The historical rank and industry rank for First Majestic Silver's Net Margin % or its related term are showing as below:
TSX:AG'
s Net Margin % Range Over the Past 10 Years
Min: -66.2 Med: -14.53 Max: 20.92
Current: 20.92
TSX:AG's Net Margin % is ranked better than 78.65% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs TSX:AG: 20.92
First Majestic Silver (TSX:AG) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
First Majestic Silver Net Margin % Related Terms
First Majestic Silver Net Margin % Historical Data
* Premium members only.
The historical data trend for First Majestic Silver's Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Net Margin % falls into.
* 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 Net Margin % of 30.67% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on First Majestic Silver and its competitors. According to the industry distribution chart, First Majestic Silver ranks #180 out of 843 companies in the Metals & Mining industry, placing it in the top 21.4%.
Is First Majestic Silver's Net Margin % too high?
First Majestic Silver's current Net Margin % is 30.67%. The Metals & Mining industry median Net Margin % is 3.41. First Majestic Silver's value of 30.67% is 799.4% above this industry median. Based on the distribution chart, First Majestic Silver ranks #180 out of 843 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 Net Margin % compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #180 out of 843 companies for Net Margin %. This places First Majestic Silver in the top 21% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.41. First Majestic Silver's value of 30.67% is 799.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current Net Margin % of 30.67% is 799.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Net Margin % is 30.67%. 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$22.82 — trading 63.4% above its estimated fair value. The current Net Margin % is 30.67% and 799.4% above the Metals & Mining industry median of 3.41. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For First Majestic Silver (TSX:AG), the current Net Margin % is 30.67% 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 (TSX:AG) Overvalued in 2026?
Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued.
The current stock price of C$22.82 is trading 63.4% above its estimated GF Value™ of C$13.97.
GuruFocus considers First Majestic Silver to be Significantly Overvalued.
Key valuation signals for TSX:AG:
Net Margin %: 30.67%
GF Value™: C$13.97 vs. price of C$22.82 (63.4% above fair value)
Industry Position: 799.4% above the Metals & Mining median (#180 of 843)
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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