Latest Ratios: P/E Ratio 17.8x · EV/EBITDA 10.0x · ROE 26.4%. (1996–2025 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 | $10.4B | $11.6B | $2.3B | $1.1B | $925M | $1.3B | $2.5B | $1.8B | $843M | $1.4B | $1.5B |
| Enterprise Value | $10.3B | $11.4B | $2.8B | $1.6B | $1.4B | $1.7B | $2.7B | $2.0B | $1.2B | $1.6B | $1.6B |
| P/E Ratio → | 17.82 | 19.81 | 38.13 | — | — | — | 94.09 | — | — | — | 26.74 |
| P/S Ratio | 5.05 | 5.61 | 2.18 | 1.36 | 1.18 | 1.51 | 3.20 | 2.48 | 1.35 | 1.95 | 2.60 |
| P/B Ratio | 3.15 | 3.50 | 2.04 | 1.09 | 1.04 | 1.57 | 3.62 | 2.65 | 0.99 | 1.69 | 1.93 |
| P/FCF | 15.69 | 17.43 | — | — | — | — | 50.79 | — | — | 19.26 | 59.90 |
| P/OCF | 11.78 | 13.08 | 13.16 | 16.62 | 36.09 | 11.41 | 16.88 | 19.24 | 48.40 | 6.63 | 11.81 |
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 | — | 5.51 | 2.69 | 1.96 | 1.77 | 2.04 | 3.44 | 2.84 | 1.90 | 2.26 | 2.76 |
| EV / EBITDA | 10.03 | 11.16 | 9.28 | 20.80 | 16.06 | 5.13 | 7.22 | 7.32 | 4.72 | 4.68 | 5.12 |
| EV / EBIT | 13.66 | 15.20 | 15.44 | — | — | 23.20 | 26.95 | — | — | 40.97 | 33.33 |
| EV / FCF | — | 17.15 | — | — | — | — | 54.73 | — | — | 22.31 | 63.63 |
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 | 39.3% | 39.3% | 39.4% | 16.3% | 17.6% | 34.0% | 39.2% | 19.9% | 26.9% | 35.3% | 38.8% |
| Operating Margin | 36.3% | 36.3% | 15.6% | -4.7% | -5.0% | 23.0% | 29.5% | 11.9% | 17.8% | 26.3% | 31.5% |
| Net Profit Margin | 28.3% | 28.3% | 5.6% | -12.6% | -9.9% | -3.8% | 3.3% | -48.0% | -7.7% | -0.2% | 9.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 26.4% | 26.4% | 5.5% | -10.8% | -9.2% | -4.2% | 3.8% | -44.9% | -5.8% | -0.2% | 9.3% |
| ROA | 16.7% | 16.7% | 2.7% | -5.3% | -4.4% | -2.0% | 1.8% | -22.1% | -2.8% | -0.1% | 4.2% |
| ROIC | 23.5% | 23.5% | 7.7% | -2.0% | -2.3% | 13.5% | 19.2% | 6.0% | 7.5% | 15.1% | 17.7% |
| ROCE | 23.9% | 23.9% | 8.7% | -2.3% | -2.5% | 14.4% | 19.7% | 6.2% | 7.4% | 13.9% | 15.0% |
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 | 0.11 | 0.11 | 0.54 | 0.54 | 0.59 | 0.62 | 0.42 | 0.46 | 0.54 | 0.50 | 0.27 |
| Debt / EBITDA | 0.36 | 0.36 | 1.97 | 7.16 | 6.09 | 1.50 | 0.77 | 1.12 | 1.83 | 1.20 | 0.68 |
| Net Debt / Equity | — | -0.06 | 0.49 | 0.48 | 0.52 | 0.55 | 0.28 | 0.38 | 0.40 | 0.27 | 0.12 |
| Net Debt / EBITDA | -0.18 | -0.18 | 1.79 | 6.37 | 5.38 | 1.33 | 0.52 | 0.92 | 1.37 | 0.64 | 0.30 |
| Debt / FCF | — | -0.28 | — | — | — | — | 3.95 | — | — | 3.06 | 3.72 |
| Interest Coverage | 24.26 | 24.26 | 3.59 | -1.33 | -1.78 | 4.46 | 4.85 | -3.79 | -0.66 | 2.38 | 1.28 |
Net cash position: cash ($554M) exceeds total debt ($365M)
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 | 2.00 | 2.00 | 0.83 | 0.92 | 1.37 | 1.23 | 1.15 | 1.10 | 1.84 | 1.97 | 3.52 |
| Quick Ratio | 1.58 | 1.58 | 0.31 | 0.38 | 0.71 | 0.67 | 0.61 | 0.46 | 0.97 | 1.39 | 2.17 |
| Cash Ratio | 1.41 | 1.41 | 0.17 | 0.21 | 0.43 | 0.24 | 0.40 | 0.29 | 0.71 | 0.84 | 1.39 |
| Asset Turnover | — | 0.44 | 0.46 | 0.39 | 0.43 | 0.48 | 0.56 | 0.52 | 0.37 | 0.42 | 0.43 |
| Inventory Turnover | 7.69 | 7.69 | 3.73 | 4.41 | 4.47 | 4.15 | 3.79 | 4.67 | 3.24 | 3.48 | 2.22 |
| Days Sales Outstanding | — | 12.05 | 10.36 | 13.79 | 16.88 | 14.21 | 10.91 | 9.58 | 17.35 | 9.81 | 34.09 |
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 | 5.6% | 5.0% | 2.6% | — | — | — | 1.1% | — | — | — | 3.7% |
| FCF Yield | 6.4% | 5.7% | — | — | — | — | 2.0% | — | — | 5.2% | 1.7% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $651M | $401M | $343M | $275M | $250M | $243M | $219M | $189M | $184M | $163M |
Commodity price volatility exposure
Based on current market data, Coeur Mining trades at a forward P/E of 9.31, which appears to reflect a significant discount relative to its historical averages and peer group, potentially signaling that the market has yet to fully price in the earnings power of the Rochester expansion.
