P/E ratio for Newmont (NEM)
P/E ratio as of April 2024 (TTM): -37.4
According to Newmont's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -37.4272. At the end of 2022 the company had a P/E ratio of -87.4.
P/E ratio history for Newmont from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -87.4 | -304.35% |
| 2021 | 42.8 | 151.39% |
| 2020 | 17.0 | 36.27% |
| 2019 | 12.5 | -76.8% |
| 2018 | 53.8 | -130.13% |
| 2017 | -179 | 518.8% |
| 2016 | -28.9 | -169.01% |
| 2015 | 41.8 | 125.79% |
| 2014 | 18.5 | -505.51% |
| 2013 | -4.57 | -135.82% |
| 2012 | 12.8 | -84.27% |
| 2011 | 81.1 | 511.21% |
| 2010 | 13.3 | -25.4% |
| 2009 | 17.8 | -19.59% |
| 2008 | 22.1 | -288.9% |
| 2007 | -11.7 | -145.91% |
| 2006 | 25.5 | -65.61% |
| 2005 | 74.2 | 67% |
| 2004 | 44.4 | 5.06% |
| 2003 | 42.3 | -46.13% |
| 2002 | 78.5 | -206.75% |
| 2001 | -73.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Freeport-McMoRan FCX | 33.3 | -189.01% | 🇺🇸 USA |
 Royal Gold
RGLD | 34.3 | -191.57% | 🇺🇸 USA |
 Buenaventura Mining Company BVN | 42.1 | -212.57% | Peru |
 Harmony Gold HMY | -1.70 | -95.45% | 🇿🇦 South Africa |
 Gold Fields
GFI | N/A | N/A | 🇿🇦 South Africa |
 AngloGold Ashanti
AU | 29.3 | -178.21% | 🇿🇦 South Africa |
 Alcoa AA | -7.19 | -80.78% | 🇺🇸 USA |
 Agnico Eagle Mines AEM | 11.9 | -131.76% | 🇨🇦 Canada |
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.