First Majestic Silver Valuation Multiples

First Majestic Silver Overview

About First Majestic Silver

First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.

Founded

1998

HQ

Employees

5.2K

Website

firstmajestic.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $1B

EBITDA: $732M

EV

$15B

Valuation Multiples

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First Majestic Silver Financials

First Majestic Silver reported last 12-month revenue of $1B and EBITDA of $732M.

In the same LTM period, First Majestic Silver generated $805M in gross profit, $732M in EBITDA, and $229M in net income.

First Majestic Silver P&L

In the most recent fiscal year, First Majestic Silver reported revenue of $1B and EBITDA of $675M.

First Majestic Silver expects next 12-month revenue of XXX and NTM EBITDA of XXX

First Majestic Silver Stock Performance

First Majestic Silver has current market cap of $16B, and enterprise value of $15B.

First Majestic Silver's stock price is $31.59.

First Majestic Silver Valuation Multiples

First Majestic Silver trades at 11.0x EV/Revenue multiple, and 20.4x EV/EBITDA.

First Majestic Silver Financial Valuation Multiples

As of March 24, 2026, First Majestic Silver has market cap of $16B and EV of $15B.

Equity research analysts estimate First Majestic Silver's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

First Majestic Silver has a P/E ratio of 68.1x.

First Majestic Silver Margins & Growth Rates

First Majestic Silver's revenue in the last 12 month grew by 34%.

First Majestic Silver's revenue per employee in the last FY averaged $0.3M.

First Majestic Silver's rule of 40 is 88% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

First Majestic Silver's rule of X is 139% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

First Majestic Silver Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

First Majestic Silver M&A Activity

First Majestic Silver acquired XXX companies to date.

Last acquisition by First Majestic Silver was on XXXXXXXX, XXXXX. First Majestic Silver acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

First Majestic Silver Investment Activity

First Majestic Silver invested in XXX companies to date.

First Majestic Silver made its latest investment on XXXXXXXX, XXXXX. First Majestic Silver invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).