Agnico Eagle Mines Limited (AEM) Key Metrics
AEM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $95.97B
- Enterprise value
- $96.01B
- P/E (TTM)
- 16.2 10-yr median 31.0
- Forward P/E
- 17.0
- PEG ratio
- 28.15
- Price / sales
- 6.6 10-yr median 4.6
- Price / book
- 3.5 10-yr median 2.1
- EV / EBITDA
- 9.2 10-yr median 10.5
- Dividend yield
- 0.95% $1.80 a year
- Beta
- 0.64
AEM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAEM valuation Price multiples at each fiscal year-end price.
AEM returns How much profit the business earns on the capital it uses.
AEM per-share figures Results divided by the shares outstanding at year-end.
AEM financial health Debt, liquidity and how easily interest is covered.
AEM efficiency & capital use Working capital cycle and where the cash goes.
AEM valuation history
AEM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AEM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AEM cash returned to shareholders
AEM price vs earnings per share
AEM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $85.35B | $39.24B | $26.87B | $22.80B | $13.01B | $17.14B | $14.68B | $9.42B | $10.74B | $9.48B |
| Enterprise value | $82.79B | $39.59B | $28.53B | $23.62B | $14.51B | $18.42B | $16.18B | $10.76B | $11.35B | $10.06B |
| P/E ratio | 19.1 | 20.7 | 13.8 | 34.0 | 23.1 | 33.5 | 31.0 | — | 44.6 | 59.7 |
| Price / sales | 7.2 | 4.7 | 4.1 | 4.0 | 3.4 | 5.5 | 5.9 | 4.3 | 4.8 | 4.4 |
| Price / book | 3.4 | 1.9 | 1.4 | 1.4 | 2.2 | 3.0 | 2.9 | 2.1 | 2.2 | 2.1 |
| Price / free cash flow | 20.0 | 18.5 | 28.4 | 40.8 | 32.7 | 39.6 | — | — | — | 36.1 |
| Price / operating cash flow | 12.5 | 9.9 | 10.3 | 10.9 | 9.9 | 14.4 | 16.6 | 15.6 | 14.0 | 12.2 |
| EV / sales | 7.0 | 4.8 | 4.3 | 4.1 | 3.7 | 5.9 | 6.5 | 4.9 | 5.1 | 4.7 |
| EV / EBITDA | 9.9 | 9.0 | 7.2 | 10.4 | 8.3 | 12.4 | 11.8 | 28.6 | 12.2 | 10.5 |
| EV / free cash flow | 19.4 | 18.6 | 30.1 | 42.3 | 36.4 | 42.6 | — | — | — | 38.3 |
| Earnings yield | 5.2% | 4.8% | 7.2% | 2.9% | 4.3% | 3.0% | 3.2% | −3.5% | 2.2% | 1.7% |
| Free cash flow yield | 5.0% | 5.4% | 3.5% | 2.4% | 3.1% | 2.5% | −0.0% | −5.1% | −1.0% | 2.8% |
| Dividend yield | 0.9% | 1.7% | 2.4% | 2.7% | 2.1% | 1.1% | 0.7% | 0.9% | 0.7% | 0.8% |
| Shareholder yield (dividends + buybacks) | 1.7% | 2.1% | 2.6% | 3.2% | 2.1% | 1.1% | 0.7% | 1.2% | 0.9% | 0.9% |
| Share price at fiscal year-end | $169.53 | $78.21 | $54.85 | $51.99 | $53.14 | $70.51 | $61.61 | $40.40 | $46.18 | $42.00 |
| Per share | ||||||||||
| Revenue per share | $23.65 | $16.51 | $13.53 | $13.09 | $15.81 | $12.91 | $10.47 | $9.39 | $9.65 | $9.47 |
| Earnings per share | $8.86 | $3.78 | $3.96 | $1.53 | $2.30 | $2.10 | $1.99 | −$1.40 | $1.04 | $0.70 |
