Teck Resources Limited (TECK) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Industrial Materials
EV/EBITDA
↑
12.51
+10% vs avg
5yr avg: 11.37
30Y Low2.6·High28.6
P/FCF
↓
N/A
—
5yr avg: 97.44
30Y Low1.8·High148.3
P/B Ratio
↑
1.61
↑+106% vs avg
5yr avg: 0.78
30Y Low0.1·High2.6
ROE
↓
5.3%
↑-37% vs avg
5yr avg: 8.3%
30Y Low-14%·High44%
Debt/EBITDA
↑
2.83
↓-32% vs avg
5yr avg: 4.18
30Y Low0.4·High13.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TECK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Teck Resources Limited trades at 29.8x earnings, 66% above its 5-year average of 17.9x, sitting at the 90th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.9x, the stock trades at a premium of 30%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29.9B | $23.7B | $21.1B | $22.2B | $20.3B | $15.6B | $9.7B | $9.7B | $12.5B | $15.3B | $11.6B |
| Enterprise Value | $33.8B | $29.1B | $23.5B | $32.6B | $28.4B | $23.5B | $17.1B | $14.4B | $16.3B | $20.8B | $18.5B |
| P/E Ratio → | 29.77 | 16.92 | 51.96 | 9.19 | 6.11 | 5.43 | — | — | 4.05 | 6.14 | 11.19 |
| P/S Ratio | 3.77 | 2.21 | 2.32 | 3.43 | 1.17 | 1.22 | 1.08 | 0.81 | 1.00 | 1.29 | 1.24 |
| P/B Ratio | 1.61 | 0.91 | 0.78 | 0.78 | 0.76 | 0.65 | 0.47 | 0.44 | 0.54 | 0.79 | 0.66 |
| P/FCF | — | — | 135.97 | — | 8.05 | 148.29 | — | 607.69 | 6.87 | 5.58 | 9.94 |
| P/OCF | 38.89 | 22.74 | 7.55 | 5.44 | 2.54 | 3.29 | 6.21 | 2.79 | 2.83 | 3.04 | 3.78 |
P/E links to full P/E history page with 30-year chart
TECK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Teck Resources Limited's enterprise value stands at 12.5x EBITDA, 10% above its 5-year average of 11.4x. The Basic Materials sector median is 11.4x, placing the stock at a 10% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.71 | 2.59 | 5.03 | 1.64 | 1.84 | 1.91 | 1.21 | 1.30 | 1.74 | 1.99 |
| EV / EBITDA | 12.51 | 7.93 | 13.66 | 28.38 | 3.28 | 3.63 | 28.55 | 9.83 | 2.60 | 3.60 | 5.95 |
| EV / EBIT | 25.97 | 11.78 | 411.47 | — | 4.34 | 5.03 | — | — | 3.56 | 5.22 | 9.98 |
| EV / FCF | — | — | 151.31 | — | 11.28 | 223.57 | — | 902.69 | 8.94 | 7.55 | 15.90 |
TECK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Teck Resources Limited earns an operating margin of 16.5%, above the Basic Materials sector average of 9.8%. Operating margins have expanded from 3.4% to 16.5% over the past 3 years, signaling improving operational efficiency. ROE of 5.3% is modest. ROIC of 4.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.8% | 21.8% | 17.7% | 17.2% | 49.5% | 40.8% | 14.9% | 28.0% | 36.8% | 38.3% | 25.8% |
| Operating Margin | 16.5% | 16.5% | -0.1% | 3.4% | 40.3% | 39.0% | -10.2% | -1.3% | 38.1% | 35.9% | 18.5% |
| Net Profit Margin | 13.0% | 13.0% | 4.5% | 37.2% | 19.2% | 22.5% | -9.7% | -5.1% | 24.7% | 20.7% | 11.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 1.5% | 8.8% | 13.2% | 12.9% | -4.0% | -2.7% | 14.6% | 13.3% | 6.1% |
| ROA | 3.0% | 3.0% | 0.8% | 4.4% | 6.7% | 6.5% | -2.1% | -1.5% | 8.1% | 6.8% | 3.0% |
| ROIC | 4.4% | 4.4% | -0.0% | 0.5% | 15.8% | 12.5% | -2.5% | -0.4% | 13.9% | 12.9% | 5.3% |
| ROCE | 4.2% | 4.2% | -0.0% | 0.5% | 15.5% | 12.2% | -2.4% | -0.4% | 13.4% | 12.6% | 5.2% |
TECK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Teck Resources Limited carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (8% above the sector average of 2.6x). Net debt stands at $5.4B ($10.4B total debt minus $5.0B cash). Interest coverage of 3.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.37 | 0.39 | 0.38 | 0.39 | 0.38 | 0.26 | 0.24 | 0.33 | 0.47 |
| Debt / EBITDA | 2.83 | 2.83 | 5.80 | 9.67 | 1.16 | 1.44 | 13.13 | 3.91 | 0.88 | 1.11 | 2.68 |
| Net Debt / Equity | — | 0.21 | 0.09 | 0.37 | 0.31 | 0.33 | 0.36 | 0.21 | 0.16 | 0.28 | 0.39 |
| Net Debt / EBITDA | 1.47 | 1.47 | 1.38 | 9.02 | 0.94 | 1.22 | 12.38 | 3.21 | 0.60 | 0.94 | 2.23 |
| Debt / FCF | — | — | 15.34 | — | 3.23 | 75.28 | — | 295.00 | 2.07 | 1.97 | 5.96 |
| Interest Coverage | 3.03 | 3.03 | 0.07 | -2.06 | 101.59 | 105.29 | -6.45 | -2.52 | 31.72 | 28.84 | 6.45 |
