Latest Ratios: P/E Ratio 14.5x · EV/EBITDA 12.2x · ROE 22.2%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.8B | $16.3B | $7.6B | $5.4B | $4.0B | $3.0B | $3.5B | $2.4B | $1.4B | $2.0B | $1.8B |
| Enterprise Value | $12.4B | $15.9B | $7.5B | $5.1B | $3.9B | $2.8B | $3.2B | $2.2B | $1.2B | $1.8B | $1.9B |
| P/E Ratio → | 14.53 | 18.37 | 26.72 | 25.42 | 111.96 | — | 23.65 | 24.08 | — | 72.33 | — |
| P/S Ratio | 7.07 | 9.00 | 5.62 | 5.24 | 4.86 | 3.67 | 4.62 | 3.47 | 2.15 | 3.71 | 3.76 |
| P/B Ratio | 2.91 | 3.68 | 2.11 | 1.83 | 1.47 | 1.10 | 1.21 | 0.88 | 0.54 | 0.75 | 1.03 |
| P/FCF | 47.27 | 60.15 | 32.11 | 43.31 | — | — | 51.19 | — | — | 2011.73 | — |
| P/OCF | 16.24 | 20.67 | 11.45 | 11.34 | 13.36 | 8.47 | 9.38 | 9.10 | 6.56 | 12.30 | 13.37 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.78 | 5.59 | 5.02 | 4.70 | 3.46 | 4.33 | 3.20 | 1.84 | 3.36 | 3.87 |
| EV / EBITDA | 12.16 | 15.58 | 9.65 | 10.11 | 13.64 | 15.32 | 8.49 | 7.51 | 8.33 | 10.04 | 13.31 |
| EV / EBIT | 15.40 | 16.29 | 14.58 | 16.90 | 35.70 | 418.73 | 14.55 | 16.64 | — | 63.29 | 113.84 |
| EV / FCF | — | 58.72 | 31.93 | 41.50 | — | — | 47.96 | — | — | 1822.63 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.3% | 54.3% | 44.2% | 37.7% | 25.9% | 35.2% | 36.4% | 23.7% | 1.9% | 15.8% | 11.0% |
| Operating Margin | 44.5% | 44.5% | 41.7% | 31.1% | 13.6% | 1.8% | 30.4% | 18.4% | -3.5% | 10.3% | 4.4% |
| Net Profit Margin | 49.1% | 49.1% | 21.1% | 20.5% | 4.5% | -8.1% | 19.3% | 14.1% | -11.1% | 4.9% | -3.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.2% | 22.2% | 8.7% | 7.4% | 1.4% | -2.4% | 5.2% | 3.6% | -2.7% | 1.2% | -1.0% |
| ROA | 15.2% | 15.2% | 6.1% | 5.5% | 1.0% | -1.8% | 4.1% | 2.9% | -2.2% | 0.9% | -0.7% |
| ROIC | 15.9% | 15.9% | 13.5% | 9.0% | 3.2% | 0.4% | 6.6% | 3.8% | -0.7% | 2.0% | 0.9% |
| ROCE | 15.1% | 15.1% | 13.0% | 8.8% | 3.2% | 0.4% | 6.7% | 3.9% | -0.7% | 2.0% | 0.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 |
| Debt / EBITDA | 0.23 | 0.23 | 0.37 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.06 | 2.17 |
| Net Debt / Equity | — | -0.09 | -0.01 | -0.08 | -0.05 | -0.06 | -0.08 | -0.07 | -0.08 | -0.07 | 0.03 |
| Net Debt / EBITDA | -0.38 | -0.38 | -0.05 | -0.44 | -0.46 | -0.93 | -0.57 | -0.63 | -1.41 | -1.04 | 0.38 |
| Debt / FCF | — | -1.43 | -0.17 | -1.82 | — | — | -3.23 | — | — | -189.10 | — |
| Interest Coverage | 2464.05 | 2464.05 | 72.35 | 29.51 | 18.96 | 1.51 | 51.74 | 52.56 | -11.80 | 4.36 | 0.68 |
Net cash position: cash ($622M) exceeds total debt ($234M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.72 | 1.72 | 1.51 | 2.36 | 2.42 | 2.92 | 3.22 | 3.10 | 2.88 | 3.95 | 4.56 |
| Quick Ratio | 1.33 | 1.33 | 0.96 | 1.27 | 1.14 | 1.65 | 2.21 | 2.10 | 2.05 | 2.52 | 3.24 |
| Cash Ratio | 1.20 | 1.20 | 0.82 | 0.96 | 0.82 | 1.25 | 1.80 | 1.62 | 1.62 | 2.09 | 2.67 |
| Asset Turnover | — | 0.28 | 0.25 | 0.26 | 0.22 | 0.23 | 0.21 | 0.20 | 0.20 | 0.16 | 0.19 |
| Inventory Turnover | 3.68 | 3.68 | 3.23 | 2.35 | 2.60 | 2.68 | 3.20 | 4.11 | 5.80 | 2.83 | 3.26 |
| Days Sales Outstanding | — | 9.05 | 12.66 | 18.95 | 16.53 | 17.61 | 16.93 | 22.44 | 4.48 | 4.84 | 33.99 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.2% | 0.5% | 0.7% | 0.9% | 1.1% | 0.7% | 0.7% | 0.6% | 0.3% | 0.3% |
| Payout Ratio | 4.5% | 4.5% | 12.3% | 16.8% | 94.6% | — | 16.6% | 16.2% | — | 22.6% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.9% | 5.4% | 3.7% | 3.9% | 0.9% | — | 4.2% | 4.2% | — | 1.4% | — |
| FCF Yield | 2.1% | 1.7% | 3.1% | 2.3% | — | — | 2.0% | — | — | 0.0% | — |
| Buyback Yield | 0.3% | 0.2% | 0.0% | 0.0% | 0.2% | 0.4% | 0.2% | 0.5% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.6% | 0.5% | 0.5% | 0.7% | 1.1% | 1.5% | 0.9% | 1.1% | 0.6% | 0.3% | 0.3% |
| Shares Outstanding | — | $423M | $411M | $398M | $395M | $393M | $395M | $393M | $390M | $309M | $265M |
Operational integration of Magino