| Operating cash flow per share | $13.54 | $7.89 | $5.31 | $4.78 | $5.38 | $4.90 | $3.70 | $2.60 | $3.30 | $3.45 |
| Free cash flow per share | $8.47 | $4.24 | $1.93 | $1.27 | $1.63 | $1.78 | −$0.00 | −$2.07 | −$0.46 | $1.16 |
| Cash per share | $5.71 | $1.86 | $0.71 | $1.52 | $0.78 | $1.67 | $1.41 | $1.65 | $3.30 | $2.84 |
| Book value per share | $49.15 | $41.52 | $39.65 | $37.04 | $24.52 | $23.38 | $21.46 | $19.51 | $21.28 | $19.90 |
| Tangible book value per share | $40.89 | $33.24 | $31.16 | $32.34 | $22.85 | $21.70 | $19.74 | $17.76 | $15.29 | $13.73 |
| Dividends per share | $1.45 | $1.34 | $1.30 | $1.39 | $1.12 | $0.78 | $0.44 | $0.36 | $0.33 | $0.32 |
| Capex per share | $5.08 | $3.66 | $3.38 | $3.51 | $3.75 | $3.12 | $3.71 | $4.67 | $3.76 | $2.29 |
| Debt per share | $0.64 | $2.56 | $4.09 | $3.41 | $6.93 | $6.93 | $7.73 | $7.39 | $5.92 | $5.38 |
| Shares outstanding | 503.4M | 501.7M | 489.9M | 438.5M | 244.7M | 243.1M | 238.2M | 233.3M | 232.5M | 225.8M |
| Change in shares outstanding | +0.3% | +2.4% | +11.7% | +79.2% | +0.7% | +2.0% | +2.1% | +0.3% | +3.0% | +4.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.6% | 9.4% | 10.9% | 6.0% | 9.6% | 9.5% | 9.8% | −6.9% | 5.1% | 3.7% |
| Return on invested capital (ROIC) | 19.4% | 10.0% | 7.3% | 7.1% | 8.8% | 8.1% | 4.8% | 2.7% | 5.6% | 2.8% |
| Return on assets (ROA) | 13.8% | 6.5% | 7.4% | 4.0% | 5.7% | 5.6% | 5.7% | −4.2% | 3.2% | 2.3% |
| Return on tangible assets | 14.7% | 7.3% | 7.9% | 3.1% | 5.7% | 5.6% | 5.6% | −4.4% | 3.7% | 2.8% |
| Free cash flow margin | 35.8% | 25.7% | 14.3% | 9.7% | 10.3% | 13.8% | −0.0% | −22.1% | −4.8% | 12.3% |
| Income quality (OCF / net income) | 1.53 | 2.09 | 1.34 | 3.13 | 2.34 | 2.33 | 1.86 | — | 3.19 | 4.90 |
| Financial health | ||||||||||
| Total debt | $321.5M | $1.28B | $2.00B | $1.49B | $1.70B | $1.69B | $1.84B | $1.72B | $1.38B | $1.21B |
| Cash & short-term investments | $2.87B | $933.7M | $348.8M | $668.5M | $191.1M | $406.5M | $337.0M | $384.4M | $766.7M | $640.7M |
| Net debt | −$2.55B | $348.4M | $1.66B | $824.9M | $1.51B | $1.28B | $1.50B | $1.34B | $610.5M | $573.8M |
| Debt / equity | 0.01 | 0.06 | 0.10 | 0.09 | 0.28 | 0.30 | 0.36 | 0.38 | 0.28 | 0.27 |
| Debt / assets | 0.01 | 0.04 | 0.07 | 0.06 | 0.17 | 0.18 | 0.21 | 0.22 | 0.18 | 0.17 |
| Net debt / EBITDA | −0.30 | 0.08 | 0.42 | 0.36 | 0.86 | 0.86 | 1.09 | 3.56 | 0.66 | 0.60 |
| Current ratio | 2.02 | 1.86 | 2.09 | 2.30 | 1.71 | 2.42 | 1.42 | 2.97 | 4.38 | 2.90 |
| Quick ratio | 1.33 | 0.86 | 0.74 | 1.03 | 0.56 | 1.20 | 0.67 | 1.60 | 2.88 | 1.86 |
| Interest coverage | 226.9 | 35.6 | 17.1 | 22.4 | 12.5 | 8.5 | 4.6 | 2.3 | 5.5 | 3.4 |
| Working capital | $2.52B | $1.29B | $1.14B | $1.23B | $540.6M | $731.5M | $326.7M | $711.0M | $1.13B | $806.6M |
