Foremost Clean Energy Ltd. (FMST) P/E Ratio History
Deep ValueTrading at -4.5x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2024–2024
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P/E Ratio Analysis
As of June 30, 2026, Foremost Clean Energy Ltd. (FMST) trades at a price-to-earnings ratio of -4.5x, with a stock price of $1.53 and trailing twelve-month earnings per share of $-0.24.
The current P/E is 109% below its 5-year average of 52.1x. Over the past five years, FMST's P/E has ranged from a low of 52.1x to a high of 52.1x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 21.6x, FMST trades at a 121% discount to its sector peers. The sector includes 124 companies with P/E ratios ranging from 1.0x to 161.9x.
Relative to the broader market, FMST trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FMST DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FMST Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FMST P/E vs Peers
Nuclear materials and mineral development peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $45B | 108.8 | - | +246%Best | |
| $3B | 41.1Lowest | 0.88Best | -13% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FMST Historical P/E Data (2024–2024)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q2 | Sep 30 2023 | $3.70 | $0.07 | 52.1x | +0% |
Average P/E for displayed period: 52.1x
Intrinsic Valuation
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Historical Returns
2+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FMST — Frequently Asked Questions
Quick answers to the most common questions about buying FMST stock.
What is FMST's P/E ratio?
Foremost Clean Energy Ltd. (FMST) trailing twelve-month P/E ratio is -4.5x, based on TTM diluted EPS of $-0.24. The 5-year average P/E is 52.1x and the historical range spans 52.1x to 52.1x.
Is FMST stock overvalued or undervalued?
FMST trades at -4.5x P/E, below its 5-year average of 52.1x. At the 0th percentile of its historical range (52.1x–52.1x), the stock is priced at a discount to its own history.
Is FMST stock expensive?
No, FMST is not expensive on a historical basis. The current P/E of -4.5x is below the 5-year average of 52.1x and sits at the 0th percentile of its valuation range.
What is FMST's historical P/E range?
Over the past 5 years, FMST's P/E ratio has ranged from 52.1x to 52.1x, with a median of 52.1x and an average of 52.1x. The current P/E of -4.5x places the stock at the 0th percentile of this range. Full historical data spans 2024–2024.
How does FMST's P/E compare to the S&P 500?
FMST trades at -4.5x P/E versus the S&P 500 median of 25.1x. The 118% discount to the market suggests lower growth expectations or perceived higher risk.
How does FMST's valuation compare to Basic Materials peers?
Foremost Clean Energy Ltd. P/E of -4.5x compares to the Basic Materials sector median of 21.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FMST's PEG ratio?
FMST PEG ratio is N/A, based on a P/E of -4.5x and EPS growth of 51.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FMST's earnings yield?
FMST earnings yield is N/A, the inverse of its -4.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.