Newmont (NEM) valuation
Newmont P/E ratio history
Newmont trades at 12.4 times its earnings over the last twelve months and 10.9 times the earnings analysts expect over the next twelve. At its last 6 fiscal year ends its P/E ranged from 12.5 (year to Dec 2019) to 54.1 (year to Dec 2018), with a median of 16.3.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $99.85 | $6.39 | 15.6 | 13.7 |
| Dec 31, 2024 | $37.22 | $2.92 | 12.8 | 10.3 |
| Dec 31, 2023 | $41.39 | -$2.97 | n/m | 24.2 |
| Dec 31, 2022 | $47.20 | -$0.54 | n/m | 26.8 |
| Dec 31, 2021 | $62.02 | $1.46 | 42.5 | 20.4 |
| Dec 31, 2020 | $59.89 | $3.51 | 17.1 | — |
| Dec 31, 2019 | $43.45 | $3.47 | 12.5 | — |
| Dec 31, 2018 | $34.65 | $0.64 | 54.1 | — |
| Dec 31, 2017 | $37.52 | -$0.21 | n/m | — |
| Dec 31, 2016 | $34.07 | -$1.18 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Newmont valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| NewmontNEM | $112B | 12.4 | 10.9 | 4.2 |
| Wheaton Precious MetalsWPM | $52.9B | 25.9 | 24.6 | 16.7 |
| Franco-NevadaFNV | $43.4B | 29.4 | 26.7 | 18.7 |
| Hecla MiningHL | $9.07B | 27.6 | 16.3 | 5.7 |
| GoldGOLD | $1.08B | 12.6 | 10.2 | 0.0 |
| McEwen MiningMUX | $838M | 12.0 | 6.1 | 3.4 |
| Zijin Mining GroupZIJMY | — | — | — | — |
| Peer median | 25.9 | 16.3 | 5.7 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: NEM financials · NEM returns
No forecast, no recommendation. This page describes Newmont from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.