Freeport-McMoRan currently trades with a PEG ratio of 0.7, based on Aug 21, 2026 data. Dividing the 37.76 PE ratio by the 53.8% earnings growth rate produces this figure. Relative to the 3.16 average from the past 4 quarters, the PEG ratio has shrunk by 78%.
Historically, Freeport-McMoRan maintains a PEG ratio averaging 1.57 across the last ten years. At 0.7, today's PEG ratio sits 55% lower than its historical average. The ten years high came in the Dec 2024 quarter at 12.64, reflecting peak valuation relative to growth. The bottom was reached in the Sep 2021 quarter at 0, suggesting favorable value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.98 | 33.2 | 16.8% |
| 2024 | 12.64 | 29.07 | 2.3% |
| 2023 | N/A | 33.26 | -46.7% |
| 2022 | N/A | 15.83 | -18.1% |
| 2021 | 0.02 | 14.24 | 614.6% |
| 2020 | 0.19 | 63.46 | 341.2% |
| 2019 | N/A | N/A | -109.5% |
| 2018 | 0.13 | 5.76 | 43.2% |
| 2017 | 0.11 | 15.17 | 139.6% |
| 2016 | N/A | N/A | 72.1% |
| 2015 | N/A | N/A | -797.6% |
| 2014 | N/A | N/A | -147.5% |
| 2013 | N/A | 14.24 | -17.2% |
| 2012 | N/A | 10.69 | -33.5% |
| 2011 | 2.55 | 7.65 | 3% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 0.58 | 30.98 | 53.8% |
| Mar 2026 | 0.56 | 31.27 | 55.4% |
| Dec 2025 | 1.98 | 33.2 | 16.8% |
| Sep 2025 | 9.52 | 27.62 | 2.9% |
| Jun 2025 | N/A | 32.84 | -0.8% |
| Mar 2025 | 6.02 | 31.29 | 5.2% |
| Dec 2024 | 12.64 | 29.07 | 2.3% |
| Sep 2024 | N/A | 36.17 | -8% |
| Jun 2024 | N/A | 36.54 | -9.5% |
| Mar 2024 | N/A | 40.89 | -36.5% |
| Dec 2023 | N/A | 33.26 | -46.7% |
| Sep 2023 | N/A | 24.86 | -43.6% |
| Jun 2023 | N/A | 27.21 | -55.9% |
| Mar 2023 | N/A | 22.6 | -48.1% |
| Dec 2022 | N/A | 15.83 | -18.1% |
FCX's PEG ratio today comes in under the 3, 5 and 10-year averages.
Freeport-McMoRan's PEG of 0.7 is higher than the Basic Materials sector average. In comparison with the Basic Materials sector average of 0.27, Freeport-McMoRan's PEG is 159% higher.
FCX carries a PEG ratio higher than that of peer stock NEM.
According to Aug 21, 2026 figures, FCX's PEG ratio stands at 0.7.
Historical data over a 3-year period puts FCX's average PEG ratio at 5.22.
Historical data over a 5-year period puts FCX's average PEG ratio at 3.15.
FCX's PEG ratio topped out at 12.64 during the Dec 2024 quarter - the highest in ten years.
Compared to the 10-year average, FCX's PEG ratio sits 55% lower.
To calculate the PEG ratio, take the company's PE ratio and divide by its EPS growth rate (YoY TTM). As of Aug 21, 2026, Freeport-McMoRan carries a PE ratio of 37.76. Earnings grew at 53.8% over the TTM period ending Jun 2026. Applying the formula, this yields a PEG ratio of 0.7. PEG RATIO(0.7) = PE RATIO(37.76) / EPS GROWTH(53.8%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.