BHP Group Limited (ASX:BHP) beats 81% of the stocks, lifts 95.0c to close at $A61.21; +95c [+1.6%]
www.buysellsignals.com
BHP Group Limited's (ASX:BHP $A61.21) stock price lifted 95.0c (1.6%) from its previous trading session to close at $A61.21.
Compared with the All Ordinaries Index which rose 60.3 points (0.7%) in the day, the relative price increase was 0.9%.
In the Australian market of 1,347 stocks traded today, the stock has a 6-month relative price strength of 81 indicating it has outperformed 81% of the market. A price rise combined with a high relative strength is a bullish signal.
There were 7,390,000 shares worth $A452.3 million traded today; the volume was 0.8 times the average daily trading volume of 8.8 million shares.
Today's update from Commodities markets - Copper
Copper (NYMEX:HG;$6.66 per pound) increases 0.6%
Copper (NYMEX:HG) has increased 3.85c (or 0.6%) from its last trading day of September 28 to close at $6.66 per pound.($14,683 per Ton).
PV$1000 [10 Years] = US$3,056
Present Value of US$1,000 invested in Copper 10 years ago is now worth US$3,056; this corresponds to a TRS or CAGR of 11.8% per annum [Total Annualized Return of Copper.]
52-Week Price Range: $4.82 per pound - $6.91 per pound
52-Week Price Range: $10,631 per Ton - $15,233 per Ton
BHP GROUP LIMITED (BHP) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Fri, Oct 02, 2026
https://www.bhp.com/
| PRICE & TRADING | |
| Last | $A61.21 |
| 52-Week Price Range | $A38.60 - $A67.31 |
| Ave Daily Volume | 8,781,530 shares |
| Currency | 1.000 $A = 0.691 US Dollars |
| Today's Volume [VI] | 7,390,000 [0.8] |
| VALUATION & EPS | |
| Market Cap | $A311.2 billion [$215 billion] |
| P/E | 21.9 |
| EPS (FY2026) | $1.94 [$A2.80] |
| EPS Growth (FY2026 vs FY2025) | 8.9% |
| Shares Outstanding | 5,084,182,410 |
| Dividend Yield % (TTM) | 3.93% |
| DPS (past 12 months) | $A2.41 or 241c |
| CLASSIFICATION & INDEX | |
| Exchange | ASX |
| BHP in Indices | All Ordinaries [of 387 stocks] |
| Sector | Materials [Rank by MCap 1 of 421 stocks] |
| PERFORMANCE | |
| PV$1000 (1 yr) and TRS | $A1,582 on $A1,000; 58.2% $1,655 on US$1,000; 65.5% |
VI* Volume Index = Number of shares traded today/Average number of shares traded per day.
A year ago the exchange rate was $1 = 1.514$A. $1000 would have bought $A1,514. A year ago the BHP Group Limited share price was $A40.29. $A1,514 would have bought 37.6 BHP Group Limited shares on that day. Those 37.6 shares would be worth $A2,300 at today's share price of $A61.21. At today's exchange rate of $1=1.447$A, this is equivalent to $1,590. Dividends reinvested are worth $A62 on $A1,000 invested ($65 on US$1,000 invested). PV$1000= $1,655.
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
BHP: EXPORT DATA TO EXCEL:
+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2026]:
+ PEER COMPARISON
BHP: OTHER INFORMATION:
+ PRICE VOLUME CHARTS
+ USD vs AUD EXCHANGE RATE CHARTS IN HTML
+ COPPER COMMODITY PRICE CHARTS IN HTML
+ BOARD OF DIRECTORS
INDEX
SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX
SECTION 2 CORPORATE PROFILE
SECTION 3 RECENT NEWS
SECTION 4 COMMODITY BUZZ - COPPER
SECTION 5 TODAY'S BULLISH SIGNALS
SECTION 6 ONGOING BULLISH PARAMETERS
SECTION 7 TODAY'S BEARISH SIGNALS
SECTION 8 ONGOING BEARISH PARAMETERS
Read more...
