry
Industry Median: -8.78
vs XSWX:AG: 11.80
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.
First Majestic Silver (XSWX:AG) 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.
First Majestic Silver's PE Ratio (TTM) for today is calculated as:
First Majestic Silver's share price for today is CHF16.324.
First Majestic Silver'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 CHF0.557.
* 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.
* 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 Silver subindustry, First Majestic 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.
First Majestic Silver EV-to-OCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's EV-to-OCF falls into.
First Majestic Silver's current Enterprise Value is CHF7,884 Mil.
First Majestic Silver'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 CHF656 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.
First Majestic Silver (XSWX:AG) has a EV-to-OCF of 12.01 as of Aug. 20, 2026. This is 50% below median its historical median of 24.13. Over the past decade, First Majestic Silver's EV-to-OCF has ranged from 7.71 to 152.40. According to the industry distribution chart, First Majestic Silver ranks #2344 out of 2667 companies in the Metals & Mining industry, placing it in the top 87.9%.
Is First Majestic Silver's EV-to-OCF too high?
First Majestic Silver's current EV-to-OCF of 12.01 is 50% below median its 10-year median of 24.13. Over the past 10 years, this metric has ranged from a low of 7.71 to a high of 152.40. Based on the distribution chart, First Majestic Silver ranks #2344 out of 2667 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, First Majestic Silver has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's EV-to-OCF compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #2344 out of 2667 companies for EV-to-OCF. This places First Majestic Silver in the lower half of its industry. Historically, First Majestic Silver's own EV-to-OCF has ranged from 7.71 to 152.40 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. First Majestic Silver's current EV-to-OCF is 12.01, which is 50% below median its own 10-year median of 24.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (XSWX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF9.17, compared to a current price of CHF16.32 — trading 78% above its estimated fair value. The current EV-to-OCF is 12.01, which is 50% below median its 10-year median of 24.13. First Majestic Silver's overall GF Score™ is 29/100 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 First Majestic Silver (XSWX:AG), the current EV-to-OCF is 12.01 as of Aug. 20, 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 First Majestic Silver (XSWX:AG) Overvalued in 2026?
Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued.
The current stock price of CHF16.32 is trading 78% above its estimated GF Value™ of CHF9.17.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for XSWX:AG:
EV-to-OCF: 12.01 (50% below median its 10-year median of 24.13)
GF Value™: CHF9.17 vs. price of CHF16.32 (78% above fair value)
No single metric tells the full story. See the XSWX:AG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
29GF Score
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