Latest Ratios: P/E Ratio -19.8x · EV/EBITDA 90.0x · ROE -22.8%. (2001–2025 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 | $2.5B | $2.7B | $886M | $390M | $601M | $720M | $776M | $326M | $276M | $306M | $419M |
| Enterprise Value | $2.5B | $2.7B | $900M | $364M | $533M | $628M | $726M | $313M | $243M | $268M | $356M |
| P/E Ratio → | -19.79 | — | — | 63.55 | 100.62 | 52.10 | 637.97 | — | — | 29.88 | 117.33 |
| P/S Ratio | 5.37 | 5.68 | 4.07 | 1.90 | 2.86 | 4.36 | 5.61 | 2.68 | 1.84 | 2.03 | 2.67 |
| P/B Ratio | 4.17 | 4.60 | 1.83 | 1.01 | 1.90 | 3.03 | 4.88 | 2.66 | 1.91 | 2.09 | 3.14 |
| P/FCF | — | — | — | — | — | — | 57.83 | — | — | — | 125.67 |
| P/OCF | 45.30 | 47.90 | 46.38 | 33.10 | 10.92 | 30.70 | 19.93 | — | 10.38 | 19.62 | 18.24 |
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 | — | 5.74 | 4.14 | 1.77 | 2.53 | 3.80 | 5.24 | 2.57 | 1.62 | 1.78 | 2.27 |
| EV / EBITDA | 89.98 | 95.08 | 22.81 | 9.71 | 10.75 | 13.44 | 25.87 | — | 12.51 | 10.55 | 10.65 |
| EV / EBIT | 89.98 | 95.08 | — | 19.07 | 20.70 | 20.66 | — | — | — | 35.29 | 26.85 |
| EV / FCF | — | — | — | — | — | — | 54.08 | — | — | — | 106.68 |
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 | 11.0% | 11.0% | 19.3% | 17.8% | 24.5% | 22.0% | 19.7% | -14.3% | 2.3% | 18.9% | 24.8% |
| Operating Margin | 6.0% | 6.0% | 3.8% | 4.2% | 11.2% | 13.4% | -0.6% | -36.1% | -11.6% | 5.1% | 12.3% |
| Net Profit Margin | -25.9% | -25.9% | -14.5% | 3.0% | 3.0% | 8.4% | 0.8% | -39.5% | -8.3% | 6.4% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.8% | -22.8% | -7.2% | 1.7% | 2.2% | 7.0% | 0.8% | -35.9% | -8.5% | 6.9% | 4.2% |
| ROA | -12.4% | -12.4% | -5.3% | 1.4% | 1.8% | 5.5% | 0.6% | -28.2% | -7.0% | 5.4% | 2.7% |
| ROIC | 3.8% | 3.8% | 1.5% | 2.1% | 8.9% | 13.1% | -0.5% | -29.8% | -12.0% | 6.5% | 23.3% |
| ROCE | 3.5% | 3.5% | 1.6% | 2.3% | 7.8% | 10.4% | -0.5% | -30.0% | -11.3% | 5.0% | 17.9% |
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 | 0.42 | 0.42 | 0.25 | 0.02 | 0.05 | 0.05 | 0.07 | 0.08 | — | — | 0.07 |
| Debt / EBITDA | 8.61 | 8.61 | 3.05 | 0.25 | 0.31 | 0.25 | 0.38 | — | — | — | 0.27 |
| Net Debt / Equity | — | 0.05 | 0.03 | -0.07 | -0.21 | -0.39 | -0.32 | -0.11 | -0.23 | -0.26 | -0.48 |
| Net Debt / EBITDA | 1.01 | 1.01 | 0.35 | -0.69 | -1.37 | -1.96 | -1.79 | — | -1.72 | -1.51 | -1.90 |
| Debt / FCF | — | — | — | — | — | — | -3.75 | — | — | — | -18.99 |
| Interest Coverage | 2.09 | 2.09 | -23.73 | 23.21 | 32.58 | 42.06 | -0.13 | -110.69 | -79.66 | 11.63 | 12.17 |
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 | 1.53 | 1.53 | 2.00 | 1.73 | 2.77 | 3.99 | 3.04 | 2.55 | 3.32 | 3.98 | 3.56 |
| Quick Ratio | 1.30 | 1.30 | 1.54 | 1.26 | 2.41 | 3.31 | 2.56 | 2.00 | 2.68 | 3.39 | 3.14 |
| Cash Ratio | 0.78 | 0.78 | 1.36 | 0.69 | 1.74 | 2.82 | 1.91 | 0.94 | 1.42 | 1.73 | 2.27 |
| Asset Turnover | — | 0.38 | 0.30 | 0.43 | 0.53 | 0.56 | 0.66 | 0.74 | 0.85 | 0.84 | 0.87 |
| Inventory Turnover | 6.70 | 6.70 | 4.88 | 6.19 | 8.27 | 4.69 | 6.68 | 10.24 | 9.87 | 9.29 | 8.78 |
| Days Sales Outstanding | — | 69.84 | 17.56 | 45.38 | 31.54 | 32.32 | 53.24 | 68.82 | 65.35 | 82.49 | 59.51 |
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 | — | — | — | 1.6% | 1.0% | 1.9% | 0.2% | — | — | 3.3% | 0.9% |
| FCF Yield | — | — | — | — | — | — | 1.7% | — | — | — | 0.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $283M | $242M | $198M | $185M | $171M | $154M | $135M | $129M | $128M | $119M |
High Mexican sovereign exposure
According to current market data, EXK trades at an EV/EBITDA of 88.10, a multiple that appears to price in significant future production growth from the Terronera project rather than reflecting the company's historical inability to generate consistent positive net income or meaningful free cash flow.
