Rio Tinto extracts and processes iron ore, copper, aluminium, and diamonds from mines across Australia, Africa, and North America, then sells these commodities to steelmakers, power utilities, and manufacturers. The company's competitive edge rests on its portfolio of low-cost, long-life assets in politically stable jurisdictions, which allows it to generate cash even when commodity prices fall below peers' breakeven points. Copper demand is accelerating as electrification and grid infrastructure investments drive consumption, while Rio's Oyu Tolgoi mine in Mongolia and expansion projects in Australia position it to capture this growth. At a forward PE of 12.1x against an ROE of 19.3%, the stock trades at a meaningful discount to its cash generation power, and the company returned $8.4 billion to shareholders through buybacks and dividends in 2023 alone. The combination of structural tailwinds in copper, fortress-like balance sheet optionality, and valuation that does not yet price in a sustained higher commodity cycle makes this worth deeper analysis.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
ETFs we cover that hold Rio Tinto Plc Common Stock among their largest holdings, by weight.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 24 Oct 2026, 16:06 CEST | Rating | Undervalued | first publication | $83.42 |
| 24 Oct 2026, 16:06 CEST | Fair value | $102 | $109 | $83.42 |
| 18 Oct 2026, 01:52 CEST | ACCE price target | $97.00 | $97.00 | $90.32 |
| 17 Oct 2026, 00:00 CEST | Fair value | $109 | $112 | $90.21 |
| 12 Oct 2026, 00:00 CEST | Fair value | $112 | $91.74 | $94.78 |
| 9 Oct 2026, 00:00 CEST | Fair value | $91.74 | $95.23 | $93.16 |
| 29 Sept 2026, 00:00 CEST | Fair value | $95.23 | $97.09 | $94.56 |
| 20 Sept 2026, 00:00 CEST | Fair value | $97.09 | $95.17 | $97.37 |
| 18 Sept 2026, 00:00 CEST | Fair value | $95.17 | $97.77 | $95.79 |
| 17 Sept 2026, 00:00 CEST | ACCE price target | $97.00 | first publication | $95.79 |
Answered from Rio Tinto Plc Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| RIO Rio Tinto Plc Common Stock | $83.42 | $102 | 18% below | 11.4x | 19.3% | 80 | 73 |
| RIO.L Rio Tinto | £62.31 | £78 | 20% below | 10.9x | 19.3% | 80 | 73 |
| RIO.AX Rio Tinto (ASX listing) | A$146.27 | A$159 | 8% below | 13.4x | 19.3% | 80 | 69 |
| GMEXICOB.MX Grupo Mexico | MXN 228.20 | MXN 189 | 21% above | 15.2x | 28.4% | 96 | 90 |
| BHP.AX BHP Group | A$55.05 | A$58 | 4% below | 19.3x | 24.0% | 88 | 70 |
| BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | $77.85 | $79 | 1% below | 20.9x | 24.0% | 88 | 68 |
| GLEN.L Glencore | £5.38 | £4 | 27% above | 15.8x | 16.0% | 35 | 59 |
Where RIO ranks against its sector peers on each metric.