The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Freeport-McMoRan's share price is ARS15100.00.
Freeport-McMoRan's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was ARS54,959.02. Hence, Freeport-McMoRan's PS Ratio for today is 0.27.
Good Sign:
Freeport-McMoRan Inc stock PS Ratio (=2.34) is close to 2-year low of 2.14
The historical rank and industry rank for Freeport-McMoRan's PS Ratio or its related term are showing as below:
BUE:FCX'
s PS Ratio Range Over the Past 10 Years
Min: 0.28 Med: 1.39 Max: 3.98
Current: 2.34
During the past 13 years, Freeport-McMoRan's highest PS Ratio was 3.98. The lowest was 0.28. And the median was 1.39.
BUE:FCX's PS Ratio is ranked worse than 57.07% of 736
companies
in the Metals & Mining industry
Industry Median: 1.84
vs BUE:FCX: 2.34
During the past 12 months, the average Revenue per Share Growth Rate of Freeport-McMoRan was 12.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 17.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -2.00% per year.
During the past 13 years, Freeport-McMoRan's highest 3-Year average Revenue per Share Growth Rate was 49.30% per year. The lowest was -18.50% per year. And the median was 6.20% per year.
Back to Basics: PS Ratio
Freeport-McMoRan PS Ratio Historical Data
The historical data trend for Freeport-McMoRan's PS 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.
Competitive Comparison of Freeport-McMoRan's PS Ratio
For the Copper subindustry, Freeport-McMoRan's PS Ratio, along with its competitors' market caps and PS 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's PS Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's PS Ratio distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's PS Ratio falls into.
Freeport-McMoRan PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Freeport-McMoRan's Share Price of today is ARS15100.00. Freeport-McMoRan's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS54,959.02.
* 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:
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Freeport-McMoRan PS Ratio Related Terms
Thank you for viewing the detailed overview of Freeport-McMoRan's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
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