Agnico Eagle MinesXSWX:AEM 97 PB Ratio is 2.76 as of Jul. 06, 2026, which is 26% above its 10-year median of 2.19. GuruFocus rates XSWX:AEM with a GF Score™ of 97/100 and a GF Value™ of CHF65.60. The stock has 1 warning sign investors should review. Among 2,351 Metals & Mining companies, Agnico Eagle Mines ranks worse than 61.21% on this metric.
The historical rank and industry rank for Agnico Eagle Mines's PB Ratio or its related term are showing as below:
XSWX:AEM'
s PB Ratio Range Over the Past 10 Years
Min: 1.13 Med: 2.19 Max: 5.02
Current: 3.11
During the past 13 years, Agnico Eagle Mines's highest PB Ratio was 5.02. The lowest was 1.13. And the median was 2.19.
XSWX:AEM's PB Ratio is ranked worse than 61.21% of 2351
companies
in the Metals & Mining industry
Industry Median: 2.31
vs XSWX:AEM: 3.11
During the past 12 months, Agnico Eagle Mines's average Book Value Per Share Growth Rate was 16.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Agnico Eagle Mines was 37.20% per year. The lowest was -10.60% per year. And the median was 7.45% per year.
Back to Basics: PB Ratio
Agnico Eagle Mines (XSWX:AEM) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Agnico Eagle Mines PB Ratio Related Terms
Agnico Eagle Mines PB Ratio Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines's PB Ratio 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, Agnico Eagle Mines's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Agnico Eagle Mines PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's PB Ratio distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Agnico Eagle Mines (XSWX:AEM) has a PB Ratio of 2.76 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Agnico Eagle Mines and its competitors. This is 26% above median its historical median of 2.19. Over the past decade, Agnico Eagle Mines' PB Ratio has ranged from 1.13 to 5.02. According to the industry distribution chart, Agnico Eagle Mines ranks #1439 out of 2351 companies in the Metals & Mining industry, placing it in the top 61.2%.
Is Agnico Eagle Mines' PB Ratio too high?
Agnico Eagle Mines' current PB Ratio of 2.76 is 26% above median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 5.02. The Metals & Mining industry median PB Ratio is 2.31. Agnico Eagle Mines' value of 2.76 is 19.5% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #1439 out of 2351 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Agnico Eagle Mines has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #1439 out of 2351 companies for PB Ratio. This places Agnico Eagle Mines in the lower half of its industry. The industry median PB Ratio is 2.31. Agnico Eagle Mines' value of 2.76 is 19.5% above this benchmark. Historically, Agnico Eagle Mines' own PB Ratio has ranged from 1.13 to 5.02 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 2.31, Agnico Eagle Mines has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.31, based on 2,351 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agnico Eagle Mines's current PB Ratio of 2.76 is 19.5% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current PB Ratio is 2.76, which is 26% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Agnico Eagle Mines (XSWX:AEM) has a current PB Ratio of 2.76. The stock's GF Value™ is CHF65.60, compared to a current price of CHF124.94 — trading 90.5% above its estimated fair value. The current PB Ratio is 2.76, which is 26% above median its 10-year median of 2.19 and 19.5% above the Metals & Mining industry median of 2.31. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Agnico Eagle Mines (XSWX:AEM), the current PB Ratio is 2.76 as of Jul. 06, 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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued.
The current stock price of CHF124.94 is trading 90.5% above its estimated GF Value™ of CHF65.60.
Key valuation signals for XSWX:AEM:
PB Ratio: 2.76 (26% above median its 10-year median of 2.19)
GF Value™: CHF65.60 vs. price of CHF124.94 (90.5% above fair value)
Industry Position: 19.5% above the Metals & Mining median (#1439 of 2351)
No single metric tells the full story. See the XSWX:AEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
97GF Score
Get the complete analysis for XSWX:AEM
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:AEM has been successfully added to your 
