First Majestic Silver (AG) EV to EBITDA (2010 - 2026)
First Majestic Silver's (AG) quarterly EV to EBITDA came in at 37.93 in Q2 2026, down 38.51% on a YoY basis from 61.69 in Q2 2025, and down 8.59% quarter-over-quarter from 41.5 in Q1 2026.
Analysis
First Majestic Silver (AG) EV to EBITDA (2010 - 2026) Analysis & Trends
First Majestic Silver (AG) has reported EV to EBITDA for 17 consecutive years, with 37.93 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA fell 38.51% year-over-year to 37.93; the trailing twelve-month figure through Jun 2026 stood at 9.9 (down 57.39% YoY), and the FY2025 full-year result was 19.2, up 105.13% from the prior year.
- EV to EBITDA fell to 37.93 in Q2 2026 per AG's latest filing, from 41.5 in the prior quarter.
- Across five years, EV to EBITDA topped out at 650.99 in Q4 2023 and bottomed at 1285.18 in Q1 2022.
- Historically, EV to EBITDA has averaged 7.59 across 5 years, with a median of 34.64 in 2025.
- The sharpest annual moves came in 2022 and 2023: EV to EBITDA sank 707.95% in 2022, then surged 868.76% in 2023.
- Over 5 years, EV to EBITDA stood at 84.68 in 2022, then surged by 868.76% to 650.99 in 2023, then slumped by 91.59% to 54.78 in 2024, then plunged by 42.78% to 31.34 in 2025, then rose by 21.03% to 37.93 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 37.93, 41.5, and 31.34 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coeur Mining | 21.24 Bn | 20.19 Bn | 535.85 Mn |
| 2 | Pan American Silver | 19.55 Bn | 17.98 Bn | 457,000.00 |
| 3 | Hecla Mining | 13.70 Bn | 13.21 Bn | 332.52 Mn |
| 4 | First Majestic Silver | 9.84 Bn | 8.59 Bn | 223.62 Mn |
| 5 | Endeavour Silver | 3.03 Bn | 2.79 Bn | 74.00 Mn |
| 6 | Silvercorp Metals | 2.68 Bn | 2.30 Bn | 104.04 Mn |
| 7 | Americas Gold & Silver | 1.40 Bn | 1.31 Bn | 22.23 Mn |
| 8 | Vizsla Silver | 1.35 Bn | 1.35 Bn | - |
| 9 | New Pacific Metals | 1.00 Bn | 1.00 Bn | - |
| 10 | Santacruz Silver Mining | 888.61 Mn | 821.59 Mn | 51.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.93 |
| Mar 31, 2026 | 41.50 |
| Dec 31, 2025 | 31.34 |
| Sep 30, 2025 | 44.94 |
| Jun 30, 2025 | 61.69 |
| Mar 31, 2025 | 56.71 |
| Dec 31, 2024 | 54.78 |
| Sep 30, 2024 | 472.40 |
| Jun 30, 2024 | -104.02 |
| Mar 31, 2024 | -79.74 |
| Dec 31, 2023 | 650.99 |
| Sep 30, 2023 | -66.98 |
| Jun 30, 2023 | -71.01 |
| Mar 31, 2023 | -12.52 |
| Dec 31, 2022 | -84.68 |
| Sep 30, 2022 | -119.05 |
| Jun 30, 2022 | 507.61 |
| Mar 31, 2022 | -1,285.18 |
| Dec 31, 2021 | 92.85 |
| Sep 30, 2021 | -186.55 |