First Majestic SilverFRA:FMV +2.39%66 Median PS Value is €11.02 as of Jun. 28, 2026, which is 100% below its 10-year median of 0.86. GuruFocus rates FRA:FMV with a GF Score™ of 66/100 and a GF Value™ of €8.85 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 397 Metals & Mining companies, First Majestic Silver ranks worse than 56.17% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for First Majestic Silver's Median PS Value or its related term are showing as below:
FRA:FMV'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.58 Med: 0.86 Max: 1.9
Current: 1.38
During the past 13 years, the highest Price to Median PS Value of First Majestic Silver was 1.90. The lowest was 0.58. And the median was 0.86.
FRA:FMV's Price-to-Median-PS-Value is ranked worse than 56.17% of 397
companies
in the Metals & Mining industry
Industry Median: 1.27
vs FRA:FMV: 1.38
First Majestic Silver (FRA:FMV) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
First Majestic Silver's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
15.20
/
11.02
=
1.38
* 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 Median PS Value Related Terms
First Majestic Silver Median PS Value Historical Data
* Premium members only.
The historical data trend for First Majestic Silver's Median PS Value 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 Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 4.245.
First Majestic Silver's Revenue per Share 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 €2.596.
* 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 (FRA:FMV) has a Median PS Value of €11.02 as of Jun. 28, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First Majestic Silver and its competitors. This is 1181% above median its historical median of 0.86. Over the past decade, First Majestic Silver's Median PS Value has ranged from 0.58 to 1.90. According to the industry distribution chart, First Majestic Silver ranks #223 out of 397 companies in the Metals & Mining industry, placing it in the top 56.2%.
Is First Majestic Silver's Median PS Value too high?
First Majestic Silver's current Median PS Value of €11.02 is 1181% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.90. Based on the distribution chart, First Majestic Silver ranks #223 out of 397 companies in the Metals & Mining industry, which is below 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 Median PS Value compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #223 out of 397 companies for Median PS Value. This places First Majestic Silver in the lower half of its industry. The industry median Median PS Value is 1.27. Historically, First Majestic Silver's own Median PS Value has ranged from 0.58 to 1.90 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 Median PS Value for a Metals & Mining company?
The median Median PS Value among Metals & Mining companies is 1.27, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Median PS Value is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Median PS Value is €11.02, which is 1181% above median its own 10-year median of 0.86. 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 €8.85, compared to a current price of €15.20 — trading 71.8% above its estimated fair value. The current Median PS Value is €11.02, which is 1181% above median its 10-year median of 0.86. 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 Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For First Majestic Silver (FRA:FMV), the current Median PS Value is €11.02 as of Jun. 28, 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 71.8% above its estimated GF Value™ of €8.85.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for FRA:FMV:
Median PS Value: €11.02 (1181% above median its 10-year median of 0.86)
GF Value™: €8.85 vs. price of €15.20 (71.8% above fair value)
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 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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