ANNEXURE
APPENDIX II STOCK IDENTIFIERS
SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX
| Oct 02, 2026 | Last price in AUD | Annual Return of stock, % | Return of All Ordinaries Index, % | Net return Stock minus Index, % |
| 2026 | 61.21 | 57.9 | -4.5 | 62.4 |
| 2025 | 40.29 | -2 | 8.8 | -10.8 |
| 2024 | 41.12 | 6.4 | 17.4 | -11 |
| 2023 | 38.64 | 21.4 | 5.8 | 15.6 |
| 2022 | 31.83 | 16.4 | -11.4 | 27.8 |
Annual return of the stock overperformed return of the Index in each of the past 3 years.
SECTION 2 CORPORATE PROFILE
2.1 Activities
BHP Group Limited is a leading global resources company headquartered in Australia, specializing in the exploration, development, production, and marketing of minerals, metals, and petroleum. Its core business activities encompass the extraction and processing of key commodities, including iron ore, copper, coal, nickel, and potash, with operations spanning multiple continents to meet global demand in sectors like manufacturing, energy, and infrastructure. Among its segments, copper has been the fastest-growing, fueled by rising demand from renewable energy technologies and electric vehicles, positioning BHP as a key player in the transition to a low-carbon economy. The company emphasizes operational excellence, innovation, and sustainable practices to optimize resource efficiency and deliver long-term value to shareholders and communities. It is Australia's largest Materials company by market capitalization.
SECTION 3 RECENT NEWS
3.1 RECENT NEWS
Recent News 1 of 5, Source: HourlyBusinessNews, 325 words
Wed Sep 30, 2026: BHP Group and ANZ Pioneer Cross-Border Payments with Tokenised Deposits
ANZ has successfully completed one of the world's first live corporate treasury transactions using tokenised deposits in collaboration with BHP Group, Swift, and Citi, showcasing the technology's potential to revolutionise cross-border payments. This landmark transaction, executed on 1st October 2026, involved US dollar payments processed seamlessly between Melbourne and New York, marking a significant step in the evolution of financial transactions.
As the first Australian bank to leverage Swift's blockchain ledger, ANZ facilitated the transaction while allowing BHP to utilise its existing banking infrastructure. The integration of tokenised deposits and digital ledger technology operated behind the scenes, minimising customer friction and ensuring a smooth payment process. This initiative highlights how shared ledger technology can enable faster, more efficient cross-border payments, potentially allowing for seven-days-a-week processing.
ANZ's Executive General Manager for Payments Services, Nigel Dobson, commented on the implications of this transaction, stating, "These payments demonstrate how tokenised deposits can move between banks through shared industry infrastructure, supporting more efficient liquidity while remaining completely invisible to customers." This capability is expected to benefit multinational corporations seeking to manage liquidity across time zones and banks with greater efficiency.
BHP Group's Manager for Treasury, Marlon Singh, expressed optimism about the potential for real-time fund transfers across borders. He noted that the pilot project with ANZ and Swift aims to validate whether emerging payments technology can simplify liquidity management. The ability to transact around the clock with increased certainty could significantly enhance operational efficiency for global businesses.
Kanika Thakur, Citi's Head of Services for Japan, Asia North, and Australia, highlighted the transaction as a demonstration of the financial industry's shift towards real-time payments. Suresh Rajalingam, Head of Oceania at Swift, reiterated the importance of interoperability in developing blockchain solutions, stating that this transaction exemplifies how such technologies can enhance transparency and flexibility in cross-border payments. With ANZ's extensive network and capabilities, this collaboration positions both ANZ and BHP Group at the forefront of a transformative era in financial transactions.
Recent News 2 of 5, Source: HourlyBusinessNews, 317 words
Wed Sep 30, 2026: Kobrea Gains Momentum as BHP Approves $4 Million for Copper Exploration
Kobrea Exploration (CSE: KBX) is poised to advance its copper-gold-molybdenum exploration efforts with the recent approval of a US$4 million budget from BHP Group Limited for its Western Malargüe projects in Argentina. The budget, approved by the management committee formed under the alliance between the two companies, will enable Kobrea to drill the El Destino prospect as part of its 2026/2027 work program.
