BHP GroupFRA:BHP +2.13%74 PB Ratio is 4.25 as of Jul. 06, 2026, which is 48% above its 10-year median of 2.88. GuruFocus rates FRA:BHP with a GF Score™ of 74/100 and a GF Value™ of €51.16 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,351 Metals & Mining companies, BHP Group ranks worse than 69.93% on this metric.
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 (2026-07-06), BHP Group's share price is €72.00. BHP Group's Book Value per Share for the quarter that ended in Dec. 2025 was €16.95. Hence, BHP Group's PB Ratio of today is 4.25.
The historical rank and industry rank for BHP Group's PB Ratio or its related term are showing as below:
FRA:BHP'
s PB Ratio Range Over the Past 10 Years
Min: 1.26 Med: 2.88 Max: 4.5
Current: 4.05
During the past 13 years, BHP Group's highest PB Ratio was 4.50. The lowest was 1.26. And the median was 2.88.
FRA:BHP's PB Ratio is ranked worse than 69.93% of 2351
companies
in the Metals & Mining industry
Industry Median: 2.31
vs FRA:BHP: 4.05
During the past 12 months, BHP Group's average Book Value Per Share Growth Rate was 5.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.10% 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 -14.00% per year. And the median was 5.40% 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.
BHP Group PB Ratio Related Terms
BHP Group PB Ratio Historical Data
* Premium members only.
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.
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 vs Metals & Mining Industry
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.
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:
* 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.
BHP Group (FRA:BHP) has a PB Ratio of 4.25 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BHP Group and its competitors. This is 48% above median its historical median of 2.88. Over the past decade, BHP Group's PB Ratio has ranged from 1.26 to 4.50. According to the industry distribution chart, BHP Group ranks #1644 out of 2351 companies in the Metals & Mining industry, placing it in the top 69.9%.
Is BHP Group's PB Ratio too high?
BHP Group's current PB Ratio of 4.25 is 48% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 4.50. The Metals & Mining industry median PB Ratio is 2.31. BHP Group's value of 4.25 is 84% above this industry median. Based on the distribution chart, BHP Group ranks #1644 out of 2351 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, BHP Group has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #1644 out of 2351 companies for PB Ratio. This places BHP Group in the lower half of its industry. The industry median PB Ratio is 2.31. BHP Group's value of 4.25 is 84% above this benchmark. Historically, BHP Group's own PB Ratio has ranged from 1.26 to 4.50 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 2.31, 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.31, based on 2,351 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. BHP Group's current PB Ratio of 4.25 is 84% 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 BHP Group and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHP Group's current PB Ratio is 4.25, which is 48% above median its own 10-year median of 2.88. 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 (FRA:BHP) is currently considered Significantly Overvalued. The stock's GF Value™ is €51.16, compared to a current price of €72.00 — trading 40.7% above its estimated fair value. The current PB Ratio is 4.25, which is 48% above median its 10-year median of 2.88 and 84% above the Metals & Mining industry median of 2.31. BHP Group's overall GF Score™ is 74/100 with 7 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 BHP Group (FRA:BHP), the current PB Ratio is 4.25 as of Jul. 06, 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 (FRA:BHP) Overvalued in 2026?
Based on GuruFocus' analysis, BHP Group stock appears to be overvalued.
The current stock price of €72.00 is trading 40.7% above its estimated GF Value™ of €51.16.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for FRA:BHP:
PB Ratio: 4.25 (48% above median its 10-year median of 2.88)
GF Value™: €51.16 vs. price of €72.00 (40.7% above fair value)
Industry Position: 84% above the Metals & Mining median (#1644 of 2351)
No single metric tells the full story. See the FRA: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.
74GF Score
Get the complete analysis for FRA:BHP
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:BHP has been successfully added to your 
