Forward PE Ratio: 9.37
The forward PE ratio is 9.37 as of Thursday, July 9, 2026.
Forward PE Ratio (9.37) = Close Price ($94.81) / Consensus Forward EPS ($9.94)
NEM Forward PE Ratio Metrics
FORWARD PE RATIO
9.37
NEM Competitors' Forward PE Ratio
Newmont Corporation
Market Cap
$101.21B
Forward PE Ratio
9.37
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Newmont Corporation (NEM) | $101.21B | 9.37 |
| Freeport-McMoRan Inc. (FCX)vs › | $86.97B | 20.79 |
| Johnson Controls International plc (JCI)vs › | $85.74B | 28.62 |
| The Sherwin-Williams Company (SHW)vs › | $81.89B | 28.15 |
| Ecolab Inc. (ECL)vs › | $76.84B | 33.10 |
| CRH plc (CRH)vs › | $69.73B | 17.34 |
| Air Products and Chemicals, Inc. (APD)vs › | $65.88B | 22.46 |
| Barrick Mining Corporation (B)vs › | $61.71B | 9.47 |
| Vale S.A. (VALE)vs › | $60.64B | 6.92 |
| Rio Tinto Group (RIO)vs › | $145.33B | 10.44 |
Trailing vs Forward
Trailing P/E
12.1
reported TTM EPS
Forward P/E
9.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $9.94 implies +28.6% EPS growth vs the reported trailing $7.73.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $94.81 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $9.94 | $8.79 – $11.30 | 11 | 9.5x |
| 2027-12-31 | $11.05 | $9.41 – $13.21 | 11 | 8.6x |
| 2028-12-31 | $12.10 | $6.97 – $18.20 | 9 | 7.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Newmont Corporation (NEM)?
- The forward PE ratio for NEM stock is 9.37.
Related Metrics
About Newmont Corporation
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
- Sector
- Basic Materials
- Industry
- Gold
- CEO
- Natascha Viljoen