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Pan American SilverXSWX:PAAS +5.56%53 Shiller PE Ratio is 251.06 as of Aug. 20, 2026, which is 42% above its 10-year median of 176.42. 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. Among 412 Metals & Mining companies, Pan American Silver ranks worse than 82.04% on this metric.
The historical rank and industry rank for Pan American Silver's Shiller PE Ratio or its related term are showing as below:
XSWX:PAAS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 66.52 Med: 176.42 Max: 928.5
Current: 79.08
During the past years, Pan American Silver's highest Shiller PE Ratio was 928.50. The lowest was 66.52. And the median was 176.42.
XSWX:PAAS's Shiller PE Ratio is ranked worse than 82.04% of 412
companies
in the Metals & Mining industry
Industry Median: 32.23
vs XSWX:PAAS: 79.08
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Pan American Silver's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF0.575. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF0.16 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Pan American Silver (XSWX:PAAS) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Pan American Silver Shiller PE Ratio Related Terms
Pan American Silver Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Pan American Silver's Shiller PE 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, Pan American Silver's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Pan American Silver Shiller PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Pan American Silver (XSWX:PAAS) has a Shiller PE Ratio of 251.06 as of Aug. 20, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Pan American Silver and its competitors. This is 42% above median its historical median of 176.42. Over the past decade, Pan American Silver's Shiller PE Ratio has ranged from 66.52 to 928.50. According to the industry distribution chart, Pan American Silver ranks #338 out of 412 companies in the Metals & Mining industry, placing it in the top 82%.
Is Pan American Silver's Shiller PE Ratio too high?
Pan American Silver's current Shiller PE Ratio of 251.06 is 42% above median its 10-year median of 176.42. Over the past 10 years, this metric has ranged from a low of 66.52 to a high of 928.50. The Metals & Mining industry median Shiller PE Ratio is 32.23. Pan American Silver's value of 251.06 is 679% above this industry median. Based on the distribution chart, Pan American Silver ranks #338 out of 412 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. 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 Shiller PE Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #338 out of 412 companies for Shiller PE Ratio. This places Pan American Silver in the lower half of its industry. The industry median Shiller PE Ratio is 32.23. Pan American Silver's value of 251.06 is 679% above this benchmark. Historically, Pan American Silver's own Shiller PE Ratio has ranged from 66.52 to 928.50 over the past decade. While the company's 10-year median is 176.42 vs. the industry median of 32.23, Pan American 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 Shiller PE Ratio for a Metals & Mining company?
The median Shiller PE Ratio among Metals & Mining companies is 32.23, based on 412 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pan American Silver's current Shiller PE Ratio of 251.06 is 679% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Pan American Silver and its competitors. For the Metals & Mining industry, the median Shiller PE Ratio is 32.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Shiller PE Ratio is 251.06, which is 42% above median its own 10-year median of 176.42. 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 Shiller PE Ratio is 251.06, which is 42% above median its 10-year median of 176.42 and 679% above the Metals & Mining industry median of 32.23. 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 Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Pan American Silver (XSWX:PAAS), the current Shiller PE Ratio is 251.06 as of Aug. 20, 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:
Shiller PE Ratio: 251.06 (42% above median its 10-year median of 176.42)
GF Value™: CHF27.79 vs. price of CHF40.17 (44.5% above fair value)
Industry Position: 679% above the Metals & Mining median (#338 of 412)
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 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
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