Pan American Silver (TSX:PAAS) ROE % Adjusted to Book Value: 7.99% (As of Mar. 2026)


TSX:PAAS Pan American Silver Corp TSX:PAAS
81 GF Score
Price C$64.47
GF Value C$45.90
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Pan American Silver ROE % Adjusted to Book Value?

Pan American Silver TSX:PAAS +0.99% 81 ROE % Adjusted to Book Value is 7.99% as of Mar. 2026. GuruFocus rates TSX:PAAS with a GF Score™ of 81/100 and a GF Value™ of C$45.90 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Pan American Silver's ROE % for the quarter that ended in Mar. 2026 was 25.41%. Pan American Silver's PB Ratio for the quarter that ended in Mar. 2026 was 3.18. Pan American Silver's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 7.99%.


Pan American Silver ROE % Adjusted to Book Value Related Terms


Pan American Silver ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Pan American Silver's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Pan American Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 -9.37 -2.41 1.54 5.31

Pan American Silver Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 7.31 7.33 4.70 8.52 7.99

TSX:PAAS vs NEM, AU, CDE: ROE % Adjusted to Book Value Comparison

For the Gold subindustry, Pan American Silver's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pan American Silver's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Pan American Silver's ROE % Adjusted to Book Value falls into.


TSX:PAAS
81GF Score
Pan American Silver Corp TSX:PAAS
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan American Silver ROE % Adjusted to Book Value Calculation

Pan American Silver's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=16.50% / 3.11
=5.31%

Pan American Silver's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=25.41% / 3.18
=7.99%

* 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.

What does a ROE % Adjusted to Book Value of 7.99% mean?
Pan American Silver (TSX:PAAS) has a ROE % Adjusted to Book Value of 7.99% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Pan American Silver and its competitors.
Is Pan American Silver's ROE % Adjusted to Book Value too high?
Pan American Silver's current ROE % Adjusted to Book Value is 7.99%. 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 ROE % Adjusted to Book Value compare to NEM and AU?
Pan American Silver's ROE % Adjusted to Book Value of 7.99% 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 ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Pan American Silver and its competitors. Pan American Silver's current ROE % Adjusted to Book Value is 7.99%. 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 ROE % Adjusted to Book Value is 7.99%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current ROE % Adjusted to Book Value is 7.99% 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 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:

  • ROE % Adjusted to Book Value: 7.99%
  • GF Value™: C$45.90 vs. price of C$64.47 (40.5% above fair value)
  • GF Score™: 81/100 with 3 warning signs

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 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.
81GF Score

Get the complete analysis for TSX:PAAS

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$64.47
Price
C$45.90
GF Value