Freeport-McMoRan forward PE FCX

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 16.5×
10-year median: 19.8×
Against its 10-year history: 39th; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.8× to 345×
Peer median: 24.2×

Freeport-McMoRan's forward PE is 16.5× as of Oct 23, 2026.

That is below its ten-year median of 19.8×, close to the middle of its last ten years.

Over that time it ranged from 6.8× in Jun 2017 to 345× in Dec 2019.

The median for 10 materials stocks of a similar size is 24.2×.

Forward PE over time

median 19.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	16.5×	15.9×	27.0×
2025	24.4×	18.3×	28.9×
2024	26.5×	26.5×	40.1×
2023	34.0×	26.2×	35.4×
2022	23.5×	14.5×	24.9×
2021	15.1×	8.8×	15.1×
2020	10.5×	6.9×	341×
2019	345×	57.5×	345×
2018	55.6×	10.4×	65.0×
2017	10.0×	6.8×	14.9×
2016	12.7×	10.3×	37.6×
2015	60.1×	60.1×	73.6×
2014	73.5×	15.9×	92.5×
2013	16.5×	11.6×	16.5×
2012	13.4×	11.4×	16.3×
2011	13.3×	10.4×	19.0×
2010	12.6×	7.0×	13.3×
2009	12.2×	7.7×	288×
2008	226×	10.9×	291×
2007	13.5×	6.5×	14.2×

Against its peers

Companies in Basic Materials nearest Freeport-McMoRan's size, closest first, today.

Company	Forward PE
FCXFreeport-McMoRan	16.5×
JCIJohnson Controls International	24.5×
SHWSherwin-Williams	26.3×
ECLEcolab	33.5×
NEMNewmont	12.0×
APDAir Products and Chemicals	21.6×
NUENucor	11.8×
SCCOSouthern Copper	24.2×
CRHCRH	n/m
LINLinde	27.2×
STLDSteel Dynamics	10.9×
Peer median	24.2×

Where Freeport-McMoRan ranks

#8of 21Materials stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Freeport-McMoRan

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.