Rio Tinto Group (RIO) Financial Ratios
30 years of historical data (1995–2024) · Basic Materials · Industrial Materials
EV/EBITDA
↓
9.98
↑+103% vs avg
5yr avg: 4.91
30Y Low3.1·High38.7
P/FCF
↑
33.42
↑+169% vs avg
5yr avg: 12.44
30Y Low6.1·High50.5
P/B Ratio
↓
2.82
↑+37% vs avg
5yr avg: 2.06
30Y Low1.2·High6.2
ROE
↑
20.2%
-16% vs avg
5yr avg: 24.1%
30Y Low-5%·High41%
Debt/EBITDA
↑
0.67
+17% vs avg
5yr avg: 0.57
30Y Low0.4·High8.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RIO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Rio Tinto Group trades at 14.2x earnings, 49% above its 5-year average of 9.5x, sitting at the 50th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 40%. On a free-cash-flow basis, the stock trades at 33.4x P/FCF, 169% above the 5-year average of 12.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $199.8B | $96.1B | $121.5B | $116.0B | $109.0B | $122.5B | $97.5B | $84.0B | $95.2B | $69.6B | $53.1B |
| Enterprise Value | $206.8B | $103.1B | $126.2B | $121.5B | $109.8B | $126.1B | $104.2B | $87.1B | $100.7B | $79.7B | $67.4B |
| P/E Ratio → | 14.16 | 8.32 | 12.09 | 9.37 | 5.17 | 12.54 | 12.16 | 6.15 | 10.87 | 15.08 | — |
| P/S Ratio | 3.72 | 1.79 | 2.25 | 2.09 | 1.72 | 2.75 | 2.26 | 2.07 | 2.38 | 2.06 | 1.53 |
| P/B Ratio | 2.82 | 1.66 | 2.16 | 2.22 | 1.93 | 2.36 | 2.15 | 1.69 | 1.86 | 1.52 | 1.20 |
| P/FCF | 33.42 | 16.07 | 15.05 | 12.36 | 6.07 | 12.65 | 10.34 | 13.14 | 10.13 | 12.76 | 11.31 |
| P/OCF | 12.81 | 6.16 | 8.01 | 7.19 | 4.30 | 7.72 | 6.54 | 7.10 | 6.86 | 8.22 | 5.66 |
P/E links to full P/E history page with 30-year chart
RIO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Rio Tinto Group's enterprise value stands at 10.0x EBITDA, 103% above its 5-year average of 4.9x. The Basic Materials sector median is 11.0x, placing the stock at a 9% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.92 | 2.33 | 2.19 | 1.73 | 2.83 | 2.41 | 2.15 | 2.52 | 2.36 | 1.93 |
| EV / EBITDA | 9.98 | 4.98 | 5.98 | 4.59 | 3.14 | 5.87 | 5.04 | 3.95 | 5.34 | 6.71 | 8.16 |
| EV / EBIT | 13.21 | 7.37 | 8.95 | 6.67 | 3.66 | 8.40 | 9.16 | 4.80 | 7.71 | 11.71 | 180.20 |
| EV / FCF | — | 17.24 | 15.63 | 12.95 | 6.11 | 13.02 | 11.05 | 13.63 | 10.72 | 14.62 | 14.35 |
RIO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Rio Tinto Group earns an operating margin of 29.2%, significantly above the Basic Materials sector average of 10.3%. Operating margins have compressed from 35.9% to 29.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 20.2% indicates solid capital efficiency. ROIC of 18.6% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.4% | 56.4% | 32.0% | 61.7% | 70.8% | 65.3% | 62.0% | 59.1% | 60.5% | 54.0% | 51.7% |
| Operating Margin | 29.2% | 29.2% | 27.4% | 35.9% | 47.0% | 37.7% | 36.8% | 43.6% | 35.3% | 20.1% | 10.4% |
| Net Profit Margin | 21.5% | 21.5% | 18.6% | 22.3% | 33.3% | 21.9% | 18.6% | 33.7% | 21.9% | 13.7% | -2.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.2% | 20.2% | 18.5% | 22.8% | 38.9% | 20.1% | 16.9% | 27.0% | 18.1% | 10.3% | -1.8% |
| ROA | 11.2% | 11.2% | 10.0% | 12.4% | 21.1% | 10.6% | 9.0% | 14.6% | 9.5% | 5.1% | -0.9% |
| ROIC | 18.6% | 18.6% | 18.7% | 26.0% | 39.6% | 23.5% | 22.7% | 24.2% | 18.8% | 8.9% | 4.3% |
| ROCE | 17.2% | 17.2% | 16.8% | 22.7% | 33.9% | 20.7% | 20.3% | 21.5% | 17.2% | 8.4% | 4.1% |
RIO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Rio Tinto Group carries a Debt/EBITDA ratio of 0.7x, which is very conservative (73% below the sector average of 2.4x). Net debt stands at $7.0B ($13.9B total debt minus $6.8B cash). Interest coverage of 9.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.25 | 0.23 | 0.24 | 0.27 | 0.33 | 0.28 | 0.31 | 0.40 | 0.54 |
| Debt / EBITDA | 0.67 | 0.67 | 0.68 | 0.46 | 0.39 | 0.65 | 0.71 | 0.63 | 0.85 | 1.55 | 2.86 |
| Net Debt / Equity | — | 0.12 | 0.08 | 0.11 | 0.01 | 0.07 | 0.15 | 0.06 | 0.11 | 0.22 | 0.32 |
