FCX
Freeport-Mcmoran
PE ratio, current and historical analysis
- Stocks
- Basic Materials
- NYSE: FCX
- PE Ratio
As of Jun 10, 2026, the FCX stock has a PE ratio of 33.02. The calculation is based on the latest EPS of $1.88 and the stock price of $62.08 per share. An increase of 6% has been observed in the PE ratio compared to its average of 31.2 of the past four quarters.
FCX PE ratio history
The mean historical PE ratio of Freeport-Mcmoran over the last ten years is 24.85. The current 33.02 price-to-earnings ratio is 33% more than the historical average. Analyzing the last ten years, FCX's PE ratio reached its highest point in the Sep 2019 quarter at 63.8, with a price of $9.57 and an EPS of $0.15. The Dec 2018 quarter saw the lowest point at 5.76, with a price of $10.31 and an EPS of $1.79.
Freeport-Mcmoran PE ratio by year
Maximum annual increase: 110.11% in 2023
Maximum annual decrease: -77.56% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 33.2 | 14.21% | $50.79 | $1.53 |
| 2024 | 29.07 | -12.6% | $38.08 | $1.31 |
| 2023 | 33.26 | 110.11% | $42.57 | $1.28 |
| 2022 | 15.83 | 11.17% | $38 | $2.4 |
| 2021 | 14.24 | -77.56% | $41.73 | $2.93 |
| 2020 | 63.46 | N/A | $26.02 | $0.41 |
| 2019 | N/A | N/A | $13.12 | -$0.17 |
| 2018 | 5.76 | -62.03% | $10.31 | $1.79 |
| 2017 | 15.17 | N/A | $18.96 | $1.25 |
| 2016 | N/A | N/A | $13.19 | -$3.16 |
| 2015 | N/A | N/A | $6.77 | -$11.31 |
| 2014 | N/A | N/A | $23.36 | -$1.26 |
| 2013 | 14.24 | 33.21% | $37.74 | $2.65 |
| 2012 | 10.69 | 39.74% | $34.2 | $3.2 |
| 2011 | 7.65 | -40.51% | $36.79 | $4.81 |
Freeport-Mcmoran PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 31.27 | -5.81% | $58.78 | $1.88 |
| Dec 2025 | 33.2 | 20.2% | $50.79 | $1.53 |
| Sep 2025 | 27.62 | -15.9% | $39.22 | $1.42 |
| Jun 2025 | 32.84 | 4.95% | $43.35 | $1.32 |
| Mar 2025 | 31.29 | 7.64% | $37.86 | $1.21 |
| Dec 2024 | 29.07 | -19.63% | $38.08 | $1.31 |
| Sep 2024 | 36.17 | -1.01% | $49.92 | $1.38 |
| Jun 2024 | 36.54 | -10.64% | $48.6 | $1.33 |
| Mar 2024 | 40.89 | 22.94% | $47.02 | $1.15 |
| Dec 2023 | 33.26 | 33.79% | $42.57 | $1.28 |
| Sep 2023 | 24.86 | -8.64% | $37.29 | $1.5 |
| Jun 2023 | 27.21 | 20.4% | $40 | $1.47 |
| Mar 2023 | 22.6 | 42.77% | $40.91 | $1.81 |
| Dec 2022 | 15.83 | 54.14% | $38 | $2.4 |
| Sep 2022 | 10.27 | 16.84% | $27.33 | $2.66 |
FCX Price vs fair value
FCX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of FCX is above its 3, 5 and 10-year averages.
PE comparison
Freeport-Mcmoran's price to earnings (P/E) of 33.02 is higher than the Basic Materials sector and the industry average. Looking at the Basic Materials sector average of 20.91, Freeport-Mcmoran's price to earnings (P/E) is 58% higher.
FCX PE vs peers
When compared to its peer stock NEM, FCX's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEM NEWMONT Corp | 12.61 | $104.18B |
| FCX Freeport-Mcmoran Inc | 35.29 | $95.37B |
Frequently asked questions
What is Freeport-Mcmoran's PE ratio?
FCX's price to earnings ratio is 33.02 as of Jun 10, 2026.
What is the 3-year average PE ratio for Freeport-Mcmoran (FCX)?
The 3-year average PE ratio for FCX stock is 32.02.
What is the 5-year average PE ratio for Freeport-Mcmoran (FCX)?
The 5-year average PE ratio for FCX stock is 25.08.
What is the highest PE ratio for FCX?
Over the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 63.8.
How does the current PE ratio for FCX compare to its historical average?
FCX's current price to earnings ratio is 33% above its 10-year historical average.
How is FCX's PE ratio calculated (Freeport-Mcmoran PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 10, 2026), Freeport-Mcmoran's share price is $62.08. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.88. Therefore, Freeport-Mcmoran's price to earnings ratio for today is 33.02. PE RATIO(33.02) = STOCK PRICE($62.08) / TTM EPS($1.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.