P/E ratio for Newmont (NEM)

P/E ratio history for Newmont from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Gold Fields GFI	N/A	N/A	🇿🇦 South Africa
Royal Gold RGLD	41.7	-199.74%	🇺🇸 USA
Agnico Eagle Mines AEM	15.6	-137.24%	🇨🇦 Canada
Freeport-McMoRan FCX	29.2	-169.70%	🇺🇸 USA
AngloGold Ashanti AU	30.7	-173.51%	🇿🇦 South Africa
Buenaventura Mining Company BVN	32.1	-176.71%	Peru
Alcoa AA	-9.40	-77.52%	🇺🇸 USA
Harmony Gold HMY	-1.77	-95.76%	🇿🇦 South Africa

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.