The approved budget, effective from 30th September 2026, represents a significant step forward for Kobrea, as BHP has committed to funding exploration activities during the project's generation phase. Kobrea will act as the operator, with diamond drilling at El Destino serving as the cornerstone of this season's work. The 9,487-hectare project is expected to provide valuable insights into the porphyry system previously identified by historical operators.
Kobrea's exploration efforts will also include induced polarization surveys at both the El Destino and KBX-17 prospects. Additionally, geological mapping, rock chip sampling, and reconnaissance work on new prospects will be undertaken. The comprehensive exploration program will cover a wide area of the 733 square kilometer land package, supporting Kobrea's goal of making significant discoveries in the region.
CEO James Hedalen expressed optimism regarding the approved exploration program, stating, 'The approval of this US$4 million exploration program allows us to move into a comprehensive summer field season across the Western Malargüe Copper Projects.' He emphasized that BHP's funding is crucial for systematically advancing the land package toward potential discoveries.
This budget approval follows an alliance formed in August, where BHP initially paid Kobrea US$3 million and committed a minimum of US$5 million over an initial two-year period. The current budget represents 80% of that minimum commitment. Under the terms of the agreement, BHP can earn up to 75% of each of the four designated projects by investing a minimum of US$40 million over eight years, while Kobrea retains a 25% stake in each project through a joint venture.
Recent News 3 of 5, Source: HourlyBusinessNews, 302 words
Mon Sep 28, 2026: BHP Group Limited Expands Yorkshire Footprint with Allen, West and Foster Acquisition
BHP Group Limited has expanded its presence in Yorkshire by acquiring Allen, West and Foster, a well-regarded accountancy and business advisory firm based in South Yorkshire. This move, announced on the 28th of September 2026, is set to enhance BHP's capacity to serve small and medium-sized enterprises (SMEs) in the region.
The merger is expected to broaden BHP's reach across Yorkshire, allowing the company to tap into new opportunities within the local market. Co-managing partner Lisa Leighton expressed her enthusiasm about the acquisition, stating, "We are delighted to welcome Allen, West and Foster into BHP. They are a highly respected firm with deep roots in South Yorkshire. This merger strengthens our regional presence, creates new opportunities for our people, and brings additional expertise to the clients we serve."
Under the terms of the merger, Allen, West and Foster will retain its operations at its existing Sheffield location. Clients can continue working with the local team they are familiar with, while gaining access to the broader range of services offered by the Sumer Group, which includes audit, tax, advisory, and business support.
Alongside the integration of Allen, West and Foster, BHP Group Limited will be incorporating 18 new professionals into its workforce. This expansion aligns with BHP's strategy of enhancing its client service offerings and providing a wider range of specialist expertise across its network, which now comprises over 3,000 employees in more than 70 offices nationwide.
Stephen Allen, an official at Allen, West and Foster, remarked on the acquisition, saying, "Joining BHP, part of Sumer Group, marks an exciting new chapter for our firm. Our clients will benefit from enhanced service capabilities while maintaining the personal relationships and local knowledge they value. We are proud to join an organisation that shares our commitment to supporting SME businesses and the communities they serve."
Recent News 4 of 5, Source: HourlyBusinessNews, 299 words
Wed Sep 16, 2026: BHP Group Strengthens Port Hedland's Role in Iron Ore Operations
BHP Group Limited is refining its operational strategy at Port Hedland, a critical hub for transporting iron ore from Western Australia to global markets. On 17th September 2026, the company emphasized the importance of this port as the final operating link in its extensive supply chain, which includes mines, processing facilities, rail lines, and port infrastructure.
