P/E ratio for Newmont (NEM)

P/E ratio history for Newmont from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Freeport-McMoRan FCX	24.8	76.78%	🇺🇸 USA
Royal Gold RGLD	29.0	106.90%	🇺🇸 USA
Buenaventura Mining Company BVN	8.56	-38.91%	Peru
Harmony Gold HMY	-36.1	-357.63%	🇿🇦 South Africa
Gold Fields GFI	> 1000	13,878.90%	🇿🇦 South Africa
AngloGold Ashanti AU	12.4	-11.39%	🇿🇦 South Africa
Alcoa AA	6.77	-51.67%	🇺🇸 USA
Agnico Eagle Mines AEM	15.6	11.26%	🇨🇦 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.