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First Quantum Minerals (OTCPK:FQVLF) 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 .
First Quantum Minerals Forward PE Ratio Related Terms
First Quantum Minerals Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for First Quantum Minerals'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.
First Quantum Minerals Forward PE Ratio Chart
First Quantum Minerals Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
15.36
22.27
18.94
8.58
22.57
20.92
11.47
17.76
23.31
42.52
30.67
First Quantum Minerals Quarterly 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
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-09
2024-12
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
15.36
15.90
40.00
17.51
22.27
25.84
34.48
17.42
18.94
16.18
19.53
9.88
8.58
13.11
13.33
10.92
22.57
32.15
16.98
20.92
16.37
17.76
8.10
11.47
14.47
7.78
9.23
17.76
18.66
19.84
14.56
23.31
59.88
50.00
42.52
436.00
37.56
30.67
30.64
FQVLF vs SCCO, FCX: Forward PE Ratio Comparison
For the Copper subindustry, First Quantum Minerals'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.
First Quantum Minerals Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals's Forward PE Ratio falls into.
First Quantum Minerals 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.
First Quantum Minerals (FQVLF) has a Forward PE Ratio of 82.97 as of Jul. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on First Quantum Minerals and its competitors. According to the industry distribution chart, First Quantum Minerals ranks #458 out of 486 companies in the Metals & Mining industry, placing it in the top 94.2%.
Is First Quantum Minerals' Forward PE Ratio too high?
First Quantum Minerals' current Forward PE Ratio is 82.97. The Metals & Mining industry median Forward PE Ratio is 10.90. First Quantum Minerals' value of 82.97 is 661.5% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #458 out of 486 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, First Quantum Minerals has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' Forward PE Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #458 out of 486 companies for Forward PE Ratio. This places First Quantum Minerals in the lower half of its industry. The industry median Forward PE Ratio is 10.90. First Quantum Minerals' value of 82.97 is 661.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Metals & Mining company?
The median Forward PE Ratio among Metals & Mining companies is 10.90, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Quantum Minerals's current Forward PE Ratio of 82.97 is 661.5% above 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on First Quantum Minerals and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Quantum Minerals's current Forward PE Ratio is 82.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.16, compared to a current price of $27.79 — trading 72% above its estimated fair value. The current Forward PE Ratio is 82.97 and 661.5% above the Metals & Mining industry median of 10.90. First Quantum Minerals' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For First Quantum Minerals (FQVLF), the current Forward PE Ratio is 82.97 as of Jul. 22, 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 First Quantum Minerals (FQVLF) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of $27.79 is trading 72% above its estimated GF Value™ of $16.16.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for FQVLF:
Forward PE Ratio: 82.97
GF Value™: $16.16 vs. price of $27.79 (72% above fair value)
Industry Position: 661.5% above the Metals & Mining median (#458 of 486)
No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
73GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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