Latest Ratios: P/E Ratio 32.4x · EV/EBITDA 18.4x · ROE 42.6%. (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 | $141.6B | $120.3B | $69.7B | $64.4B | $44.4B | $45.4B | $47.9B | $31.3B | $22.6B | $34.9B | $23.5B |
| Enterprise Value | $144.7B | $123.4B | $73.5B | $70.2B | $49.5B | $49.9B | $53.3B | $37.3B | $27.8B | $39.9B | $28.9B |
| P/E Ratio → | 32.40 | 27.38 | 21.07 | 26.51 | 16.86 | 13.38 | 30.54 | 21.06 | 14.64 | 48.05 | 30.40 |
| P/S Ratio | 10.55 | 8.96 | 6.10 | 6.50 | 4.42 | 4.15 | 6.00 | 4.29 | 3.19 | 5.25 | 4.37 |
| P/B Ratio | 12.81 | 10.83 | 7.55 | 8.60 | 5.46 | 5.53 | 6.59 | 4.56 | 3.42 | 5.68 | 4.01 |
| P/FCF | 41.33 | 35.09 | 20.54 | 25.10 | 23.97 | 13.36 | 21.87 | 25.96 | 20.33 | 36.63 | — |
| P/OCF | 29.80 | 25.31 | 15.77 | 18.01 | 15.86 | 10.58 | 17.22 | 16.35 | 10.13 | 17.66 | 25.48 |
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 | — | 9.19 | 6.42 | 7.10 | 4.92 | 4.56 | 6.67 | 5.12 | 3.91 | 5.99 | 5.38 |
| EV / EBITDA | 18.39 | 15.68 | 11.48 | 13.97 | 9.46 | 7.26 | 13.67 | 10.61 | 7.81 | 12.05 | 12.94 |
| EV / EBIT | 20.67 | 17.24 | 12.91 | 16.40 | 10.78 | 8.24 | 17.11 | 13.49 | 9.68 | 15.28 | 18.70 |
| EV / FCF | — | 36.00 | 21.64 | 27.39 | 26.69 | 14.67 | 24.31 | 30.99 | 24.92 | 41.83 | — |
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 | 56.7% | 56.7% | 49.7% | 43.6% | 45.4% | 56.6% | 40.7% | 39.6% | 42.0% | 40.6% | 30.8% |
| Operating Margin | 52.2% | 52.2% | 48.6% | 42.4% | 44.1% | 55.5% | 39.1% | 37.8% | 40.6% | 39.4% | 29.2% |
| Net Profit Margin | 32.3% | 32.3% | 29.5% | 24.5% | 26.3% | 31.1% | 19.7% | 20.4% | 21.7% | 10.9% | 14.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 42.6% | 42.6% | 40.4% | 31.0% | 32.3% | 43.9% | 22.2% | 22.1% | 24.2% | 12.1% | 13.9% |
| ROA | 21.6% | 21.6% | 19.1% | 14.3% | 14.8% | 19.3% | 9.4% | 9.6% | 10.9% | 5.4% | 6.0% |
| ROIC | 38.6% | 38.6% | 31.6% | 23.7% | 25.7% | 36.0% | 18.3% | 16.8% | 18.9% | 17.6% | 10.6% |
| ROCE | 39.2% | 39.2% | 34.9% | 26.7% | 27.6% | 38.4% | 20.5% | 19.5% | 22.3% | 21.1% | 13.2% |
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 | 0.67 | 0.67 | 0.76 | 0.94 | 0.87 | 0.91 | 1.03 | 1.16 | 0.90 | 0.97 | 1.01 |
| Debt / EBITDA | 0.94 | 0.94 | 1.09 | 1.40 | 1.36 | 1.09 | 1.93 | 2.27 | 1.68 | 1.80 | 2.66 |
| Net Debt / Equity | — | 0.28 | 0.40 | 0.79 | 0.62 | 0.54 | 0.73 | 0.88 | 0.77 | 0.81 | 0.92 |
| Net Debt / EBITDA | 0.40 | 0.40 | 0.58 | 1.17 | 0.96 | 0.65 | 1.37 | 1.72 | 1.44 | 1.50 | 2.42 |
| Debt / FCF | — | 0.91 | 1.10 | 2.29 | 2.71 | 1.31 | 2.44 | 5.03 | 4.59 | 5.20 | — |
| Interest Coverage | 19.37 | 19.37 | 17.04 | 13.11 | 13.49 | 16.95 | 8.49 | 8.12 | 10.34 | 8.53 | 5.32 |
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 | 3.89 | 3.89 | 2.75 | 3.19 | 4.20 | 2.73 | 3.48 | 2.83 | 2.62 | 2.71 | 2.57 |
| Quick Ratio | 3.40 | 3.40 | 2.28 | 2.46 | 3.38 | 2.30 | 2.79 | 2.11 | 1.77 | 1.82 | 1.56 |
| Cash Ratio | 2.29 | 2.29 | 1.56 | 1.26 | 1.84 | 1.55 | 1.87 | 1.36 | 0.87 | 0.90 | 0.60 |
| Asset Turnover | — | 0.63 | 0.61 | 0.59 | 0.58 | 0.60 | 0.47 | 0.44 | 0.49 | 0.48 | 0.41 |
| Inventory Turnover | 5.50 | 5.50 | 5.48 | 5.48 | 5.41 | 4.88 | 4.99 | 4.12 | 3.98 | 3.79 | 3.68 |
| Days Sales Outstanding | — | 55.01 | 39.71 | 45.30 | 53.54 | 48.29 | 51.96 | 45.68 | 50.02 | 53.56 | 45.36 |
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 | 1.7% | 2.1% | 2.3% | 4.8% | 6.1% | 5.4% | 2.4% | 4.1% | 4.8% | 1.3% | 0.6% |
| Payout Ratio | 57.3% | 57.3% | 48.5% | 127.5% | 102.6% | 72.8% | 73.8% | 85.7% | 70.1% | 62.6% | 17.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.7% | 4.7% | 3.8% | 5.9% | 7.5% | 3.3% | 4.7% | 6.8% | 2.1% | 3.3% |
| FCF Yield | 2.4% | 2.8% | 4.9% | 4.0% | 4.2% | 7.5% | 4.6% | 3.9% | 4.9% | 2.7% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% |
| Total Shareholder Yield | 1.7% | 2.1% | 2.3% | 4.8% | 6.1% | 5.4% | 2.4% | 4.1% | 4.8% | 1.3% | 0.9% |
| Shares Outstanding | — | $838M | $786M | $786M | $773M | $773M | $773M | $773M | $773M | $773M | $774M |
Geopolitical and social disruption
