Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Freeport-McMoRan's share price for the quarter that ended in Mar. 2026 was $58.2. Freeport-McMoRan's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 1,437 Mil. Therefore, Freeport-McMoRan's market cap for the quarter that ended in Mar. 2026 was $83,633 Mil.
Freeport-McMoRan's quarterly market cap
increased
from Sep. 2025 ($55,979 Mil) to Dec. 2025 ($72,438 Mil) and
increased
from Dec. 2025 ($72,438 Mil) to Mar. 2026 ($83,633 Mil).
Freeport-McMoRan's annual market cap
declined
from Dec. 2023 ($61,705 Mil) to Dec. 2024 ($56,040 Mil) but then
increased
from Dec. 2024 ($56,040 Mil) to Dec. 2025 ($72,438 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Freeport-McMoRan's Enterprise Value for Today is $106,318 Mil.
Freeport-McMoRan (LIM:FCX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Freeport-McMoRan Market Cap Related Terms
Freeport-McMoRan Market Cap Historical Data
* Premium members only.
The historical data trend for Freeport-McMoRan's Market Cap 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 Copper subindustry, Freeport-McMoRan's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Market Cap distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Freeport-McMoRan's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (LIM:FCX) has a Market Cap of $87,648 Mil as of Jul. 03, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Freeport-McMoRan and its competitors. According to the industry distribution chart, Freeport-McMoRan ranks #8 out of 2686 companies in the Metals & Mining industry, placing it in the top 0.3%.
Is Freeport-McMoRan's Market Cap too high?
Freeport-McMoRan's current Market Cap is $87,648 Mil. The Metals & Mining industry median Market Cap is 21.71. Freeport-McMoRan's value of $87,648 Mil is 403584.6% above this industry median. Based on the distribution chart, Freeport-McMoRan ranks #8 out of 2686 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Freeport-McMoRan has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Market Cap compare to SCCO and IE?
According to the Metals & Mining industry distribution chart, Freeport-McMoRan ranks #8 out of 2686 companies for Market Cap. This places Freeport-McMoRan in the top 0% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.71. Freeport-McMoRan's value of $87,648 Mil is 403584.6% 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 Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.71, based on 2,686 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freeport-McMoRan's current Market Cap of $87,648 Mil is 403584.6% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Freeport-McMoRan and its competitors. For the Metals & Mining industry, the median Market Cap is 21.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freeport-McMoRan's current Market Cap is $87,648 Mil. 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 (LIM:FCX) is currently considered Modestly Overvalued. The stock's GF Value™ is $47.51, compared to a current price of $60.00 — trading 26.3% above its estimated fair value. The current Market Cap is $87,648 Mil and 403584.6% above the Metals & Mining industry median of 21.71. Freeport-McMoRan's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Freeport-McMoRan (LIM:FCX), the current Market Cap is $87,648 Mil as of Jul. 03, 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 (LIM:FCX) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of $60.00 is trading 26.3% above its estimated GF Value™ of $47.51.
GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.
Key valuation signals for LIM:FCX:
Market Cap: $87,648 Mil
GF Value™: $47.51 vs. price of $60.00 (26.3% above fair value)
Industry Position: 403584.6% above the Metals & Mining median (#8 of 2686)
No single metric tells the full story. See the LIM:FCX 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.
81GF Score
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