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STOCK COMPARISON

Newmont Goldcorp vs Rio Tinto: Fair Value & Quality

Both stocks run through our valuation models. Here is how Newmont Goldcorp (NEM) and Rio Tinto (RIO) compare, as of Oct 29, 2026.

As of Oct 29, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Newmont Goldcorp trades at $112 versus a fair value of $124 (+10.8%), while Rio Tinto trades at $83.25 versus $75.91 (−8.8%).
Newmont Goldcorp
NEM · USD · Materials
+10.8%
upside to fair value
undervalued
Price$112
Fair Value$124
Quality69/100
Fair ValueQualityUptrend
Rio Tinto
RIO · USD · Materials
−8.8%
upside to fair value
fairly valued
Price$83.25
Fair Value$75.91
Quality55/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Newmont GoldcorpRio Tinto
Valuation
13.0×P/E (TTM)12.1×
8.7×P/E ex one-offs (FY2025)13.3×
11.1×Forward P/E (FY2027)9.7×
32.3×Median P/E at FY-end (ex one-offs where documented)10.4×
4.48×P/S (TTM)2.21×
3.52×P/B2.20×
6.6×EV/EBITDA6.5×
2.83×PEG5.69×
+10.8%Fair value upside−8.8%
0.9%Dividend yield5.6%
$1.04Dividend per share$4.65
Profitability
50.0%Operating margin28.1%
1.80×EBIT margin trend (5Y)0.70×
27.3%Return on equity19.3%
12.4%Return on assets7.8%
Growth
15.2%Revenue growth (YoY)15.5%
22.7%Avg. growth/yr (3Y)1.3%
14.1%Avg. growth/yr (5Y)5.3%
+62.7%Value creation/yr+4.0%
Balance & size
34.4×Interest coverage (EBIT/interest)14.4×
0.15×Debt / equity0.34×
$119BMarket cap$137B
healthyGrowth qualityexpensive
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Newmont Goldcorp, median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), earnings ex one-offs: 32.3. Rio Tinto, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 9 of the years ex one-offs: 10.4.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Newmont Goldcorp leads: 12 to 4 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Newmont Goldcorp Rio Tinto
ProfitabilityHow much profit the company makes from its sales and capital
61
47
Quality GrowthAre margins and returns getting better?
92
31
CashflowDo the profits arrive as real cash?
81
56
Financial strengthDebt, balance sheet and risk of trouble
85
66
InvestmentDoes it invest with discipline instead of growing at any price?
22
38
Low VolatilityHow calm the share price moves, does not count
62
77
MomentumPrice trend of the last 3 to 12 months, does not count
66
41
Near the 52-week highDistance to the 52-week high, does not count
70
49
New sharesBuys back shares or issues new ones?
50
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNewmont GoldcorpPrice $112Rio TintoPrice $83.25
DCF Models+35.4%above the price$151−22.4%below the price$64.63
Earnings-Based−33.2%below the price$74.65−38.0%below the price$51.58
Dividend Discount−80.6%below the price$21.65−17.4%below the price$68.78
Multiples−21.4%below the price$87.85+21.5%above the price$101
Asset-Based−82.0%below the price$20.12−73.5%below the price$22.07
Growth DCF+13.4%close to the price$127−38.5%below the price$51.17
Economic Profit−29.8%below the price$78.54−19.4%below the price$67.14
Growth Earnings−1.4%close to the price$110+7.3%close to the price$89.35
Matching families8 of 8
Minimum−82.0%below the price$20.12−73.5%below the price$22.07
Maximum+35.4%above the price$151+21.5%above the price$101
Median−25.6%below the price$83.19−20.9%below the price$65.88
Geometric mean−38.9%below the price$68.33−28.5%below the price$59.50
Ahead family by family3 of 85 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Rio Tinto is ahead in 5 of 8 shared families, Newmont Goldcorp in 3.

Newmont Goldcorp: 15 of 26 models see the stock below the current price.

Rio Tinto: 17 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Newmont Goldcorp
Price $112
Fair Value $124
Bear $92.93Bull $155
Rio Tinto
Price $83.25
Fair Value $75.91
Bear $44.12Bull $113

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Newmont Goldcorp · Materials

Quality score69 · Top 25%
Fair value upside+10.8% · above median

Rio Tinto · Materials

Quality score55 · above median
Fair value upside−8.8% · above median

Bottom line

As of Oct 29, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Newmont Goldcorp trades at $112 versus a fair value of $124 (+10.8%), while Rio Tinto trades at $83.25 versus $75.91 (−8.8%).

Newmont Goldcorp has the higher quality score (69/100).

Open Newmont Goldcorp live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.