First Quantum Minerals screens cheaper on two of the three valuation measures in this snapshot. Endeavour Mining has the lower P/E, so the comparison isn’t clear-cut.
First Quantum Minerals Ltd. (FM.TO) and Endeavour Mining Corp. (EDV.TO) are both in the Materials sector, but their valuation figures tell different stories. At the adjusted close on 2026-11-06, FM traded at C$32.78, with a market cap of C$27.3 billion. EDV traded at C$79.38, with a market cap of C$19.1 billion. FM has the lower PEG and P/B ratios, while EDV has the lower P/E. These figures show how the shares compare on the measures provided. They don’t establish what either company is worth or predict how its shares will perform.
Investor takeaway: FM has lower PEG and P/B ratios, while EDV has a lower P/E. FM therefore looks cheaper on two of the three measures, but that doesn’t prove it’s undervalued, that EDV is expensive, or that either stock is the better investment. Each multiple reflects a different aspect of valuation, so consider them alongside the companies’ financial results and risks.
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First Quantum Minerals Ltd
FM.TO
Materials
$32.78
$27.35B
1D
+2.57%
1W
+0.55%
Endeavour Mining Corp
EDV.TO
Materials
$79.38
$19.13B
1D
+2.57%
1W
+13.87%
FM is lower on two of three multiples
FM’s PEG is 0.96, compared with 22.55 for EDV. Its P/B is 1.68, compared with EDV’s 4.05. But EDV’s P/E is lower at 16.9, versus 117.1 for FM. The measures are split, and counting which company has more lower multiples doesn’t tell you which stock offers better value.
Bull case
FM’s PEG of 0.96 and P/B of 1.68 are below EDV’s 22.55 and 4.05. Investors comparing the two companies may see these figures as a reason to look more closely at FM. They don’t, on their own, show that FM will grow or deliver stronger returns.
Bear case
FM’s P/E of 117.1 is much higher than EDV’s 16.9. FM also has a lower reported TTM ROE: 0.9%, compared with 31.3% for EDV. The snapshot lists FM’s dividend yield at 0.00% and EDV’s at 2.30%. These figures add context to FM’s lower PEG and P/B ratios.
How the valuation measures compare
FM has the lower PEG, at 0.96 versus EDV’s 22.55, and the lower P/B, at 1.68 versus 4.05. The P/E comparison goes the other way: EDV is at 16.9, while FM is at 117.1. So FM has the lower figure on two of the three multiples, and EDV on one. See First Quantum Minerals and Endeavour Mining for company details. A lower multiple is a point of comparison, not proof that a stock is undervalued or a forecast of its returns.
Financial context beyond the multiples
The snapshot reports TTM ROE of 0.9% for FM and 31.3% for EDV. Their dividend yields are 0.00% and 2.30%, respectively. These figures add context, but they don’t explain why the valuation measures differ or show what either company will deliver in the future. The snapshot gives both companies the same analyst consensus label, Strong Sell, and lists an analyst target of C$0.00 for each. Treat these as snapshot figures, not a complete assessment of either business.
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