FM vs EDV: which stock is the better value?

First Quantum Minerals screens cheaper on two of the three valuation measures in this snapshot, while Endeavour Mining has the lower P/E. The results are mixed, so no single multiple tells the whole story.

First Quantum Minerals Ltd. (FM.TO) and Endeavour Mining Corp. (EDV.TO) are both Materials companies, but their figures differ. At the adjusted close on 2026-10-30, FM traded at C$32.60 per share and had a C$27.2B market cap. EDV closed at C$69.71, with a C$16.8B market cap. FM has the lower PEG and P/B ratios; EDV has the lower P/E. These figures show how the companies compare on the supplied measures. They don’t determine which stock is a better investment or explain the risks behind either valuation.

Investor takeaway: FM screens cheaper on PEG and P/B, while EDV screens cheaper on P/E. The results are mixed. A lower multiple alone doesn’t show that a stock is undervalued, has better prospects, or carries less risk. You may also want to consider the snapshot’s profitability and dividend figures, along with your own research.

FM is lower on two of three supplied multiples

FM’s PEG is 0.96, compared with 22.55 for EDV. Its P/B is 1.67, compared with 3.56. But EDV’s P/E is 14.8, well below FM’s 112.4. FM screens cheaper on two measures, while EDV leads on P/E. That doesn’t prove either stock is undervalued.

The valuation comparison is mixed

FM’s P/E of 112.4 is higher than EDV’s 14.8. But FM has the lower PEG, at 0.96 versus 22.55, and the lower P/B, at 1.67 versus 3.56. So FM screens cheaper on two of the three measures, while EDV has the lower P/E. A lower multiple doesn’t prove a stock is undervalued. These ratios don’t explain business conditions, future earnings, or all the risks reflected in a share price. See the FM.TO company page and EDV.TO company page for each company’s stock profile.

Profitability and income add context

The snapshot reports ROE TTM of 0.9% for FM and 31.3% for EDV. It lists dividend yields of 0.00% for FM and 2.41% for EDV. These figures add context, but they don’t explain why the valuation multiples differ or guarantee future results. The supplied table gives both companies the same analyst consensus label, Strong Sell, and lists an analyst target of C$0.00 for each. These are snapshot fields, not a substitute for assessing each company’s fundamentals and risks.