Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Pan American SilverXSWX:PAAS +5.56%53 Intrinsic Value: Projected FCF is CHF18.96 as of Aug. 20, 2026, which is 100% below its 10-year median of 1.75. GuruFocus rates XSWX:PAAS with a GF Score™ of 53/100 and a GF Value™ of CHF27.79 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 650 Metals & Mining companies, Pan American Silver ranks better than 53.54% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-20), Pan American Silver's Intrinsic Value: Projected FCF is CHF18.96. The stock price of Pan American Silver is CHF40.17. Therefore, Pan American Silver's Price-to-Intrinsic-Value-Projected-FCF of today is 2.1.
The historical rank and industry rank for Pan American Silver's Intrinsic Value: Projected FCF or its related term are showing as below:
XSWX:PAAS'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.84 Med: 1.75 Max: 2.9
Current: 2.12
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Pan American Silver was 2.90. The lowest was 0.84. And the median was 1.75.
XSWX:PAAS's Price-to-Projected-FCF is ranked better than 53.54% of 650
companies
in the Metals & Mining industry
Industry Median: 2.32
vs XSWX:PAAS: 2.12
Pan American Silver (XSWX:PAAS) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Pan American Silver's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
40.17
/
17.879455005824
=
2.25
* 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 Intrinsic Value: Projected FCF Related Terms
Pan American Silver Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Intrinsic Value: Projected 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.
Pan American Silver Intrinsic Value: Projected FCF Chart
XSWX:PAAS vs NEM, AU: Intrinsic Value: Projected FCF Comparison
For the Gold subindustry, Pan American Silver's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
Pan American Silver Price-to-Projected-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Price-to-Projected-FCF falls into.
Pan American Silver Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of CHF18.96 mean?
Pan American Silver (XSWX:PAAS) has a Intrinsic Value: Projected FCF of CHF18.96 as of Aug. 20, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Pan American Silver and its competitors. This is 983% above median its historical median of 1.75. Over the past decade, Pan American Silver's Intrinsic Value: Projected FCF has ranged from 0.84 to 2.90. According to the industry distribution chart, Pan American Silver ranks #302 out of 650 companies in the Metals & Mining industry, placing it in the top 46.5%.
Is Pan American Silver's Intrinsic Value: Projected FCF too high?
Pan American Silver's current Intrinsic Value: Projected FCF of CHF18.96 is 983% above median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.90. Based on the distribution chart, Pan American Silver ranks #302 out of 650 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Pan American Silver has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Intrinsic Value: Projected FCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #302 out of 650 companies for Intrinsic Value: Projected FCF. This puts Pan American Silver in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 2.32. Historically, Pan American Silver's own Intrinsic Value: Projected FCF has ranged from 0.84 to 2.90 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 Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.32, based on 650 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Intrinsic Value: Projected FCF is CHF18.96, which is 983% above median its own 10-year median of 1.75. 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 (XSWX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF27.79, compared to a current price of CHF40.17 — trading 44.5% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF18.96, which is 983% above median its 10-year median of 1.75. Pan American Silver's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Pan American Silver (XSWX:PAAS), the current Intrinsic Value: Projected FCF is CHF18.96 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 Pan American Silver (XSWX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of CHF40.17 is trading 44.5% above its estimated GF Value™ of CHF27.79.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for XSWX:PAAS:
Intrinsic Value: Projected FCF: CHF18.96 (983% above median its 10-year median of 1.75)
GF Value™: CHF27.79 vs. price of CHF40.17 (44.5% above fair value)
No single metric tells the full story. See the XSWX:PAAS 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.
53GF Score
Get the complete analysis for XSWX:PAAS
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:PAAS has been successfully added to your 
