BHP GroupASX:BHP -0.70%82 EV-to-FCF is 21.08 as of Jun. 25, 2026, which is 74% above its 10-year median of 12.12. GuruFocus rates ASX:BHP with a GF Score™ of 82/100 and a GF Value™ of A$42.34 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 445 Metals & Mining companies, BHP Group ranks worse than 52.81% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, BHP Group's Enterprise Value is A$330,225 Mil.
BHP Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$15,664 Mil. Therefore, BHP Group's EV-to-FCF for today is 21.08.
The historical rank and industry rank for BHP Group's EV-to-FCF or its related term are showing as below:
ASX:BHP'
s EV-to-FCF Range Over the Past 10 Years
Min: 5.05 Med: 12.12 Max: 26.37
Current: 21.22
During the past 13 years, the highest EV-to-FCF of BHP Group was 26.37. The lowest was 5.05. And the median was 12.12.
ASX:BHP's EV-to-FCF is ranked worse than 52.81% of 445
companies
in the Metals & Mining industry
Industry Median: 19.18
vs ASX:BHP: 21.22
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BHP Group's share price for today is A$59.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BHP Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$3.058.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
BHP Group EV-to-FCF Related Terms
BHP Group EV-to-FCF Historical Data
* Premium members only.
The historical data trend for BHP Group's EV-to-FCF 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.
For the Other Industrial Metals & Mining subindustry, BHP Group's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where BHP Group's EV-to-FCF falls into.
BHP Group's current Enterprise Value is A$330,225 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. BHP Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$15,664 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.
BHP Group (ASX:BHP) has a EV-to-FCF of 21.08 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on BHP Group and its competitors. This is 74% above median its historical median of 12.12. Over the past decade, BHP Group's EV-to-FCF has ranged from 5.05 to 26.37. According to the industry distribution chart, BHP Group ranks #235 out of 445 companies in the Metals & Mining industry, placing it in the top 52.8%.
Is BHP Group's EV-to-FCF too high?
BHP Group's current EV-to-FCF of 21.08 is 74% above median its 10-year median of 12.12. Over the past 10 years, this metric has ranged from a low of 5.05 to a high of 26.37. The Metals & Mining industry median EV-to-FCF is 19.18. BHP Group's value of 21.08 is 9.9% above this industry median. Based on the distribution chart, BHP Group ranks #235 out of 445 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, BHP Group has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #235 out of 445 companies for EV-to-FCF. This places BHP Group in the lower half of its industry. The industry median EV-to-FCF is 19.18. BHP Group's value of 21.08 is 9.9% above this benchmark. Historically, BHP Group's own EV-to-FCF has ranged from 5.05 to 26.37 over the past decade. While the company's 10-year median is 12.12 vs. the industry median of 19.18, BHP Group has consistently been above 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-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 19.18, based on 445 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BHP Group's current EV-to-FCF of 21.08 is 9.9% above 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on BHP Group and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 19.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHP Group's current EV-to-FCF is 21.08, which is 74% above median its own 10-year median of 12.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BHP Group stock overvalued right now?
Based on GuruFocus' analysis, BHP Group (ASX:BHP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$42.34, compared to a current price of A$59.50 — trading 40.5% above its estimated fair value. The current EV-to-FCF is 21.08, which is 74% above median its 10-year median of 12.12 and 9.9% above the Metals & Mining industry median of 19.18. BHP Group's overall GF Score™ is 82/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For BHP Group (ASX:BHP), the current EV-to-FCF is 21.08 as of Jun. 25, 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 BHP Group (ASX:BHP) Overvalued in 2026?
Based on GuruFocus' analysis, BHP Group stock appears to be overvalued.
The current stock price of A$59.50 is trading 40.5% above its estimated GF Value™ of A$42.34.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for ASX:BHP:
EV-to-FCF: 21.08 (74% above median its 10-year median of 12.12)
GF Value™: A$42.34 vs. price of A$59.50 (40.5% above fair value)
Industry Position: 9.9% above the Metals & Mining median (#235 of 445)
No single metric tells the full story. See the ASX:BHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 US 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. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuna copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.
82GF Score
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