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	Apr '26 Apr 28, 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	31,789	30,033	10,598	7,883	4,656	6,637
Market Cap Growth	154.70%	183.38%	34.44%	69.30%	-29.85%	-28.06%
Enterprise Value	31,183	30,001	11,114	8,564	4,529	6,327
Last Close Price	75.35	70.97	28.54	20.75	20.68	28.84
PE Ratio	21.47	22.40	65.76	-	-	53.83
Forward PE	12.12	13.30	13.71	26.48	43.26	14.57
PS Ratio	6.41	6.05	2.61	2.58	2.30	3.21
PB Ratio	3.31	3.13	1.56	1.25	1.56	1.99
P/TBV Ratio	3.31	3.13	1.57	1.25	1.57	2.00
P/FCF Ratio	22.75	21.50	18.37	83.83	-	35.29
P/OCF Ratio	17.39	16.43	10.17	13.26	108.19	13.38
PEG Ratio	-	1.46	1.46	0.49	-	5.92
EV/Sales Ratio	6.28	6.05	2.74	2.80	2.24	3.06
EV/EBITDA Ratio	13.00	13.44	8.42	11.54	12.65	8.43
EV/EBIT Ratio	18.55	19.04	21.46	128.16	-	17.71
EV/FCF Ratio	22.32	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	4.22%	4.46%	1.52%	-1.74%	-9.93%	1.86%
FCF Yield	4.40%	4.65%	5.44%	1.19%	-7.06%	2.83%
Dividend Yield	1.30%	0.89%	2.02%	2.54%	2.88%	1.49%
Payout Ratio	21.31%	17.89%	129.46%	-	-	73.39%
Buyback Yield / Dilution	-5.00%	-5.00%	-11.29%	-55.11%	-0.04%	-0.07%
Total Shareholder Return	-3.71%	-4.11%	-9.27%	-52.56%	2.84%	1.43%

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