PAAS vs EXK Stock Comparison

Pan American Silver and Endeavour Silver Prices as of Oct 23, 2026 Peers: Industry group
EXK Endeavour Silver Corp
$7.47 -19.3% 1M -7.3% 1Y
Market cap
$2.12B
P/E
32.3x
Revenue (TTM)
$737.30M
Div. yield
–
Silver Basic Materials
5 wins

Head to Head

11 decided of 12

Pan American Silver leads on 6 of the 12 questions below (Pan American Silver 6, Endeavour Silver 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASEXKLeader
Larger companyMarket capitalisation $15.38B $2.12B PAAS
Cheaper on earningsLower P/E, profitable companies only 49.6x 32.3x EXK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 11.3x EXK
Faster revenue growthRevenue growth, trailing twelve months +2.3% +197.5% EXK
More profitableNet margin, trailing twelve months 9.7% 8.9% PAAS
Better return on capitalReturn on invested capital 0.0% 16.1% EXK
Less leveragedLower net debt / EBITDA -4.4x -0.9x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +10.8% -7.3% PAAS
Better 5-year returnAnnualised price return, 5 years +9.0%/yr +8.4%/yr PAAS
Less volatileAnnualised volatility, 1 year 58.0% 76.3% PAAS
Higher overall scoreMean of the five percentile scores vs peers 67/100 69/100 EXK

Percentile Scorecard

PAASEXK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPAASEXK
Valuation 57 #70 of 162 69 #51 of 162
Growth 73 #40 of 147 87 #20 of 147
Profitability 52 #59 of 122 67 #41 of 122
Financial Health 85 #26 of 166 63 #62 of 166
Shareholder Returns 70 #33 of 107 60 #43 of 107
Overall 67 69
  • PAAS ranked among 176 companies in Metals and Mining
  • EXK ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPAASEXKSPY
1 month -16.6%-19.3% -1.0%
3 months -8.9%-4.5% +2.9%
6 months -28.3%-22.6% +6.4%
Year to date -22.6%-20.5% +11.4%
1 year +10.8%-7.3% +13.1%
3 years +163.1%+217.9% +79.4%
3 years, per year +38.1%+47.1% +21.5%
5 years +54.1%+49.4% +67.7%
5 years, per year +9.0%+8.4% +10.9%
10 years +137.7%+63.1% +255.2%
10 years, per year +9.0%+5.0% +13.5%

Risk

MeasurePAASEXKSPY
Volatility, 1Y 58.0%76.3% 12.7%
Downside volatility, 1Y 60.2%77.5% 12.7%
Beta vs S&P 500, 1Y 2.013.11 1.00
Return / volatility, 1Y 0.19-0.10 1.03
Max drawdown, 5Y -59.2%-75.1% -25.4%
From 52-week high -41.6%-47.1% -2.5%
52-week high $68.70$14.12 $779.14
52-week low $33.20$7.07 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePAASEXK
P/E now vs peer median 49.4xmedian 12.7x 32.2xmedian 12.7x
P/S now vs peer median 5.3xmedian 3.1x 2.7xmedian 3.1x
EV/EBITDA now vs peer median 43.2xmedian 6.9x 7.0xmedian 6.9x
P/FCF now vs peer median 15.1xmedian 15.1x 11.8xmedian 15.1x
P/B now vs peer median 2.3xmedian 2.1x 2.8xmedian 2.1x
PEG now vs peer median 1.12median 0.27 0.89median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPAASEXK
Revenue $3.19B $737.30M
Gross profit $882.07M $229.80M
Operating income $1.90M $176.30M
Net income $930.65M -$124.97M
Free cash flow $1.12B $165.81M
EPS (diluted) $0.81 $0.23
Cash & equivalents $1.57B $236.60M
Total debt $3.00M $337.87M
Shares (diluted) 381.58M 283.08M
Enterprise value $10.23B $1.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPAASEXK
P/E 49.4x 32.2x
P/FCF 15.1x 11.8x
P/Operating cash flow 15.1x 19.0x
P/S 5.3x 2.7x
P/B 2.3x 2.8x
P/Tangible book 2.3x 2.8x
EV/EBITDA 43.2x 7.0x
EV/EBIT 8,078x 9.8x
EV/Revenue 4.8x 2.3x
EV/FCF 13.7x 10.4x
EV/Operating cash flow 13.7x 16.8x
PEG (3Y EPS CAGR) 1.12 0.89

