First Majestic Silver's quarterly market cap
increased
from Sep. 2025 (C$8,374 Mil) to Dec. 2025 (C$11,251 Mil) and
increased
from Dec. 2025 (C$11,251 Mil) to Mar. 2026 (C$14,723 Mil).
First Majestic Silver's annual market cap
increased
from Dec. 2023 (C$2,335 Mil) to Dec. 2024 (C$2,385 Mil) and
increased
from Dec. 2024 (C$2,385 Mil) to Dec. 2025 (C$11,251 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. First Majestic Silver's Enterprise Value for Today is C$11,216 Mil.
First Majestic Silver (TSX:AG) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
* 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Market Cap distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
First Majestic Silver's Market Cap 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 (TSX:AG) has a Market Cap of C$11,811 Mil as of Jun. 30, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on First Majestic Silver and its competitors. According to the industry distribution chart, First Majestic Silver ranks #85 out of 2685 companies in the Metals & Mining industry, placing it in the top 3.2%.
Is First Majestic Silver's Market Cap too high?
First Majestic Silver's current Market Cap is C$11,811 Mil. Based on the distribution chart, First Majestic Silver ranks #85 out of 2685 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #85 out of 2685 companies for Market Cap. This places First Majestic Silver in the top 3% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.72, based on 2,685 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Market Cap is 21.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Market Cap is C$11,811 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 (TSX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$13.97, compared to a current price of C$23.92 — trading 71.2% above its estimated fair value. The current Market Cap is C$11,811 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For First Majestic Silver (TSX:AG), the current Market Cap is C$11,811 Mil as of Jun. 30, 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$23.92 is trading 71.2% above its estimated GF Value™ of C$13.97.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for TSX:AG:
Market Cap: C$11,811 Mil
GF Value™: C$13.97 vs. price of C$23.92 (71.2% above fair value)
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 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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