PAAS vs. RS: Pan American Silver vs. Reliance Stock Comparison

November 11, 2026

How do Pan American Silver (PAAS) and Reliance (RS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Pan American Silver (PAAS) and Reliance (RS) both belong to the Metals & Mining industry, though PAAS is classified under Silver while RS falls under Steel.

Company profile comparison for Pan American Silver (PAAS) and Reliance (RS)
Profile Item	PAAS	RS
Name	Pan American Silver Corp.	Reliance, Inc.
Country/Region	Canada	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Silver	Steel
Market Capitalization	16.98 billion USD	21.24 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 12, 1995	September 16, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PAAS

GSPC

Pan American Silver (PAAS) vs. Reliance (RS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Pan American Silver (PAAS) and Reliance (RS). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Pan American Silver (PAAS) and Reliance (RS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Total Return (1Y)	22.43%	54.53%
Total Return (3Y, Annualized)	47.84%	18.36%
Total Return (5Y, Annualized)	11.59%	22.28%

Risk Profile

Drawdown History

PAAS

GSPC

Pan American Silver (PAAS) vs. Reliance (RS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Pan American Silver (PAAS) and Reliance (RS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Volatility (1Y, Annualized)	58.13%	25.64%
Beta (5Y)	0.72	0.97
Max Drawdown (5Y)	-57.39%	-22.32%
Avg. Volume (3M)	4.31M	311.43K

Risk-Adjusted Performance

Risk-Return Positioning

PAAS and RS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Sharpe Ratio (1Y)	0.31	1.96
Sortino Ratio (1Y)	0.45	2.92

Profitability

ROE (TTM)

Pan American Silver (PAAS) at 22.39% sits in the top ROE quartile, while Reliance (RS) at 14.75% is closer to the peer norm — stronger capital efficiency for PAAS.

PAAS

Materials industry group

22.39%

Max: 52.88%
PAAS: 22.39%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

RS

Materials industry group

14.75%

Max: 52.88%
Q3: 19.49%
RS: 14.75%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Pan American Silver (PAAS) at 35.16% retains a top-quartile share of revenue as profit, ahead of Reliance (RS) at 6.38%, which keeps about the industry-typical share.

PAAS

Materials industry group

35.16%

Max: 38.66%
PAAS: 35.16%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

RS

Materials industry group

6.38%

Max: 38.66%
Q3: 15.98%
RS: 6.38%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Pan American Silver (PAAS) at 34.29% operates in the top operating margin quartile, ahead of Reliance (RS) at 10.63%, which runs around its industry’s norm.

PAAS

Materials industry group

34.29%

Max: 66.70%
PAAS: 34.29%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

RS

Materials industry group

10.63%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
RS: 10.63%
Q1: 3.28%
Min: -14.07%

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
ROE (TTM)	22.39%	14.75%
ROA (TTM)	11.27%	8.83%
Net Margin (TTM)	35.16%	6.38%
Operating Margin (TTM)	34.29%	10.63%
Gross Margin (TTM)	55.17%	28.17%

Growth

Revenue Growth

Both Pan American Silver (PAAS) at 28.38% and Reliance (RS) at 3.32% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Pan American Silver (PAAS) at 725.81% clears its industry range for EPS growth, a much stronger earnings trajectory than Reliance (RS) at -10.15%, which is closer to a typical peer reading.

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Revenue Growth (YoY)	28.38%	3.32%
Revenue Growth (3Y CAGR)	34.28%	-5.66%
EPS Growth (YoY)	725.81%	-10.15%
EPS Growth (3Y CAGR)	--	-22.40%

Financial Strength

Current Ratio (MRQ)

Pan American Silver (PAAS) at 2.72 keeps current ratio within its industry’s typical mid-range, while Reliance (RS) at 4.12 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

PAAS

Materials industry group

2.72

Max: 5.96
Q3: 3.30
PAAS: 2.72
Median: 2.24
Q1: 1.45
Min: 0.16

RS

Materials industry group

4.12

Max: 5.96
RS: 4.12
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Reliance (RS) at 0.25 runs a more typical debt-to-equity mix.

PAAS

Materials industry group

0.11

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
PAAS: 0.11
Min: 0.00

RS

Materials industry group

0.25

Max: 1.98
Q3: 0.89
Median: 0.47
RS: 0.25
Q1: 0.13
Min: 0.00

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Current Ratio (MRQ)	2.72	4.12
Debt / Equity (MRQ)	0.11	0.25
Net Debt / EBITDA	-0.39	0.93

Dividends

Dividend Yield (TTM)

Both Pan American Silver (PAAS) at 1.69% and Reliance (RS) at 1.20% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

PAAS

Materials industry group

1.69%

Max: 4.52%
Q3: 1.85%
PAAS: 1.69%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

RS

Materials industry group

1.20%

Max: 4.52%
Q3: 1.85%
RS: 1.20%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Pan American Silver (PAAS) at 18.00% and Reliance (RS) at 23.08% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

PAAS

Materials industry group

18.00%

Max: 83.62%
Q3: 41.37%
PAAS: 18.00%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

RS

Materials industry group

23.08%

Max: 83.62%
Q3: 41.37%
RS: 23.08%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
Dividend Yield (TTM)	1.69%	1.20%
Dividend Payout Ratio (TTM)	18.00%	23.08%

Valuation

P/E Ratio (TTM)

Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Reliance (RS) at 19.44 is closer to its industry’s usual earnings multiple — a discount for PAAS, though growth and earnings durability still matter.

PAAS

Materials industry group

10.83

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
PAAS: 10.83
Min: 3.93

RS

Materials industry group

19.44

Max: 59.00
Q3: 32.93
RS: 19.44
Median: 18.82
Q1: 11.96
Min: 3.93

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Pan American Silver (PAAS) at 3.80 and Reliance (RS) at 1.22 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PAAS

Materials industry group

3.80

Max: 9.62
Q3: 4.34
PAAS: 3.80
Median: 1.87
Q1: 0.73
Min: 0.00

RS

Materials industry group

1.22

Max: 9.62
Q3: 4.34
Median: 1.87
RS: 1.22
Q1: 0.73
Min: 0.00

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Pan American Silver (PAAS) at 2.29 and Reliance (RS) at 2.75 are valued close to their industries’ norm against book — neither stands out from peers.

PAAS

Materials industry group

2.29

Max: 6.59
Q3: 3.55
PAAS: 2.29
Median: 2.08
Q1: 1.26
Min: -0.17

RS

Materials industry group

2.75

Max: 6.59
Q3: 3.55
RS: 2.75
Median: 2.08
Q1: 1.26
Min: -0.17

Pan American Silver (PAAS) vs. Reliance (RS): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Pan American Silver (PAAS) and Reliance (RS)
Metric	PAAS	RS
P/E Ratio (TTM)	10.83	19.44
P/S Ratio (TTM)	3.80	1.22
P/B Ratio (MRQ)	2.29	2.75
Free Cash Flow Yield (TTM)	8.01%	1.19%