Latest Ratios: P/E Ratio 35.7x · EV/EBITDA 27.7x · ROE 15.1%. (1997–2025 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 | $1.0B | $980M | $125M | $66M | $80M | $86M | $108M | $40M | $37M | $71M | $60M |
| Enterprise Value | $924M | $884M | $100M | $66M | $75M | $63M | $99M | $35M | $43M | $80M | $58M |
| P/E Ratio → | 35.71 | 36.53 | 14.68 | 121.86 | 26.88 | — | — | — | 22.51 | 26.80 | 26.30 |
| P/S Ratio | 11.77 | 11.31 | 1.88 | 1.50 | 1.81 | 7.68 | 6.75 | 1.27 | 1.07 | 2.14 | 1.73 |
| P/B Ratio | 4.10 | 4.20 | 0.99 | 0.62 | 0.82 | 1.10 | 1.83 | 0.75 | 0.49 | 1.04 | 0.97 |
| P/FCF | 891.89 | 856.89 | 6.67 | — | 20.02 | — | — | 18.10 | — | — | 52.63 |
| P/OCF | 36.56 | 35.12 | 5.38 | 44.14 | 6.76 | 791.18 | 1501.86 | 7.33 | 3.97 | — | 12.44 |
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 | — | 10.21 | 1.51 | 1.51 | 1.71 | 5.57 | 6.21 | 1.09 | 1.26 | 2.41 | 1.67 |
| EV / EBITDA | 27.70 | 26.50 | 5.51 | 23.73 | 6.85 | 154.43 | — | — | 8.32 | 8.81 | 7.45 |
| EV / EBIT | 31.49 | 30.13 | 6.74 | — | 9.69 | — | — | — | 19.79 | 13.96 | 8.61 |
| EV / FCF | — | 773.36 | 5.35 | — | 18.87 | — | — | 15.55 | — | — | 50.75 |
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 | 48.3% | 48.3% | 35.1% | 17.8% | 34.1% | 31.6% | 1.2% | -0.9% | 18.4% | 33.7% | 33.8% |
| Operating Margin | 33.9% | 33.9% | 22.3% | -0.3% | 19.9% | -15.2% | -29.1% | -14.2% | 5.6% | 18.1% | 16.9% |
| Net Profit Margin | 31.3% | 31.3% | 12.2% | 1.2% | 7.0% | -18.3% | -47.8% | -99.1% | 4.8% | 7.6% | 5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.1% | 15.1% | 7.0% | 0.5% | 3.5% | -3.0% | -13.5% | -48.7% | 2.3% | 3.8% | 4.0% |
| ROA | 12.4% | 12.4% | 5.8% | 0.4% | 3.0% | -2.7% | -10.8% | -34.7% | 1.5% | 2.6% | 2.6% |
| ROIC | 18.4% | 18.4% | 10.7% | -0.1% | 8.9% | -2.4% | -7.1% | -5.2% | 1.8% | 6.6% | 8.7% |
| ROCE | 15.1% | 15.1% | 11.9% | -0.1% | 9.4% | -2.3% | -7.4% | -5.6% | 2.0% | 6.9% | 8.7% |
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 | 0.03 | 0.03 | 0.02 | 0.03 | 0.07 | 0.01 | 0.05 | 0.07 | 0.13 | 0.18 | 0.16 |
| Debt / EBITDA | 0.18 | 0.18 | 0.15 | 1.23 | 0.60 | 2.64 | — | — | 1.87 | 1.35 | 1.24 |
| Net Debt / Equity | — | -0.41 | -0.20 | 0.01 | -0.05 | -0.30 | -0.15 | -0.11 | 0.09 | 0.13 | -0.03 |
| Net Debt / EBITDA | -2.86 | -2.86 | -1.36 | 0.27 | -0.42 | -58.51 | — | — | 1.24 | 0.97 | -0.27 |
| Debt / FCF | — | -83.53 | -1.32 | — | -1.15 | — | — | -2.55 | — | — | -1.87 |
| Interest Coverage | 51.25 | 51.25 | 38.26 | -0.34 | 78.58 | -21.16 | -37.56 | -19.62 | 3.93 | 22.13 | 25.09 |
Net cash position: cash ($102M) exceeds total debt ($6M)
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 | 4.06 | 4.06 | 2.62 | 1.70 | 1.53 | 9.23 | 3.92 | 2.38 | 2.33 | 2.61 | 2.97 |
| Quick Ratio | 3.69 | 3.69 | 2.13 | 1.07 | 1.15 | 7.88 | 3.59 | 1.80 | 1.39 | 1.72 | 2.48 |
| Cash Ratio | 3.13 | 3.13 | 1.76 | 0.19 | 0.67 | 6.44 | 2.33 | 1.01 | 0.33 | 0.43 | 1.84 |
| Asset Turnover | — | 0.30 | 0.45 | 0.34 | 0.36 | 0.13 | 0.23 | 0.44 | 0.31 | 0.32 | 0.37 |
| Inventory Turnover | 3.68 | 3.68 | 5.65 | 4.09 | 4.65 | 1.48 | 9.54 | 5.73 | 3.02 | 2.41 | 3.96 |
| Days Sales Outstanding | — | 58.50 | 19.65 | 83.58 | 52.94 | 148.63 | 126.96 | 80.02 | 100.93 | 120.40 | 69.22 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.7% | 6.8% | 0.8% | 3.7% | — | — | — | 4.4% | 3.7% | 3.8% |
| FCF Yield | 0.1% | 0.1% | 15.0% | — | 5.0% | — | — | 5.5% | — | — | 1.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $158M | $141M | $125M | $118M | $100M | $83M | $70M | $60M | $53M | $44M |
Jurisdictional and commodity volatility