The current PEG ratio of 0.34 suggests that the market is pricing in a conservative growth outlook that may be disconnected from the company's recent operational scaling. Investors should monitor whether this valuation gap persists as the company demonstrates sustained cash flow generation, as the current multiple may undervalue the firm's transition from a capital-intensive developer to a cash-generative producer.
As reported in recent financial statements, ROIC has trended upward to 3.7% in 2026Q1 from negative levels in 2023, indicating that the company is beginning to generate positive returns on its massive capital investments in the Rochester and Palmarejo assets.
The improvement in ROIC suggests that the company's capital allocation strategy is finally yielding tangible returns as the Rochester POA 11 project reaches design capacity. While these returns remain modest compared to historical peaks, the trajectory indicates a fundamental shift in the company's ability to compound value rather than merely consuming capital.
According to quarterly filings, the asset turnover ratio remains low at 0.09 in 2026Q1, which is a structural reality for a capital-intensive mining firm that has recently undergone a massive expansion of its property, plant, and equipment base.
The low asset turnover reflects the significant increase in the company's asset base, which now requires higher production volumes to achieve optimal efficiency. Investors should watch for improvements in this metric as the company optimizes its throughput and reduces the time required to convert raw ore into finished metal products.
Based on the latest balance sheet, the current ratio has surged to 5.81 in 2026Q1, providing a substantial liquidity buffer that significantly reduces the company's vulnerability to short-term commodity price shocks or operational disruptions at its primary mining sites.
This liquidity position is a marked improvement from the sub-1.0 ratios observed in 2024, reflecting the successful deleveraging of the balance sheet. The company now appears well-positioned to navigate periods of market volatility without the immediate need for external financing, which is a critical advantage in the cyclical mining sector.
The most commonly misapplied metric for Coeur Mining is the silver-primary valuation multiple, which obscures the company's actual revenue composition where gold now contributes a significant and growing portion of the top line.
By valuing the company strictly as a silver play, investors may be ignoring the operational stability provided by its gold-heavy assets like Wharf and Kensington. A more accurate approach would involve a sum-of-the-parts valuation that accounts for the distinct risk-reward profiles of the gold and silver segments rather than applying a single, volatile silver-beta multiple to the entire enterprise.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CDE stock.
Coeur Mining, Inc.'s current P/E ratio is 17.8x. The historical average is 44.4x. This places it at the 11th percentile of its historical range.
Coeur Mining, Inc.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
Coeur Mining, Inc.'s return on equity (ROE) is 26.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -26.6%.
Based on historical data, Coeur Mining, Inc. is trading at a P/E of 17.8x. This is at the 11th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Coeur Mining, Inc. has 39.3% gross margin and 36.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Coeur Mining, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.