BHP Group Limited (BHP) P/E Ratio History
ExpensiveTrading at 22.5x vs 5Y avg 8.4x · 100th percentile · Material premium to history · Data 1989–2026
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P/E Ratio Analysis
As of July 8, 2026, BHP Group Limited (BHP) trades at a price-to-earnings ratio of 22.5x, with a stock price of $80.23 and trailing twelve-month earnings per share of $8.50.
The current P/E is 169% above its 5-year average of 8.4x. Over the past five years, BHP's P/E has ranged from a low of 4.5x to a high of 19.0x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 21.2x, BHP is roughly in line with its sector peers. The sector includes 124 companies with P/E ratios ranging from 0.9x to 153.5x.
The PEG ratio of 8.03 (P/E divided by 14% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, BHP trades roughly in line with the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BHP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BHP Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
BHP P/E vs Peers
Diversified Mining and Metals Producers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $148B | 15.0 | - | -14% | |
| $64B | 25.3 | - | -58% | |
| $85B | 39.0 | 1.30 | +17% | |
| $142B | 32.4 | 1.55 | +24% | |
| $13B | 11.0Lowest | - | +1486%Best | |
| $105B | 14.8 | 1.16 | +124% | |
| $75B | 17.0 | 0.51Best | +134% | |
| $437B | 49.9 | 1.78 | -15% | |
| $91B | 32.2 | 2.85 | -28% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
BHP Historical P/E Data (1989–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Dec 31 2025 | $60.37 | $8.52 | 7.1x | +25% |
| FY2025 Q4 | Jun 30 2025 | $48.09 | $6.66 | 7.2x | +27% |
| FY2025 Q2 | - | $48.83 | $7.38 | 6.6x | +17% |
| FY2024 Q4 | Jun 30 2024 | $57.09 | $8.18 | 7.0x | +23% |
| FY2024 Q2 | Dec 31 2023 | $68.31 | $10.08 | 6.8x | +19% |
| FY2023 Q4 | Jun 30 2023 | $59.67 | $13.06 | 4.6x | -20% |
| FY2023 Q2 | Dec 31 2022 | $62.05 | $13.46 | 4.6x | -19% |
| FY2022 Q4 | - | $56.18 | $12.52 | 4.5x | -21% |
| FY2022 Q2 | Dec 31 2021 | $53.82 | $9.10 | 5.9x | +4% |
| FY2021 Q4 | Jun 30 2021 | $64.95 | $7.68 | 8.5x | +49% |
| FY2021 Q2 | - | $58.27 | $6.54 | 8.9x | +57% |
| FY2020 Q4 | - | $44.35 | $6.46 | 6.9x | +21% |
| FY2020 Q2 | - | $48.79 | $7.04 | 6.9x | +22% |
| FY2019 Q4 | Jun 30 2019 | $51.82 | $5.82 | 8.9x | +57% |
| FY2019 Q2 | Dec 31 2018 | $43.06 | $4.92 | 8.8x | +54% |
| FY2018 Q4 | Jun 30 2018 | $44.60 | $4.60 | 9.7x | +71% |
| FY2018 Q2 | Dec 31 2017 | $41.01 | $2.54 | 16.1x | +184% |
| FY2015 Q4 | - | $36.30 | $1.91 | 19.0x | +235% |
| FY2015 Q2 | Dec 31 2014 | $39.55 | $4.62 | 8.6x | +51% |
| FY2014 Q4 | Jun 30 2014 | $57.21 | $5.14 | 11.1x | +96% |
| FY2014 Q2 | - | $57.00 | $6.64 | 8.6x | +51% |
| FY2013 Q4 | Jun 30 2013 | $48.19 | $10.28 | 4.7x | -17% |
| FY2013 Q2 | Dec 31 2012 | $65.54 | $16.28 | 4.0x | -29% |
| FY2012 Q4 | Jun 30 2012 | $54.57 | $22.86 | 2.4x | -58% |
| FY2012 Q2 | Dec 31 2011 | $59.03 | $26.00 | 2.3x | -60% |
| FY2011 Q4 | - | $79.09 | $26.20 | 3.0x | -47% |
| FY2011 Q2 | Dec 31 2010 | $77.66 | $19.78 | 3.9x | -31% |
| FY2010 Q4 | Jun 30 2010 | $51.81 | $13.36 | 3.9x | -32% |
| FY2010 Q2 | - | $64.00 | $14.30 | 4.5x | -21% |
| FY2009 Q4 | - | $45.74 | $15.24 | 3.0x | -47% |
| FY2009 Q2 | Dec 31 2008 | $35.85 | $17.70 | 2.0x | -64% |
| FY2008 Q4 | Jun 30 2008 | $71.20 | $20.16 | 3.5x | -38% |
| FY2008 Q2 | Dec 31 2007 | $58.53 | $18.12 | 3.2x | -43% |
| FY2007 Q4 | Jun 30 2007 | $49.93 | $16.08 | 3.1x | -45% |
| FY2007 Q2 | Dec 31 2006 | $33.22 | $13.58 | 2.4x | -57% |
| FY2006 Q4 | Jun 30 2006 | $35.99 | $11.08 | 3.2x | -43% |