The performance of Port Hedland is influenced by multiple factors, including equipment availability, shipping schedules, and the safety and training of its workforce. BHP Group's operations are interconnected, meaning that any disruption at one point can impact the entire chain, from mining output to customer delivery. As such, operational planning at BHP Group encompasses the entire network to ensure seamless coordination and efficiency.
At Port Hedland, BHP Group not only manages the loading of iron ore but also coordinates vessel movements and product quality. The port faces challenges from environmental conditions like heat and cyclones, necessitating robust maintenance and operational strategies. The role of employees in maintaining equipment and ensuring safety is paramount, highlighting the need for effective workforce planning and training programs.
The integrated nature of BHP Group's supply chain creates risks related to equipment failure, adverse weather, and labor availability. While enterprise bargaining processes govern employee conditions, the firm stresses that any potential impact on production must be substantiated through formal disclosures. As BHP Group continues to navigate these operational challenges, quarterly reviews will provide insights into production guidance and the overall health of its operations.
Investors and stakeholders are advised to monitor BHP Group's updates closely, particularly regarding operational reviews and maintenance schedules. Changes in throughput or production guidance will be key indicators of the company's performance and operational resilience. Understanding the dynamics at Port Hedland will be essential for assessing BHP Group's future prospects in the iron ore market.
Recent News 5 of 5, Source: HourlyBusinessNews, 319 words
Wed Sep 9, 2026: BHP Group Allocates BRL1.2 Billion for Rio Doce Development
BHP Group Limited has announced a significant allocation of BRL1.2 billion under a new agreement related to the Rio Doce project in Brazil. This financial commitment, unveiled in a press release on 9th September 2026, reflects the company's ongoing strategy to enhance its investment footprint in the region, particularly focusing on sustainable mining practices and community engagement.
As of 2026-09-10 11:20:32.304544, BHP Group continues to navigate the complexities of investing in the mining sector. The latest fiscal year has seen strong results driven by copper production, which has contributed positively to the company's financial health and market position. However, analysts suggest that the current market conditions may warrant a reassessment of investment strategies, especially in light of this substantial new allocation.
BHP Group's commitment to the Rio Doce project aligns with its broader objective of achieving sustainable growth in Brazil's mining sector. The allocation is expected to bolster infrastructure and environmental initiatives, enhancing the company's reputation as a leader in responsible mining practices. Investors are closely monitoring how this move will impact BHP's financial performance in the coming quarters.
The company has recently garnered praise for its generous dividend payouts, attributed to a robust fiscal year bolstered by copper sales. This dual focus on rewarding shareholders while investing in growth projects signifies BHP Group's strategic balance between short-term profitability and long-term sustainability. Financial analysts have noted that while the current copper-driven results are impressive, the new BRL1.2 billion allocation may introduce additional risks and opportunities.
In the context of environmental, social, and governance (ESG) considerations, BHP Group's initiatives under the Rio Doce agreement could enhance its MSCI ESG score, which rates companies on their sustainability practices. This focus on ESG factors is becoming increasingly important for investors looking to mitigate risks associated with mining operations. As BHP Group moves forward with this substantial investment, stakeholders will be keen to see how it shapes the company's future trajectory in Brazil.
SECTION 4 COMMODITY BUZZ - COPPER
4.1 COMMODITY BUZZ - COPPER
http://www.buysellsignals.com/bst/01699102101021026322
SECTION 5 TODAY'S BULLISH SIGNALS
5.1 3-DAY: MODERATE MOMENTUM UP
BHP strengthens 1.0% on average volume 1.005 times average. Compared with the All Ordinaries Index which fell 31.9 points (or 0.4%) in the 3-days, the relative price increase was 1.3%.