| Invested capital | $22.19B | $21.18B | $21.08B | $17.07B | $7.51B | $6.96B | $6.62B | $5.89B | $5.56B | $5.07B |
| Tangible asset value | $20.58B | $16.68B | $15.27B | $14.18B | $5.59B | $5.28B | $4.70B | $4.14B | $3.55B | $3.10B |
| Net current asset value | −$4.73B | −$6.35B | −$7.07B | −$5.07B | −$2.91B | −$2.68B | −$2.58B | −$2.23B | −$1.46B | −$1.39B |
| Graham number | $98.99 | $59.41 | $59.45 | $35.69 | $35.59 | $33.28 | $30.97 | — | $22.27 | $17.75 |
| Graham net-net per share | −$11.62 | −$14.60 | −$16.46 | −$13.39 | −$14.61 | −$13.17 | −$12.53 | −$11.06 | −$8.10 | −$7.74 |
| Capital allocation | ||||||||||
| Dividends paid | $728.1M | $671.7M | $638.6M | $608.3M | $275.2M | $190.3M | $105.4M | $84.0M | $76.1M | $71.4M |
| Share buybacks (net) | $682.9M | $169.4M | $47.0M | $110.0M | $0 | $0 | $0 | $30.1M | $24.7M | $15.6M |
| Dividend payout ratio | 16.3% | 35.4% | 32.9% | 90.8% | 49.0% | 37.2% | 22.3% | — | 31.6% | 44.9% |
| Dividends + buybacks / free cash flow | 33.1% | 39.5% | 72.4% | 128.6% | 69.1% | 44.0% | — | — | — | 33.1% |
| Capex / revenue | 21.5% | 22.1% | 25.0% | 26.8% | 23.7% | 24.2% | 35.4% | 49.7% | 39.0% | 24.1% |
| Capex / operating cash flow | 37.5% | 46.3% | 63.6% | 73.4% | 69.7% | 63.7% | 100.1% | 179.8% | 113.9% | 66.3% |
| Capex / depreciation | 1.55 | 1.21 | 1.11 | 1.41 | 1.24 | 1.20 | 1.62 | 1.97 | 1.72 | 0.84 |
| Stock-based compensation / revenue | 0.8% | 0.9% | 1.2% | 0.8% | 1.5% | 1.7% | 2.2% | 2.3% | 1.9% | 1.6% |
| R&D / revenue | — | — | — | — | — | — | 4.2% | 6.3% | 6.3% | 6.9% |
| SG&A / revenue | 2.0% | 5.9% | 7.1% | 9.3% | 7.6% | 7.3% | 4.8% | 5.7% | 5.1% | 4.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 6.1 | 8.2 | 9.0 | 5.0 | 1.2 | 5.9 | 15.4 | 12.2 | 2.7 | 1.4 |
| Days of inventory on hand | 117.5 | 116.2 | 108.4 | 101.9 | 109.7 | 107.5 | 109.3 | 105.9 | 110.1 | 100.5 |
| Days payables outstanding | 23.4 | 24.4 | 23.8 | 21.9 | 25.9 | 28.9 | 32.7 | 48.3 | 46.8 | 25.8 |
| Cash conversion cycle (days) | 100.1 | 100.1 | 93.6 | 85.1 | 85.0 | 84.5 | 92.0 | 69.9 | 66.0 | 76.0 |
| Receivables turnover | 60.07 | 44.36 | 40.43 | 72.96 | 304.55 | 61.95 | 23.69 | 29.86 | 132.77 | 268.98 |
| Payables turnover | 15.57 | 14.99 | 15.34 | 16.68 | 14.10 | 12.63 | 11.16 | 7.56 | 7.80 | 14.13 |
| Inventory turnover | 3.11 | 3.14 | 3.37 | 3.58 | 3.33 | 3.40 | 3.34 | 3.45 | 3.32 | 3.63 |
| Asset turnover | 0.37 | 0.28 | 0.25 | 0.34 | 0.39 | 0.34 | 0.30 | 0.28 | 0.30 | 0.31 |
| Average receivables | $198.2M | $186.8M | $163.9M | $78.7M | $12.7M | $50.7M | $105.3M | $73.4M | $16.9M | $7.9M |
| Average payables | $320.3M | $306.9M | $288.4M | $224.0M | $178.1M | $162.7M | $160.7M | $226.9M | $200.9M | $116.4M |
