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Freeport-McMoRan (XTER:FPMB) 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 .
Freeport-McMoRan Forward PE Ratio Related Terms
Freeport-McMoRan Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Freeport-McMoRan'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.
Freeport-McMoRan Forward PE Ratio Chart
Freeport-McMoRan 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
37.45
9.03
10.53
13.77
27.93
20.96
14.73
22.47
20.53
18.99
22.93
Freeport-McMoRan 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
2019-12
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
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
37.45
17.39
41.15
11.53
9.03
11.66
12.29
9.58
10.53
8.78
8.35
13.40
13.77
17.76
27.93
33.33
13.66
20.96
14.95
14.66
11.76
14.73
15.04
7.97
13.19
22.47
24.10
21.37
16.69
20.53
29.41
30.58
22.94
18.99
22.56
25.44
14.78
22.93
19.30
XTER:FPMB vs SCCO, IE, COPRD: Forward PE Ratio Comparison
For the Copper subindustry, Freeport-McMoRan'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.
Freeport-McMoRan Forward PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan'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.
Freeport-McMoRan (XTER:FPMB) has a Forward PE Ratio of 22.42 as of Jul. 14, 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 Freeport-McMoRan and its competitors. According to the industry distribution chart, Freeport-McMoRan ranks #380 out of 487 companies in the Metals & Mining industry, placing it in the top 78%.
Is Freeport-McMoRan's Forward PE Ratio too high?
Freeport-McMoRan's current Forward PE Ratio is 22.42. The Metals & Mining industry median Forward PE Ratio is 11.04. Freeport-McMoRan's value of 22.42 is 103.1% above this industry median. Based on the distribution chart, Freeport-McMoRan ranks #380 out of 487 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Freeport-McMoRan has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Forward PE Ratio compare to SCCO and IE?
According to the Metals & Mining industry distribution chart, Freeport-McMoRan ranks #380 out of 487 companies for Forward PE Ratio. This places Freeport-McMoRan in the lower half of its industry. The industry median Forward PE Ratio is 11.04. Freeport-McMoRan's value of 22.42 is 103.1% 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 11.04, 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. Freeport-McMoRan's current Forward PE Ratio of 22.42 is 103.1% 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 Freeport-McMoRan and its competitors. For the Metals & Mining industry, the median Forward PE Ratio is 11.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freeport-McMoRan's current Forward PE Ratio is 22.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freeport-McMoRan stock overvalued right now?
Based on GuruFocus' analysis, Freeport-McMoRan (XTER:FPMB) is currently considered Significantly Overvalued. The stock's GF Value™ is €40.74, compared to a current price of €53.65 — trading 31.7% above its estimated fair value. The current Forward PE Ratio is 22.42 and 103.1% above the Metals & Mining industry median of 11.04. Freeport-McMoRan's overall GF Score™ is 90/100 with 1 warning sign 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 Freeport-McMoRan (XTER:FPMB), the current Forward PE Ratio is 22.42 as of Jul. 14, 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 Freeport-McMoRan (XTER:FPMB) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of €53.65 is trading 31.7% above its estimated GF Value™ of €40.74.
GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.
Key valuation signals for XTER:FPMB:
Forward PE Ratio: 22.42
GF Value™: €40.74 vs. price of €53.65 (31.7% above fair value)
Industry Position: 103.1% above the Metals & Mining median (#380 of 487)
No single metric tells the full story. See the XTER:FPMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
90GF 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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