Week 40 of 2026: Up 0.8%; BHP Group Limited (BHP) outperformed the All Ordinaries Index in 2 out of 3 days. The price ranged between a high of $A61.21 on Friday Oct 02, 2026 and a low of $A60.26 on Thursday Oct 01, 2026.
| Date | BHP Group Limited | Close [AUD] | Change % | Comment |
| Fri Oct 02, 2026 | Beats 81% of the stocks, lifts 95.0c to close at $A61.21 | 61.21 | 1.6 | Top Rise |
| Thu Oct 01, 2026 | Decreases on slipping relative strength | 60.26 | -0.9 | Steepest Fall; VI*=1.1; RPC=1.0% |
| Wed Sep 30, 2026 | Posts back-to-back gains, inching up 1.7% over 2 days; increases 19.0c to close at $A60.82 | 60.82 | 0.3 | Price/MAP200 above 1 and rising |
[Volume Index (VI); 1 is average]
5.2 Rank in the top 20% by Price Performance in the Australian market
| Description | Value | Rank |
| PV1000 [1 yr] $ | 1,655 | In Top 16% |
| Rel Strength 6 mo | 81 | In Top 20% |
5.3 Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 1.6.
Price/Moving Average Price of 1.11:
- The Price/MAP 200 for BHP Group Limited is 1.11. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 0.98, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A64.0 is higher than the 200-day MAP of $A55.33, a third bullish indicator. The 200-day MAP has increased to $A55.33, a fourth bullish indicator.
Past Quarter:
- In the last three months the stock has hit a new 52-week high thrice.
Relative Strength (6 months) 81 percentile:
- The stock has a 6-month relative strength of 81 in the Australian market of 1,347 stocks which means it is beating 81% of the market.
- A price rise combined with a high relative strength is a bullish signal.
5.4 Other Bullish Signals
- Return on Equity of 23.1% versus sector average of 13.2% and market average of 10.3%.
- Total Liabilities/EBITDA of 2.7 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.
- Return on Assets of 10.7% versus sector average of 7.0% and market average of 1.8%.
- Return on Capital Employed of 23.3% versus sector average of 14.6% and market average of 6.0%.
- Interest cover defined by EBIT/I is 11.9 times. This indicates it is less leveraged.
MCap/Total Assets:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.8. Compared with the rest of the market the stock is undervalued.
- Net profit margin has averaged 20.4% in the last 3 years. This is considered superior and suggests a high margin of safety.
- As per the Du Pont analysis, Return on Equity is high at 23.1%. This is computed as net profit margin of 22.2% times asset turnover [sales/assets] of 0.48 times leverage factor [total assets/shareholders' equity] of 2.2.Also, this has improved from 21.3% last year.
| ROE (%) | Profit Margin (%) | Asset Turnover | Leverage factor | |
| Current Year | 23.1 | 22.2 | 0.48 | 2.2 |
| Previous Year | 21.3 | 21.7 | 0.47 | 2.1 |
Source: Australia Stock Exchange: https://www.asx.com.au/markets/company/BHP, company (BHP Group Limited), Ticker(BHP)
SECTION 6 ONGOING BULLISH PARAMETERS
6.1 Rule of 40
The stock scores a favorable score exceeding 40 when using the Rule of 40 (Revenue Growth plus EBITDA margin). Y.o.y revenue growth of 15%, EBITDA margin is 41.6% and the sum of the two 56.3% needs to exceed 40%.
