Newmont Corporation
NEM Basic Materials Gold
Newmont Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.7 billion, up 21.3% from fiscal 2024. In the quarter to June 2026, revenue grew 15.1%, EPS grew 11.3%, free cash flow fell 18.0% and total debt fell 27.1%, each against the same quarter a year earlier. Member of the S&P 500.
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Newmont Corporation (NEM) P/B ratio
As of 16 October 2026, Newmont Corporation (NEM) trades at a P/B ratio of 3.6×. Over the past ten years it has ranged from 0.6× (September 2015) to 4.3× (January 2026); the current reading is higher than 97% of that period. That is above the Gold industry median of 2.6× and above the Basic Materials sector median of 1.7×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 3.2× | 128.99% |
| FY2024 | 1.4× | 20.25% |
| FY2023 | 1.2× | (41.55%) |
| FY2022 | 2.0× | (11.29%) |
| FY2021 | 2.3× | 12.50% |
| FY2020 | 2.0× | 41.45% |
| FY2019 | 1.4× | (11.38%) |
| FY2018 | 1.6× | (8.77%) |
| FY2017 | 1.8× | 14.23% |
| FY2016 | 1.5× | 137.98% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 2.8× | (16.07%) |
| Mar 2026 | 3.3× | 3.15% |
| Dec 2025 | 3.2× | 17.19% |
| Sep 2025 | 2.8× | 38.21% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| EQX Equinox Gold Corp. compare | 1.4× |
| CDE Coeur Mining, Inc. compare | 1.5× |
| HMY Harmony Gold Mining Company Limited compare | 2.4× |
| RGLD Royal Gold, Inc. compare | 2.6× |
| GFI Gold Fields Limited compare | 3.4× |
| NEM Newmont Corporation | 3.6× |
| AU AngloGold Ashanti PLC compare | 4.4× |
| FNV Franco-Nevada Corporation compare | 5.7× |
| WPM Wheaton Precious Metals Corp. compare | 6.3× |
| Gold industry median | 2.6× |
| Basic Materials sector median | 1.7× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on NEM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement