Newmont (FRA:NMM) Shiller PE Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:NMM Newmont Corp FRA:NMM
80 GF Score
Price €106.98
GF Value €69.59
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Newmont Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Newmont  (FRA:NMM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Newmont Shiller PE Ratio Related Terms


Newmont Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Newmont's Shiller 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 Shiller PE Ratio Chart

Newmont Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.09 84.19 49.56 38.37 58.42

Newmont Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.69 53.13 57.14 52.20 41.46

FRA:NMM vs AU, RGLD, CDE: Shiller PE Ratio Comparison

For the Gold subindustry, Newmont's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Newmont's Shiller PE Ratio falls into.


FRA:NMM
80GF Score
Newmont Corp FRA:NMM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newmont Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Newmont's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Newmont's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.7749/333.9520*333.9520
=1.775

Current CPI (Jun. 2026) = 333.9520.

Newmont Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.368 241.428 0.509
201612 -0.561 241.432 -0.776
201703 0.084 243.801 0.116
201706 0.300 244.955 0.409
201709 0.324 246.819 0.438
201712 -0.858 246.524 -1.162
201803 0.293 249.554 0.392
201806 0.458 251.989 0.607
201809 -0.232 252.439 -0.307
201812 0.003 251.233 0.004
201903 0.144 254.202 0.189
201906 -0.029 256.143 -0.038
201909 2.383 256.759 3.100
201912 0.622 256.974 0.809
202003 0.922 258.115 1.193
202006 0.388 257.797 0.503
202009 0.891 260.280 1.143
202012 0.860 260.474 1.102
202103 0.579 264.877 0.730
202106 0.672 271.696 0.826
202109 0.003 274.310 0.004
202112 -0.051 278.802 -0.061
202203 0.503 287.504 0.584
202206 0.457 296.311 0.515
202209 0.266 296.808 0.299
202212 -1.825 296.797 -2.053
202303 0.412 301.836 0.455
202306 0.179 305.109 0.196
202309 0.183 307.789 0.198
202312 -2.996 306.746 -3.261
202403 0.133 312.332 0.142
202406 0.686 314.175 0.729
202409 0.731 315.301 0.774
202412 1.159 315.605 1.226
202503 1.594 319.799 1.665
202506 1.635 322.561 1.693
202509 1.425 324.800 1.465
202512 1.022 324.054 1.053
202603 2.565 330.213 2.594
202606 1.775 333.952 1.775

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Newmont (FRA:NMM) Overvalued in 2026?

Based on GuruFocus' analysis, Newmont stock appears to be overvalued. The current stock price of €106.98 is trading 53.7% above its estimated GF Value™ of €69.59. GuruFocus considers Newmont to be Significantly Overvalued.

Key valuation signals for FRA:NMM:

  • Shiller PE Ratio:
  • GF Value™: €69.59 vs. price of €106.98 (53.7% above fair value)
  • GF Score™: 80/100 with 5 warning signs

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 Business Description

Address 6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
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.
80GF Score

Get the complete analysis for FRA:NMM

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€106.98
Price
€69.59
GF Value