Stocktoria

Fortescue Ltd FMG.AX

AU · Australian Securities Exchange · XASX · stock · Basic Materials · website

Fortescue Ltd statistics & valuation

Market cap$49.9B
P / E17.4×
P / S3.0×
P / B2.5×
Dividend yield5.07%
Net margin17.0%
Return on equity14.1%
Net debt$857.0M
Enterprise value$36.0B
Earnings yield EBIT/EV10.1%
Return on capital18.2%
Graham number -27.8%$11.75

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($11.75); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.60% 31.40% 21.90% 17.00% 2023202420252026
Gross margin (%)
63.60% 63.70% 56.70% 56.40% 2023202420252026
Operating margin (%)
47.20% 46.20% 32.50% 30.50% 2023202420252026
Return on equity (%)
26.70% 29.10% 16.90% 14.10% 2023202420252026
Shares outstanding
3.08B 3.08B 3.08B 3.08B 2023202420252026
Net debt ($)
$1.03B $497.0M $1.11B $857.0M 2023202420252026
Share buybacks ($)
$151.0M $142.0M $163.0M $157.0M 2023202420252026
Return on assets (%)
17.00% 18.90% 11.10% 9.10% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
0.30× 0.28× 0.27× 0.29× 2023202420252026
EPS ($)
$1.56 $1.84 $1.10 $0.93 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fortescue Ltd trades at about 17.5× earnings — near its 10-year norm (10-year range 10.2×–19.9×, median 16.2×).

10.2× 19.9×

Shaded band = 10-year range (10.2×–19.9×); dot = today's 17.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin56.4%56.7%63.7%63.6%
Operating margin30.5%32.5%46.2%47.2%
Net margin17.0%21.9%31.4%28.6%
Return on assets9.1%11.1%18.9%17.0%
Return on equity14.1%16.9%29.1%26.7%
Debt / equity0.25×0.24×0.23×0.25×
Current ratio2.322.432.672.47

Computed from company filings · AU · as of 2026-06-30. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.