As of today (2024-04-25), BHP Group's current share price is $28.48. BHP Group's E10 for the fiscal year that ended in Jun23 was $1.80. BHP Group's Shiller PE Ratio for today is 15.82.
The historical rank and industry rank for BHP Group's Shiller PE Ratio or its related term are showing as below:
BHPLF'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.93 Med: 14.79 Max: 26.46
Current: 17.04
During the past 13 years, BHP Group's highest Shiller PE Ratio was 26.46. The lowest was 4.93. And the median was 14.79.
BHPLF's Shiller PE Ratio is ranked better than 58.54% of 369
companies
in the Metals & Mining industry
Industry Median: 22.33
vs BHPLF: 17.04
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
BHP Group's adjusted earnings per share data of for the fiscal year that ended in Jun23 was $2.547. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.80 for the trailing ten years ended in Jun23.
Shiller PE for Stocks: The True Measure of Stock Valuation
BHP Group Shiller PE Ratio Historical Data
The historical data trend for BHP Group's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of BHP Group's Shiller PE Ratio
For the Other Industrial Metals & Mining subindustry, BHP Group's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BHP Group's Shiller PE Ratio Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where BHP Group's Shiller PE Ratio falls into.
BHP Group Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
BHP Group's Shiller PE Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BHP Group's E10 for the fiscal year that ended in Jun23 is calculated as:
For example, BHP Group's adjusted earnings per share data for the fiscal year that ended in Jun23 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
BHP Group (OTCPK:BHPLF) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
BHP Group Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of BHP Group's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.
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