Pan American Silver Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	37,100	30,033	10,598	7,883	4,656	6,637
Market Cap Growth	182.55%	183.38%	34.44%	69.30%	-29.85%	-28.06%
Enterprise Value	36,494	30,001	11,114	8,564	4,529	6,327
Last Close Price	87.94	71.16	28.61	20.81	20.73	28.91
PE Ratio	25.05	22.40	65.76	-	-	53.83
Forward PE	15.52	13.30	13.71	26.48	43.26	14.57
PS Ratio	7.48	6.05	2.61	2.58	2.30	3.21
PB Ratio	3.86	3.13	1.56	1.25	1.56	1.99
P/TBV Ratio	3.87	3.13	1.57	1.25	1.57	2.00
P/FCF Ratio	26.55	21.50	18.37	83.83	-	35.29
P/OCF Ratio	20.30	16.43	10.17	13.26	108.19	13.38
PEG Ratio	0.57	1.46	1.46	0.49	-	5.92
EV/Sales Ratio	7.35	6.05	2.74	2.80	2.24	3.06
EV/EBITDA Ratio	15.22	13.44	8.42	11.54	12.65	8.43
EV/EBIT Ratio	21.71	19.04	21.46	128.16	-	17.71
EV/FCF Ratio	26.12	21.47	19.26	91.08	-	33.64
Debt / Equity Ratio	0.13	0.13	0.18	0.17	0.11	0.03
Debt / EBITDA Ratio	0.52	0.52	0.86	1.37	0.94	0.11
Debt / FCF Ratio	0.86	0.86	2.06	11.56	-	0.45
Net Debt / Equity Ratio	-0.06	-0.06	-0.01	0.08	0.05	-0.10
Net Debt / EBITDA Ratio	-0.27	-0.27	-0.07	0.68	0.40	-0.45
Net Debt / FCF Ratio	-0.44	-0.44	-0.15	5.37	-0.43	-1.81
Asset Turnover	0.43	0.43	0.39	0.44	0.44	0.47
Inventory Turnover	2.92	2.92	2.62	2.73	2.42	2.19
Quick Ratio	1.92	1.92	1.57	1.01	0.81	1.22
Current Ratio	2.69	2.69	2.50	2.23	2.11	2.58
Return on Equity (ROE)	16.73%	16.73%	2.38%	-3.01%	-14.06%	3.76%
Return on Assets (ROA)	8.48%	8.48%	3.12%	0.60%	-2.60%	5.08%
Return on Invested Capital (ROIC)	13.83%	16.23%	1.92%	1.36%	-6.01%	4.78%
Return on Capital Employed (ROCE)	12.90%	12.90%	5.50%	0.80%	-4.90%	9.00%
Earnings Yield	3.61%	4.46%	1.52%	-1.74%	-9.93%	1.86%
FCF Yield	3.77%	4.65%	5.44%	1.19%	-7.06%	2.83%
Dividend Yield	1.12%	0.89%	2.01%	2.54%	2.87%	1.49%
Payout Ratio	17.89%	17.89%	129.46%	-	-	73.39%
Buyback Yield / Dilution	-5.00%	-5.00%	-11.29%	-55.11%	-0.04%	-0.07%
Total Shareholder Return	-3.90%	-4.12%	-9.28%	-52.57%	2.83%	1.42%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.