As of May 10, 2024, the FCX stock has a PE ratio of 44.86. The calculation is based on the latest EPS of $1.15 and the stock price of $51.59 per share. An increase of 42% has been observed in the PE ratio compared to its average of 31.6 of the past four quarters.
The mean historical PE ratio of Freeport-Mcmoran over the last ten years is 21.93. The current 44.86 price-to-earnings ratio is 105% 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.
Maximum annual increase: 110.11% in 2023
Maximum annual decrease: -77.56% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 33.26 | 110.11% |
| 2022 | 15.83 | 11.17% |
| 2021 | 14.24 | -77.56% |
| 2020 | 63.46 | N/A |
| 2019 | N/A | N/A |
| 2018 | 5.76 | -62.03% |
| 2017 | 15.17 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
The current PE ratio of FCX is above its 3, 5 and 10-year averages.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FCX Freeport-Mcmoran Inc | 45.25 | $74.75B |
| NEM NEWMONT Corp | N/A | $48.96B |
FCX's price to earnings ratio is 44.86 as of May 10, 2024.
The 3-year average PE ratio for FCX stock is 20.29.
The 5-year average PE ratio for FCX stock is 25.91.
Over the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 63.8.
FCX's current price to earnings ratio is 105% above its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 10, 2024), Freeport-Mcmoran's share price is $51.59. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.15. Therefore, Freeport-Mcmoran's price to earnings ratio for today is 44.86. PE RATIO(44.86) = STOCK PRICE($51.59) / TTM EPS($1.15)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.