# Teck Resources Ltd (TECK-B.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$95.59, market value C$46.9 billion.

## Valuation
- **P/E (trailing): 18.8×** (5-yr avg 24.6×, 3-yr avg 36.3×). Teck Resources Ltd trades at 18.8× trailing earnings, well below its own five-year average of 24.6×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 19.2×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.07**. A PEG of 0.07 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.4×**. Each dollar of revenue is priced at 3.4×.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.2×**. Enterprise value is 8.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.7%** (5-yr avg 0.2%). Free cash flow equals 3.7% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Gross margin: 35.5%**. Teck Resources Ltd keeps 35.5% of revenue after the direct cost of what it sells.
- **Operating margin: 28.8%**. 28.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 13.0%**. 13.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.6%**. 5.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.2%**. Return on all capital, debt included, is 8.2%.
- **Return on assets: 5.5%**. Each dollar of assets produces 5.5% of profit.

## Growth
- **Revenue growth (1 yr): 18.7%** (3-yr -14.7%/yr, 5-yr 3.7%/yr). Revenue grew 18.7% over the last year, against 3.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 262.8%** (3-yr -23.0%/yr). Earnings per share rose 262.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.38**. Debt is 0.38 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.7×**. It would take 0.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.2×**. Operating profit covers interest 5.2× over, a safe margin.
- **Current ratio: 2.54** (quick 1.91). Current assets cover the next year's liabilities 2.54 times.
- **Altman Z-score: 2.77**. A Z-score of 2.77 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.52%** (C$0.50 per share, trailing). Teck Resources Ltd yields 0.52%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%** (14% of free cash flow). 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 20.1%/yr** (1-yr -50.0%). The dividend has compounded at 20.1% a year over five years, doubling roughly every 4 years at that pace.
- **Shareholder yield: 0.3%**. Dividends plus net buybacks return 0.3% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (17 analysts). 17 analysts cover Teck Resources Ltd; the consensus is hold, with an average price target of C$88.18 (-8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 112.7%** (YTD 45.9%, 3-mo 11.4%). The shares are up 112.7% over twelve months including dividends.
- **From 52-week high: -4.2%** (81.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 2.16** (volatility 47%). Beta of 2.16 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TECK-B.TO · Page: https://foliofundamentals.com/stocks/teck-b.to

Not investment advice.