| Net Debt / EBITDA | 0.34 | 0.34 | 0.22 | 0.21 | 0.02 | 0.17 | 0.32 | 0.14 | 0.29 | 0.86 | 1.73 |
| Debt / FCF | — | 1.18 | 0.58 | 0.59 | 0.04 | 0.38 | 0.71 | 0.49 | 0.59 | 1.87 | 3.03 |
| Interest Coverage | 9.61 | 9.61 | 7.57 | 10.75 | 50.37 | 26.09 | 16.95 | 19.04 | 11.48 | 4.69 | 3.20 |
RIO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.63x means Rio Tinto Group can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.13x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.63 | 1.63 | 1.69 | 1.64 | 1.93 | 1.80 | 1.56 | 1.92 | 1.69 | 1.60 | 1.53 |
| Quick Ratio | 1.13 | 1.13 | 1.17 | 1.10 | 1.50 | 1.46 | 1.24 | 1.61 | 1.38 | 1.29 | 1.22 |
| Cash Ratio | 0.61 | 0.61 | 0.84 | 0.77 | 1.22 | 1.14 | 0.96 | 1.24 | 1.03 | 0.91 | 0.94 |
| Asset Turnover | — | 0.52 | 0.52 | 0.57 | 0.62 | 0.46 | 0.49 | 0.45 | 0.42 | 0.38 | 0.38 |
| Inventory Turnover | 3.99 | 3.99 | 5.52 | 3.43 | 3.41 | 3.95 | 4.74 | 4.80 | 4.55 | 5.29 | 5.31 |
| Days Sales Outstanding | — | 23.95 | 16.62 | 22.14 | 17.92 | 27.83 | 24.73 | 27.65 | 30.03 | 35.57 | 24.15 |
RIO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Rio Tinto Group returns 4.3% to shareholders annually primarily through dividends. A payout ratio of 60.8% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 7.3% | 5.3% | 10.1% | 14.1% | 5.0% | 10.6% | 6.4% | 4.5% | 3.9% | 7.7% |
| Payout Ratio | 60.8% | 60.8% | 64.3% | 94.6% | 72.7% | 62.8% | 129.0% | 39.3% | 48.5% | 59.0% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 12.0% | 8.3% | 10.7% | 19.3% | 8.0% | 8.2% | 16.3% | 9.2% | 6.6% | — |
| FCF Yield | 3.0% | 6.2% | 6.6% | 8.1% | 16.5% | 7.9% | 9.7% | 7.6% | 9.9% | 7.8% | 8.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 1.6% | 6.4% | 2.2% | 0.0% | 3.8% |
| Total Shareholder Yield | 4.3% | 7.3% | 5.3% | 10.1% | 14.1% | 5.2% | 12.2% | 12.8% | 6.6% | 3.9% | 11.5% |
| Shares Outstanding | — | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.7B | $1.8B | $1.8B | $1.8B |
Peer Comparison
Compare RIO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RIOYou | $200B | 14.2 | 10.0 | 33.4 | 56.4% | 29.2% | 20.2% | 18.6% | 0.7 |
 BHP | $223B | 24.7 | 9.7 | 24.0 | 82.2% | 38.0% | 17.8% | 24.0% | 1.0 |
 VALE | $67B | 26.6 | 5.6 | 22.0 | 34.4% | 29.0% | 7.2% | 17.7% | 1.4 |
 FCX | $99B | 45.2 | 12.5 | 88.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 AA | $15B | 13.4 | 8.6 | 27.1 | 13.6% | 7.6% | 20.2% | 12.7% | 0.0 |
 NEM | $115B | 16.2 | 8.2 | 15.8 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 CLF | $7B | -4.1 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 SCCO | $159B | 36.8 | 20.6 | 46.5 | 56.7% | 52.2% | 42.6% | 38.6% | 0.9 |
 CENX | $5B | 123.1 | 22.1 | 60.4 | 10.1% | 6.3% | 5.2% | 9.5% | 2.2 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 CMI | $99B | 35.0 | 21.0 | 41.5 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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RIO — Frequently Asked Questions
Quick answers to the most common questions about buying RIO stock.
What is Rio Tinto Group's P/E ratio?
Rio Tinto Group's current P/E ratio is 14.2x. The historical average is 17.0x. This places it at the 50th percentile of its historical range.
What is Rio Tinto Group's EV/EBITDA?
Rio Tinto Group's current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Rio Tinto Group's ROE?
Rio Tinto Group's return on equity (ROE) is 20.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 17.9%.
Is RIO stock overvalued?
Based on historical data, Rio Tinto Group is trading at a P/E of 14.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Rio Tinto Group's dividend yield?
Rio Tinto Group's current dividend yield is 4.30% with a payout ratio of 60.8%.
What are Rio Tinto Group's profit margins?
Rio Tinto Group has 56.4% gross margin and 29.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Rio Tinto Group have?
Rio Tinto Group's Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.