BHP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
BHP's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
BHP P/E ratio by year
Yearly range of BHP’s p/e ratio from 2016 to 2026. Over the full period it ranged from -137.9 to 18.2, averaging -1.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.2 | 9.8 | 13.3 | 12.4 |
| 2025 | 5.4 | 7.5 | 9.3 | 7.1 |
| 2024 | 5.5 | 6.3 | 7.6 | 6.6 |
| 2023 | 4.1 | 4.6 | 5.3 | 5.2 |
| 2022 | 3.8 | 5.5 | 7.8 | 5.0 |
| 2021 | 5.9 | 8.6 | 11.0 | 5.9 |
| 2020 | 3.9 | 6.7 | 9.2 | 8.9 |
| 2019 | 6.9 | 8.7 | 10.6 | 6.9 |
| 2018 | 8.5 | 13.0 | 18.2 | 8.8 |
| 2017 | -137.9 | -74.4 | -21.9 | -136.7 |
| 2016 | -31.2 | -27.9 | -23.2 | -28.2 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is BHP P/E ratio High or Low Right Now?
BHP Group Limited's P/E ratio is currently 12.4, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for BHP is approximately 6.8. See all BHP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.