New Gold Inc. (NGD) P/E Ratio History
UndervaluedTrading at 64.9x vs 5Y avg 82.9x · 80th percentile · Below historical baseline · Data 2010–2025
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P/E Ratio Analysis
As of June 21, 2026, New Gold Inc. (NGD) trades at a price-to-earnings ratio of 64.9x, with a stock price of $9.08 and trailing twelve-month earnings per share of $1.08.
The current P/E is 22% below its 5-year average of 82.9x. Over the past five years, NGD's P/E has ranged from a low of 6.0x to a high of 833.3x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, NGD trades at a 175% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 182.5x.
Relative to the broader market, NGD commands a significant premium over the S&P 500 median P/E of 24.4x. 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 NGD 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.
NGD Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NGD P/E vs Peers
Large and mid-tier gold producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 13.2Lowest | 0.49 | +78% | |
| $11B | 19.5 | 0.37 | +500% | |
| $11B | 32.6 | - | +766%Best | |
| $21B | 18.8 | 0.75 | +742% | |
| $9B | 51.4 | 1.97 | +203% | |
| $10B | 14.6 | 0.22Best | -23% | |
| $115B | 16.2 | 1.26 | +124% | |
| $83B | 18.8 | 0.56 | +134% | |
| $32B | 13.4 | 1.08 | +158% | |
| $35B | 28.0 | 0.57 | +79% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NGD Historical P/E Data (2010–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Dec 31 2025 | $8.71 | $1.08 | 8.1x | -88% |
| FY2025 Q3 | - | $7.18 | $0.32 | 22.8x | -65% |
| FY2025 Q2 | Jun 30 2025 | $4.95 | $0.18 | 27.1x | -59% |
| FY2025 Q1 | Mar 31 2025 | $3.71 | $0.17 | 22.2x | -66% |
| FY2024 Q4 | - | $2.48 | $0.13 | 19.8x | -70% |
| FY2024 Q3 | Sep 30 2024 | $2.88 | $0.02 | 185.8x | +184% |
| FY2022 Q3 | Sep 30 2022 | $0.88 | $0.15 | 6.0x | -91% |
| FY2022 Q2 | - | $1.07 | $0.14 | 7.8x | -88% |
| FY2022 Q1 | - | $1.80 | $0.17 | 10.7x | -84% |
| FY2021 Q4 | Dec 31 2021 | $1.50 | $0.20 | 7.5x | -89% |
| FY2017 Q3 | Sep 30 2017 | $3.71 | $0.12 | 30.6x | -53% |
| FY2017 Q2 | Jun 30 2017 | $3.18 | $0.08 | 39.1x | -40% |
| FY2017 Q1 | Mar 31 2017 | $2.98 | $0.02 | 123.1x | +88% |
| FY2016 Q4 | Dec 31 2016 | $3.50 | $0.00 | 833.3x | +1172% |
| FY2016 Q3 | Sep 30 2016 | $4.35 | $0.02 | 180.5x | +176% |
| FY2013 Q3 | Sep 30 2013 | $5.98 | $0.39 | 15.3x | -77% |
| FY2013 Q2 | Jun 30 2013 | $6.42 | $0.40 | 16.1x | -75% |
| FY2013 Q1 | Mar 31 2013 | $9.10 | $0.42 | 21.7x | -67% |
| FY2012 Q4 | Dec 31 2012 | $11.03 | $0.41 | 26.9x | -59% |
| FY2012 Q3 | Sep 30 2012 | $12.22 | $0.23 | 54.1x | -17% |
| FY2012 Q2 | Jun 30 2012 | $9.50 | $0.29 | 33.2x | -49% |
| FY2012 Q1 | Mar 31 2012 | $9.88 | $0.40 | 25.0x | -62% |
| FY2011 Q4 | Dec 31 2011 | $10.08 | $0.39 | 26.1x | -60% |
| FY2011 Q3 | Sep 30 2011 | $10.29 | $0.49 | 21.0x | -68% |
| FY2011 Q2 | - | $10.29 | $0.47 | 22.0x | -66% |
| FY2011 Q1 | - | $11.71 | $0.46 | 25.6x | -61% |
| FY2010 Q4 | Dec 31 2010 | $9.76 | $0.43 | 22.8x | -65% |
| FY2010 Q3 | - | $6.71 | $0.23 | 29.4x | -55% |
| FY2010 Q2 | Jun 30 2010 | $6.19 | $0.17 | 36.3x | -45% |
Average P/E for displayed period: 65.5x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
16+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NGD — Frequently Asked Questions
Quick answers to the most common questions about buying NGD stock.
What is NGD's P/E ratio?
New Gold Inc. (NGD) trailing twelve-month P/E ratio is 64.9x, based on TTM diluted EPS of $1.08. The 5-year average P/E is 82.9x and the historical range spans 6.0x to 833.3x.
Is NGD stock overvalued or undervalued?
NGD trades at 64.9x P/E, below its 5-year average of 82.9x. At the 80th percentile of its historical range (6.0x–833.3x), the stock is priced at a discount to its own history.
Is NGD stock expensive?
No, NGD is not expensive on a historical basis. The current P/E of 64.9x is below the 5-year average of 82.9x and sits at the 80th percentile of its valuation range.
What is NGD's historical P/E range?
Over the past 5 years, NGD's P/E ratio has ranged from 6.0x to 833.3x, with a median of 22.8x and an average of 82.9x. The current P/E of 64.9x places the stock at the 80th percentile of this range. Full historical data spans 2010–2025.
How does NGD's P/E compare to the S&P 500?
NGD trades at 64.9x P/E versus the S&P 500 median of 24.4x. The 166% premium to the market typically reflects higher expected earnings growth or quality.
How does NGD's valuation compare to Basic Materials peers?
New Gold Inc. P/E of 64.9x compares to the Basic Materials sector median of 23.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NGD's PEG ratio?
NGD PEG ratio is N/A, based on a P/E of 64.9x and EPS growth of 671.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NGD's earnings yield?
NGD earnings yield is 1.54%, the inverse of its 64.9x 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.