According to recent market data, SCCO trades at a P/E of 32.68, which appears to reflect a significant scarcity premium compared to peers like Hudbay Minerals, as investors price in the company's long-dated reserve life and consistent dividend history despite the cyclical nature of copper markets.
The current forward P/E of 23.10 suggests that the market anticipates sustained earnings growth, yet this valuation remains sensitive to commodity price volatility. Investors should monitor whether this premium is justified by operational execution or if it represents an over-extension relative to the company's historical trading ranges.
As reported in financial statements, SCCO's ROIC has trended upward to 13.0% in 2026Q1, a notable improvement from the 5.0% level observed in 2023Q4, which suggests that the company is successfully compounding capital by leveraging its low-cost porphyry deposits and integrated smelting infrastructure.
This trend indicates that management is effectively deploying capital into high-return projects while maintaining a lean cost structure. The expansion in ROIC appears to be driven by both margin improvement and disciplined asset management, warranting further investigation into whether these returns can be sustained as ore grades fluctuate.
Based on reported figures, SCCO's cash conversion cycle has remained relatively stable at 51 days in 2026Q1, suggesting that the company maintains consistent control over its inventory and receivables despite the inherent complexities of managing large-scale mining operations across multiple jurisdictions in Mexico and Peru.
The stability in the CCC reflects a disciplined approach to working capital, though the DIO of 61 days warrants monitoring for potential inventory build-ups. This efficiency level appears to be a structural advantage that supports the company's strong cash flow generation and overall liquidity position.
As indicated by recent balance sheet filings, SCCO's debt-to-equity ratio has declined to 0.62 in 2026Q1, a conservative level that suggests the company is well-positioned to navigate market downturns without the immediate pressure of significant debt service obligations or restrictive financial covenants.
The interest coverage ratio of 27.62 provides a substantial buffer, indicating that the company's debt service is highly comfortable under current earnings levels. This financial strength appears to provide management with significant optionality for future capital allocation, including potential self-funding of major projects or increased shareholder returns.
The price-to-book ratio of 12.93 is frequently misapplied to SCCO, as it obscures the true value of the company's long-life mineral reserves which are often carried at historical cost rather than their current market-based economic value in the ground.
Investors should instead focus on metrics like EV/Reserve or cash cost per pound, which better capture the company's competitive advantage and long-term earning power. Relying on P/B in this context may lead to an incorrect assessment of the company's valuation relative to its actual asset base.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SCCO stock.
Southern Copper Corporation's current P/E ratio is 32.4x. The historical average is 20.9x. This places it at the 90th percentile of its historical range.
Southern Copper Corporation's current EV/EBITDA is 18.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
Southern Copper Corporation's return on equity (ROE) is 42.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 28.8%.
Based on historical data, Southern Copper Corporation is trading at a P/E of 32.4x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Southern Copper Corporation's current dividend yield is 1.75% with a payout ratio of 57.3%.
Southern Copper Corporation has 56.7% gross margin and 52.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Southern Copper Corporation's Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.