Question 1

What is Newmont's P/FCF ratio?

Accepted Answer

Newmont (NEM) P/FCF ratio is 8.8× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Newmont?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Newmont specifically, the relevant sector benchmark is the current sector median of 27.1×.

Question 5

Is Newmont's P/FCF ratio high or low?

Accepted Answer

Newmont's P/FCF ratio of 8.8× is below its own 5-year average of 79.5× and below the sector median of 27.1×. That places the current reading at the 0th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, Newmont (NEM) P/FCF ratio has ranged from a low of 7.3× in 2015 to a high of 819.3× in 2024. The 5-year average is 79.5× and the 5-year median is 20.5×.

Question 7

What was Newmont's P/FCF ratio in 2025?

Accepted Answer

Newmont (NEM) P/FCF ratio at the end of 2025 was 10.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Newmont's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$110.43B	$10.33B	10.7×	-3.7×	Dec 31, 2025
2024	$42.69B	$2.96B	14.4×	-402.9×	Dec 31, 2024
2023	$40.48B	$97.00M	417.3×	+382.9×	Dec 31, 2023
2022	$37.48B	$1.09B	34.4×	+15.6×	Dec 31, 2022
2021	$49.31B	$2.63B	18.8×	+5.4×	Dec 31, 2021
2020	$48.03B	$3.58B	13.4×	-11.9×	Dec 31, 2020
2019	$35.54B	$1.40B	25.3×	+2.1×	Dec 31, 2019
2018	$18.47B	$795.00M	23.2×	+9.6×	Dec 31, 2018
2017	$20.00B	$1.47B	13.6×	+2.7×	Dec 31, 2017
2016	$18.03B	$1.65B	10.9×	-1.4×	Dec 31, 2016
2015	$9.14B	$744.00M	12.3×	-16.5×	Dec 31, 2015
2014	$9.45B	$328.00M	28.8×	—	Dec 31, 2014
2013	$11.52B	−$357.00M	—	—	Dec 31, 2013
2012	$23.03B	−$838.00M	—	—	Dec 31, 2012
2011	$29.64B	$797.00M	37.2×	+20.1×	Dec 31, 2011
2010	$30.22B	$1.76B	17.1×	-2.6×	Dec 31, 2010
2009	$23.23B	$1.18B	19.7×	—	Dec 31, 2009
2008	$18.48B	−$583.00M	—	—	Dec 31, 2008
2007	$22.12B	−$1.01B	—	—	Dec 31, 2007
2006	$20.36B	−$326.00M	—	—	Dec 31, 2006
2005	$23.82B	−$8.00M	—	—	Dec 31, 2005
2004	$19.67B	$838.79M	23.5×	-211.7×	Dec 31, 2004
2003	$20.69B	$88.00M	235.1×	+204.9×	Dec 31, 2003
2002	$11.17B	$370.25M	30.2×	—	Dec 31, 2002
2001	$3.61B	−$21.00M	—	—	Dec 31, 2001


Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.4×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Steel Dynamics (STLD)	39.2×
Albemarle (ALB)	36.7×
Martin Marietta Materials (MLM)	34.3×
Weyerhaeuser (WY)	34.1×
Southern Copper (SCCO)	33.1×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
RPM International (RPM)	25.2×
H.B. Fuller (FUL)	24.7×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for Newmont (NEM)

P/FCF Ratio daily chart for Newmont (NEM)

Historical P/FCF Ratio for Newmont (NEM) from 2001 to 2025

About P/FCF Ratio at Newmont (NEM)

Newmont P/FCF Ratio by Year

Newmont P/FCF Ratio 2025: 10.7×

Newmont P/FCF Ratio 2024: 14.4×

Newmont P/FCF Ratio 2023: 417.3×

Newmont P/FCF Ratio 2022: 34.4×

Newmont P/FCF Ratio 2021: 18.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Newmont (NEM) Key Financials

P/FCF Ratio daily chart for Newmont (NEM)

Historical P/FCF Ratio for Newmont (NEM) from 2001 to 2025

About P/FCF Ratio at Newmont (NEM)

Newmont P/FCF Ratio by Year

Newmont P/FCF Ratio 2025: 10.7×

Newmont P/FCF Ratio 2024: 14.4×

Newmont P/FCF Ratio 2023: 417.3×

Newmont P/FCF Ratio 2022: 34.4×

Newmont P/FCF Ratio 2021: 18.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Newmont's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Newmont?

+Is Newmont's P/FCF ratio high or low?

+What is Newmont's historical P/FCF ratio range?

+What was Newmont's P/FCF ratio in 2025?

+Why does Newmont's P/FCF ratio change over time?

Newmont (NEM) Key Financials