In the current market session, Barrick Mining Inc. (NYSE:B) stock price is at $45.86, after a 11.89% decrease. However, over the past month, the company's stock went up by 4.02%, and in the past year, by 176.87%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.

Barrick Mining P/E Compared to Competitors

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Compared to the aggregate P/E ratio of the 46.18 in the Metals & Mining industry, Barrick Mining Inc. has a lower P/E ratio of 25.02. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.