Avino Silver & Gold Mines Ltd (ASM) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Avino Silver & Gold Mines Ltd stock $1.89, price $4.34, that is 56.5% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range $0.4219 – $11.24 · fair‑value band $1.03 – $2.57 · the $4.34 price screens above the $1.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Avino Silver & Gold Mines Ltd., together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Mexico. It explores for silver, gold, copper, and base metal deposits.
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The company holds 100% interest in the Avino Mine area property covering an area of approximately 4,086.93 hectares comprising 42 mineral claims and leases 4 mineral claims, which is located in the state of Durango, Mexico.
It also has an option to acquire 100% interest in the Ana Maria and El Laberinto properties located in Mexico. The company was formerly known as International Avino Mines Ltd. and changed its name to Avino Silver & Gold Mines Ltd. in August 1997.
Avino Silver & Gold Mines Ltd. was incorporated in 1968 and is headquartered in Vancouver, Canada.
Stock analysis
Avino Silver & Gold Mines Ltd (ASM) currently trades at $4.34, while our model-based Fair Value estimate is $1.89, 56.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $4.67 per share, and 2 of the 23 models we run sit above the $4.34 price.
Bear case: the Asset-Based group reads lowest at $0.4600, and 21 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $1.03 (bear) to $2.57 (bull), the price of $4.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Avino Silver & Gold Mines Ltd reported revenue of $86.7M in FY2025 versus $11.2M in FY2021, a compound +66.7%/yr. Reported net income was $27.1M in FY2025.
Key figures
Market cap $737M Small · P/E ratio 16.1 · P/S ratio 6.26 · EPS (TTM) $0.2700 · Net margin 38.2% · Return on equity 21.1% · Return on assets (EBIT) 5.1% · Operating margin 34.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 2% fair-value upside, at −57%, ASM screens richer than that median.
Fair Value models
Bear$1.03Fair Value $1.89Bull$2.57
Price $4.34 · Downside -56.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.2264 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$0.6900$0.7200$0.820082
Growth DCF$0.6800$0.7300$0.800080
EPV$1.21$1.28$1.3374
All 23 models by family
DCF Models
FCF DCF$0.6900$0.7200$0.820082
5Y Revenue Exit$0.9800$1.35$2.1172
5Y EBITDA Exit$1.53$2.46$4.2773
5Y P/E Exit$1.87$3.79$6.4668
10Y Revenue Exit$0.8400$1.28$1.6267
10Y EBITDA Exit$1.18$2.22$4.1965
10Y P/E Exit$1.38$2.80$5.3460
Earnings-Based
Graham-Dodd$1.09$7.57$10.6263
Lynch FV$2.74$3.92$5.0961
PEG = 1.0$2.74$3.92$5.0957
EPV$1.21$1.28$1.3374
Multiples
P/E Multiple$2.03$2.71$3.3963
P/S Multiple$0.5700$0.7700$0.960058
P/B Multiple$1.01$1.35$1.6855
EV/EBIT$2.38$2.98$3.5966
EV/EBITDA$2.04$2.53$3.0267
EV/Revenue$1.10$1.33$1.5654
Asset-Based
NCAV (Graham)$0.3000$0.4600$0.580054
Growth DCF
Growth DCF$0.6800$0.7300$0.800080
Rev-Margin DCF$0.9800$1.45$2.3072
Economic Profit
Residual Income$1.09$1.18$1.3571
ROIC Compounder$1.21$1.28$1.3372
Growth Earnings
Growth-Adj P/E$3.27$4.67$6.0867
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+30.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.2%
Start year 2020 (pandemic). Over 10 years: +19.2% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+29.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−29.1% (2020) → 33.9% (2025)
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+47.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +44.4% a year for the forecasts.
Compare Avino Silver & Gold Mines Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 96 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Above median
Fair Value upside−56.5% · Below median
Profitability
Return on equity (12 months)21.1% · Top 25%
Return on assets9.4% · Top 25%
Net margin (12 months)38.2% · Top 25%
Operating margin (12 months)34.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)22.8% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
P/E (12 months)16.1× · Pricier than median
P/B3.16× · Pricier than median
P/S (12 months)6.26× · Pricier than median
EV/EBITDA11.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)84· sector 0
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Avino Silver & Gold Mines Ltd (ASM) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of $1.89 versus a price of $4.34, about 57% lower (overvalued).
What is the fair value of ASM?
Our model-based fair value for Avino Silver & Gold Mines Ltd is $1.89 (as of Nov 2, 2026), built from audited fundamentals. The current price: $4.34.
What is the quality score of ASM?
Avino Silver & Gold Mines Ltd has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Avino Silver & Gold Mines Ltd (ASM)?
Our model-based price target is the fair value of $1.89 (as of Nov 2, 2026) from 23 valuation models. Cautious scenario $1.03, optimistic scenario $2.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Avino Silver & Gold Mines Ltd stock forecast for 2026?
