Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Pan American Silver's operating assets for the quarter that ended in Mar. 2026 was ARS11,910,252 Mil. Pan American Silver's operating liabilities for the quarter that ended in Mar. 2026 was ARS2,701,410 Mil. Pan American Silver's Total Assets for the quarter that ended in Dec. 2025 was ARS14,140,406 Mil. Therefore, Pan American Silver's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.65.
Pan American Silver Scaled Net Operating Assets Related Terms
Pan American Silver Scaled Net Operating Assets Historical Data
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The historical data trend for Pan American Silver's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart
BUE:PAAS vs NEM, AU: Scaled Net Operating Assets Comparison
For the Gold subindustry, Pan American Silver's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Scaled Net Operating Assets falls into.
* 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 Scaled Net Operating Assets of 0.65 mean?
Pan American Silver (BUE:PAAS) has a Scaled Net Operating Assets of 0.65 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pan American Silver and its competitors.
Is Pan American Silver's Scaled Net Operating Assets too high?
Pan American Silver's current Scaled Net Operating Assets is 0.65. Overall, Pan American Silver has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Scaled Net Operating Assets compare to NEM and AU?
Pan American Silver's Scaled Net Operating Assets of 0.65 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 Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pan American Silver and its competitors. Pan American Silver's current Scaled Net Operating Assets is 0.65. 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 (BUE:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS16,638.48, compared to a current price of ARS23,370.00 — trading 40.5% above its estimated fair value. The current Scaled Net Operating Assets is 0.65. Pan American Silver's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Pan American Silver (BUE:PAAS), the current Scaled Net Operating Assets is 0.65 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 (BUE:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of ARS23,370.00 is trading 40.5% above its estimated GF Value™ of ARS16,638.48.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for BUE:PAAS:
Scaled Net Operating Assets: 0.65
GF Value™: ARS16,638.48 vs. price of ARS23,370.00 (40.5% above fair value)
No single metric tells the full story. See the BUE: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.
62GF Score
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