NewmontXTER:NMM -1.44%86 EV-to-FCF is 10.68 as of Jul. 01, 2026, which is 49% below its 10-year median of 20.83. GuruFocus rates XTER:NMM with a GF Score™ of 86/100 and a GF Value™ of €63.22 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 447 Metals & Mining companies, Newmont ranks better than 68.01% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Newmont's Enterprise Value is €84,854 Mil.
Newmont's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €7,943 Mil. Therefore, Newmont's EV-to-FCF for today is 10.68.
The historical rank and industry rank for Newmont's EV-to-FCF or its related term are showing as below:
XTER:NMM'
s EV-to-FCF Range Over the Past 10 Years
Min: 10.46 Med: 20.83 Max: 848.92
Current: 10.46
During the past 13 years, the highest EV-to-FCF of Newmont was 848.92. The lowest was 10.46. And the median was 20.83.
XTER:NMM's EV-to-FCF is ranked better than 68.01% of 447
companies
in the Metals & Mining industry
Industry Median: 18.31
vs XTER:NMM: 10.46
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Newmont's share price for today is €81.28.
Newmont's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.638.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Newmont EV-to-FCF Related Terms
Newmont EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Newmont's EV-to-FCF 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.
For the Gold subindustry, Newmont's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newmont's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Newmont's EV-to-FCF falls into.
Newmont's current Enterprise Value is €84,854 Mil.
Newmont's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €7,943 Mil.
* 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 (XTER:NMM) has a EV-to-FCF of 10.68 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Newmont and its competitors. This is 49% below median its historical median of 20.83. Over the past decade, Newmont's EV-to-FCF has ranged from 10.46 to 848.92. According to the industry distribution chart, Newmont ranks #143 out of 447 companies in the Metals & Mining industry, placing it in the top 32%.
Is Newmont's EV-to-FCF too high?
Newmont's current EV-to-FCF of 10.68 is 49% below median its 10-year median of 20.83. Over the past 10 years, this metric has ranged from a low of 10.46 to a high of 848.92. The Metals & Mining industry median EV-to-FCF is 18.31. Newmont's value of 10.68 is 41.7% below this industry median. Based on the distribution chart, Newmont ranks #143 out of 447 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Newmont has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmont's EV-to-FCF compare to AU and RGLD?
According to the Metals & Mining industry distribution chart, Newmont ranks #143 out of 447 companies for EV-to-FCF. This puts Newmont in the upper half of its industry. The industry median EV-to-FCF is 18.31. Newmont's value of 10.68 is 41.7% below this benchmark. Historically, Newmont's own EV-to-FCF has ranged from 10.46 to 848.92 over the past decade. While the company's 10-year median is 20.83 vs. the industry median of 18.31, 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 EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 18.31, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Newmont's current EV-to-FCF of 10.68 is 41.7% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Newmont and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 18.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newmont's current EV-to-FCF is 10.68, which is 49% below median its own 10-year median of 20.83. 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 (XTER:NMM) is currently considered Modestly Overvalued. The stock's GF Value™ is €63.22, compared to a current price of €81.28 — trading 28.6% above its estimated fair value. The current EV-to-FCF is 10.68, which is 49% below median its 10-year median of 20.83 and 41.7% below the Metals & Mining industry median of 18.31. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Newmont (XTER:NMM), the current EV-to-FCF is 10.68 as of Jul. 01, 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 (XTER:NMM) Overvalued in 2026?
Based on GuruFocus' analysis, Newmont stock appears to be overvalued.
The current stock price of €81.28 is trading 28.6% above its estimated GF Value™ of €63.22.
GuruFocus considers Newmont to be Modestly Overvalued.
Key valuation signals for XTER:NMM:
EV-to-FCF: 10.68 (49% below median its 10-year median of 20.83)
GF Value™: €63.22 vs. price of €81.28 (28.6% above fair value)
Industry Position: 41.7% below the Metals & Mining median (#143 of 447)
No single metric tells the full story. See the XTER: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.
86GF Score
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