| FY2006 Q2 | Dec 31 2005 | $27.93 | $8.48 | 3.3x | -42% |
| FY2005 Q4 | - | $22.82 | $5.88 | 3.9x | -32% |
| FY2005 Q2 | Dec 31 2004 | $20.07 | $4.30 | 4.7x | -18% |
| FY2004 Q4 | Jun 30 2004 | $14.64 | $2.72 | 5.4x | -5% |
| FY2004 Q2 | Dec 31 2003 | $15.26 | $2.28 | 6.7x | +18% |
| FY2003 Q4 | Jun 30 2003 | $9.69 | $1.84 | 5.3x | -7% |
| FY2003 Q2 | - | $9.61 | $1.82 | 5.3x | -7% |
| FY2002 Q4 | Jun 30 2002 | $9.28 | $1.80 | 5.2x | -9% |
| FY2002 Q2 | Dec 31 2001 | $8.42 | $1.60 | 5.3x | -7% |
| FY2001 Q4 | Jun 30 2001 | $8.28 | $1.40 | 5.9x | +4% |
| FY2001 Q2 | Dec 31 2000 | $7.99 | $0.50 | 16.0x | +181% |
| FY1998 Q2 | Nov 30 1997 | $6.95 | $0.58 | 12.0x | +111% |
| FY1997 Q4 | May 31 1997 | $10.99 | $1.34 | 8.2x | +44% |
| FY1997 Q2 | Nov 30 1996 | $11.28 | $1.73 | 6.5x | +15% |
| FY1996 Q4 | May 31 1996 | $11.49 | $2.12 | 5.4x | -5% |
| FY1996 Q2 | - | $10.35 | $2.32 | 4.5x | -21% |
| FY1995 Q4 | May 31 1995 | $9.71 | $2.52 | 3.9x | -32% |
| FY1995 Q2 | Nov 30 1994 | $9.93 | $2.58 | 3.8x | -32% |
| FY1994 Q4 | - | $9.30 | $2.64 | 3.5x | -38% |
| FY1994 Q2 | - | $7.51 | $2.26 | 3.3x | -41% |
| FY1993 Q4 | May 31 1993 | $6.90 | $1.88 | 3.7x | -35% |
| FY1993 Q2 | Nov 30 1992 | $5.45 | $1.96 | 2.8x | -51% |
| FY1992 Q4 | May 31 1992 | $8.98 | $2.04 | 4.4x | -22% |
| FY1992 Q2 | Nov 30 1991 | $7.48 | $2.28 | 3.3x | -42% |
| FY1991 Q4 | May 31 1991 | $6.51 | $2.52 | 2.6x | -55% |
| FY1991 Q2 | Nov 30 1990 | $5.78 | $2.38 | 2.4x | -57% |
| FY1990 Q4 | - | $4.93 | $2.24 | 2.2x | -61% |
| FY1990 Q2 | - | $4.85 | $2.16 | 2.2x | -60% |
| FY1989 Q4 | May 31 1989 | $4.39 | $2.08 | 2.1x | -63% |
Average P/E for displayed period: 5.7x
Should I Buy BHP?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
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Historical Returns
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BHP — Frequently Asked Questions
Quick answers to the most common questions about buying BHP stock.
What is BHP's P/E ratio?
BHP Group Limited (BHP) trailing twelve-month P/E ratio is 22.5x, based on TTM diluted EPS of $8.50. The 5-year average P/E is 8.4x and the historical range spans 4.5x to 19.0x.
Is BHP stock overvalued or undervalued?
BHP trades at 22.5x P/E, above its 5-year average of 8.4x. The 100th percentile ranking within the 4.5x–19.0x historical range indicates a premium to historical valuation.
Is BHP stock expensive?
Yes, BHP is expensive relative to its own history. The current P/E of 22.5x is above the 5-year average of 8.4x and also above the Basic Materials sector median of 21.2x. The stock sits at the 100th percentile of its 5-year valuation range.
What is BHP's historical P/E range?
Over the past 5 years, BHP's P/E ratio has ranged from 4.5x to 19.0x, with a median of 7.2x and an average of 8.4x. The current P/E of 22.5x places the stock at the 100th percentile of this range. Full historical data spans 1989–2026.
How does BHP's P/E compare to the S&P 500?
BHP trades at 22.5x P/E versus the S&P 500 median of 25.9x. The 13% discount to the market suggests lower growth expectations or perceived higher risk.
How does BHP's valuation compare to Basic Materials peers?
BHP Group Limited P/E of 22.5x compares to the Basic Materials sector median of 21.2x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is BHP's PEG ratio?
BHP PEG ratio is 8.03, based on a P/E of 22.5x and EPS growth of 14.1%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is BHP's earnings yield?
BHP earnings yield is 4.44%, the inverse of its 22.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.