First Majestic Silver (FRA:FMV) Total Inventories: €78 Mil (As of Mar. 2026)


FRA:FMV First Majestic Silver Corp FRA:FMV
66 GF Score
Price €15.20
GF Value €8.86
Valuation Significantly Overvalued
! 2 Warning Signs
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What is First Majestic Silver Total Inventories?

First Majestic Silver FRA:FMV +2.39% 66 Total Inventories is €78 Mil as of Mar. 2026. GuruFocus rates FRA:FMV with a GF Score™ of 66/100 and a GF Value™ of €8.86 (Significantly Overvalued). The stock has 2 warning signs investors should review.

First Majestic Silver's total inventories for the quarter that ended in Mar. 2026 was €78 Mil. First Majestic Silver's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was €75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. First Majestic Silver's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was €-1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Majestic Silver's Days Inventory for the three months ended in Mar. 2026 was 36.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Majestic Silver's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.47.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. First Majestic Silver's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.18.


First Majestic Silver  (FRA:FMV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

First Majestic Silver's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(986.789+0.75 * 39.182+0.5 * 77.842-1299.359
-0-365.121)/493.725
=-1.23

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

First Majestic Silver's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=75.1105/185.405*365 / 4
=36.97

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

First Majestic Silver's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=185.405 / 75.1105
=2.47

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

First Majestic Silver's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=75.1105 / 416.011
=0.18

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


First Majestic Silver Total Inventories Related Terms


First Majestic Silver Total Inventories Historical Data

* Premium members only.

The historical data trend for First Majestic Silver's Total Inventories 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 Total Inventories Chart

First Majestic Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.64 61.13 58.40 59.71 72.38

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
Total Inventories 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 77.15 71.95 81.99 72.38 77.84
FRA:FMV
66GF Score
First Majestic Silver Corp FRA:FMV
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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First Majestic Silver Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of €78 Mil mean?
First Majestic Silver (FRA:FMV) has a Total Inventories of €78 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for First Majestic Silver and its competitors.
Is First Majestic Silver's Total Inventories too high?
First Majestic Silver's current Total Inventories is €78 Mil. 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 Total Inventories compare to EXK?
First Majestic Silver's Total Inventories of €78 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Metals & Mining company?
A good Total Inventories depends on the Metals & Mining industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for First Majestic Silver and its competitors. First Majestic Silver's current Total Inventories is €78 Mil. 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 (FRA:FMV) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.86, compared to a current price of €15.20 — trading 71.6% above its estimated fair value. The current Total Inventories is €78 Mil. 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 Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For First Majestic Silver (FRA:FMV), the current Total Inventories is €78 Mil as of Mar. 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 (FRA:FMV) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of €15.20 is trading 71.6% above its estimated GF Value™ of €8.86. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for FRA:FMV:

  • Total Inventories: €78 Mil
  • GF Value™: €8.86 vs. price of €15.20 (71.6% above fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the FRA:FMV 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

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

€15.20
Price
€8.86
GF Value