The absence of a positive P/E ratio underscores that the market is valuing the company as a long-dated option on silver prices and project execution. Investors should monitor whether the forward EV/EBITDA of 21.41 remains justifiable if the commissioning of Terronera faces further regulatory or operational delays.
Based on reported figures, the company's ROIC has fluctuated between -0.6% and 9.9% over the last ten quarters, suggesting that Endeavour Silver has struggled to consistently deploy capital in a manner that generates returns exceeding its cost of capital during the current development cycle.
The volatility in ROIC reflects the heavy capital intensity of the Terronera project relative to the modest returns generated by legacy assets. This pattern indicates that the company is currently in a value-destructive phase of the capital cycle, which warrants caution until the new project reaches steady-state production.
As indicated by quarterly financial data, the cash conversion cycle has remained erratic, swinging from a negative 27 days in 2024Q4 to a positive 19 days in 2025Q3, which highlights the operational challenges in managing inventory and dore shipment timing within the Mexican mining environment.
The inconsistency in the cash conversion cycle suggests that the company lacks the working capital leverage of its larger peers. Investors should monitor whether the recent stabilization in the cycle can be maintained as the company scales production at its new, higher-capacity mining operations.
As reported in recent balance sheets, the debt-to-equity ratio has trended upward to 0.38 in 2026Q1, signaling that the company is increasingly reliant on external leverage to fund its capital-intensive development pipeline while simultaneously managing the inherent volatility of its underlying silver-gold production revenue streams.
While the current debt-to-equity ratio remains manageable compared to some industrial sectors, the negative interest coverage ratio in several recent periods suggests that debt service could become a significant burden if silver prices retreat. The reliance on debt to bridge operational cash flow gaps warrants close monitoring.
The price-to-sales ratio is frequently misapplied to Endeavour Silver, as it obscures the company's high-cost structure and the significant gap between revenue growth and actual cash generation, failing to account for the heavy capital expenditure requirements inherent in the firm's current underground mining development strategy.
Investors should instead focus on the All-In Sustaining Cost (AISC) per ounce and the free cash flow yield, as these metrics provide a more accurate picture of the company's ability to survive as a standalone entity. Relying on P/S ignores the reality that revenue growth is meaningless if the cost of extraction exceeds the spot price of the metal.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying EXK stock.
Endeavour Silver Corp.'s current P/E ratio is -19.8x. The historical average is 62.5x.
Endeavour Silver Corp.'s current EV/EBITDA is 90.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.2x.
Endeavour Silver Corp.'s return on equity (ROE) is -22.8%. The historical average is -39.5%.
Based on historical data, Endeavour Silver Corp. is trading at a P/E of -19.8x. Compare with industry peers and growth rates for a complete picture.
Endeavour Silver Corp. has 11.0% gross margin and 6.0% operating margin.
Endeavour Silver Corp.'s Debt/EBITDA ratio is 8.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.