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Freeport-McMoRanXSWX:FCX +1.40%75 Shiller PE Ratio is 44.00 as of Sep. 14, 2026, which is 1% below its 10-year median of 44.35. GuruFocus rates XSWX:FCX with a GF Score™ of 75/100 and a GF Value™ of CHF40.06 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 413 Metals & Mining companies, Freeport-McMoRan ranks worse than 64.41% on this metric.
As of today (2026-09-14), Freeport-McMoRan's current share price is CHF58.52. Freeport-McMoRan's E10 for the quarter that ended in Jun. 2026 was CHF1.33. Freeport-McMoRan's Shiller PE Ratio for today is 44.00.
The historical rank and industry rank for Freeport-McMoRan's Shiller PE Ratio or its related term are showing as below:
XSWX:FCX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 19.71 Med: 44.35 Max: 340
Current: 43.45
During the past years, Freeport-McMoRan's highest Shiller PE Ratio was 340.00. The lowest was 19.71. And the median was 44.35.
XSWX:FCX's Shiller PE Ratio is ranked worse than 64.41% of 413
companies
in the Metals & Mining industry
Industry Median: 31.27
vs XSWX:FCX: 43.45
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Freeport-McMoRan's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF0.544. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF1.33 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Freeport-McMoRan (XSWX:FCX) 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.
Freeport-McMoRan Shiller PE Ratio Related Terms
Freeport-McMoRan Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Freeport-McMoRan'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.
XSWX:FCX vs SCCO, IE, COPR: Shiller PE Ratio Comparison
For the Copper subindustry, Freeport-McMoRan'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.
Freeport-McMoRan Shiller PE Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Freeport-McMoRan's Shiller PE Ratio falls into.
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.
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Freeport-McMoRan's adjusted earnings per share data for the three months ended in Jun. 2026 was:
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.
Freeport-McMoRan (XSWX:FCX) has a Shiller PE Ratio of 44.00 as of Sep. 14, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Freeport-McMoRan and its competitors. This is near median its historical median of 44.35. Over the past decade, Freeport-McMoRan's Shiller PE Ratio has ranged from 19.71 to 340.00. According to the industry distribution chart, Freeport-McMoRan ranks #266 out of 413 companies in the Metals & Mining industry, placing it in the top 64.4%.
Is Freeport-McMoRan's Shiller PE Ratio too high?
Freeport-McMoRan's current Shiller PE Ratio of 44.00 is near median its 10-year median of 44.35. Over the past 10 years, this metric has ranged from a low of 19.71 to a high of 340.00. The Metals & Mining industry median Shiller PE Ratio is 31.27. Freeport-McMoRan's value of 44.00 is 40.7% above this industry median. Based on the distribution chart, Freeport-McMoRan ranks #266 out of 413 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Freeport-McMoRan has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Shiller PE Ratio compare to SCCO and IE?
According to the Metals & Mining industry distribution chart, Freeport-McMoRan ranks #266 out of 413 companies for Shiller PE Ratio. This places Freeport-McMoRan in the lower half of its industry. The industry median Shiller PE Ratio is 31.27. Freeport-McMoRan's value of 44.00 is 40.7% above this benchmark. Historically, Freeport-McMoRan's own Shiller PE Ratio has ranged from 19.71 to 340.00 over the past decade. While the company's 10-year median is 44.35 vs. the industry median of 31.27, 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 Shiller PE Ratio for a Metals & Mining company?
The median Shiller PE Ratio among Metals & Mining companies is 31.27, based on 413 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Freeport-McMoRan's current Shiller PE Ratio of 44.00 is 40.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Freeport-McMoRan and its competitors. For the Metals & Mining industry, the median Shiller PE Ratio is 31.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freeport-McMoRan's current Shiller PE Ratio is 44.00, which is near median its own 10-year median of 44.35. 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 (XSWX:FCX) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF40.06, compared to a current price of CHF58.52 — trading 46.1% above its estimated fair value. The current Shiller PE Ratio is 44.00, which is near median its 10-year median of 44.35 and 40.7% above the Metals & Mining industry median of 31.27. Freeport-McMoRan's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Freeport-McMoRan (XSWX:FCX), the current Shiller PE Ratio is 44.00 as of Sep. 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 (XSWX:FCX) Overvalued in 2026?
Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued.
The current stock price of CHF58.52 is trading 46.1% above its estimated GF Value™ of CHF40.06.
GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.
Key valuation signals for XSWX:FCX:
Shiller PE Ratio: 44.00 (near median its 10-year median of 44.35)
GF Value™: CHF40.06 vs. price of CHF58.52 (46.1% above fair value)
Industry Position: 40.7% above the Metals & Mining median (#266 of 413)
No single metric tells the full story. See the XSWX: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.
75GF Score
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