Pan American Silver (XSWX:PAAS) Pre-Tax Income: CHF1,521 Mil (TTM As of Jun. 2026)

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XSWX:PAAS Pan American Silver Corp XSWX:PAAS
53 GF Score
Price CHF40.17
GF Value CHF27.79
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Pan American Silver Pre-Tax Income?

Pan American Silver XSWX:PAAS +5.56% 53 Pre-Tax Income is CHF1,521 Mil as of Jun. 2026. GuruFocus rates XSWX:PAAS with a GF Score™ of 53/100 and a GF Value™ of CHF27.79 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Pan American Silver's pretax income for the three months ended in Jun. 2026 was CHF387 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was CHF1,521 Mil. Pan American Silver's pretax margin was 43.06%.

During the past 13 years, Pan American Silver's highest Pretax Margin was 44.37%. The lowest was -20.14%. And the median was 15.16%.


Pan American Silver  (XSWX:PAAS) Pre-Tax Income Explanation

Pan American Silver's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=386.861/898.413
=43.06%

During the past 13 years, Pan American Silver's highest Pretax Margin was 44.37%. The lowest was -20.14%. And the median was 15.16%.

* 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 Pre-Tax Income Related Terms


Pan American Silver Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Pan American Silver's Pre-Tax Income 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.

Pan American Silver Pre-Tax Income Chart

Pan American Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.64 -280.41 -50.85 385.17 986.56

Pan American Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 191.10 198.31 430.80 504.66 386.86

XSWX:PAAS vs NEM, AU: Pre-Tax Income Comparison

For the Gold subindustry, Pan American Silver's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 Pre-Tax Income vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Pan American Silver's Pre-Tax Income falls into.


XSWX:PAAS
53GF Score
Pan American Silver Corp XSWX:PAAS
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan American Silver Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Pan American Silver's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=906.872+125.91+-43.83+0+-2.3899999999999
=987

Pan American Silver's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=341.301+63.145+-17.585+0+0
=387

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF1,521 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of CHF1,521 Mil mean?
Pan American Silver (XSWX:PAAS) has a Pre-Tax Income of CHF1,521 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Pan American Silver and its competitors.
Is Pan American Silver's Pre-Tax Income too high?
Pan American Silver's current Pre-Tax Income is CHF1,521 Mil. Overall, Pan American Silver has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Pre-Tax Income compare to NEM and AU?
Pan American Silver's Pre-Tax Income of CHF1,521 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Metals & Mining company?
A good Pre-Tax Income depends on the Metals & Mining industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Pan American Silver and its competitors. Pan American Silver's current Pre-Tax Income is CHF1,521 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 (XSWX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF27.79, compared to a current price of CHF40.17 — trading 44.5% above its estimated fair value. The current Pre-Tax Income is CHF1,521 Mil. Pan American Silver's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Pan American Silver (XSWX:PAAS), the current Pre-Tax Income is CHF1,521 Mil as of Jun. 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 (XSWX:PAAS) Overvalued in 2026?

Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued. The current stock price of CHF40.17 is trading 44.5% above its estimated GF Value™ of CHF27.79. GuruFocus considers Pan American Silver to be Significantly Overvalued.

Key valuation signals for XSWX:PAAS:

  • Pre-Tax Income: CHF1,521 Mil
  • GF Value™: CHF27.79 vs. price of CHF40.17 (44.5% above fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the XSWX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan American Silver Business Description

Address 733 Seymour Street, Suite 2100, Vancouver Centre II, Vancouver, BC, CAN, V6B0S6
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.
53GF Score

Get the complete analysis for XSWX:PAAS

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF40.17
Price
CHF27.79
GF Value