Newmont (XBUL:NMM) Cyclically Adjusted FCF per Share: лв3.13 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:NMM Newmont Corp XBUL:NMM
86 GF Score
Price лв80.90
GF Value лв70.24
! 2 Warning Signs
View Full Analysis

What is Newmont Cyclically Adjusted FCF per Share?

Newmont XBUL:NMM 86 Cyclically Adjusted FCF per Share is лв3.13 as of Jun. 2026. GuruFocus rates XBUL:NMM with a GF Score™ of 86/100 and a GF Value™ of лв70.24. The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Newmont's adjusted free cash flow per share for the three months ended in Jun. 2026 was лв3.549. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is лв3.13 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Newmont's average Cyclically Adjusted FCF Growth Rate was 24.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 19.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Newmont was 94.50% per year. The lowest was -38.50% per year. And the median was 11.40% per year.

As of today (2026-07-30), Newmont's current stock price is лв80.90. Newmont's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was лв3.13. Newmont's Cyclically Adjusted Price-to-FCF of today is 25.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Newmont was 88.57. The lowest was 12.66. And the median was 28.56.


Newmont  (XBUL:NMM) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Newmont's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=80.90/3.13
=25.85

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Newmont was 88.57. The lowest was 12.66. And the median was 28.56.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Newmont Cyclically Adjusted FCF per Share Related Terms


Newmont Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Newmont's Cyclically Adjusted FCF per Share 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.

Newmont Cyclically Adjusted FCF per Share Chart

Newmont Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.60

Newmont Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 2.60 2.61 3.13

XBUL:NMM vs AU, RGLD, CDE: Cyclically Adjusted FCF per Share Comparison

For the Gold subindustry, Newmont's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Newmont Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Newmont's Cyclically Adjusted Price-to-FCF falls into.


XBUL:NMM
86GF Score
Newmont Corp XBUL:NMM
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newmont Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Newmont's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.549/333.9520*333.9520
=3.549

Current CPI (Jun. 2026) = 333.9520.

Newmont Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 1.892 241.428 2.617
201612 1.052 241.432 1.455
201703 0.615 243.801 0.842
201706 1.088 244.955 1.483
201709 0.936 246.819 1.266
201712 1.392 246.524 1.886
201803 0.103 249.554 0.138
201806 0.453 251.989 0.600
201809 0.485 252.439 0.642
201812 1.512 251.233 2.010
201903 1.113 254.202 1.462
201906 -0.181 256.143 -0.236
201909 0.758 256.759 0.986
201912 1.621 256.974 2.107
202003 1.291 258.115 1.670
202006 0.819 257.797 1.061
202009 2.770 260.280 3.554
202012 2.745 260.474 3.519
202103 0.947 264.877 1.194
202106 1.241 271.696 1.525
202109 1.602 274.310 1.950
202112 1.847 278.802 2.212
202203 0.556 287.504 0.646
202206 1.132 296.311 1.276
202209 -0.121 296.808 -0.136
202212 0.784 296.797 0.882
202303 -0.097 301.836 -0.107
202306 0.102 305.109 0.112
202309 0.861 307.789 0.934
202312 -0.533 306.746 -0.580
202403 -0.110 312.332 -0.118
202406 0.934 314.175 0.993
202409 1.152 315.301 1.220
202412 2.473 315.605 2.617
202503 1.836 319.799 1.917
202506 2.641 322.561 2.734
202509 2.453 324.800 2.522
202512 4.420 324.054 4.555
202603 4.968 330.213 5.024
202606 3.549 333.952 3.549

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of лв3.13 mean?
Newmont (XBUL:NMM) has a Cyclically Adjusted FCF per Share of лв3.13 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Newmont and its competitors.
Is Newmont's Cyclically Adjusted FCF per Share too high?
Newmont's current Cyclically Adjusted FCF per Share is лв3.13. Overall, Newmont has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Newmont's Cyclically Adjusted FCF per Share compare to AU and RGLD?
Newmont's Cyclically Adjusted FCF per Share of лв3.13 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Newmont and its competitors. Newmont's current Cyclically Adjusted FCF per Share is лв3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmont stock overvalued right now?
Newmont (XBUL:NMM) has a current Cyclically Adjusted FCF per Share of лв3.13. The stock's GF Value™ is лв70.24, compared to a current price of лв80.90 — trading 15.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is лв3.13. Newmont's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Newmont (XBUL:NMM), the current Cyclically Adjusted FCF per Share is лв3.13 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Newmont (XBUL:NMM) Overvalued in 2026?

Based on GuruFocus' analysis, Newmont stock appears to be overvalued. The current stock price of лв80.90 is trading 15.2% above its estimated GF Value™ of лв70.24.

Key valuation signals for XBUL:NMM:

  • Cyclically Adjusted FCF per Share: лв3.13
  • GF Value™: лв70.24 vs. price of лв80.90 (15.2% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the XBUL:NMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Newmont Business Description

Address 6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
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 in November 2023. Its portfolio includes 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.3 million ounces of gold in 2026 from its continuing mines after selling six higher-cost, smaller mines following the Newcrest acquisition. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves, along with significant byproduct reserves at the end of December 2025.
86GF Score

Get the complete analysis for XBUL:NMM

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

лв80.90
Price
лв70.24
GF Value