Newmont
NEM
#528
Rank
$33.45 B
Marketcap
$42.09
Share price
-0.89%
Change (1 day)
-38.81%
Change (1 year)

P/E ratio for Newmont (NEM)

P/E ratio as of June 2023 (TTM): -78.0

According to Newmont's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -77.9502. At the end of 2021 the company had a P/E ratio of 42.8.

P/E ratio history for Newmont from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202142.8151.39%
202017.036.27%
201912.5-76.8%
201853.8
2016-28.9-169.01%
201541.8125.79%
201418.5-497.46%
2013-4.66

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.5-126.29%๐Ÿ‡บ๐Ÿ‡ธ USA
34.2-143.87%๐Ÿ‡บ๐Ÿ‡ธ USA
24.4-131.36% Peru
-0.8632-98.89%๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa
785-1,107.05%๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa
24.5-131.45%๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa
-7.62-90.22%๐Ÿ‡บ๐Ÿ‡ธ USA
34.2-143.90%๐Ÿ‡จ๐Ÿ‡ฆ 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.