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 -4.07%83 Forward PE Ratio is 9.84 as of Jul. 17, 2026. GuruFocus rates FRA:NMM with a GF Score™ of 83/100 and a GF Value™ of €63.46 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 487 Metals & Mining companies, Newmont ranks better than 55.24% on this metric.
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 .
Newmont Forward PE Ratio Related Terms
Newmont Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Newmont'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.
Newmont Forward PE Ratio Chart
Newmont 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
28.65
21.32
27.10
26.32
21.93
15.41
17.33
17.79
11.81
9.73
12.74
Newmont 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
2020-06
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
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
28.65
26.81
34.97
20.16
21.32
26.67
26.81
28.41
27.10
26.88
26.60
20.16
26.32
33.78
33.00
25.77
21.93
22.03
28.25
13.74
15.41
16.45
20.08
17.39
17.33
20.88
15.34
13.19
17.79
16.78
13.00
10.20
11.81
13.76
11.75
10.06
9.73
14.76
12.03
14.64
12.74
10.86
FRA:NMM vs AU, RGLD, CDE: Forward PE Ratio Comparison
For the Gold subindustry, Newmont'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.
Newmont Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Newmont's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Newmont's Forward PE Ratio falls into.
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.
Newmont (FRA:NMM) has a Forward PE Ratio of 9.84 as of Jul. 17, 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 Newmont and its competitors. According to the industry distribution chart, Newmont ranks #218 out of 487 companies in the Metals & Mining industry, placing it in the top 44.8%.
Is Newmont's Forward PE Ratio too high?
Newmont's current Forward PE Ratio is 9.84. The Metals & Mining industry median Forward PE Ratio is 10.79. Newmont's value of 9.84 is 8.8% below this industry median. Based on the distribution chart, Newmont ranks #218 out of 487 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Newmont has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmont's Forward PE Ratio compare to AU and RGLD?
According to the Metals & Mining industry distribution chart, Newmont ranks #218 out of 487 companies for Forward PE Ratio. This puts Newmont in the upper half of its industry. The industry median Forward PE Ratio is 10.79. Newmont's value of 9.84 is 8.8% below 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 10.79, based on 487 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. Newmont's current Forward PE Ratio of 9.84 is 8.8% 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 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 Newmont and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 10.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Newmont's current Forward PE Ratio is 9.84. 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 Modestly Overvalued. The stock's GF Value™ is €63.46, compared to a current price of €79.61 — trading 25.4% above its estimated fair value. The current Forward PE Ratio is 9.84 and 8.8% below the Metals & Mining industry median of 10.79. Newmont's overall GF Score™ is 83/100 with 2 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 Newmont (FRA:NMM), the current Forward PE Ratio is 9.84 as of Jul. 17, 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 €79.61 is trading 25.4% above its estimated GF Value™ of €63.46.
GuruFocus considers Newmont to be Modestly Overvalued.
Key valuation signals for FRA:NMM:
Forward PE Ratio: 9.84
GF Value™: €63.46 vs. price of €79.61 (25.4% above fair value)
Industry Position: 8.8% below the Metals & Mining median (#218 of 487)
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.
83GF Score
Get the complete analysis for FRA:NMM
Forward PE Ratio 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 