| Average inventory | $1.60B | $1.46B | $1.31B | $1.04B | $754.7M | $605.3M | $537.1M | $497.6M | $472.3M | $452.8M |
| Intangibles / total assets | 12.1% | 13.9% | 14.5% | 8.8% | 4.0% | 4.2% | 4.6% | 5.2% | 17.7% | 19.6% |
Computed from AEM's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AEM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Agnico Eagle Mines traded at 19.1 times earnings, against a 10-year median of 31.0. Based on the latest twelve months, the trailing P/E is 16.2 and the forward P/E is 17.0. Agnico Eagle Mines earned a return on equity of 19.6% and a return on invested capital of 19.4% in fiscal 2025. It ended the year with $321.5 million of debt and $2.9 billion in cash and short-term investments, a net cash position of $2.6 billion. It returned $1.4 billion to shareholders: $728.1 million in dividends and $682.9 million in share buybacks, 33% of free cash flow. The share count rose 123.0% from 225.8M to 503.4M over 9 years.
See the AEM income statement, the AEM chart for price history, or the AEM stock overview for the latest quote and news.
AEM key metrics FAQ
What is Agnico Eagle Mines's P/E ratio?
Agnico Eagle Mines's trailing P/E ratio is 16.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.0. At the end of fiscal 2025 it was 19.1, compared with a 10-year median of 31.0.
What is Agnico Eagle Mines's EV/EBITDA?
Agnico Eagle Mines's enterprise value was 9.9 times EBITDA at the end of fiscal 2025 (enterprise value $82.8 billion, EBITDA $8.4 billion); the current EV/EBITDA is 9.2.
What is Agnico Eagle Mines's return on equity?
Agnico Eagle Mines's return on equity (ROE) was 19.6% in fiscal 2025: net income of $4.5 billion on average shareholders' equity of $22.8 billion.
What is Agnico Eagle Mines's ROIC?
Agnico Eagle Mines's return on invested capital was 19.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Agnico Eagle Mines have?
Agnico Eagle Mines had total debt of $321.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Agnico Eagle Mines's dividend yield?
Agnico Eagle Mines's forward dividend yield is 0.95%. Agnico Eagle Mines paid $728.1 million in dividends in fiscal 2025 ($1.45 per share), a payout ratio of 16.3%.
Does Agnico Eagle Mines buy back its shares?
Yes. Agnico Eagle Mines spent $682.9 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.3% over the year, to 503.4M..
What is Agnico Eagle Mines's free cash flow yield?
Agnico Eagle Mines generated $4.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 5.0% on its market value at year-end ($85.3 billion).
What is Agnico Eagle Mines's current ratio?
Agnico Eagle Mines's current ratio was 2.02 at the end of fiscal 2025: current assets were 2.02 times current liabilities.