Latest Ratios: P/E Ratio 16.6x · EV/EBITDA 9.5x · ROE 9.8%. (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 | $6.7B | $4.8B | $1.4B | $2.2B | $3.5B | $4.0B | $3.3B | $2.4B | $1.5B | $1.1B | $933M |
| Enterprise Value | $6.5B | $4.6B | $1.4B | $2.0B | $3.2B | $3.5B | $3.0B | $2.1B | $1.3B | $834M | $826M |
| P/E Ratio → | 16.56 | 11.85 | — | — | 17.61 | 10.86 | 19.91 | 40.98 | 229.85 | 15.42 | 14.39 |
| P/S Ratio | 4.02 | 2.87 | 1.41 | 1.54 | 3.04 | 2.74 | 3.86 | 3.89 | 3.49 | 2.36 | 1.90 |
| P/B Ratio | 1.54 | 1.10 | 0.36 | 0.51 | 0.84 | 1.00 | 0.86 | 2.08 | 1.46 | 1.04 | 1.03 |
| P/FCF | 27.12 | 19.35 | — | 11.11 | 149.11 | 9.10 | 19.58 | 314.36 | — | 11.41 | 9.74 |
| P/OCF | 13.89 | 9.91 | 35.08 | 5.22 | 21.67 | 6.63 | 10.72 | 20.00 | 24.55 | 7.33 | 5.47 |
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 | — | 2.79 | 1.37 | 1.43 | 2.76 | 2.38 | 3.50 | 3.54 | 3.08 | 1.86 | 1.68 |
| EV / EBITDA | 9.53 | 6.74 | — | 24.32 | 8.52 | 5.22 | 10.03 | 10.52 | 9.94 | 4.09 | 4.37 |
| EV / EBIT | 13.68 | 9.69 | — | — | 12.18 | 8.09 | 13.84 | 14.37 | 35.70 | 9.29 | 9.27 |
| EV / FCF | — | 18.85 | — | 10.27 | 135.47 | 7.90 | 17.75 | 285.65 | — | 8.97 | 8.62 |
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 | 35.7% | 35.7% | 35.3% | 28.6% | 31.2% | 39.0% | 35.1% | 28.3% | 18.3% | 25.2% | 31.4% |
| Operating Margin | 28.9% | 28.9% | -32.4% | -9.1% | 16.6% | 30.1% | 22.1% | 19.5% | 7.1% | 22.6% | 22.9% |
| Net Profit Margin | 24.3% | 24.3% | -26.2% | -6.9% | 16.9% | 25.0% | 17.8% | 16.9% | 1.5% | 15.4% | 13.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 9.8% | -6.3% | -2.3% | 4.7% | 9.3% | 6.1% | 9.6% | 0.6% | 7.2% | 9.6% |
| ROA | 7.1% | 7.1% | -4.9% | -1.8% | 3.7% | 7.1% | 4.4% | 6.3% | 0.4% | 4.7% | 5.6% |
| ROIC | 8.9% | 8.9% | -6.0% | -2.5% | 3.9% | 9.4% | 6.3% | 10.1% | 2.7% | 9.5% | 13.6% |
| ROCE | 9.2% | 9.2% | -6.3% | -2.6% | 3.8% | 9.0% | 5.8% | 8.0% | 2.1% | 7.3% | 11.1% |
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 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.12 | 0.14 | 0.25 | 0.25 | 0.23 | 0.24 |
| Debt / EBITDA | 0.60 | 0.60 | — | 3.91 | 0.91 | 0.73 | 1.86 | 1.41 | 1.90 | 1.14 | 1.17 |
| Net Debt / Equity | — | -0.03 | -0.01 | -0.04 | -0.08 | -0.13 | -0.08 | -0.19 | -0.17 | -0.22 | -0.12 |
| Net Debt / EBITDA | -0.18 | -0.18 | — | -1.97 | -0.86 | -0.79 | -1.03 | -1.06 | -1.32 | -1.11 | -0.57 |
| Debt / FCF | — | -0.50 | — | -0.83 | -13.64 | -1.19 | -1.83 | -28.72 | — | -2.44 | -1.12 |
| Interest Coverage | 32.26 | 32.26 | -23.47 | -11.18 | 13.60 | 22.72 | 15.54 | 11.70 | 1.27 | 2.75 | 4.04 |
Net cash position: cash ($535M) exceeds total debt ($412M)
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 | 2.08 | 2.08 | 4.70 | 7.01 | 4.93 | 5.64 | 5.71 | 3.84 | 8.81 | 11.19 | 4.88 |
| Quick Ratio | 1.25 | 1.25 | 2.58 | 3.99 | 3.13 | 4.27 | 3.96 | 2.83 | 6.01 | 8.63 | 3.81 |
| Cash Ratio | 0.93 | 0.93 | 1.91 | 3.01 | 2.49 | 3.73 | 3.56 | 2.43 | 5.39 | 8.03 | 3.30 |
| Asset Turnover | — | 0.27 | 0.19 | 0.26 | 0.22 | 0.28 | 0.16 | 0.35 | 0.28 | 0.29 | 0.34 |
| Inventory Turnover | 2.06 | 2.06 | 1.39 | 1.98 | 1.57 | 2.31 | 1.27 | 1.83 | 1.48 | 1.84 | 2.18 |
| Days Sales Outstanding | — | 30.04 | 45.62 | 36.37 | 37.41 | 30.05 | 35.61 | 43.20 | 27.73 | 23.73 | 38.91 |
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 | — | — | — | 2.6% | 1.6% | 1.1% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | 29.1% | 11.6% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 8.4% | — | — | 5.7% | 9.2% | 5.0% | 2.4% | 0.4% | 6.5% | 7.0% |
| FCF Yield | 3.7% | 5.2% | — | 9.0% | 0.7% | 11.0% | 5.1% | 0.3% | — | 8.8% | 10.3% |
| Buyback Yield | 0.0% | 0.0% | 0.7% | 2.6% | 2.9% | 3.7% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.7% | 5.2% | 4.5% | 4.7% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $217M | $202M | $205M | $222M | $228M | $164M | $123M | $121M | $121M | $105M |
