Freeport-McMoRanMEX:FCX +0.65%82 PB Ratio is 4.45 as of Jun. 26, 2026, which is 35% above its 10-year median of 3.30. GuruFocus rates MEX:FCX with a GF Score™ of 82/100 and a GF Value™ of MXN843.05 (Modestly Overvalued). Among 2,358 Metals & Mining companies, Freeport-McMoRan ranks worse than 75.11% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Freeport-McMoRan's share price is MXN1090.00. Freeport-McMoRan's Book Value per Share for the quarter that ended in Mar. 2026 was MXN244.77. Hence, Freeport-McMoRan's PB Ratio of today is 4.45.
The historical rank and industry rank for Freeport-McMoRan's PB Ratio or its related term are showing as below:
MEX:FCX'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 3.3 Max: 5.89
Current: 4.63
During the past 13 years, Freeport-McMoRan's highest PB Ratio was 5.89. The lowest was 0.86. And the median was 3.30.
MEX:FCX's PB Ratio is ranked worse than 75.11% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.25
vs MEX:FCX: 4.63
During the past 12 months, Freeport-McMoRan's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Freeport-McMoRan was 371.10% per year. The lowest was -76.50% per year. And the median was 11.15% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Freeport-McMoRan PB Ratio Related Terms
Freeport-McMoRan PB Ratio Historical Data
* Premium members only.
The historical data trend for Freeport-McMoRan's PB 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.
For the Copper subindustry, Freeport-McMoRan's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's PB Ratio distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Freeport-McMoRan (MEX:FCX) has a PB Ratio of 4.45 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Freeport-McMoRan and its competitors. This is 35% above median its historical median of 3.30. Over the past decade, Freeport-McMoRan's PB Ratio has ranged from 0.86 to 5.89. According to the industry distribution chart, Freeport-McMoRan ranks #1771 out of 2358 companies in the Metals & Mining industry, placing it in the top 75.1%.
Is Freeport-McMoRan's PB Ratio too high?
Freeport-McMoRan's current PB Ratio of 4.45 is 35% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 5.89. The Metals & Mining industry median PB Ratio is 2.25. Freeport-McMoRan's value of 4.45 is 97.8% above this industry median. Based on the distribution chart, Freeport-McMoRan ranks #1771 out of 2358 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Freeport-McMoRan has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's PB Ratio compare to SCCO and IE?
According to the Metals & Mining industry distribution chart, Freeport-McMoRan ranks #1771 out of 2358 companies for PB Ratio. This places Freeport-McMoRan in the lower half of its industry. The industry median PB Ratio is 2.25. Freeport-McMoRan's value of 4.45 is 97.8% above this benchmark. Historically, Freeport-McMoRan's own PB Ratio has ranged from 0.86 to 5.89 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 2.25, Freeport-McMoRan has consistently been above 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.25, based on 2,358 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freeport-McMoRan's current PB Ratio of 4.45 is 97.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Freeport-McMoRan and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freeport-McMoRan's current PB Ratio is 4.45, which is 35% above median its own 10-year median of 3.30. 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 (MEX:FCX) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN843.05, compared to a current price of MXN1,090.00 — trading 29.3% above its estimated fair value. The current PB Ratio is 4.45, which is 35% above median its 10-year median of 3.30 and 97.8% above the Metals & Mining industry median of 2.25. Freeport-McMoRan's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Freeport-McMoRan (MEX:FCX), the current PB Ratio is 4.45 as of Jun. 26, 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 (MEX:FCX) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of MXN1,090.00 is trading 29.3% above its estimated GF Value™ of MXN843.05.
GuruFocus considers Freeport-McMoRan to be Modestly Overvalued.
Key valuation signals for MEX:FCX:
PB Ratio: 4.45 (35% above median its 10-year median of 3.30)
GF Value™: MXN843.05 vs. price of MXN1,090.00 (29.3% above fair value)
Industry Position: 97.8% above the Metals & Mining median (#1771 of 2358)
No single metric tells the full story. See the MEX: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.
82GF Score
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