Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Pan American Silver's share price for the quarter that ended in Mar. 2026 was C$76.1. Pan American Silver's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 421 Mil. Therefore, Pan American Silver's market cap for the quarter that ended in Mar. 2026 was C$32,070 Mil.
Pan American Silver's quarterly market cap
increased
from Sep. 2025 (C$22,761 Mil) to Dec. 2025 (C$30,019 Mil) and
increased
from Dec. 2025 (C$30,019 Mil) to Mar. 2026 (C$32,070 Mil).
Pan American Silver's annual market cap
increased
from Dec. 2023 (C$7,888 Mil) to Dec. 2024 (C$10,557 Mil) and
increased
from Dec. 2024 (C$10,557 Mil) to Dec. 2025 (C$30,019 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. Pan American Silver's Enterprise Value for Today is C$26,074 Mil.
Pan American Silver (TSX:PAAS) 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.
Pan American Silver Market Cap Related Terms
Pan American Silver Market Cap Historical Data
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The historical data trend for Pan American Silver's Market Cap 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 Gold subindustry, Pan American 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.
Pan American Silver Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Market Cap distribution charts can be found below:
* The bar in red indicates where Pan American 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.
Pan American 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.
Pan American Silver (TSX:PAAS) has a Market Cap of C$27,164 Mil as of Jun. 27, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Pan American Silver and its competitors. According to the industry distribution chart, Pan American Silver ranks #39 out of 2688 companies in the Metals & Mining industry, placing it in the top 1.5%.
Is Pan American Silver's Market Cap too high?
Pan American Silver's current Market Cap is C$27,164 Mil. Based on the distribution chart, Pan American Silver ranks #39 out of 2688 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Pan American Silver has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Market Cap compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #39 out of 2688 companies for Market Cap. This places Pan American Silver in the top 2% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.64. 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 21.64, based on 2,688 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 Pan American Silver and its competitors. For the Metals & Mining industry, the median Market Cap is 21.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Market Cap is C$27,164 Mil. 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 (TSX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$45.90, compared to a current price of C$64.47 — trading 40.5% above its estimated fair value. The current Market Cap is C$27,164 Mil. Pan American Silver's overall GF Score™ is 81/100 with 3 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 Pan American Silver (TSX:PAAS), the current Market Cap is C$27,164 Mil as of Jun. 27, 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 (TSX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of C$64.47 is trading 40.5% above its estimated GF Value™ of C$45.90.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for TSX:PAAS:
Market Cap: C$27,164 Mil
GF Value™: C$45.90 vs. price of C$64.47 (40.5% above fair value)
No single metric tells the full story. See the TSX: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.
81GF Score
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