# Sprott Physical Silver Trust (PSLV.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services. Price C$30.05, market value C$19.0 billion.

## Valuation
- **P/E (trailing): 2.7×** (5-yr avg 19.6×, 3-yr avg 5.2×). Sprott Physical Silver Trust trades at 2.7× trailing earnings, well below its own five-year average of 19.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -0.5%** (5-yr avg -0.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 37.4%**. The inverse of the P/E: 37.4% of the price is earned each year.

## Profitability
- **Return on equity: 56.1%**. A 56.1% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on assets: 27.6%**. Each dollar of assets produces 27.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): 800.6%** (3-yr 304.5%/yr, 5-yr 35.0%/yr). Earnings per share rose 800.6%.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: C$275 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Sprott Physical Silver Trust does not currently pay a dividend, but it returned -13.2% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 58.0%** (YTD -7.6%, 3-mo 0.0%). The shares are up 58.0% over twelve months including dividends.
- **From 52-week high: -42.5%** (57.3% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 2.91** (volatility 60%). Beta of 2.91 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PSLV.TO · Page: https://foliofundamentals.com/stocks/pslv.to

Not investment advice.