P/E Ratio
Updated 152h ago
Sector Performance
11th percentileNEM
12.3x
Sector Median
24.7x
Sector Avg
36.0x
Deep Analysis
The P/E ratio of 12.3x means investors are paying $12.30 for every $1 of the company’s annual earnings, which is a standard measure of stock valuation relative to profitability.
At 12.3x, NEM trades well below the sector median of 24.2x, placing it in the 11th percentile among sector peers — indicating the stock is inexpensive compared to its industry. The year-over-year change is not available, but the quarter-over-quarter movement shows a +1.0% increase, while the two most recent historical values (12.3x and 12.2x) confirm a slight upward tick. A low P/E combined with a small upward trend suggests limited downside risk from valuation compression, though the modest uptick does not signal an imminent re-rating. This valuation level supports the overall NEUTRAL verdict — the low multiple reduces downside but the lack of a strong positive trend keeps the stock from being a clear buy or sell.
Frequently Asked Questions
What does the P/E Ratio tell investors about NEM?
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
How is the P/E Ratio calculated?
P/E Ratio is calculated as: Price / EPS.
Who are NEM's closest peers by P/E Ratio?
The closest peers by P/E Ratio include: VICI (9.1x), OMF (9.0x), JACK (8.5x), GIS (8.4x), FIS (8.4x).
The Formula
Price / EPS
Why It Matters
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
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12.3x
Sector Median
24.7x
Sector Avg
36.0x
How NEM's P/E Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.