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First Majestic SilverXSWX:AG +7.24%36 Equity-to-Asset is 0.60 as of Jun. 2026, which is 10% below its 10-year median of 0.67. GuruFocus rates XSWX:AG with a GF Score™ of 36/100 and a GF Value™ of CHF9.17 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,670 Metals & Mining companies, First Majestic Silver ranks worse than 65.66% on this metric.
First Majestic Silver (XSWX:AG) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
First Majestic Silver Equity-to-Asset Related Terms
First Majestic Silver Equity-to-Asset Historical Data
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The historical data trend for First Majestic Silver's Equity-to-Asset 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 Silver subindustry, First Majestic Silver's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
First Majestic Silver's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.60 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Majestic Silver and its competitors. This is 10% below median its historical median of 0.67. Over the past decade, First Majestic Silver's Equity-to-Asset has ranged from 0.59 to 0.76. According to the industry distribution chart, First Majestic Silver ranks #1753 out of 2670 companies in the Metals & Mining industry, placing it in the top 65.7%.
Is First Majestic Silver's Equity-to-Asset too high?
First Majestic Silver's current Equity-to-Asset of 0.60 is 10% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.76. The Metals & Mining industry median Equity-to-Asset is 0.80. First Majestic Silver's value of 0.60 is 25% below this industry median. Based on the distribution chart, First Majestic Silver ranks #1753 out of 2670 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Majestic Silver has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Equity-to-Asset compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #1753 out of 2670 companies for Equity-to-Asset. This places First Majestic Silver in the lower half of its industry. The industry median Equity-to-Asset is 0.80. First Majestic Silver's value of 0.60 is 25% below this benchmark. Historically, First Majestic Silver's own Equity-to-Asset has ranged from 0.59 to 0.76 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.80, First Majestic 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 Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.80, based on 2,670 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current Equity-to-Asset of 0.60 is 25% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Equity-to-Asset is 0.60, which is 10% below median its own 10-year median of 0.67. 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 Equity-to-Asset is 0.60, which is 10% below median its 10-year median of 0.67 and 25% below the Metals & Mining industry median of 0.80. First Majestic Silver's overall GF Score™ is 36/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Majestic Silver (XSWX:AG), the current Equity-to-Asset is 0.60 as of Jun. 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:
Equity-to-Asset: 0.60 (10% below median its 10-year median of 0.67)
GF Value™: CHF9.17 vs. price of CHF16.32 (78% above fair value)
Industry Position: 25% below the Metals & Mining median (#1753 of 2670)
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.
36GF Score
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