NEM P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NEM's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
NEM P/E ratio by year
Yearly range of NEM’s p/e ratio from 2016 to 2026. Over the full period it ranged from -700.0 to 745.6, averaging 3.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.2 | 15.1 | 20.6 | 13.0 |
| 2025 | 9.9 | 13.3 | 16.6 | 15.6 |
| 2024 | -38.1 | -20.6 | 12.7 | 12.7 |
| 2023 | -101.8 | -59.2 | -33.1 | -40.4 |
| 2022 | 30.0 | 45.6 | 64.7 | 37.4 |
| 2021 | 15.0 | 19.3 | 42.7 | 42.7 |
| 2020 | 10.5 | 15.0 | 21.5 | 17.1 |
| 2019 | -301.6 | -35.9 | 87.0 | 12.5 |
| 2018 | -198.0 | 132.1 | 699.0 | 54.2 |
| 2017 | -700.0 | -200.2 | 198.0 | 192.5 |
| 2016 | 607.3 | 660.4 | 745.6 | 669.4 |
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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 NEM P/E ratio High or Low Right Now?
Newmont Corporation's P/E ratio is currently 13.0, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for NEM is approximately 14.4. See all NEM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.