Guide: Australian Stocks (2026): Iron Ore, Lithium, Gold and LNG on the ASX by Valuation
Related guides: The Cheapest Coal Stocks (2026) · The Cheapest Metals & Mining Stocks (2026) · Gold Mining Stocks
| Year | Strat | ASX 200 | Δ |
|---|---|---|---|
| 2026* | +17.5% | +6.2% | +11.3% |
| 2025 | +15.5% | +5.7% | +9.8% |
| 2024 | -10.8% | +8.2% | -19.0% |
| 2023 | +1.7% | +7.7% | -6.0% |
| 2022 | +79.9% | -5.7% | +85.6% |
| 2021 | +7.7% | +12.5% | -4.8% |
| 2020 | +0.0% | -1.7% | +1.7% |
| 2019* | +0.0% | +22.0% | -22.0% |
Sectors: Gold mining (4) · Coal mining (3)
Rows are ordered partly by extraction health (share of stable periods). Hover a row for OK / partial / error counts.
| Company | Country | Sector | Value / upside | Div. % | FCF Yield LTM | Δ revenue (NII for banks) | Δ EBITDA (assets for financials) | EV/EBITDA LTM | P/E LTM | P/B FY | ROE (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mineral Resources AU_MIN | AU | Iron / lithium / services | +34% ▼ | — | 1.7% | 33.3% ▼ | -38.2% | 8.6x | 32.2x | 3.5x | 25.2% |
| Regis Resources AU_RRL | AU | Gold mining | +5% ▲ | 2.4% | 10.1% | 40.0% ▲ | 71.9% | 5.9x | 13.2x | 4.0x | 36.7% |
| Northern Star Resources AU_NST | AU | Gold mining | +5% ▲ | 2.3% | -0.3% | 19.0% ▲ | 32.5% | 9.0x | 22.1x | 2.3x | 9.5% |
| Pilbara Minerals AU_PLS | AU | Lithium | -0% ▲ | — | -1.4% | 46.6% ▲ | 399.7% | 39.3x | — | 4.4x | 1.8% |
| Lynas Rare Earths AU_LYC | AU | Rare earths | -2% ▲ | — | 3.1% | 62.7% ▲ | 582.5% | 77.2x | 184.1x | 6.4x | 5.6% |
| IGO Ltd AU_IGO | AU | Nickel & lithium | -3% ▼ | — | 0.8% | -31.7% ▼ | — | — | — | 3.0x | -3.3% |
| Sandfire Resources AU_SFR | AU | Copper mining | -18% ▲ | — | 4.1% | 17.3% ▲ | 17.2% | 11.8x | 50.8x | 3.9x | 10.6% |
| Woodside Energy AU_WDS | AU | Oil & LNG | -20% ▲ | 4.9% | -6.8% | -11.1% ▲ | -12.6% | 5.3x | 16.8x | 1.3x | 7.8% |
| Whitehaven Coal AU_WHC | AU | Coal mining | -25% ▼ | 1.3% | -0.4% | 21.6% ▼ | 114.5% | 2.6x | 16.1x | 1.0x | 10.7% |
| Evolution Mining AU_EVN | AU | Gold mining | -26% ▼ | 2.1% | 4.8% | 19.2% ▼ | 29.8% | 9.8x | 20.8x | 5.3x | 24.3% |
| Santos AU_STO | AU | Oil & gas | -37% | 4.1% | -3.8% | 1.6% | -17.6% | 9.0x | 26.4x | 1.2x | 4.5% |
| Fortescue AU_FMG | AU | Iron ore | -54% ▼ | 6.9% | 2.7% | 10.5% ▼ | 21.3% | 4.7x | 10.4x | 1.9x | 18.8% |
| Yancoal Australia AU_YAL | AU | Coal mining | -55% ▼ | 3.2% | 3.9% | 11.8% ▼ | -13.9% | 3.2x | 25.8x | 0.8x | 0.4% |
| New Hope AU_NHC | AU | Coal mining | -62% ▲ | 4.3% | 2.6% | -20.1% ▲ | -53.5% | 9.8x | 31.7x | 1.8x | 4.2% |
| South32 AU_S32 | AU | Diversified mining | — | 1.9% | 0.6% | -2.6% ▲ | -5.4% | 10.6x | 49.6x | 1.8x | 10.3% |
Issuers below have weak extraction, thin market data, missing valuation inputs, or extreme headline YoY/ROE. Hover the row for the checklist.
| Company | Country | Sector | Value / upside | Div. % | FCF Yield LTM | Δ revenue (NII for banks) | Δ EBITDA (assets for financials) | EV/EBITDA LTM | P/E LTM | P/B FY | ROE (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Genesis Minerals AU_GMD | AU | Gold mining | +0% | — | 1.1% | 142.2% | 172.4% | 12.8x | 23.5x | 7.5x | 34.4% |