Newmont Corporation (NEM) Valuation
Historical valuation analysis based on 1281 data points (2021-09-10 to 2026-10-16)
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest i...
Newmont Corporation (NEM) currently trades at a P/E ratio of 14.54 (historical range: 9.82–64.29, median: 19.16), placing it at the 33th percentile — below its historical average, P/S ratio of 4.85 (range: 2.27–6.80, 87th percentile — expensive relative to its history), EV/EBITDA of 9.21 (range: 6.90–82.52, 16th percentile).
Over the historical period (2021-09-10 to 2026-10-16), Newmont Corporation's P/E ratio has contracted by 62% over the observed period (from an average of 36.4 to 13.9).
Newmont Corporation trades near its historical valuation range, with most metrics close to their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 14.54 | 19.16 | 33th | below its historical average |
| P/S Ratio | 4.85 | 3.51 | 87th | expensive relative to its history |
| EV/EBITDA | 9.21 | 13.90 | 16th | cheap relative to its history |
| FCF Yield | 7.79% | 4.52% | 91th | cheap relative to its history |
Newmont Corporation (NEM) Valuation & P/E History
Newmont Corporation (NEM) is a US-listed stock operating in the Basic Materials sector, specifically the Gold And Silver Ores industry currently trading at $117.93 with a market capitalization of $124.3 billion. This page provides historical valuation analysis for NEM based on 1281 data points covering 2021-09-10 to 2026-10-16. The P/E ratio of 14.54 is below the historical median of 19.16, placing NEM at the 33th percentile of its valuation range. The P/S ratio of 4.85 compares to a median of 3.51.
NEM Valuation Metrics & Historical Range
The valuation table above shows Newmont Corporation'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 NEM 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 NEM 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 Newmont Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is NEM Overvalued or Undervalued?
Newmont Corporation trades near its historical valuation range, with most metrics close to their median levels. The overall valuation percentile of 45 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive NEM 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 NEM analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.NEM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.