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BHP Group Limited (BHP, Mining groups) Stock Valuation & Fair Value

Weak on forward returns

BHP Group Limited (BHP, Mining groups) trades at a current P/E of 15.6, about 18% above its historical normal valuation, with a forward growth estimate of -0.4%. Analysts' one-year estimates have been hit 9% of the time. Priced at its historical normal P/E of 13.1 on the same blended earnings, the 2026-11-06 close of $79.89 corresponds to about $67.50 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
15.6
Normal P/E
13.1
PEG
—
Fwd growth
-0.4%
Div yield
4.3%
RSI (14)
44.1
Neutral
Technical context
  • Price $79.89 at the Nov 6 close, 1.6% below the 20-day average ($81.21) and 5.8% below the 50-day ($84.85).
  • RSI (14) at 44.1.
  • 52-week range $50.46 to $96.58: the price is 17.3% below the high and 58.3% above the low.

The Street vs SeerForecast

Wall Street's mean price target for BHP is $78.14 across 7 analysts, 2.2% below the current price. The average analyst rating is Hold. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has not changed since 2026-09-19, but its reason has: it read trading above its usual valuation then and reads weak on forward returns now.

Current P/E and rating by weekCurrent P/E moved from 17.1 to 15.4 between 2026-09-18 and 2026-10-30, against a normal P/E of 13.0, with 0 rating changes over 7 recorded weeks.2026-09-18: P/E 17.1, Trading above its usual valuation, recalculated for the week of 2026-09-192026-09-18: P/E 17.1, Trading above its usual valuation, recorded live 2026-09-212026-09-25: P/E 16.8, Trading above its usual valuation, recalculated for the week of 2026-09-262026-09-25: P/E 16.8, Trading above its usual valuation, recorded live 2026-09-282026-10-02: P/E 17.0, Trading above its usual valuation, recalculated for the week of 2026-10-032026-10-02: P/E 17.0, Trading above its usual valuation, recorded live 2026-10-052026-10-09: P/E 17.1, Trading above its usual valuation, recalculated for the week of 2026-10-102026-10-09: P/E 17.1, Trading above its usual valuation, recorded live 2026-10-122026-10-16: P/E 16.5, Trading above its usual valuation, recalculated for the week of 2026-10-172026-10-16: P/E 16.5, Trading above its usual valuation, recorded live 2026-10-192026-10-23: P/E 15.4, Weak on forward returns, recalculated for the week of 2026-10-242026-10-23: P/E 15.4, Weak on forward returns, recorded live 2026-10-262026-10-30: P/E 15.4, Weak on forward returns, recalculated for the week of 2026-10-312026-10-30: P/E 15.4, Weak on forward returns, recorded live 2026-11-0214.016.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 13.0
Trading above its usual valuationWeak on forward returns

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 17.1+31%Trading above its usual valuation (recalculated)
2026-10-10P/E 17.1+32%Trading above its usual valuation (recalculated)
2026-10-24P/E 15.4+18%Weak on forward returns (recalculated)
2026-11-02P/E 15.4+17%Weak on forward returns ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 17.1+31%Trading above its usual valuation (recalculated)
2026-09-21P/E 17.1+31%Trading above its usual valuation
2026-09-26P/E 16.8+29%Trading above its usual valuation (recalculated)
2026-09-28P/E 16.8+29%Trading above its usual valuation
2026-10-03P/E 17.0+31%Trading above its usual valuation (recalculated)
2026-10-05P/E 17.0+31%Trading above its usual valuation
2026-10-10P/E 17.1+32%Trading above its usual valuation (recalculated)
2026-10-12P/E 17.1+32%Trading above its usual valuation
2026-10-17P/E 16.5+26%Trading above its usual valuation (recalculated)
2026-10-19P/E 16.5+26%Trading above its usual valuation
2026-10-24P/E 15.4+18%Weak on forward returns (recalculated)
2026-10-26P/E 15.4+18%Weak on forward returns
2026-10-31P/E 15.4+17%Weak on forward returns (recalculated)
2026-11-02P/E 15.4+17%Weak on forward returns ← now

Frequently asked questions

Is BHP Group Limited stock overvalued?

At a current P/E of 15.6 versus its historical normal P/E of 13.1, BHP Group Limited trades about 18% above its typical valuation. tickerseer currently rates it weak on forward returns.

What is BHP Group Limited's fair value and PEG?

BHP Group Limited trades at a current P/E of 15.6 against a historical normal P/E of 13.1, a forward growth estimate of -0.4%. Priced at its historical normal P/E of 13.1 on the same blended earnings, the 2026-11-06 close of $79.89 corresponds to about $67.50 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of BHP Group Limited changed?

tickerseer's rating has not changed since 2026-09-19, but its reason has: it read trading above its usual valuation then and reads weak on forward returns now.

What is the analyst price target for BHP Group Limited?

The mean Wall Street price target for BHP Group Limited is $78.14 across 7 analysts, 2.2% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Mining groups. Create a free account to see the full analysis: the SeerAI score, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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