First Majestic SilverTSX:AG -0.33%66 Quick Ratio is 2.54 as of Mar. 2026, which is 5% below its 10-year median of 2.68. GuruFocus rates TSX:AG with a GF Score™ of 66/100 and a GF Value™ of C$13.97 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,636 Metals & Mining companies, First Majestic Silver ranks better than 52.24% on this metric.
First Majestic Silver has a quick ratio of 2.54. It generally indicates good short-term financial strength.
The historical rank and industry rank for First Majestic Silver's Quick Ratio or its related term are showing as below:
TSX:AG'
s Quick Ratio Range Over the Past 10 Years
Min: 1.51 Med: 2.68 Max: 4.15
Current: 2.54
During the past 13 years, First Majestic Silver's highest Quick Ratio was 4.15. The lowest was 1.51. And the median was 2.68.
TSX:AG's Quick Ratio is ranked better than 52.24% of 2636
companies
in the Metals & Mining industry
Industry Median: 2.325
vs TSX:AG: 2.54
First Majestic Silver (TSX:AG) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
First Majestic Silver Quick Ratio Related Terms
First Majestic Silver Quick Ratio Historical Data
* Premium members only.
The historical data trend for First Majestic Silver's Quick 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 Silver subindustry, First Majestic Silver's Quick Ratio, along with its competitors' market caps and Quick 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.
First Majestic Silver Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Majestic Silver's Quick Ratio distribution charts can be found below:
* The bar in red indicates where First Majestic Silver's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
First Majestic Silver's Quick Ratio 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 Quick Ratio of 2.54 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on First Majestic Silver and its competitors. This is near median its historical median of 2.68. Over the past decade, First Majestic Silver's Quick Ratio has ranged from 1.51 to 4.15. According to the industry distribution chart, First Majestic Silver ranks #1259 out of 2636 companies in the Metals & Mining industry, placing it in the top 47.8%.
Is First Majestic Silver's Quick Ratio too high?
First Majestic Silver's current Quick Ratio of 2.54 is near median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 4.15. The Metals & Mining industry median Quick Ratio is 2.33. First Majestic Silver's value of 2.54 is 9.2% above this industry median. Based on the distribution chart, First Majestic Silver ranks #1259 out of 2636 companies in the Metals & Mining industry, which is above the industry midpoint. 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 Quick Ratio compare to EXK?
According to the Metals & Mining industry distribution chart, First Majestic Silver ranks #1259 out of 2636 companies for Quick Ratio. This puts First Majestic Silver in the upper half of its industry. The industry median Quick Ratio is 2.33. First Majestic Silver's value of 2.54 is 9.2% above this benchmark. Historically, First Majestic Silver's own Quick Ratio has ranged from 1.51 to 4.15 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 2.33, First Majestic Silver 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 Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.33, based on 2,636 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Majestic Silver's current Quick Ratio of 2.54 is 9.2% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on First Majestic Silver and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Majestic Silver's current Quick Ratio is 2.54, which is near median its own 10-year median of 2.68. 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 Quick Ratio is 2.54, which is near median its 10-year median of 2.68 and 9.2% above the Metals & Mining industry median of 2.33. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For First Majestic Silver (TSX:AG), the current Quick Ratio is 2.54 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$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:
Quick Ratio: 2.54 (near median its 10-year median of 2.68)
GF Value™: C$13.97 vs. price of C$23.92 (71.2% above fair value)
Industry Position: 9.2% above the Metals & Mining median (#1259 of 2636)
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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