Rio Tinto (Rio Tinto) Forward PE Ratio : 13.19 (As of May. 12, 2024)

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What is Rio Tinto Forward PE Ratio?

Rio Tinto's Forward PE Ratio for today is 13.19.

Rio Tinto's PE Ratio without NRI for today is 13.06.

Rio Tinto's PE Ratio for today is 14.14.

Rio Tinto Forward PE Ratio Historical Data

The historical data trend for Rio Tinto's Forward PE 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.

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Rio Tinto Forward PE Ratio Chart

Rio Tinto Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

15.82

12.08

13.85

12.09

12.35

10.92

7.53

10.31

11.99

13.30

Rio Tinto Semi-Annual Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	15.82	22.08	21.79	22.08	12.08	7.54	9.38	12.32	13.85	11.00	11.27	12.36	12.09	10.50	9.75	8.80	12.35	7.79	11.90	9.43	10.92	6.98	6.35	5.03	7.53	8.94	5.16	7.13	10.31	9.93	9.12	11.20	11.99	8.53

Competitive Comparison of Rio Tinto's Forward PE Ratio

For the Other Industrial Metals & Mining subindustry, Rio Tinto's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.

Rio Tinto's Forward PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Rio Tinto's Forward PE Ratio falls into.

Rio Tinto Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Rio Tinto (OTCPK:RTNTF) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Rio Tinto Forward PE Ratio Related Terms

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Rio Tinto (Rio Tinto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto Ltd (OTCPK:RTNTF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

CRA1:Germany RIO:Australia

Address

Level 43, 120 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.