Newmont Corporation (NEM) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
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 16.93 (historical range: 9.82–20.34, median: 13.55), placing it at the 87th percentile — expensive relative to its history, P/S ratio of 5.74 (range: 2.51–6.80, 91th percentile — expensive relative to its history), EV/EBITDA of 31.55 (range: 21.48–31.83, 90th percentile).
Over the historical period (2024-08-30 to 2026-08-28), Newmont Corporation's P/E ratio has expanded by 27% over the observed period (from an average of 11.7 to 14.9).
Newmont Corporation appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 16.93 | 9.82 | 13.55 | 20.34 | 87th | expensive relative to its history |
| P/S Ratio | 5.74 | 2.51 | 4.07 | 6.80 | 91th | expensive relative to its history |
| EV/EBITDA | 31.55 | 21.48 | 27.24 | 31.83 | 90th | expensive relative to its history |
| FCF Yield | 0.02 | 0.01 | 0.03 | 0.07 | 19th | expensive relative to its history |