Fortescue Valuation Multiples

Fortescue Overview

About Fortescue

Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 195 million metric tons in 2025 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion to about 210 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2028. However, with longer-term demand likely to decline as China's economy matures, its future margins are likely to be below historical averages. More recently, Fortescue diversified into copper and green energy. It has big ambitions here but its efforts are at an early stage.

Founded

1983

HQ

Employees

16.0K

Website

fortescue.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $16B

EBITDA: $8B

EV

$45B

Valuation Multiples

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Fortescue Financials

Fortescue reported last 12-month revenue of $16B and EBITDA of $8B.

In the same LTM period, Fortescue generated $8B in gross profit, $8B in EBITDA, and $4B in net income.

Fortescue P&L

In the most recent fiscal year, Fortescue reported revenue of $16B and EBITDA of $8B.

Fortescue expects next 12-month revenue of XXX and NTM EBITDA of XXX

Fortescue Stock Performance

Fortescue has current market cap of $44B, and enterprise value of $45B.

Fortescue's stock price is $14.37.

Fortescue Valuation Multiples

Fortescue trades at 2.8x EV/Revenue multiple, and 5.5x EV/EBITDA.

Fortescue Financial Valuation Multiples

As of March 24, 2026, Fortescue has market cap of $44B and EV of $45B.

Equity research analysts estimate Fortescue's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Fortescue has a P/E ratio of 12.3x.

Fortescue Margins & Growth Rates

Fortescue's revenue in the last 12 month declined by (4%).

Fortescue's revenue per employee in the last FY averaged $1.0M.

Fortescue's rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Fortescue's rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Fortescue Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Fortescue M&A Activity

Fortescue acquired XXX companies to date.

Last acquisition by Fortescue was on XXXXXXXX, XXXXX. Fortescue acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Fortescue Investment Activity

Fortescue invested in XXX companies to date.

Fortescue made its latest investment on XXXXXXXX, XXXXX. Fortescue invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).