Question 1

What is Newmont's P/S ratio?

Accepted Answer

Newmont (NEM) P/S ratio is 4.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Newmont?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Newmont specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Newmont's P/S ratio of 4.4× is above its own 5-year average of 3.6× and above the sector median of 2.2×. That places the current reading at the 82th 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/S ratio range?

Accepted Answer

In the available daily series, Newmont (NEM) P/S ratio has ranged from a low of 1.1× in 2015 to a high of 6.8× in 2026. The 5-year average is 3.6× and the 5-year median is 3.4×.

Question 7

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

Accepted Answer

Newmont (NEM) P/S ratio at the end of 2025 was 5.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$22.10B	5.0×	+2.7×	Dec 31, 2025
2024	$42.69B	$18.64B	2.3×	-1.1×	Dec 31, 2024
2023	$40.48B	$11.78B	3.4×	+0.3×	Dec 31, 2023
2022	$37.48B	$11.95B	3.1×	-0.9×	Dec 31, 2022
2021	$49.31B	$12.19B	4.0×	-0.2×	Dec 31, 2021
2020	$48.03B	$11.42B	4.2×	+0.6×	Dec 31, 2020
2019	$35.54B	$9.73B	3.7×	+1.1×	Dec 31, 2019
2018	$18.47B	$7.26B	2.5×	-0.2×	Dec 31, 2018
2017	$20.00B	$7.32B	2.7×	+0.4×	Dec 31, 2017
2016	$18.03B	$7.65B	2.4×	+1.2×	Dec 31, 2016
2015	$9.14B	$7.73B	1.2×	-0.1×	Dec 31, 2015
2014	$9.45B	$7.29B	1.3×	-0.1×	Dec 31, 2014
2013	$11.52B	$8.32B	1.4×	-0.9×	Dec 31, 2013
2012	$23.03B	$9.87B	2.3×	-0.5×	Dec 31, 2012
2011	$29.64B	$10.36B	2.9×	-0.3×	Dec 31, 2011
2010	$30.22B	$9.54B	3.2×	+0.2×	Dec 31, 2010
2009	$23.23B	$7.72B	3.0×	+0.0×	Dec 31, 2009
2008	$18.48B	$6.20B	3.0×	-1.0×	Dec 31, 2008
2007	$22.12B	$5.53B	4.0×	-0.1×	Dec 31, 2007
2006	$20.36B	$5.02B	4.1×	-1.3×	Dec 31, 2006
2005	$23.82B	$4.41B	5.4×	+1.1×	Dec 31, 2005
2004	$19.67B	$4.54B	4.3×	-1.9×	Dec 31, 2004
2003	$20.69B	$3.33B	6.2×	+2.0×	Dec 31, 2003
2002	$11.17B	$2.67B	4.2×	+2.0×	Dec 31, 2002
2001	$3.61B	$1.66B	2.2×	—	Dec 31, 2001


Air Products and Chemicals (APD)	5.2×
Ecolab (ECL)	4.6×
Vulcan Materials (VMC)	4.5×
Albemarle (ALB)	3.9×
Sherwin-Williams (SHW)	3.3×
Freeport-McMoRan (FCX)	3.2×
Corteva (CTVA)	3.1×
Solstice Advanced Materials (SOLS)	3.0×
CF Industries Holdings (CF)	2.7×
Weyerhaeuser (WY)	2.5×
DuPont de Nemours (DD)	1.9×
RPM International (RPM)	1.9×
International Flavors & Fragrances (IFF)	1.7×
PPG Industries (PPG)	1.5×
Ashland (ASH)	1.4×
Steel Dynamics (STLD)	1.4×
CRH (CRH)	1.3×
Nucor (NUE)	1.2×
H.B. Fuller (FUL)	1.0×
Avient (AVNT)	1.0×
Eastman Chemical (EMN)	1.0×
LyondellBasell (LYB)	0.9×
Dow (DOW)	0.8×
Mosaic (MOS)	0.7×
Stepan (SCL)	0.5×

P/S Ratio for Newmont (NEM)

P/S Ratio daily chart for Newmont (NEM)

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

About P/S Ratio at Newmont (NEM)

Newmont P/S Ratio by Year

Newmont P/S Ratio 2025: 5.0×

Newmont P/S Ratio 2024: 2.3×

Newmont P/S Ratio 2023: 3.4×

Newmont P/S Ratio 2022: 3.1×

Newmont P/S Ratio 2021: 4.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Newmont (NEM) Key Financials

P/S Ratio daily chart for Newmont (NEM)

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

About P/S Ratio at Newmont (NEM)

Newmont P/S Ratio by Year

Newmont P/S Ratio 2025: 5.0×

Newmont P/S Ratio 2024: 2.3×

Newmont P/S Ratio 2023: 3.4×

Newmont P/S Ratio 2022: 3.1×

Newmont P/S Ratio 2021: 4.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Newmont's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Newmont (NEM) Key Financials