Question 1

What is Freeport-McMoRan's P/E ratio?

Accepted Answer

Freeport-McMoRan (FCX) P/E ratio is 34.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Freeport-McMoRan?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Freeport-McMoRan specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Freeport-McMoRan's P/E ratio high or low?

Accepted Answer

Freeport-McMoRan's P/E ratio of 34.3× is above its own 5-year average of 25.1× and above the sector median of 21.4×. That places the current reading at the 78th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Freeport-McMoRan's historical P/E ratio range?

Accepted Answer

In the available daily series, Freeport-McMoRan (FCX) P/E ratio has ranged from a low of 5.3× in 2011 to a high of 77.0× in 2017. The 5-year average is 25.1× and the 5-year median is 27.4×.

Question 7

What was Freeport-McMoRan's P/E ratio in 2025?

Accepted Answer

Freeport-McMoRan (FCX) P/E ratio at the end of 2025 was 33.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Freeport-McMoRan's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$73.3B	$2.2B	33.3×	+4.1×	Dec 31, 2025
2024	$54.7B	$1.87B	29.2×	-4.1×	Dec 31, 2024
2023	$61B	$1.83B	33.3×	+17.6×	Dec 31, 2023
2022	$54.3B	$3.45B	15.7×	+1.6×	Dec 31, 2022
2021	$60.8B	$4.29B	14.2×	-50.1×	Dec 31, 2021
2020	$37.9B	$590M	64.3×	—	Dec 31, 2020
2019	$19.1B	-$251M	—	—	Dec 31, 2019
2018	$14.9B	$2.26B	6.6×	-9.1×	Dec 31, 2018
2017	$27.5B	$1.75B	15.7×	—	Dec 31, 2017
2016	$18.5B	-$4.12B	—	—	Dec 31, 2016
2015	$7.97B	-$12.2B	—	—	Dec 31, 2015
2014	$24.3B	-$1.28B	—	—	Dec 31, 2014
2013	$39.2B	$2.66B	14.7×	+4.1×	Dec 31, 2013
2012	$32.5B	$3.04B	10.7×	+3.0×	Dec 31, 2012
2011	$34.8B	$4.56B	7.6×	-5.4×	Dec 31, 2011
2010	$56.6B	$4.34B	13.0×	+1.2×	Dec 31, 2010
2009	$34.6B	$2.91B	11.9×	—	Dec 31, 2009
2008	$9.78B	-$11.1B	—	—	Dec 31, 2008
2007	$39.2B	$2.98B	13.2×	+4.9×	Dec 31, 2007
2006	$12.1B	$1.46B	8.3×	-1.7×	Dec 31, 2006
2005	$9.98B	$995M	10.0×	-23.8×	Dec 31, 2005
2004	$6.83B	$202M	33.8×	-12.1×	Dec 31, 2004
2003	$8.34B	$182M	45.9×	+31.1×	Dec 31, 2003
2002	$2.43B	$165M	14.8×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Freeport-McMoRan (FCX) 2002-2026

P/E Ratio daily chart for Freeport-McMoRan (FCX)

Historical P/E Ratio for Freeport-McMoRan (FCX) from 2002 to 2025

About P/E Ratio at Freeport-McMoRan (FCX)

Freeport-McMoRan P/E Ratio by Year

Freeport-McMoRan P/E Ratio 2025: 33.3×

Freeport-McMoRan P/E Ratio 2024: 29.2×

Freeport-McMoRan P/E Ratio 2023: 33.3×

Freeport-McMoRan P/E Ratio 2022: 15.7×

Freeport-McMoRan P/E Ratio 2021: 14.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Freeport-McMoRan (FCX) Key Financials