BHP Group Limited (BHP) P/E Ratio History
Historical price-to-earnings valuation from 1989 to 2026
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BHP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, BHP Group Limited (BHP) trades at a price-to-earnings ratio of 23.7x, with a stock price of $84.33 and trailing twelve-month earnings per share of $8.50.
The current P/E is 183% 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 22.2x, BHP is roughly in line with its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.1x to 162.1x.
The PEG ratio of 8.44 (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 25.2x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $211B | 14.9 | 1.94 | +15% | |
| $72B | 28.4 | - | -58% | |
| $88B | 40.1 | 1.34 | +17% | |
| $152B | 35.1 | 1.68 | +24% | |
| $16B | 14.2Lowest | - | +1486%Best | |
| $128B | 18.0 | 1.40 | +124% | |
| $95B | 21.4 | 0.64Best | +134% | |
| $431B | 49.2 | 1.75 | -15% | |
| $99B | 34.9 | 3.09 | -28% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
BHP Historical P/E Data (1989–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $60.37 | $8.52 | 7.1x | +25% |
| FY2025 Q4 | Mon Jun 30 2025 00:00:00 GM | $48.09 | $6.66 | 7.2x | +27% |
| FY2025 Q2 | $48.83 | $7.38 | 6.6x | +17% | |
| FY2024 Q4 | Sun Jun 30 2024 00:00:00 GM | $57.09 | $8.18 | 7.0x | +23% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $68.31 | $10.08 | 6.8x | +19% |
| FY2023 Q4 | Fri Jun 30 2023 00:00:00 GM | $59.67 | $13.06 | 4.6x | -20% |
| FY2023 Q2 | Sat Dec 31 2022 00:00:00 GM | $62.05 | $13.46 | 4.6x | -19% |
| FY2022 Q4 | $56.18 | $12.52 | 4.5x | -21% | |
| FY2022 Q2 | Fri Dec 31 2021 00:00:00 GM | $53.82 | $9.10 | 5.9x | +4% |
| FY2021 Q4 | Wed Jun 30 2021 00:00:00 GM | $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% |
Average P/E for displayed period: 5.7x
Full BHP Stock Analysis
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Start ComparisonBHP — Frequently Asked Questions
Quick answers to the most common questions about buying BHP stock.
Is BHP stock overvalued or undervalued?
BHP trades at 23.7x P/E, above its 5-year average of 8.4x. The 100th percentile ranking indicates a premium to historical valuation.
How does BHP's valuation compare to peers?
BHP Group Limited P/E of 23.7x compares to sector median of 22.2x. The premium reflects expected growth above peers.
What is BHP's PEG ratio?
BHP PEG ratio is 8.44. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1989-2026.