65/100BBHP Group stock forecast 2027–2031
Analysts' average 12-month price target for BHP Group is 53.67, 32.9% below the current price of 79.93. Their targets range from 31.00 to 95.00.
Of the 3 firms that rated BHP Group in the past 12 months, 1 rate it buy or strong buy, 2 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 31.00 to 95.00, with an average of 53.67.
| Strong buy | 0 | |
| Buy | 1 | |
| Hold | 2 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 95.00 |
| Average target | 53.67 |
| Lowest target | 31.00 |
| Current price | 79.93 |
BHP Group price target history
How analysts rate BHP Group, month by month
1 of 3 firms rate it buy now, against 1 of 5 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
BHP Group analyst upgrades, downgrades and price targets
The latest rating change came on 30 December 2025, when Argus Research upgraded BHP Group from Hold to Buy. The most recent new target came from Argus Research on 27 April 2026: 95.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 27 Apr 2026 | Argus Research | — | 95.00 | — | 79.42 |
| 9 Mar 2026 | Bernstein Bob Brackett | Reiterated · Market Perform | 48.00 | — | 72.89 |
| 30 Dec 2025 | Argus Research | Upgraded · Hold → Buy | — | — | — |
BHP Group EPS and revenue estimates
Analysts expect BHP Group's EPS to grow 9.7% a year until 2029. Over the last 5 years it fell 3.3% a year, and over the last 3 years it fell 8.9%.
Analysts expect BHP Group's revenue to fall 0.1% a year until 2029. Over the last 5 years it grew 0.5% a year, and over the last 3 years it grew 3.0%.
Revenue
EPS
Does BHP Group beat earnings estimates?
On average, analysts' EPS estimate was 14.7% off the result, either way, and their revenue estimate 1.1%, over the last 12 quarters.
- EPS beats
- 16 / 30
- Revenue beats
- 8 / 14
- Average EPS surprise, last 12
- -13.5%
- Since
- March 1994
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| H2 FY2026 | 17 Aug 2026 | 2.67 | 2.76 | +3.4% | 30.21B | 31.16B | +3.1% |
| H1 FY2026 | 16 Feb 2026 | 2.40 | 2.24 | -6.7% | 27.29B | 27.90B | +2.2% |
| H2 FY2025 | 18 Aug 2025 | 2.09 | 2.12 | +1.4% | 26.05B | 25.98B | -0.3% |
| H1 FY2025 | 17 Feb 2025 | 1.98 | 1.74 | -12.1% | 25.05B | 25.18B | +0.5% |
| H2 FY2024 | 26 Aug 2024 | 2.75 | 2.75 | 0.0% | 28.46B | 28.43B | -0.1% |
| H1 FY2024 | 18 Mar 2024 | 2.87 | 0.36 | -87.5% | 27.32B | 27.23B | -0.3% |
| H1 FY2024 | 19 Feb 2024 | 2.61 | 1.34 | -48.7% | 27.14B | 27.23B | +0.3% |
| H1 FY2023 | 20 Feb 2023 | 2.72 | 2.55 | -6.3% | 25.34B | 25.71B | +1.5% |
| H2 FY2022 | 15 Aug 2022 | 4.51 | 4.58 | +1.6% | 35.52B | 35.56B | +0.1% |
| H1 FY2022 | 14 Feb 2022 | 3.42 | 3.30 | -3.5% | 30.68B | 30.53B | -0.5% |
| H2 FY2021 | 17 Aug 2021 | 4.24 | 4.05 | -4.5% | 33.85B | 35.28B | +4.2% |
| H1 FY2021 | 15 Feb 2021 | 2.11 | 2.13 | +0.9% | 25.52B | 25.64B | +0.5% |
BHP Group stock price 2027–2031: scenarios
If BHP Group's earnings keep growing at the 0.7% a year analysts expect to FY2029, it would earn about 5.17 a share in FY2031. At the P/E it has traded at over the last five years (7.0 to 21.5) that is 36.37 to 110.93 a share, or 74.62 at its average P/E of 14.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 4.95 | 34.83 | 71.46 | 106.23 |
| FY2028 | 4.92 | 34.67 | 71.12 | 105.73 |
| FY2029 | 5.10 | 35.90 | 73.65 | 109.49 |
| FY2030 (extrapolated) | 5.13 | 36.13 | 74.13 | 110.21 |
| FY2031 (extrapolated) | 5.17 | 36.37 | 74.62 | 110.93 |
Each year's EPS is the analysts' consensus to FY2029; the years after continue its 0.7% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (7.0, 14.4, 21.5).
Is BHP Group stock undervalued or overvalued?
BHP Group's P/E of 20.5 is near the top of its 5-year range (5.9 to 25.3, median 12.3). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. At the median P/E of its peers (33.6 × EPS of 3.88), BHP Group's fair value is 130.48; the price, 79.93, is 38.7% below it. Its forward P/E, on the consensus for FY2027, is 16.2.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (15.8 and 41.2). The price against its P/E range
- Price to earnings ratio (TTM)
- 20.60
- Five-year median P/E
- 12.31
- Five-year P/E range
- 5.9 – 25.3
- Forward P/E (FY2027)
- 16.16
- PEG ratio
- 31.38
- To the average target
- -32.9%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 195.10146Price 99.09244 | +96.9% | |
| 186.680 | 359.93270Price 186.68450 | +92.8% | |
| 213.670 | 405.66304Price 213.67507 | +89.9% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 42.225 | 79.0244Price 42.23157 | +87.1% | |
| 160.650 | 299.85225Price 160.65375 | +86.6% | |
| 108.445 | 201.41108Price 108.45248 | +85.7% |
Furthest below the fair value on each stock's page, updated every day.