FCX P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
FCX's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
FCX P/E ratio by year
Yearly range of FCX’s p/e ratio from 2016 to 2026. Over the full period it ranged from -343.2 to 95.4, averaging 8.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 28.2 | 35.6 | 45.3 | 35.7 |
| 2025 | 24.1 | 31.1 | 37.1 | 33.4 |
| 2024 | 27.9 | 35.8 | 48.4 | 29.5 |
| 2023 | 15.0 | 22.9 | 30.8 | 28.7 |
| 2022 | 7.6 | 12.2 | 17.9 | 14.4 |
| 2021 | 12.0 | 35.7 | 95.4 | 14.4 |
| 2020 | -343.2 | -94.3 | 65.2 | 65.2 |
| 2019 | -155.9 | -22.8 | 27.0 | -75.8 |
| 2018 | 4.5 | 9.9 | 16.6 | 6.6 |
| 2017 | -5.1 | 30.7 | 95.1 | 26.4 |
| 2016 | -2.3 | -1.7 | -0.9 | -1.9 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is FCX P/E ratio High or Low Right Now?
Freeport-McMoRan Inc.'s P/E ratio is currently 35.7, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for FCX is approximately 18.4. See all FCX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.