Operational and Regulatory Contagion
According to current market data, SSRM trades at a forward P/E of 6.58, which, when compared to the trailing P/E of 15.88, suggests that investors are pricing in a significant recovery in earnings that may be disconnected from the reality of ongoing operational suspensions.
The wide divergence between trailing and forward multiples indicates that the market is heavily discounting the company's near-term earnings potential due to the Çöpler mine incident. This valuation gap warrants caution, as it implies a high degree of confidence in a rapid operational turnaround that remains speculative given the regulatory environment.
Based on reported figures, SSRM's ROIC has struggled to maintain positive momentum, bottoming at -7.1% in 2024Q1 and showing only a modest recovery to 5.6% by 2026Q1, which highlights the company's inability to consistently compound capital during periods of operational disruption.
The erratic trend in ROIC suggests that the company's heavy investment in complex processing infrastructure is not currently yielding adequate returns. Investors should monitor whether management can improve capital allocation efficiency or if the current asset base will continue to drag on overall profitability.
As reported in recent financial statements, the company's cash conversion cycle has exhibited extreme volatility, peaking at 402 days in 2024Q2, which suggests that SSRM is struggling to manage its inventory and receivables effectively amidst significant operational and regulatory headwinds.
The high and fluctuating DIO figures indicate that the company is carrying significant gold-in-process inventory that may be difficult to monetize quickly. This inefficiency in the cash conversion cycle implies that liquidity could be tighter than the headline cash balance suggests, particularly if inventory write-downs become necessary.
According to quarterly filings, SSRM's interest coverage ratio has swung violently from a negative 132.15 in 2023Q4 to a positive 236.52 in 2026Q1, reflecting the company's extreme sensitivity to non-recurring charges and the resulting impact on its ability to service debt obligations.
While the low debt-to-equity ratio of 0.10% provides a theoretical buffer, the volatility in interest coverage suggests that the company's financial flexibility is more constrained than the balance sheet implies. Investors should be wary of relying on these ratios as a sign of stability, as they are heavily influenced by accounting volatility.
The P/E ratio is the most commonly misapplied metric for SSRM, as it fails to account for the massive non-cash impairment charges and operational volatility that frequently distort net income, thereby providing a misleading picture of the company's true earning power.
Instead of relying on P/E, analysts should focus on EV/EBITDA or price-to-NAV, which better capture the underlying cash-generating potential of the mining assets. Using P/E in a business model prone to sudden, large-scale asset write-downs obscures the true cost of production and the sustainability of the company's cash flows.
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SSRM stock.
SSR Mining Inc.'s current P/E ratio is 16.6x. The historical average is 27.4x. This places it at the 55th percentile of its historical range.
SSR Mining Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
SSR Mining Inc.'s return on equity (ROE) is 9.8%. The historical average is -2.7%.
Based on historical data, SSR Mining Inc. is trading at a P/E of 16.6x. This is at the 55th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SSR Mining Inc. has 35.7% gross margin and 28.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
SSR Mining Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.