BHP Group (BHP Group) PB Ratio

: 3.56 (As of Today)

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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-19), BHP Group's share price is $58.115. BHP Group's Book Value per Share for the quarter that ended in Dec. 2023 was $16.35. Hence, BHP Group's PB Ratio of today is 3.56.

Good Sign:

BHP Group Ltd stock PB Ratio (=3.69) is close to 1-year low of 3.35

Warning Sign:

BHP Group Ltd stock PB Ratio (=3.69) is close to 10-year high of 4.09

The historical rank and industry rank for BHP Group's PB Ratio or its related term are showing as below:

BHP' s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 2.23 Max: 4.09
Current: 3.7

During the past 13 years, BHP Group's highest PB Ratio was 4.09. The lowest was 0.87. And the median was 2.23.

BHP's PB Ratio is ranked worse than
79.39% of 2392 companies
in the Metals & Mining industry
Industry Median: 1.4 vs BHP: 3.70

During the past 12 months, BHP Group's average Book Value Per Share Growth Rate was -2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -1.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BHP Group was 28.30% per year. The lowest was -13.50% per year. And the median was 6.55% per year.

Back to Basics: PB Ratio

BHP Group PB Ratio Historical Data

The historical data trend for BHP Group's PB 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.

* Premium members only.

BHP Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

2.85

2.41

3.29

3.27

3.51

BHP Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio																2.68	3.27	3.69	3.51	4.18

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, BHP Group's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution

For the Metals & Mining industry and Basic Materials sector, BHP Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where BHP Group's PB Ratio falls into.

BHP Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

BHP Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	58.115	/	16.346
	=	3.56

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

BHP Group (NYSE:BHP) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

BHP Group PB Ratio Related Terms

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BHP Group (BHP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHP Group Ltd (NYSE:BHP) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

BHG:South Africa BHPLF:USA BHPN:Mexico BHPl:UK BHP:UK BHP1:Germany BHP:Australia BHP:Argentina

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

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.