| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 20.5x | 17.3x | Around median | |
Growth | 64 | 14.6% | 7.1% | Around median | |
Quality | 94 | — | 4.5% | Top tier | |
Safety | 79 | 0.3x | 2.6x | Top tier | |
Capital Return | 50 | 6.55% | 0.06% | Around median | |
Momentum | 66 | 52.5% | -1.6% | Around median | |
Sentiment | 61 | 8 | 3 | Around median |
10-year US Treasury yield 5.00% as of 2026-10-23. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
BHP Group Limited mines copper, iron ore, and steelmaking coal, and is building a new potash business through the Jansen project in Canada. It generates revenue by producing and selling these commodities, and its ability to convert sales into profits is affected by commodity prices, production volumes, ore grades, and extraction costs. In the first half of fiscal year 2026, ended in December 2025, copper accounted for more than half of its earnings, after its contribution increased by about 30 percentage points over three years; management linked this to improved reliability at Olympic Dam, the ore extraction sequence at Escondida, and the acquisition of OZ Minerals.
In quarter 4 of fiscal year 2026, ended on 2026-06-30, revenue according to EL7 data was approximately 31.0 billion dollars, up 18.7% compared with the same quarter of the previous fiscal year, while net income was 4.2 billion dollars and diluted earnings per share were 1.66 dollars. The operating margin calculated by EL7 was 35.8%, compared with 39.6% in quarter 4 of fiscal year 2025, and net income declined from 4.6 billion dollars in the same comparison period. These results mean that higher sales did not translate into a corresponding increase in profit, a key distinction when assessing the expansion of the copper business and the strength of iron ore operations.
Operating cash flow according to EL7 data was 12.5 billion dollars in quarter 4 of fiscal year 2026, compared with 10.4 billion dollars in quarter 4 of fiscal year 2025. At the end of quarter 4 of fiscal year 2026, debt according to EL7 data was 27.1 billion dollars, compared with cash and short-term investments of 18.5 billion dollars. For fiscal year 2026, ended on 2026-06-30, revenue according to EL7 data was 58.8 billion dollars and net income was 9.8 billion dollars; these are full fiscal year figures, distinct from the results for the quarter alone.
Q4 FY2026
When: Fiscal year 2027
Copper production at Escondida at the 1 million tonne threshold
When: End of fiscal year 2028
Annual production at Western Australia Iron Ore at the 305 million tonne threshold
The median target from 14 analysts is 95 dollars, an approach that incorporates growth expectations, while the consensus recommendation is Neutral. The industry-multiple value is 60 dollars, within a range of 47 to 84 dollars, based on next year's earnings and a median multiple of 11.7 times across 12 companies, measuring BHP's value when priced similarly to its peers. Analyst targets sit above the entire range of the industry-multiple method, so the two methods differ in how much value they attribute to expected growth compared with relative earnings pricing. Analyst targets tend to be optimistic by nature, making the difference between 95 dollars and 60 dollars a difference in valuation assumptions rather than a single agreed-upon value.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
More than half of BHP's earnings in the first half of fiscal year 2026, ended in December 2025, came from copper, after its contribution increased by about 30 percentage points over three years. Management linked this shift to improvements at Olympic Dam, Escondida's performance, and the acquisition of OZ Minerals, with Escondida production guidance for fiscal year 2027 of between 1 million and 1.1 million tonnes. The portfolio remains diversified, including iron ore, steelmaking coal, and the Jansen potash project, so copper's increased weight does not mean the other businesses have disappeared.
Revenue according to EL7 data was 31.0 billion dollars in quarter 4 of fiscal year 2026, ended on 2026-06-30, up 18.7% compared with the same quarter of the previous fiscal year. In contrast, net income fell to 4.2 billion dollars from 4.6 billion dollars in quarter 4 of fiscal year 2025, and the operating margin calculated by EL7 declined to 35.8% from 39.6%. This illustrates weaker conversion of sales into profit in this comparison, but does not by itself identify how much costs, commodity prices, and other items each contributed to the decline.
Automated analysis for informational purposes only — not investment advice.
Debt according to EL7 data was 27.1 billion dollars at the end of quarter 4 of fiscal year 2026, ended on 2026-06-30, compared with cash and short-term investments of 18.5 billion dollars. The comparison includes only cash, cash equivalents, and current short-term investments, and excludes long-term marketable securities. Operating cash flow according to EL7 data was 12.5 billion dollars in the same quarter, so obligations should be considered alongside cash generation, without describing the difference as an overall liquidity shortfall.
Jansen in Canada establishes BHP's potash business, with stage 1 production targeted to begin in mid-2027 according to the 2026-02-17 call. The demand drivers and main markets for potash differ from those of the company's other commodities, supporting the case for diversifying earnings and cash flows once operations are complete. However, the cost estimate for stage 1 has been updated, so meeting the schedule and ramping up production remain key tests before the diversification benefits materialize.
The median target from 14 analysts is 95 dollars, while the industry-multiple value is 60 dollars within a range of 47 to 84 dollars. The second method uses next year's earnings and a median multiple of 11.7 times across 12 companies, measuring BHP relative to its peers. Analyst targets, meanwhile, incorporate growth expectations and tend to be optimistic by nature, so they may assign different weight to Escondida expansions and the copper portfolio, without the two methods agreeing on a single value.