Mineral ResourcesASX:MIN +1.40%82 PB Ratio is 3.49 as of Jun. 25, 2026, which is 29% above its 10-year median of 2.70. GuruFocus rates ASX:MIN with a GF Score™ of 82/100 and a GF Value™ of A$72.28 (Fairly Valued). The stock has 12 warning signs investors should review. Among 2,358 Metals & Mining companies, Mineral Resources ranks worse than 65.82% on this metric.
The historical rank and industry rank for Mineral Resources's PB Ratio or its related term are showing as below:
ASX:MIN'
s PB Ratio Range Over the Past 10 Years
Min: 0.91 Med: 2.7 Max: 5.4
Current: 3.49
During the past 13 years, Mineral Resources's highest PB Ratio was 5.40. The lowest was 0.91. And the median was 2.70.
ASX:MIN's PB Ratio is ranked worse than 65.82% of 2358
companies
in the Metals & Mining industry
Industry Median: 2.27
vs ASX:MIN: 3.49
During the past 12 months, Mineral Resources's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mineral Resources was 65.50% per year. The lowest was -1.30% per year. And the median was 16.35% per year.
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.
Mineral Resources PB Ratio Related Terms
Mineral Resources PB Ratio Historical Data
* Premium members only.
The historical data trend for Mineral Resources'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.
For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.
Mineral Resources PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mineral Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mineral Resources's PB Ratio falls into.
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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Mineral Resources (ASX:MIN) has a PB Ratio of 3.49 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mineral Resources and its competitors. This is 29% above median its historical median of 2.70. Over the past decade, Mineral Resources' PB Ratio has ranged from 0.91 to 5.40. According to the industry distribution chart, Mineral Resources ranks #1552 out of 2358 companies in the Metals & Mining industry, placing it in the top 65.8%.
Is Mineral Resources' PB Ratio too high?
Mineral Resources' current PB Ratio of 3.49 is 29% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 5.40. The Metals & Mining industry median PB Ratio is 2.27. Mineral Resources' value of 3.49 is 53.7% above this industry median. Based on the distribution chart, Mineral Resources ranks #1552 out of 2358 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Mineral Resources has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mineral Resources' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Mineral Resources ranks #1552 out of 2358 companies for PB Ratio. This places Mineral Resources in the lower half of its industry. The industry median PB Ratio is 2.27. Mineral Resources' value of 3.49 is 53.7% above this benchmark. Historically, Mineral Resources' own PB Ratio has ranged from 0.91 to 5.40 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 2.27, Mineral Resources 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.27, based on 2,358 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mineral Resources's current PB Ratio of 3.49 is 53.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mineral Resources and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mineral Resources's current PB Ratio is 3.49, which is 29% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Resources stock overvalued right now?
Based on GuruFocus' analysis, Mineral Resources (ASX:MIN) is currently considered Fairly Valued. The stock's GF Value™ is A$72.28, compared to a current price of A$65.86 — trading 8.9% below its estimated fair value. The current PB Ratio is 3.49, which is 29% above median its 10-year median of 2.70 and 53.7% above the Metals & Mining industry median of 2.27. Mineral Resources' overall GF Score™ is 82/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Mineral Resources (ASX:MIN), the current PB Ratio is 3.49 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 Mineral Resources (ASX:MIN) Overvalued in 2026?
Based on GuruFocus' analysis, Mineral Resources stock appears to be undervalued.
The current stock price of A$65.86 is trading 8.9% below its estimated GF Value™ of A$72.28.
GuruFocus considers Mineral Resources to be Fairly Valued.
Key valuation signals for ASX:MIN:
PB Ratio: 3.49 (29% above median its 10-year median of 2.70)
GF Value™: A$72.28 vs. price of A$65.86 (8.9% below fair value)
Industry Position: 53.7% above the Metals & Mining median (#1552 of 2358)
No single metric tells the full story. See the ASX:MIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.
82GF Score
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