6.2 Rank in the top 99% by Liquidity in the Australian market
| Description | Value | Rank |
| Ave daily turnover | $A455 million | In top 99% |
6.3 Rank in the top 1% by Size in the Australian market
| Description | Value | Rank |
| Turnover | $A452.3 million | In Top 1% |
| MCap | $215 billion | In Top 1% |
| Annual Revenue | $58.8 billion | In Top 1% |
6.4 Rank in the top 19% by Gearing in the Australian market
| Description | Value | Rank |
| Interest Cover | 11.9 | In Top 19% |
6.5 Past quarter momentum up: BHP Group Limited climbs 5.0% on below average volume 0.8 times average.
| Past month to | High | Low | VWAP | Volume Index * |
| 02 Oct 2026 | 64.58 | 58.97 | 61.48 | 0.9 |
| 02 Sep 2026 | 64.08 | 62.88 | 64.56 | 0.8 |
[*Volume Index of 0.9 means volume for the month was 0.9 times its 12-month average]
[VWAP is defined as the Volume Weighted Average Price; High Low prices and VWAP are shown in AUD]
6.6 Rank in the top 18% by Productivity in the Australian market
| Description | Value | Rank |
| Return on Equity [ROE] % | 23.1 | In Top 13% |
| Return on Capital Employed [ROCE] % | 23.3 | In Top 13% |
| Return on Assets [ROA] % | 10.7 | In Top 18% |
6.7 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,072
| PVAUD1,000 | 3 mo ago | 1 yr ago | 3 yrs ago |
| BHP.ASX | $A1,073 | $A1,582 | $A1,825 |
| Materials sector | $A1,079 | $A1,197 | $A1,454 |
| All Ordinaries Index | $A1,004 | $A958 | $A1,224 |
6.8 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 4.9
3-Year price change of 58.4% for BHP Group Limited outperformed the change of 22.1% in the All Ordinaries Index for a relative price change of 36.3%.
| Price Change % | Quarter | Year | 3 Years |
| BHP Group Limited | 5 | 51.9 | 58.4 |
| Materials sector | 6.7 | 21.6 | 46.4 |
| All Ordinaries Index | -2.1 | -3.1 | 22.1 |
6.9 MCap: 5-Year Increase of $A124 B (67%)
In the past 5 years Market Capitalization has increased by $A124.4 billion (67%) from $A186.8 billion to $A311.2 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years (MCap is ranked in USD).
| Price | MCap (AUD B) | MCap ($ B) | |
| Last | $A61.21 | 311.2 | 215 |
| 1 Year ago | $A40.29 | 212.8 | 140.1 |
| 2 Years ago | $A41.12 | 226.5 | 157 |
| 3 Years ago | $A38.64 | 224.2 | 144 |
| 4 Years ago | $A31.83 | 195.1 | 126.6 |
| 5 Years ago | $A27.34 | 186.8 | 135 |
6.10 Created Market Value [CMV] past 21 yrs of $A190.7 billion
- Market Capitalization has increased by $A236.5 billion from $A74.7 billion to $A311.2 billion in the last 21 years. This increase comprises cumulative retained earnings (RETE) of $A45.8 billion and Created Market Value of $A190.7 billion. The Created Market Value multiple, defined by the change in MCap for every AUD1 of retained earnings is exemplary at $A5.16.
6.11 EPS growth [FY2026 vs FY2025] of 8.9%:
| FY | EPS ($) | Growth % |
| 2026 | 1.94 | 8.9 |
| 2025 | 1.78 | 14.1 |
6.12 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 21.9%
| TSR % | 1 yr | 3 yrs | 5 yrs |
| BHP.ASX | 58.2 | 22 | 25.8 |
6.13 Improved EBIT Margins:
EBIT margin is positive and has increased from 39.3% to 41.6% in the past year.
| FY | EBIT Margins (%) |
| 2026 | 41.6 |
| 2025 | 39.3 |
| 2024 | 32.8 |
| 2023 | 43.6 |
| 2022 | 52.5 |
6.14 Safe Interest Cover and Improving
Interest cover of 11.9 is above a safe benchmark figure of 3. Moreover, it has shown steady improvement in the past two years.
| Years | Interest cover |
| 2026 | 11.89 |
| 2025 | 11.36 |
| 2024 | 8.3 |
| 2023 | 11.39 |
6.15 Low Debt to Equity (%)
The debt to equity ratio of 48.7% is under a safe benchmark figure of 50%. However, it has deteriorated in the past two years.
| Years | Debt to Equity (%) |
| Jun 2026 | 48.72 |
| Jun 2025 | 47.32 |
| Jun 2024 | 43.22 |
| Jun 2023 | 46.87 |
| Jun 2022 | 34.87 |
6.16 Increased VWAP, up 57% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has increased by 57.3% to $A52.41.
Past five years, 12 months ended Oct 02, 2026 (AUD)
| Year | High Price | VWAP | Low Price |
| 2026 | 67.31 | 52.41 | 38.6 |
| 2025 | 42.13 | 37.14 | 31.25 |
| 2024 | 44.4 | 39.16 | 34.28 |
| 2023 | 41.49 | 37.52 | 30.52 |
| 2022 | 41.69 | 33.31 | 26.39 |
6.17 Increased share turnover, up 20% in 5 years
In the past five years, average daily share turnover has increased 20.2% to $A462.7 million. This suggests increased liquidity.
