Freeport-McMoRan
FCX
#233
Rank
$64.99 B
Marketcap
$44.62
Share price
1.46%
Change (1 day)
19.88%
Change (1 year)

P/E ratio for Freeport-McMoRan (FCX)

P/E ratio as of February 2023 (TTM): 16.7

According to Freeport-McMoRan's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.669. At the end of 2021 the company had a P/E ratio of 14.2.

P/E ratio history for Freeport-McMoRan from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202114.2-77.62%
202063.4-154.26%
2019-117-1852.85%
20186.67-56.4%
201715.3-489.21%
2016-3.93550.5%
2015-0.6039-96.72%
2014-18.4-228.67%
201314.334.18%
201210.7
201012.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.7-5.85%๐Ÿ‡ฆ๐Ÿ‡บ Australia
42.0 152.01%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡ฌ๐Ÿ‡ง UK
4.68-71.91%๐Ÿ‡ง๐Ÿ‡ท Brazil
22.6 35.49%๐Ÿ‡บ๐Ÿ‡ธ USA
11.0-34.01%๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.