Question 1

What is Agnico Eagle Mines's P/B ratio?

Accepted Answer

Agnico Eagle Mines (AEM) P/B ratio is 3.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Agnico Eagle Mines?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Agnico Eagle Mines specifically, the relevant sector benchmark is the current sector median of 2.9×.

Question 5

Is Agnico Eagle Mines's P/B ratio high or low?

Accepted Answer

Agnico Eagle Mines's P/B ratio of 3.1× is above its own 5-year average of 2.0× and above the sector median of 2.9×. That places the current reading at the 85th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Agnico Eagle Mines's historical P/B ratio range?

Accepted Answer

In the available daily series, Agnico Eagle Mines (AEM) P/B ratio has ranged from a low of 0.9× in 2022 to a high of 5.4× in 2026. The 5-year average is 2.0× and the 5-year median is 1.8×.

Question 7

What was Agnico Eagle Mines's P/B ratio in 2025?

Accepted Answer

Agnico Eagle Mines (AEM) P/B ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Agnico Eagle Mines's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$84.90B	$24.74B	3.4×	+1.5×	Dec 31, 2025
2024	$39.23B	$20.83B	1.9×	+0.5×	Dec 31, 2024
2023	$27.23B	$19.42B	1.4×	—	Dec 31, 2023
2021	$13.00B	$6.00B	2.2×	-0.8×	Dec 31, 2021
2020	$17.10B	$5.68B	3.0×	+0.1×	Dec 31, 2020
2019	$14.74B	$5.11B	2.9×	+0.8×	Dec 31, 2019
2018	$9.46B	$4.55B	2.1×	-0.1×	Dec 31, 2018
2017	$10.84B	$4.95B	2.2×	+0.1×	Dec 31, 2017
2016	$9.44B	$4.49B	2.1×	+0.7×	Dec 31, 2016
2015	$5.72B	$4.14B	1.4×	+0.1×	Dec 31, 2015
2014	$5.29B	$4.07B	1.3×	-0.4×	Dec 31, 2014
2013	$4.58B	$2.72B	1.7×	-1.0×	Dec 31, 2013
2012	$9.01B	$3.41B	2.6×	+0.7×	Dec 31, 2012
2011	$6.15B	$3.20B	1.9×	-1.5×	Dec 31, 2011
2010	$12.70B	$3.67B	3.5×	+0.4×	Dec 31, 2010
2009	$8.43B	$2.75B	3.1×	+0.0×	Dec 31, 2009
2008	$7.70B	$2.52B	3.1×	-0.6×	Dec 31, 2008
2007	$7.54B	$2.06B	3.7×	-0.2×	Dec 31, 2007
2006	$4.87B	$1.25B	3.9×	+1.3×	Dec 31, 2006
2005	$1.73B	$655.07M	2.6×	+0.1×	Dec 31, 2005
2004	$1.17B	$470.23M	2.5×	-0.1×	Dec 31, 2004
2003	$1.02B	$400.74M	2.6×	+0.0×	Dec 31, 2003
2002	$1.01B	$397.69M	2.6×	-0.5×	Dec 31, 2002
2001	$645.17M	$211.31M	3.1×	—	Dec 31, 2001


Linde (LIN)	6.0×
RPM International (RPM)	4.6×
Freeport-McMoRan (FCX)	4.4×
Vulcan Materials (VMC)	4.3×
Air Products and Chemicals (APD)	4.1×
CF Industries Holdings (CF)	3.7×
Newmont (NEM)	3.4×
Martin Marietta Materials (MLM)	3.1×
CRH (CRH)	3.0×
PPG Industries (PPG)	3.0×
Steel Dynamics (STLD)	2.8×
LyondellBasell (LYB)	2.6×
Corteva (CTVA)	2.3×
Albemarle (ALB)	2.1×
Dow (DOW)	2.0×
Weyerhaeuser (WY)	1.9×
Nucor (NUE)	1.8×
H.B. Fuller (FUL)	1.7×
Eastman Chemical (EMN)	1.4×
Avient (AVNT)	1.4×
Ashland (ASH)	1.4×
DuPont de Nemours (DD)	1.3×
International Flavors & Fragrances (IFF)	1.3×
Stepan (SCL)	1.0×
Mosaic (MOS)	0.7×

P/B Ratio for Agnico Eagle Mines (AEM)

P/B Ratio daily chart for Agnico Eagle Mines (AEM)

Historical P/B Ratio for Agnico Eagle Mines (AEM) from 2001 to 2025

About P/B Ratio at Agnico Eagle Mines (AEM)

Agnico Eagle Mines P/B Ratio by Year

Agnico Eagle Mines P/B Ratio 2025: 3.4×

Agnico Eagle Mines P/B Ratio 2024: 1.9×

Agnico Eagle Mines P/B Ratio 2023: 1.4×

Agnico Eagle Mines P/B Ratio 2021: 2.2×

Agnico Eagle Mines P/B Ratio 2020: 3.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Agnico Eagle Mines (AEM) Key Financials

P/B Ratio daily chart for Agnico Eagle Mines (AEM)

Historical P/B Ratio for Agnico Eagle Mines (AEM) from 2001 to 2025

About P/B Ratio at Agnico Eagle Mines (AEM)

Agnico Eagle Mines P/B Ratio by Year

Agnico Eagle Mines P/B Ratio 2025: 3.4×

Agnico Eagle Mines P/B Ratio 2024: 1.9×

Agnico Eagle Mines P/B Ratio 2023: 1.4×

Agnico Eagle Mines P/B Ratio 2021: 2.2×

Agnico Eagle Mines P/B Ratio 2020: 3.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Agnico Eagle Mines's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Agnico Eagle Mines?

+Is Agnico Eagle Mines's P/B ratio high or low?

+What is Agnico Eagle Mines's historical P/B ratio range?

+What was Agnico Eagle Mines's P/B ratio in 2025?

+Why does Agnico Eagle Mines's P/B ratio change over time?

Agnico Eagle Mines (AEM) Key Financials