Freeport-McMoran Inc. (FCX) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona...
Freeport-McMoran Inc. (FCX) currently trades at a P/E ratio of 33.91 (historical range: 7.53–47.78, median: 27.76), placing it at the 77th percentile — above its historical average, P/S ratio of 3.86 (range: 1.51–4.44, 97th percentile — expensive relative to its history), EV/EBITDA of 15.33 (range: 4.00–17.12, 97th percentile).
Over the historical period (2021-09-10 to 2026-10-16), Freeport-McMoran Inc.'s P/E ratio has expanded by 90% over the observed period (from an average of 18.0 to 34.2).
Freeport-McMoran Inc. trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 33.91 | 27.76 | 77th | above its historical average |
| P/S Ratio | 3.86 | 2.63 | 97th | expensive relative to its history |
| EV/EBITDA | 15.33 | 9.72 | 97th | expensive relative to its history |
| FCF Yield | 1.76% | 1.85% | 48th | near its historical average |
Freeport-McMoran Inc. (FCX) Valuation & P/E History
Freeport-McMoran Inc. (FCX) is a US-listed stock operating in the Basic Materials sector, specifically the Metal Mining industry currently trading at $69.32 with a market capitalization of $99.5 billion. This page provides historical valuation analysis for FCX based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 33.91 is above the historical median of 27.76, placing FCX at the 77th percentile of its valuation range. The P/S ratio of 3.86 compares to a median of 2.63.
FCX Valuation Metrics & Historical Range
The valuation table above shows Freeport-McMoran Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether FCX is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests FCX is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Freeport-McMoran Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is FCX Overvalued or Undervalued?
Freeport-McMoran Inc. trades well above its own historical valuation range across most metrics. The overall valuation percentile of 90 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive FCX is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full FCX analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.FCX trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.