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 |
|---|---|---|
| 2021 | 14.2 | -77.62% |
| 2020 | 63.4 | -154.26% |
| 2019 | -117 | -1852.85% |
| 2018 | 6.67 | -56.4% |
| 2017 | 15.3 | -489.21% |
| 2016 | -3.93 | 550.5% |
| 2015 | -0.6039 | -96.72% |
| 2014 | -18.4 | -228.67% |
| 2013 | 14.3 | 34.18% |
| 2012 | 10.7 | |
| 2010 | 12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 15.7 | -5.85% | 🇦🇺 Australia |
 Newmont NEM | 42.0 | 152.01% | 🇺🇸 USA |
 Rio Tinto RIO | N/A | N/A | 🇬🇧 UK |
 Vale VALE | 4.68 | -71.91% | 🇧🇷 Brazil |
 Southern Copper SCCO | 22.6 | 35.49% | 🇺🇸 USA |
 Grupo México
GMBXF | 11.0 | -34.01% | 🇲🇽 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.