TECK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Teck Resources Limited's current ratio of 2.54x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.91x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.10x to 2.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.54 | 2.54 | 2.88 | 1.10 | 1.41 | 1.62 | 1.23 | 1.62 | 2.11 | 1.80 | 2.16 |
| Quick Ratio | 1.91 | 1.91 | 2.28 | 0.60 | 0.96 | 0.99 | 0.66 | 0.91 | 1.29 | 1.17 | 1.40 |
| Cash Ratio | 1.14 | 1.14 | 1.74 | 0.13 | 0.32 | 0.38 | 0.14 | 0.37 | 0.69 | 0.36 | 0.64 |
| Asset Turnover | — | 0.24 | 0.19 | 0.12 | 0.33 | 0.27 | 0.22 | 0.30 | 0.32 | 0.32 | 0.26 |
| Inventory Turnover | 3.06 | 3.06 | 2.87 | 1.82 | 3.26 | 3.16 | 4.07 | 4.34 | 3.85 | 4.40 | 4.13 |
| Days Sales Outstanding | — | 97.77 | 77.63 | 123.43 | 34.13 | 56.81 | 53.52 | 32.48 | 36.43 | 43.49 | 59.26 |
TECK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Teck Resources Limited returns 3.1% to shareholders annually — split between a 0.6% dividend yield and 2.5% buyback yield. The payout ratio of 17.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.4% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.6% | 1.0% | 2.4% | 1.2% | 2.6% | 0.7% | 1.1% | 1.1% | 1.4% | 2.2% | 0.5% |
| Payout Ratio | 17.6% | 17.6% | 126.6% | 11.0% | 16.0% | 3.7% | — | — | 5.5% | 14.0% | 5.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 5.9% | 1.9% | 10.9% | 16.4% | 18.4% | — | — | 24.7% | 16.3% | 8.9% |
| FCF Yield | — | — | 0.7% | — | 12.4% | 0.7% | — | 0.2% | 14.6% | 17.9% | 10.1% |
| Buyback Yield | 2.5% | 4.3% | 5.9% | 1.1% | 6.9% | 0.0% | 2.1% | 6.8% | 1.5% | 1.1% | 0.0% |
| Total Shareholder Yield | 3.1% | 5.3% | 8.3% | 2.3% | 9.5% | 0.7% | 3.2% | 7.9% | 2.9% | 3.4% | 0.5% |
| Shares Outstanding | — | $495M | $520M | $525M | $536M | $540M | $534M | $560M | $582M | $586M | $577M |
Peer Comparison
Compare TECK 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 |
|---|---|---|---|---|---|---|---|---|---|
 TECKYou | $30B | 29.8 | 12.5 | — | 21.8% | 16.5% | 5.3% | 4.4% | 2.8 |
 FCX | $88B | 40.1 | 11.2 | 78.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 HBM | $10B | 16.4 | 9.8 | 48.1 | 29.1% | 25.5% | 19.7% | 12.0% | 1.1 |
 SCCO | $152B | 35.1 | 19.7 | 44.3 | 56.7% | 52.2% | 42.6% | 38.6% | 0.9 |
 CMCL | $440M | 8.0 | 3.3 | 10.1 | 54.0% | 45.5% | 21.3% | 32.4% | 0.2 |
 ERO | $3B | 10.5 | 8.2 | 30.9 | 43.2% | 33.8% | 35.1% | 15.5% | 1.5 |
 NEM | $128B | 18.0 | 9.2 | 17.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 BHP | $214B | 23.7 | 9.3 | 23.1 | 82.2% | 38.0% | 17.8% | 24.0% | 1.0 |
 RIO | $211B | 14.9 | 10.5 | 35.2 | 56.4% | 29.2% | 20.2% | 18.6% | 0.7 |
 VALE | $72B | 28.4 | 5.9 | 23.5 | 34.4% | 29.0% | 7.2% | 17.7% | 1.4 |
 AA | $16B | 14.2 | 9.3 | 28.9 | 13.6% | 7.6% | 20.2% | 12.7% | 0.0 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTECK — Frequently Asked Questions
Quick answers to the most common questions about buying TECK stock.
What is Teck Resources Limited's P/E ratio?
Teck Resources Limited's current P/E ratio is 29.8x. The historical average is 15.3x. This places it at the 90th percentile of its historical range.
What is Teck Resources Limited's EV/EBITDA?
Teck Resources Limited's current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Teck Resources Limited's ROE?
Teck Resources Limited's return on equity (ROE) is 5.3%. The historical average is 8.5%.
Is TECK stock overvalued?
Based on historical data, Teck Resources Limited is trading at a P/E of 29.8x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Teck Resources Limited's dividend yield?
Teck Resources Limited's current dividend yield is 0.59% with a payout ratio of 17.6%.
What are Teck Resources Limited's profit margins?
Teck Resources Limited has 21.8% gross margin and 16.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Teck Resources Limited have?
Teck Resources Limited's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.