Is Freeport-McMoRan Inc. (FCX) Undervalued?
Based on the current stock price of $53.04 and a P/E ratio of 37.09,Freeport-McMoRan Inc. has a PEG ratio of 9.79.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 9.79, FCX appears to be potentially overvalued relative to its growth rate of 3.79%.
Based on a PEG ratio of 7.54 (adjusted for dividends).
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How we analyzed FCX
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 37.09and dividing it by the annual growth rate of 3.79%.
PEG = 37.09 (P/E) ÷ 3.79 (Growth) = 9.79
Frequently Asked Questions about FCX
What is the current PEG Ratio for Freeport-McMoRan Inc. (FCX)?+
The current PEG Ratio for Freeport-McMoRan Inc. is 9.79. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is FCX stock undervalued right now?+
Based on the PEG ratio of 9.79, Freeport-McMoRan Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for FCX?+
The PEGY ratio for Freeport-McMoRan Inc. is 7.54. This metric accounts for dividend yield (1.13%), providing a more complete valuation picture.