BHP GroupFRA:BHP 76 Pretax Margin % is 41.41% as of Dec. 2025, which is 21% above its 10-year median of 34.09. GuruFocus rates FRA:BHP with a GF Score™ of 76/100 and a GF Value™ of €51.86 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 842 Metals & Mining companies, BHP Group ranks better than 83.97% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. BHP Group's Pre-Tax Income for the
six
months ended in Dec. 2025 was €9,868 Mil. BHP Group's Revenue for the
six
months ended in Dec. 2025 was €23,828 Mil. Therefore, BHP Group's pretax margin for the quarter that ended in Dec. 2025 was 41.41%.
The historical rank and industry rank for BHP Group's Pretax Margin % or its related term are showing as below:
FRA:BHP'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.27 Med: 34.09 Max: 50.9
Current: 39.32
FRA:BHP's Pretax Margin % is ranked better than 83.97% of 842
companies
in the Metals & Mining industry
Industry Median: 4.825
vs FRA:BHP: 39.32
BHP Group (FRA:BHP) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
BHP Group Pretax Margin % Related Terms
BHP Group Pretax Margin % Historical Data
* Premium members only.
The historical data trend for BHP Group's Pretax Margin % 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 Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, BHP Group's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where BHP Group's Pretax Margin % falls into.
* 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 (FRA:BHP) has a Pretax Margin % of 41.41% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BHP Group and its competitors. This is 21% above median its historical median of 34.09. Over the past decade, BHP Group's Pretax Margin % has ranged from 6.27 to 50.90. According to the industry distribution chart, BHP Group ranks #135 out of 842 companies in the Metals & Mining industry, placing it in the top 16%.
Is BHP Group's Pretax Margin % too high?
BHP Group's current Pretax Margin % of 41.41% is 21% above median its 10-year median of 34.09. Over the past 10 years, this metric has ranged from a low of 6.27 to a high of 50.90. The Metals & Mining industry median Pretax Margin % is 4.83. BHP Group's value of 41.41% is 758.2% above this industry median. Based on the distribution chart, BHP Group ranks #135 out of 842 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, BHP Group has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BHP Group's Pretax Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, BHP Group ranks #135 out of 842 companies for Pretax Margin %. This places BHP Group in the top 16% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.83. BHP Group's value of 41.41% is 758.2% above this benchmark. Historically, BHP Group's own Pretax Margin % has ranged from 6.27 to 50.90 over the past decade. While the company's 10-year median is 34.09 vs. the industry median of 4.83, 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 Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.83, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BHP Group's current Pretax Margin % of 41.41% is 758.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on BHP Group and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BHP Group's current Pretax Margin % is 41.41%, which is 21% above median its own 10-year median of 34.09. 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 €51.86, compared to a current price of €71.00 — trading 36.9% above its estimated fair value. The current Pretax Margin % is 41.41%, which is 21% above median its 10-year median of 34.09 and 758.2% above the Metals & Mining industry median of 4.83. BHP Group's overall GF Score™ is 76/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For BHP Group (FRA:BHP), the current Pretax Margin % is 41.41% as of Dec. 2025. 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 €71.00 is trading 36.9% above its estimated GF Value™ of €51.86.
GuruFocus considers BHP Group to be Significantly Overvalued.
Key valuation signals for FRA:BHP:
Pretax Margin %: 41.41% (21% above median its 10-year median of 34.09)
GF Value™: €51.86 vs. price of €71.00 (36.9% above fair value)
Industry Position: 758.2% above the Metals & Mining median (#135 of 842)
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.
76GF Score
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