Past five years, 12 months ended Oct 02, 2026 (AUD million)
| Year | Average Daily Turnover |
| 2026 | 462.7 |
| 2025 | 308.6 |
| 2024 | 307.6 |
| 2023 | 314.1 |
| 2022 | 384.9 |
6.18 Satisfies two criteria of Benjamin Graham
-"Total debt less than tangible book value"; total debt of $27.4 billion is less than tangible book value of $54.2 billion.
-"Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings"; there have been 2 declines in earnings in the last 5 years.
6.19 Satisfies 6 out of 9 criteria of Joseph Piotroski [pass mark 5]:
- Positive net income.
- Positive operating cashflow.
- Return on Assets improvement [from 10.2% to 10.7%].
- Good quality of earnings [operating cashflow exceeds net income].
- Improvement in current ratio from 1.5 to 1.9.
- Improvement in asset turnover [growth in revenue of 14.6% exceeded growth in assets of 11.6%].
But does not meet the following 3 criteria of Joseph Piotroski:
- Improvement in long-term debt to total assets.
- Total shares on issue unchanged (or reduction in total shares on issue).
- Improvement in gross margin.
6.20 Year-over-year (%) Change in Dividend:
Final dividend for FY 2026 was $A1.38. The year-on-year change was up 50.0% from 92.0c in the previous year FY 2025.
| Final | FY 2025 | FY 2026 |
| Dividend (AUD Cents) | 92.0 | 138.0 |
Source: Australia Stock Exchange: https://www.asx.com.au/markets/trade-our-cash-market/dividend-search, company (BHP Group Limited), Ticker(BHP)
Source: Australia Stock Exchange: https://www.asx.com.au/markets/company/BHP, company (BHP Group Limited), Ticker(BHP)
SECTION 7 TODAY'S BEARISH SIGNALS
Price/Earnings of 21.9 > Materials sector (of 421 stocks) avg of 20.1:
- The price-to-earnings ratio of 21.9 indicates overvaluation compared with sector average of 20.1.
Earnings Yield
- The earnings yield of 4.6% is below the 10-year bond yield of 4.88%.
7.1 Rank in the bottom 22% by Relative Valuation in the Australian market
| Description | Value | Rank |
| P/E * P/NTA | 87.18 | In Bottom 22% |
| Price/Earnings/Growth | 2.47 | In Bottom 9% |
7.2 Downtrend
Negative MACD:
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 60.85 minus the 26-day EMA of 62.0 is negative, suggesting a bearish signal.
Past Quarter:
The Worst 3 weeks in the past quarter
In the past quarter the steepest fall of 5.5% took place in the week beginning Monday Aug 31, 2026.
| Mon-Fri | Change % | All Ordinaries Index Change % | Vol Ind [1 is avg] |
| Aug 31, 2026-Sep 04, 2026 | -5.5 | -1.1 | 0 |
| Jul 06-10 | -3.7 | -0.5 | 0.7 |
| Aug 10-14 | -2.6 | -1.4 | 0.6 |
Source: Australia Stock Exchange: https://www.asx.com.au/markets/company/BHP, company (BHP Group Limited), Ticker(BHP)
SECTION 8 ONGOING BEARISH PARAMETERS
8.1 Rank in the bottom 18% by Growth in the Australian market
| Description | Value | Rank |
| EPS Growth % | 8.9 | In Bottom 18% |
8.2 P/E/G > 1
The price earnings ratio of 21.9 divided by trailing twelve months eps growth of 8.9% correspon