In the current market session, Southern Copper Inc. (NYSE:SCCO) stock price is at $216.00, after a 8.79% drop. However, over the past month, the company's stock went up by 24.30%, and in the past year, by 115.24%. 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.

How Does Southern Copper P/E Compare to Other Companies?

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 29.8 in the Metals & Mining industry, Southern Copper Inc. has a higher P/E ratio of 41.11. Shareholders might be inclined to think that Southern Copper Inc. might perform better than its industry group. It's also possible that the stock is overvalued.