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.
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.
NewmontFRA:NMM -0.93%85 Debt-to-EBITDA is 0.39 as of Jun. 2026, which is 76% below its 10-year median of 1.64. GuruFocus rates FRA:NMM with a GF Score™ of 85/100 and a GF Value™ of €63.52 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 594 Metals & Mining companies, Newmont ranks better than 71.89% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Newmont's Debt-to-EBITDA or its related term are showing as below:
FRA:NMM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.34 Med: 1.64 Max: 29.49
Current: 0.34
During the past 13 years, the highest Debt-to-EBITDA Ratio of Newmont was 29.49. The lowest was 0.34. And the median was 1.64.
FRA:NMM's Debt-to-EBITDA is ranked better than 71.89% of 594
companies
in the Metals & Mining industry
Industry Median: 1.21
vs FRA:NMM: 0.34
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Newmont Debt-to-EBITDA Related Terms
Newmont Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Newmont's Debt-to-EBITDA 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.
FRA:NMM vs AU, RGLD, CDE: Debt-to-EBITDA Comparison
For the Gold subindustry, Newmont's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newmont's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Newmont's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Newmont (FRA:NMM) has a Debt-to-EBITDA of 0.39 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Newmont. This is 76% below median its historical median of 1.64. Over the past decade, Newmont's Debt-to-EBITDA has ranged from 0.34 to 29.49. According to the industry distribution chart, Newmont ranks #167 out of 594 companies in the Metals & Mining industry, placing it in the top 28.1%.
Is Newmont's Debt-to-EBITDA too high?
Newmont's current Debt-to-EBITDA of 0.39 is 76% below median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 29.49. The Metals & Mining industry median Debt-to-EBITDA is 1.21. Newmont's value of 0.39 is 67.8% below this industry median. Based on the distribution chart, Newmont ranks #167 out of 594 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Newmont has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmont's Debt-to-EBITDA compare to AU and RGLD?
According to the Metals & Mining industry distribution chart, Newmont ranks #167 out of 594 companies for Debt-to-EBITDA. This puts Newmont in the upper half of its industry. The industry median Debt-to-EBITDA is 1.21. Newmont's value of 0.39 is 67.8% below this benchmark. Historically, Newmont's own Debt-to-EBITDA has ranged from 0.34 to 29.49 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.21, Newmont has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.21, based on 594 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newmont's current Debt-to-EBITDA of 0.39 is 67.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Newmont. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newmont's current Debt-to-EBITDA is 0.39, which is 76% below median its own 10-year median of 1.64. 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?
Based on GuruFocus' analysis, Newmont (FRA:NMM) is currently considered Significantly Overvalued. The stock's GF Value™ is €63.52, compared to a current price of €83.26 — trading 31.1% above its estimated fair value. The current Debt-to-EBITDA is 0.39, which is 76% below median its 10-year median of 1.64 and 67.8% below the Metals & Mining industry median of 1.21. Newmont's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Newmont (FRA:NMM), the current Debt-to-EBITDA is 0.39 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 (FRA:NMM) Overvalued in 2026?
Based on GuruFocus' analysis, Newmont stock appears to be overvalued.
The current stock price of €83.26 is trading 31.1% above its estimated GF Value™ of €63.52.
GuruFocus considers Newmont to be Significantly Overvalued.
Key valuation signals for FRA:NMM:
Debt-to-EBITDA: 0.39 (76% below median its 10-year median of 1.64)
GF Value™: €63.52 vs. price of €83.26 (31.1% above fair value)
Industry Position: 67.8% below the Metals & Mining median (#167 of 594)
No single metric tells the full story. See the FRA:NMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
Get the complete analysis for FRA:NMM
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:NMM has been successfully added to your 
