| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 13.8x | 17.3x | Top tier | |
Growth | 29 | 7.4% | 7.1% | Bottom tier | |
Quality | 59 | — | 4.5% | Around median | |
Safety | 78 | 0.8x | 2.6x | Top tier | |
Capital Return | 45 | 9.64% | 0.06% | Around median | |
Momentum | 49 | 35.4% | -1.6% | Around median | |
Sentiment | 86 | 8 | 3 | Top tier |
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.
Rio Tinto Group generates revenue from producing and selling iron ore, copper, aluminium, and lithium, with activities spanning bauxite, alumina, and aluminium smelting. Its portfolio combines the Pilbara iron ore operations, Oyu Tolgoi and Kennecott copper operations, Canadian aluminium assets, and Argentine lithium projects. In the first half of fiscal year 2026 ended 2026-06-30, copper, aluminium, and lithium contributed approximately 60% of earnings before interest, taxes, depreciation, and amortisation, demonstrating the growing contribution of other metals alongside iron ore.
In quarter 2 of fiscal year 2026 ended 2026-06-30, revenue according to EL7 data was approximately 31.0 billion dollars, up 14.5% from the same quarter of the previous year, while net income reached 6.7 billion dollars and diluted earnings per share were 4.1 dollars. The operating margin calculated by EL7 was 28.0%, compared with 25.0% in quarter 2 of fiscal year 2025 ended 2025-06-30. The combination of revenue growth and margin improvement indicates that higher profits were accompanied by improved operating efficiency, while management attributed performance in the first half of fiscal year 2026 to strong copper and aluminium prices, the Oyu Tolgoi production ramp-up, and the productivity programme.
Operating cash flow according to EL7 data was approximately 9.2 billion dollars in quarter 2 of fiscal year 2026 ended 2026-06-30, compared with 7.0 billion dollars in quarter 2 of fiscal year 2025 ended 2025-06-30. At the end of quarter 2 of fiscal year 2026, total debt according to EL7 data was approximately 22.9 billion dollars, compared with cash and short-term investments of 8.9 billion dollars; this comparison excludes long-term marketable securities. The strength of the investment case therefore depends on continued cash generation while funding copper and lithium expansions and the Simandou project.
Q2 FY2026
When: Fiscal year 2026
Reaching an annual productivity benefits run rate of 1.8 billion dollars
When: Fiscal year 2028
Lithium capacity reaching 200,000 tonnes
When:
The median analyst price target is 102 dollars, within a range of 90 dollars to 120 dollars across 9 analysts, an estimate that incorporates their expectations for future growth and is inherently inclined towards optimism. The industry multiple valuation is 98 dollars, within a range of 77 dollars to 138 dollars, based on next year's earnings at a median multiple of 11.7 across 12 companies; it measures Rio Tinto's value when its earnings are priced similarly to those of its peers. The two central values are close, while the different ranges reflect the distinction between growth expectations and the distribution of peer company multiples. The average consensus analyst target is 103.13 dollars with a Neutral recommendation, and Bernstein raised its target to 89.5 dollars from 88.5 dollars on 2026-09-09.
Figures in the text are as of 2026-10-19; the live price is shown at the top of the page.
Rio Tinto combines iron ore, copper, aluminium, and lithium, and sells its production of these metals. In the first half of fiscal year 2026 ended 2026-06-30, approximately 60% of earnings before interest, taxes, depreciation, and amortisation came from copper, aluminium, and lithium. Oyu Tolgoi stands out in copper expansion, while Simandou is progressing in iron ore and Rincon in lithium. This broadens profit sources but does not eliminate their shared exposure to commodity price fluctuations.
Revenue according to EL7 data was approximately 31.0 billion dollars in quarter 2 of fiscal year 2026 ended 2026-06-30, up 14.5% from the same quarter of the previous year. The company recorded net income of 6.7 billion dollars and diluted earnings per share of 4.1 dollars in the same quarter. The operating margin calculated by EL7 was 28.0%, compared with 25.0% in quarter 2 of fiscal year 2025 ended 2025-06-30. Margin improvement supports earnings growth, while copper and aluminium prices and productivity benefits remain factors influencing its continuation.
Automated analysis for informational purposes only — not investment advice.
Copper production reaching one million tonnes
Operating cash flow according to EL7 data was approximately 9.2 billion dollars in quarter 2 of fiscal year 2026 ended 2026-06-30, providing a cash base for spending. At the end of the same quarter, total debt according to EL7 data was approximately 22.9 billion dollars, compared with cash and short-term investments of 8.9 billion dollars, and the comparison excludes long-term marketable securities. In its 2026-07-28 presentation, management maintained capital expenditure guidance of up to 11 billion dollars in each of fiscal year 2026 and fiscal year 2027. It also targeted announcements of opportunities to release 5 billion dollars in cash from assets during fiscal year 2026, which do not equate to cash already received.
On 2026-07-28, management reaffirmed its target of one million tonnes of copper production in fiscal year 2030, with Oyu Tolgoi ramping up towards 500,000 tonnes annually. The trajectory includes targeted Kennecott production growth of 40% to 50%, so execution depends on the performance of both assets. However, the Kennecott furnace breach in late June 2026 will defer some sales and cash flows to fiscal year 2027, according to management. Oyu Tolgoi also faces a tax dispute in Mongolia that is subject to formal arbitration proceedings, adding legal risk to production growth.
The median target across 9 analysts is 102 dollars, while the industry multiple valuation is 98 dollars using a median multiple of 11.7 across 12 companies. The proximity of the two values indicates that the central estimate of expected growth is close to pricing based on peers, but it does not eliminate differences in assumptions. Analyst targets range from 90 dollars to 120 dollars, compared with a range of 77 dollars to 138 dollars for the industry multiple method. The recommendation consensus remains Neutral, despite Bernstein raising its target from 88.5 dollars to 89.5 dollars on 2026-09-09.