According to current market data, AGI trades at a forward P/E of 12.48, which represents a notable premium compared to peers like Eldorado Gold, likely reflecting investor confidence in the company's low-debt balance sheet and its concentrated, low-risk operational footprint within the Canadian mining jurisdiction.
The current valuation suggests that the market is pricing in a higher degree of operational certainty than is typical for mid-tier gold producers. While the P/FCF of 48.50 appears elevated, it likely reflects the heavy capital expenditure cycle currently underway to integrate the Magino asset, which may obscure the long-term cash-generating potential of the combined complex.
Based on reported financial statements, AGI's ROIC has trended upward from 2.0% in 2023Q4 to 6.2% in 2026Q1, indicating that the company is beginning to see the initial returns on its significant capital investments in the Michipicoten Greenstone Belt and the expansion of the Island Gold complex.
The improvement in ROIC suggests that management's strategy of consolidating regional assets is successfully driving better asset utilization. Investors should monitor whether this trend continues as the Magino mill reaches nameplate capacity, as sustained returns above the cost of capital are essential to justifying the current valuation premium.
As reported in quarterly filings, the company's cash conversion cycle has fluctuated significantly, moving from 81 days in 2023Q4 to -2 days in 2026Q1, which highlights the inherent difficulty in managing inventory and accounts payable during periods of rapid operational expansion and mine site integration.
The shift toward a negative cash conversion cycle suggests improved leverage over suppliers and more efficient inventory management, though this may be partially influenced by the timing of gold sales and heap leach recovery cycles. Analysts should view this efficiency gain with caution until it proves to be a structural feature of the post-acquisition operating model.
Based on the company's reported figures, AGI maintains a highly disciplined capital structure with a debt-to-equity ratio of just 0.05% as of 2026Q1, demonstrating a conservative approach to financing its recent expansion projects despite the significant capital requirements typical of the mid-tier gold mining industry.
This fortress-like balance sheet provides a significant buffer against gold price volatility and potential cost overruns during the integration of Argonaut Gold. The minimal debt load suggests that the company is well-positioned to fund its remaining capital commitments internally without the need for dilutive equity financing.
As indicated by the company's financial history, the P/E ratio is frequently misapplied to AGI, as it fails to account for the non-cash nature of depletion and amortization charges that significantly distort reported earnings in capital-intensive mining operations compared to more traditional manufacturing or service-based business models.
Investors should prioritize EV/EBITDA or P/FCF metrics, as these provide a clearer view of the company's ability to generate cash after accounting for the sustaining capital required to replace depleted reserves. Relying solely on P/E may lead to an inaccurate assessment of the company's true earning power and its ability to sustain long-term dividend growth.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying AGI stock.
Alamos Gold Inc.'s current P/E ratio is 14.5x. The historical average is 47.1x.
Alamos Gold Inc.'s current EV/EBITDA is 12.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
Alamos Gold Inc.'s return on equity (ROE) is 22.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -7.7%.
Based on historical data, Alamos Gold Inc. is trading at a P/E of 14.5x. Compare with industry peers and growth rates for a complete picture.
Alamos Gold Inc.'s current dividend yield is 0.31% with a payout ratio of 4.5%.
Alamos Gold Inc. has 54.3% gross margin and 44.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Alamos Gold Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.