Start with its own history
At 20.64×, BHP is 40.1% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · BHPIndustrial MaterialsUpdated Nov 5, 2026
BHP Group Limited P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
20.64×
40.1% abovethe 10-year annual average
Share price80.14
÷Earnings per share3.8822
Price and EPS in quote currency. Calculation details
Investors are paying 20.64 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 14.73×
3-year average17.75×3 positive annual observations
5-year average14.42×5 positive annual observations
10-year average14.73×10 positive annual observations
Peer median · TTM14.85×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2026 | 21.18× | +56.0% |
| Jun 30, 2025 | 13.58× | -26.5% |
| Jun 30, 2024 | 18.48× | +57.4% |
| Jun 30, 2023 | 11.74× | +65.0% |
| Jun 30, 2022 | 7.12× | -50.0% |
| Jun 30, 2021 | 14.22× | +0.1% |
| Jun 30, 2020 | 14.20× | -8.2% |
| Jun 30, 2019 | 15.47× | -14.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 18.02× | +35.8% |
| Jun 30, 2017 | 13.27× | N/M |
| Jun 30, 2016 | N/M | N/M |
| Jun 30, 2015 | 28.99× | +175.0% |
| Jun 30, 2014 | 10.54× | +8.0% |
| Jun 30, 2013 | 9.77× | +9.8% |
| Jun 30, 2012 | 8.89× | +101.8% |
| Jun 30, 2011 | 4.41× | -21.1% |
| Jun 30, 2010 | 5.59× | -47.8% |
| Jun 30, 2009 | 10.70× | +74.6% |
| Jun 30, 2008 | 6.13× | +17.4% |
| Jun 30, 2007 | 5.22× | +4.0% |
| Jun 30, 2006 | 5.02× | -5.9% |
| Jun 30, 2005 | 5.34× | -33.5% |
| Jun 30, 2004 | 8.03× | -13.6% |
| Jun 30, 2003 | 9.30× | -12.9% |
| Jun 30, 2002 | 10.67× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How BHP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 BHP This stockBHP Group Limited | 20.64× |
 RIORio Tinto Group | 11.26× |
 VALEVale S.A. | 71.38× |
 FCXFreeport-McMoRan Inc. | 26.30× |
 SCCOSouthern Copper Corporation | 23.15× |
 GLNCYGlencore plc | 14.85× |
 NGLOYAnglo American plc | N/M |
 ZIJMYZijin Mining Group Company Limited | 10.98× |
 CMCLFCMOC Group Limited | 10.06× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does BHP’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 14.85×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take BHP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("BHP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 80.14 ÷ EPS 3.8822 = 20.64×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
BHP P/E ratio: common questions
The essentials behind the numbers.
BHP Group Limited's current P/E is 20.64× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.