First Majestic Silver (TSX:AG) EV-to-FCF: 16.24 (As of Jul. 01, 2026)


TSX:AG First Majestic Silver Corp TSX:AG
66 GF Score
Price C$24.08
GF Value C$13.95
Valuation Significantly Overvalued
! 2 Warning Signs
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What is First Majestic Silver EV-to-FCF?

First Majestic Silver TSX:AG +0.67% 66 EV-to-FCF is 16.24 as of Jul. 01, 2026. GuruFocus rates TSX:AG with a GF Score™ of 66/100 and a GF Value™ of C$13.95 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 447 Metals & Mining companies, First Majestic Silver ranks better than 54.36% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Majestic Silver's Enterprise Value is C$11,295 Mil. First Majestic Silver's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$695 Mil. Therefore, First Majestic Silver's EV-to-FCF for today is 16.24.

The historical rank and industry rank for First Majestic Silver's EV-to-FCF or its related term are showing as below:

TSX:AG' s EV-to-FCF Range Over the Past 10 Years
Min: -957.37   Med: -17.21   Max: 185.08
Current: 16.24

During the past 13 years, the highest EV-to-FCF of First Majestic Silver was 185.08. The lowest was -957.37. And the median was -17.21.

TSX:AG's EV-to-FCF is ranked better than
54.36% of 447 companies
in the Metals & Mining industry
Industry Median: 18.31 vs TSX:AG: 16.24

EV-to-FCF 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.

As of today (2026-07-01), First Majestic Silver's stock price is C$24.08. First Majestic Silver's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$0.811. Therefore, First Majestic Silver's PE Ratio (TTM) for today is 29.69.


First Majestic Silver  (TSX:AG) EV-to-FCF Explanation

EV-to-FCF 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:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=24.08/0.811
=29.69

First Majestic Silver's share price for today is C$24.08.
First Majestic 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 C$0.811.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


First Majestic Silver EV-to-FCF Related Terms


First Majestic Silver EV-to-FCF Historical Data

* Premium members only.

The historical data trend for First Majestic Silver's EV-to-FCF 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.

First Majestic Silver EV-to-FCF Chart

First Majestic Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.41 -11.78 -20.01 45.02 25.46

First Majestic Silver Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.45 41.16 41.39 25.46 20.38

TSX:AG vs EXK: EV-to-FCF Comparison

For the Silver subindustry, First Majestic Silver's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where First Majestic Silver's EV-to-FCF falls into.


TSX:AG
66GF Score
First Majestic Silver Corp TSX:AG
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Majestic Silver EV-to-FCF Calculation

First Majestic Silver's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=11295.355/695.322
=16.24

First Majestic Silver's current Enterprise Value is C$11,295 Mil.
First Majestic Silver's Free Cash Flow 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 C$695 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 16.24 mean?
First Majestic Silver (TSX:AG) has a EV-to-FCF of 16.24 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Majestic Silver and its competitors. According to the industry distribution chart, First Majestic Silver ranks #204 out of 447 companies in the Metals & Mining industry, placing it in the top 45.6%.
Is First Majestic Silver's EV-to-FCF too high?
First Majestic Silver's current EV-to-FCF is 16.24. The Metals & Mining industry median EV-to-FCF is 18.31. First Majestic Silver's value of 16.24 is 11.3% below this industry median. Based on the distribution chart, First Majestic Silver ranks #204 out of 447 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, First Majestic Silver has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's EV-to-FCF compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #204 out of 447 companies for EV-to-FCF. This puts First Majestic Silver in the upper half of its industry. The industry median EV-to-FCF is 18.31. First Majestic Silver's value of 16.24 is 11.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.31, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current EV-to-FCF of 16.24 is 11.3% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current EV-to-FCF is 16.24. 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 (TSX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$13.95, compared to a current price of C$24.08 — trading 72.6% above its estimated fair value. The current EV-to-FCF is 16.24 and 11.3% below the Metals & Mining industry median of 18.31. First Majestic Silver's overall GF Score™ is 66/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For First Majestic Silver (TSX:AG), the current EV-to-FCF is 16.24 as of Jul. 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 First Majestic Silver (TSX:AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of C$24.08 is trading 72.6% above its estimated GF Value™ of C$13.95. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for TSX:AG:

  • EV-to-FCF: 16.24
  • GF Value™: C$13.95 vs. price of C$24.08 (72.6% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 11.3% below the Metals & Mining median (#204 of 447)

No single metric tells the full story. See the TSX:AG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
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.
66GF Score

Get the complete analysis for TSX:AG

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$24.08
Price
C$13.95
GF Value