Question 1

What is Newmont's EV/EBITDA ratio?

Accepted Answer

Newmont (NEM) EV/EBITDA ratio is 6.0× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. 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 EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Newmont?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Newmont specifically, the relevant sector benchmark is the current sector median of 12.2×.

Question 5

Is Newmont's EV/EBITDA ratio high or low?

Accepted Answer

Newmont's EV/EBITDA ratio of 6.0× is below its own 5-year average of 11.9× and below the sector median of 12.2×. That places the current reading at the 2th 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 Newmont's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Newmont (NEM) EV/EBITDA ratio has ranged from a low of 4.5× in 2015 to a high of 44.1× in 2013. The 5-year average is 11.9× and the 5-year median is 11.2×.

Question 7

What was Newmont's EV/EBITDA ratio in 2025?

Accepted Answer

Newmont (NEM) EV/EBITDA ratio at the end of 2025 was 7.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Newmont's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). 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	$110B	$14.6B	7.4×	+1.2×	Dec 31, 2025
2024	$42.7B	$7.82B	6.1×	-19.1×	Dec 31, 2024
2023	$40.5B	$1.86B	25.2×	+13.1×	Dec 31, 2023
2022	$37.5B	$3.28B	12.1×	+0.7×	Dec 31, 2022
2021	$49.3B	$4.4B	11.5×	+3.5×	Dec 31, 2021
2020	$48B	$6.13B	8.0×	+1.6×	Dec 31, 2020
2019	$35.5B	$6.25B	6.4×	-1.9×	Dec 31, 2019
2018	$18.5B	$2.32B	8.3×	+0.8×	Dec 31, 2018
2017	$20B	$2.75B	7.5×	-5.0×	Dec 31, 2017
2016	$18B	$1.58B	12.6×	+7.0×	Dec 31, 2016
2015	$9.14B	$2.22B	5.6×	-1.0×	Dec 31, 2015
2014	$9.45B	$2.09B	6.5×	—	Dec 31, 2014
2013	$11.5B	-$4.51B	—	—	Dec 31, 2013
2012	$23B	$4.4B	6.3×	-14.2×	Dec 31, 2012
2011	$29.6B	$1.57B	20.5×	+14.8×	Dec 31, 2011
2010	$30.2B	$5.32B	5.7×	-0.8×	Dec 31, 2010
2009	$23.2B	$3.79B	6.5×	-5.7×	Dec 31, 2009
2008	$18.5B	$1.77B	12.2×	+0.9×	Dec 31, 2008
2007	$22.1B	$2.09B	11.3×	+1.4×	Dec 31, 2007
2006	$20.4B	$2.12B	9.9×	-4.9×	Dec 31, 2006
2005	$23.8B	$1.61B	14.8×	+4.5×	Dec 31, 2005
2004	$19.7B	$1.9B	10.3×	-4.5×	Dec 31, 2004
2003	$20.7B	$1.38B	14.8×	+0.4×	Dec 31, 2003
2002	$11.2B	$875M	14.4×	—	Dec 31, 2002


Albemarle (ALB)	29.4×
LyondellBasell (LYB)	28.6×
Ecolab (ECL)	23.6×
Sherwin-Williams (SHW)	20.6×
Martin Marietta Materials (MLM)	19.2×
Linde (LIN)	19.0×
Corteva (CTVA)	18.3×
Air Products and Chemicals (APD)	18.1×
Solstice Advanced Materials (SOLS)	16.2×
Vulcan Materials (VMC)	15.8×
Steel Dynamics (STLD)	12.4×
Stepan (SCL)	12.3×
DuPont de Nemours (DD)	12.2×
International Flavors & Fragrances (IFF)	11.9×
Builders FirstSource (BLDR)	11.7×
Eastman Chemical (EMN)	11.3×
H.B. Fuller (FUL)	10.6×
PPG Industries (PPG)	10.6×
Agnico Eagle Mines (AEM)	10.1×
Avient (AVNT)	10.0×
Freeport-McMoRan (FCX)	9.5×
Nucor (NUE)	9.0×
CRH (CRH)	8.0×
CF Industries Holdings (CF)	5.8×
Mosaic (MOS)	3.7×

EV/EBITDA for Newmont (NEM) 2002-2026

EV/EBITDA daily chart for Newmont (NEM)

Historical EV/EBITDA for Newmont (NEM) from 2002 to 2025

About EV/EBITDA at Newmont (NEM)

Newmont EV/EBITDA by Year

Newmont EV/EBITDA 2025: 7.4×

Newmont EV/EBITDA 2024: 6.1×

Newmont EV/EBITDA 2023: 25.2×

Newmont EV/EBITDA 2022: 12.1×

Newmont EV/EBITDA 2021: 11.5×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Newmont (NEM) Key Financials