According to current market data, ASM trades at a trailing P/E of 36.18, which appears to price in significant future production growth compared to the more modest multiples observed among larger, more established silver producers like Pan American Silver or Coeur Mining.
The elevated P/S ratio of 11.93 suggests that investors are paying a premium for the company's recent revenue acceleration and its potential to scale production at the Durango site. This valuation may be sensitive to any deceleration in metal output, as the current multiple leaves little room for operational disappointment.
Based on reported financial statements, ASM's ROIC has trended upward from 0.3% in 2023Q4 to 11.5% in 2026Q1, indicating that recent capital investments are beginning to generate meaningful returns as the company optimizes its existing infrastructure and processing capacity.
The expansion in ROIC suggests that management is successfully deploying capital into projects that enhance throughput without requiring excessive debt. Investors should monitor whether this trend persists as the company integrates the La Preciosa project, which will test the scalability of their current return profile.
As reported in quarterly filings, ASM's cash conversion cycle has fluctuated significantly, ranging from 19 to 55 days over the last ten quarters, reflecting the inherent challenges in managing concentrate inventory and the timing of smelter settlements in the Mexican mining sector.
The variability in the CCC suggests that operational efficiency is highly dependent on external logistics and the timing of concentrate shipments. While the current 27-day cycle in 2026Q1 is an improvement, the historical volatility warrants caution regarding the company's ability to maintain consistent working capital management.
According to recent balance sheet data, ASM maintains a debt-to-equity ratio of 0.03, a figure that remains exceptionally low compared to industry peers and provides the company with significant financial flexibility to navigate cyclical downturns in silver and copper prices.
This minimal leverage profile suggests that the company is well-positioned to fund future exploration and development internally. The high interest coverage ratio further indicates that debt service is not a material risk, allowing management to prioritize growth over balance sheet deleveraging.
The P/E ratio is frequently misapplied to ASM, as it fails to account for the significant non-cash depreciation and depletion charges inherent in mining, which can distort earnings and obscure the company's true underlying cash-generating capacity during periods of heavy capital investment.
Investors should instead focus on EV/EBITDA or cash flow-based metrics to better evaluate the company's performance, as these measures are less sensitive to accounting adjustments. Relying solely on P/E may lead to an inaccurate assessment of the company's value relative to its operational peers.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying ASM stock.
Avino Silver & Gold Mines Ltd.'s current P/E ratio is 35.7x. The historical average is 46.0x. This places it at the 60th percentile of its historical range.
Avino Silver & Gold Mines Ltd.'s current EV/EBITDA is 27.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
Avino Silver & Gold Mines Ltd.'s return on equity (ROE) is 15.1%. The historical average is -19.3%.
Based on historical data, Avino Silver & Gold Mines Ltd. is trading at a P/E of 35.7x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Avino Silver & Gold Mines Ltd. has 48.3% gross margin and 33.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Avino Silver & Gold Mines Ltd.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.