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 |
|---|---|---|
| 2021 | 42.8 | 151.39% |
| 2020 | 17.0 | 36.27% |
| 2019 | 12.5 | -76.8% |
| 2018 | 53.8 | |
| 2016 | -28.9 | -169.01% |
| 2015 | 41.8 | 125.79% |
| 2014 | 18.5 | -497.46% |
| 2013 | -4.66 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Freeport-McMoRan FCX | 20.5 | -126.29% | 🇺🇸 USA |
 Royal Gold
RGLD | 34.2 | -143.87% | 🇺🇸 USA |
 Buenaventura Mining Company BVN | 24.4 | -131.36% | Peru |
 Harmony Gold HMY | -0.8632 | -98.89% | 🇿🇦 South Africa |
 Gold Fields
GFI | 785 | -1,107.05% | 🇿🇦 South Africa |
 AngloGold Ashanti
AU | 24.5 | -131.45% | 🇿🇦 South Africa |
 Alcoa AA | -7.62 | -90.22% | 🇺🇸 USA |
 Agnico Eagle Mines AEM | 34.2 | -143.90% | 🇨🇦 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.