Newmont Corporation (NEM) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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NEM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
The current P/E is 33% below its 5-year average of 25.4x. Over the past five years, NEM's P/E has ranged from a low of 10.5x to a high of 80.9x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, NEM trades at a 24% discount to its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
The PEG ratio of 1.33 (P/E divided by 124% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NEM 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 NEM 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.
NEM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $89B | 20.1 | 0.60 | +134% | |
| $35B | 14.5 | 1.17 | +158% | |
| $46B | 17.5 | 1.01 | +123% | |
| $37B | 30.3 | 0.62 | +79% | |
| $57B | 38.1 | 1.69 | +181% | |
| $43B | 38.4 | 1.44 | +104% | |
| $19B | 33.8 | 4.34 | +32% | |
| $6B | 11.7Lowest | 0.43 | +78% | |
| $10B | 14.0 | 0.21Best | -23% | |
| $11B | 34.8 | - | +766%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NEM Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $108.25 | $4.73 | 22.9x | -72% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $99.85 | $6.41 | 15.6x | -81% |
| FY2025 Q3 | $84.31 | $6.44 | 13.1x | -84% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $58.26 | $5.57 | 10.5x | -87% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $48.28 | $4.46 | 10.8x | -87% |
| FY2024 Q4 | $37.22 | $2.92 | 12.7x | -84% | |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $42.03 | $1.26 | 33.3x | -59% |
| FY2022 Q2 | $59.67 | $1.00 | 59.9x | -26% | |
| FY2022 Q1 | $79.45 | $1.32 | 60.2x | -26% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $62.02 | $1.45 | 42.7x | -47% |
| FY2021 Q3 | $54.30 | $2.54 | 21.4x | -74% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $63.38 | $3.57 | 17.7x | -78% |
Average P/E for displayed period: 80.9x
Full NEM Stock Analysis
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Start ComparisonNEM — Frequently Asked Questions
Quick answers to the most common questions about buying NEM stock.
Is NEM stock overvalued or undervalued?
NEM trades at 17.0x P/E, below its 5-year average of 25.4x. At the 45th percentile of historical range, the stock is priced at a discount to its own history.
How does NEM's valuation compare to peers?
Newmont Corporation P/E of 17.0x compares to sector median of 22.3x. The discount suggests lower growth expectations or higher risk.
What is NEM's PEG ratio?
NEM PEG ratio is 1.33. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2026.