Newcrest Mining (Newcrest Mining) Forward PE Ratio : 19.08 (As of Apr. 26, 2024)

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What is Newcrest Mining Forward PE Ratio?

Newcrest Mining's Forward PE Ratio for today is 19.08.

Newcrest Mining's PE Ratio without NRI for today is 18.09.

Newcrest Mining's PE Ratio for today is 18.09.

Newcrest Mining Forward PE Ratio Historical Data

The historical data trend for Newcrest Mining's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Newcrest Mining Forward PE Ratio Chart

Newcrest Mining Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-11

Forward PE Ratio

27.47

20.70

35.21

25.91

21.74

14.62

18.45

16.61

18.87

Newcrest Mining Semi-Annual Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03
Forward PE Ratio	27.47	35.46	41.84	20.96	20.70	24.21	24.94	40.00	35.21	14.01	14.97	17.01	25.91	27.55	30.86	25.58	21.74	16.21	17.92	15.58	14.62	16.92	15.80	15.85	18.45	18.38	12.06	10.10	16.61	24.10

Competitive Comparison of Newcrest Mining's Forward PE Ratio

For the Gold subindustry, Newcrest Mining's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newcrest Mining's Forward PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newcrest Mining's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Newcrest Mining's Forward PE Ratio falls into.

Newcrest Mining Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Newcrest Mining (OTCPK:NCMGY) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Newcrest Mining Forward PE Ratio Related Terms

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Newcrest Mining (Newcrest Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newcrest Mining Ltd (OTCPK:NCMGY) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Saint Kilda Road, Level 8, Melbourne, VIC, AUS, 3004

Website

https://www.newcrest.com.au

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.