Rio Tinto (ASX:RIO) EV-to-EBIT: 11.89 (As of Jul. 28, 2026) — 38% Above Median

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ASX:RIO Rio Tinto Ltd ASX:RIO
76 GF Score
Price A$159.53
GF Value A$128.35
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Rio Tinto EV-to-EBIT?

Rio Tinto ASX:RIO -2.48% 76 EV-to-EBIT is 11.89 as of Jul. 28, 2026, which is 38% above its 10-year median of 8.60. GuruFocus rates ASX:RIO with a GF Score™ of 76/100 and a GF Value™ of A$128.35 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 664 Metals & Mining companies, Rio Tinto ranks worse than 50.15% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Rio Tinto's Enterprise Value is A$296,297 Mil. Rio Tinto's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$24,915 Mil. Therefore, Rio Tinto's EV-to-EBIT for today is 11.89.

The historical rank and industry rank for Rio Tinto's EV-to-EBIT or its related term are showing as below:

ASX:RIO' s EV-to-EBIT Range Over the Past 10 Years
Min: 3.43   Med: 8.6   Max: 279.25
Current: 11.9

During the past 13 years, the highest EV-to-EBIT of Rio Tinto was 279.25. The lowest was 3.43. And the median was 8.60.

ASX:RIO's EV-to-EBIT is ranked worse than
50.15% of 664 companies
in the Metals & Mining industry
Industry Median: 11.895 vs ASX:RIO: 11.90

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Rio Tinto's Enterprise Value for the quarter that ended in Dec. 2025 was A$270,000 Mil. Rio Tinto's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$24,915 Mil. Rio Tinto's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.23%.


Rio Tinto  (ASX:RIO) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Rio Tinto's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=24915.1/270000.22026
=9.23 %

Rio Tinto's Enterprise Value for the quarter that ended in Dec. 2025 was A$270,000 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rio Tinto's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$24,915 Mil.

* 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.


Rio Tinto EV-to-EBIT Related Terms


Rio Tinto EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Rio Tinto's EV-to-EBIT 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.

Rio Tinto EV-to-EBIT Chart

Rio Tinto Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.85 6.52 9.76 7.45 10.94

Rio Tinto Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.76 0.00 7.45 0.00 10.94

Rio Tinto EV-to-EBIT Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Rio Tinto's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Rio Tinto EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Rio Tinto's EV-to-EBIT falls into.


ASX:RIO
76GF Score
Rio Tinto Ltd ASX:RIO
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rio Tinto EV-to-EBIT Calculation

Rio Tinto's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=296296.988/24915.1
=11.89

Rio Tinto's current Enterprise Value is A$296,297 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rio Tinto's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$24,915 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 11.89 mean?
Rio Tinto (ASX:RIO) has a EV-to-EBIT of 11.89 as of Jul. 28, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Rio Tinto and its competitors. This is 38% above median its historical median of 8.60. Over the past decade, Rio Tinto's EV-to-EBIT has ranged from 3.43 to 279.25. According to the industry distribution chart, Rio Tinto ranks #333 out of 664 companies in the Metals & Mining industry, placing it in the top 50.2%.
Is Rio Tinto's EV-to-EBIT too high?
Rio Tinto's current EV-to-EBIT of 11.89 is 38% above median its 10-year median of 8.60. Over the past 10 years, this metric has ranged from a low of 3.43 to a high of 279.25. The Metals & Mining industry median EV-to-EBIT is 11.90. Rio Tinto's value of 11.89 is 0% below this industry median. Based on the distribution chart, Rio Tinto ranks #333 out of 664 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Rio Tinto has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rio Tinto's EV-to-EBIT compare to competitors?
According to the Metals & Mining industry distribution chart, Rio Tinto ranks #333 out of 664 companies for EV-to-EBIT. This places Rio Tinto in the lower half of its industry. The industry median EV-to-EBIT is 11.90. Rio Tinto's value of 11.89 is 0% below this benchmark. Historically, Rio Tinto's own EV-to-EBIT has ranged from 3.43 to 279.25 over the past decade. While the company's 10-year median is 8.60 vs. the industry median of 11.90, Rio Tinto has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Metals & Mining company?
The median EV-to-EBIT among Metals & Mining companies is 11.90, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rio Tinto's current EV-to-EBIT of 11.89 is 0% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Rio Tinto and its competitors. For the Metals & Mining industry, the median EV-to-EBIT is 11.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rio Tinto's current EV-to-EBIT is 11.89, which is 38% above median its own 10-year median of 8.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rio Tinto stock overvalued right now?
Based on GuruFocus' analysis, Rio Tinto (ASX:RIO) is currently considered Modestly Overvalued. The stock's GF Value™ is A$128.35, compared to a current price of A$159.53 — trading 24.3% above its estimated fair value. The current EV-to-EBIT is 11.89, which is 38% above median its 10-year median of 8.60 and 0% below the Metals & Mining industry median of 11.90. Rio Tinto's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Rio Tinto (ASX:RIO), the current EV-to-EBIT is 11.89 as of Jul. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Rio Tinto (ASX:RIO) Overvalued in 2026?

Based on GuruFocus' analysis, Rio Tinto stock appears to be overvalued. The current stock price of A$159.53 is trading 24.3% above its estimated GF Value™ of A$128.35. GuruFocus considers Rio Tinto to be Modestly Overvalued.

Key valuation signals for ASX:RIO:

  • EV-to-EBIT: 11.89 (38% above median its 10-year median of 8.60)
  • GF Value™: A$128.35 vs. price of A$159.53 (24.3% above fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 0% below the Metals & Mining median (#333 of 664)

No single metric tells the full story. See the ASX:RIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rio Tinto Business Description

Other Exchanges RTNTF:USACRA1:Germany
Address 120 Collins Street, Level 43, Melbourne, VIC, AUS, 3000
Rio Tinto is a global diversified miner. Iron ore is its major commodity, with lesser contributions from copper and aluminum. Lithium, diamonds, gold, and industrial minerals are more minor contributors. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
76GF Score

Get the complete analysis for ASX:RIO

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$159.53
Price
A$128.35
GF Value