Growth

14 metrics
MetricPAASEXK
Revenue growth (1Y) 2.3% 197.5%
Revenue CAGR (3Y) 22.3% 48.1%
Gross profit growth (1Y) -0.3% 463.2%
Gross profit CAGR (3Y) 104.0% 60.7%
Operating income growth (1Y) 116.1% 834.6%
Operating income CAGR (3Y) 127.1% 42.2%
Net income growth (1Y) 123.6% -24.8%
Net income CAGR (3Y) 75.4% -122.0%
EPS growth (1Y) -57.1% 260.2%
EPS CAGR (3Y) 44.1% 36.3%
Operating cash flow growth (1Y) 74.4% 261.3%
Operating cash flow CAGR (3Y) – 22.3%
Free cash flow growth (1Y) 66.2% 1,855%
Free cash flow CAGR (3Y) 56.4% 7.0%

Profitability

14 metrics
MetricPAASEXK
Gross margin 27.7% 31.2%
EBITDA margin 11.1% 33.5%
Operating margin 0.1% 23.9%
Pretax margin 0.1% -7.7%
Net margin 9.7% 8.9%
FCF margin 35.1% 22.5%
Operating cash flow margin 35.1% 14.0%
Return on equity 0.0% 9.7%
Return on assets 0.0% 5.2%
Return on invested capital 0.0% 16.1%
Return on capital employed 0.0% 16.9%
Asset turnover 0.3x 0.6x
Cash conversion (OCF / net income) 1.2x -0.8x
Stock comp / revenue – 0.5%

Financial Health

11 metrics
MetricPAASEXK
Debt / assets 0.0% 0.4%
Debt / equity 0.0x 0.0x
Net debt / EBITDA -4.4x -0.9x
Debt / FCF 0.0x 0.0x
Liabilities / assets 27.5% 44.0%
Equity / assets 72.5% 56.0%
Interest coverage 21.3x 7.5x
Current ratio 14.1x 2.0x
Quick ratio 2.5x 1.4x
Cash ratio 2.2x 1.1x
Altman Z-score 5.04 2.94

Shareholder Returns

7 metrics
MetricPAASEXK
Dividend yield 1.7% –
Net buyback yield -1.5% -0.4%
Shareholder yield 0.2% -0.4%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPAASEXK
Forward P/E 12.9xFY2026 11.3xFY2026
EPS, next fiscal year $3.11FY2026 $0.66FY2026
EPS growth, next FY +22.9%FY2026 –
EPS growth, the year after +37.3% +47.0%
Revenue, next fiscal year $4.45BFY2026 $813.71MFY2026
Revenue growth, next FY +23.3%FY2026 +88.0%FY2026
Revenue growth, the year after +12.6% +39.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASEXK
Held by institutions 56.5% 50.1%
Institutions holding 584 222
Change in shares held, QoQ -1.0% -6.4%
Institutions buying 268 122
Institutions selling 199 55
Buyers to sellers 1.35 2.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PAASEXK
PAAS 1.00 0.88
EXK 0.88 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS and EXK?

Pan American Silver (PAAS) is the largest by market capitalisation: Pan American Silver (PAAS) $15.38B, Endeavour Silver (EXK) $2.12B.

Which stock is cheaper, PAAS and EXK?

Endeavour Silver (EXK) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 49.6x, Endeavour Silver (EXK) 32.3x). On next year's consensus earnings, Endeavour Silver (EXK) is cheapest (Pan American Silver (PAAS) 12.9x, Endeavour Silver (EXK) 11.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Endeavour Silver (EXK) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, Endeavour Silver (EXK) +197.5%.

Which company is more profitable?

Pan American Silver (PAAS) has the highest net margin (Pan American Silver (PAAS) 9.7%, Endeavour Silver (EXK) 8.9%). On return on invested capital, Endeavour Silver (EXK) leads (Pan American Silver (PAAS) 0.0%, Endeavour Silver (EXK) 16.1%).

Which stock has performed better?

Over the past year Pan American Silver (PAAS) returned the most: Pan American Silver (PAAS) +10.8%, Endeavour Silver (EXK) -7.3%. Over five years, Pan American Silver (PAAS) compounded fastest (Pan American Silver (PAAS) +9.0%/yr, Endeavour Silver (EXK) +8.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Pan American Silver (PAAS) 58.0%, Endeavour Silver (EXK) 76.3%). Volatility measures how widely the price swings, not the risk of the business.

Do PAAS and EXK move together?

Their daily returns over the past year have a correlation of 0.88, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, PAAS and EXK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Pan American Silver (PAAS) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.