Our models put fair value at $1.89, about 57% lower versus a price of $4.34 (overvalued). Cautious scenario $1.03, optimistic scenario $2.57. The calculation is refreshed regularly with new filings.
What is the revenue of Avino Silver & Gold Mines Ltd (ASM)?
Avino Silver & Gold Mines Ltd reported trailing-twelve-month revenue of about $118M (latest available figure, as of Nov 2, 2026).
What growth is priced into Avino Silver & Gold Mines Ltd (ASM)?
For today's price to be fair in a discounted-cash-flow model, Avino Silver & Gold Mines Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +40.2 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of ASM use?
Our models discount Avino Silver & Gold Mines Ltd at 13.7 %: a base by market capitalisation (small), damped by beta 3.01, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Avino Silver & Gold Mines Ltd that is more than 80 % per year a year over ten years, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Avino Silver & Gold Mines Ltd (ASM) delivered so far?
Over the past 5 years revenue at Avino Silver & Gold Mines Ltd grew +40.2 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Avino Silver & Gold Mines Ltd (ASM) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Avino Silver & Gold Mines Ltd (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Avino Silver & Gold Mines Ltd (ASM)?
The free-cash-flow yield on the price is 0.15 %: that much free cash flow Avino Silver & Gold Mines Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Avino Silver & Gold Mines Ltd (ASM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avino Silver & Gold Mines Ltd it is $1.89 per share (as of Nov 2, 2026), against a price of $4.34. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Avino Silver & Gold Mines Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, ASM trades above its calculated fair value: price $4.34, fair value $1.89, a gap of about −57% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ASM?
No. The price is what the market pays today ($4.34); the fair value is what the company's own numbers justify ($1.89). For Avino Silver & Gold Mines Ltd the two are $2.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Avino Silver & Gold Mines Ltd worth?
The market values Avino Silver & Gold Mines Ltd at about $737M (market capitalisation, as of Nov 2, 2026). Per share that is $4.34; our models calculate a fair value of $1.89 per share.
What do the bullish and bearish scenarios say about ASM?
Our models span a range for Avino Silver & Gold Mines Ltd: cautious scenario $1.03, base $1.89, optimistic $2.57 per share (as of Nov 2, 2026, price $4.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASM?
Avino Silver & Gold Mines Ltd trades at a price-to-earnings ratio of 16.1 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.89 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 28.3. Other multiples: P/B 3.2, P/S 6.3, EV/EBITDA 11.1.
How solid is the balance sheet of Avino Silver & Gold Mines Ltd (ASM)?
Balance-sheet figures for Avino Silver & Gold Mines Ltd (as of Nov 2, 2026): return on equity 21.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ASM from its 52-week high?
Avino Silver & Gold Mines Ltd trades at $4.34, about 61% below its 52-week high of $11.24 and 5% above the low of $4.14 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of $1.89 is for.
Which stocks are comparable to Avino Silver & Gold Mines Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Sibanye Stillwater Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Avino Silver & Gold Mines Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price $4.34, calculated fair value $1.89 (−57%), Quality Score 47/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ASM calculated?
We run Avino Silver & Gold Mines Ltd through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $1.89, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Avino Silver & Gold Mines Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Avino Silver & Gold Mines Ltd (ASM)?
The closing price on Oct 30, 2026 was $4.34. Our model-based fair value is $1.89, about 57% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avino Silver & Gold Mines Ltd right now?
The price sits above even our optimistic bull case ($2.57). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($1.03 to $2.57) leaves room in how you read the outcome.
Key figures of Avino Silver & Gold Mines Ltd
How large is the market capitalisation of Avino Silver & Gold Mines Ltd (ASM)?
The market capitalisation of Avino Silver & Gold Mines Ltd is $737M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Avino Silver & Gold Mines Ltd (ASM)?
The price-to-sales ratio of Avino Silver & Gold Mines Ltd is 6.26 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Avino Silver & Gold Mines Ltd (ASM)?
Earnings per share at Avino Silver & Gold Mines Ltd are $0.2700 (price ÷ EPS = P/E 16.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Avino Silver & Gold Mines Ltd (ASM)?
The net margin of Avino Silver & Gold Mines Ltd is 38.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Avino Silver & Gold Mines Ltd (ASM)?
The return on equity (ROE) of Avino Silver & Gold Mines Ltd is 21.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Avino Silver & Gold Mines Ltd (ASM)?
On an EBIT basis the return on assets of Avino Silver & Gold Mines Ltd is 5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Avino Silver & Gold Mines Ltd (ASM)?
The operating margin of Avino Silver & Gold Mines Ltd is 34.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avino Silver & Gold Mines Ltd (ASM)?
Revenue at Avino Silver & Gold Mines Ltd is growing +22.8% versus a year earlier (3y avg +25.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Avino Silver & Gold Mines Ltd (ASM)?
Earnings per share at Avino Silver & Gold Mines Ltd are growing +202% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Avino Silver & Gold Mines Ltd (ASM) hold?
Avino Silver & Gold Mines Ltd holds more cash than debt, $95.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 2, 2026