Teck Resources Limited (TECK-A) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Teck Resources Limited stock C$33.40, price C$89.61, upside -62.7%, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 20, 2026.
How to read this chart
60‑month range C$29.69 – C$101.86 · fair‑value band C$24.92 – C$40.40 · the C$89.61 price screens above the C$33.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 20, 2026.
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Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments.
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The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold.
The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is based in Vancouver, Canada.
Stock analysis
Teck Resources Limited (TECK-A) currently trades at C$89.61, while our model-based Fair Value estimate is C$33.40, 62.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$45.89 per share, and 1 of the 17 models we run sit above the C$89.61 price.
Bear case: the Dividend Discount group reads lowest at C$6.83, and 16 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$24.92 (bear) to C$40.40 (bull), the price of C$89.61 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Teck Resources Limited reported revenue of C$10.8B in FY2025 versus C$13.5B in FY2021, a compound −5.5%/yr. Reported net income was C$1.4B in FY2025, compounding −16.4%/yr from FY2021.
Key figures
Market cap C$44.1B (≈ $31.3B) Large · P/E ratio 20.7 · P/S ratio 3.15 · EPS (TTM) C$3.77 · Dividend yield 0.6% · Net margin 17.9% · Return on equity 8.7% · Return on assets (EBIT) 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −63%, TECK-A screens richer than that median.
Fair Value models
BearC$24.92Fair Value C$33.40BullC$40.40
Price C$89.61 · Upside -62.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$2.63 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+18.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.7%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.3%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.8% vs 8.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 17%
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Merger with Anglo American could enhance copper scale but limited durable advantage and sustained negative free cash flow constrain the business.
Main risk: Delays or conditions from Chinese authorities on the Anglo American merger could prevent unlocking synergies and scale in copper operations.
Teck's proposed merger with Anglo American would create a much larger copper producer at a time when the metal is central to the energy transition. The deal has cleared most regulatory hurdles but still awaits final approval in China, where authorities are seeking commitments on copper concentrate supply. Will the combination unlock meaningful synergies and scale before geopolitical or integration risks slow execution on the existing growth pipeline, or will standalone operations prove more resilient?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Copper · 56 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−62.7% · Below median
Profitability
Return on equity (12 months)8.7% · Below median
Return on assets3.1% · Below median
Net margin (12 months)17.9% · Above median
Operating margin (12 months)43.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)78.2% · Top 25%
Dividend yield (12 months)0.6% · Below median
Balance sheet
Debt / equity0.33× · Above median
Valuation Multiplesvs Copper median · lower = cheaper
P/E (12 months)20.7× · Pricier than median
P/B1.76× · Cheaper than median
P/S (12 months)3.15× · Pricier than median
EV/EBITDA7.2× · Cheaper than median
PEG4.65× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)35· sector 37
HEALTH (low debt)84· sector 92
DIVIDEND (yield)11· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Teck Resources Limited (TECK-A) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of C$33.40 versus a price of C$89.61, about −63% upside (overvalued).
What is the fair value of TECK-A?
Our model-based fair value for Teck Resources Limited is C$33.40 (as of Oct 20, 2026), built from audited fundamentals. The current price: C$89.61.
What is the quality score of TECK-A?
Teck Resources Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Teck Resources Limited (TECK-A)?
Our model-based price target is the fair value of C$33.40 (as of Oct 20, 2026) from 17 valuation models. Cautious scenario C$24.92, optimistic scenario C$40.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Teck Resources Limited stock forecast for 2026?
Our models put fair value at C$33.40, about −63% upside versus a price of C$89.61 (overvalued). Cautious scenario C$24.92, optimistic scenario C$40.40. The calculation is refreshed regularly with new filings.
What is the revenue of Teck Resources Limited (TECK-A)?
Teck Resources Limited reported trailing-twelve-month revenue of about C$14.0B (latest available figure, as of Oct 20, 2026).
Does Teck Resources Limited pay a dividend?
Teck Resources Limited currently shows a dividend yield of 0.56% relative to its recent price (as of Oct 20, 2026).
What is the intrinsic value of Teck Resources Limited (TECK-A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Teck Resources Limited it is C$33.40 per share (as of Oct 20, 2026), against a price of C$89.61. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Teck Resources Limited stock overvalued or undervalued in 2026?
As of Oct 20, 2026, TECK-A trades above its calculated fair value: price C$89.61, fair value C$33.40, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TECK-A?
No. The price is what the market pays today (C$89.61); the fair value is what the company's own numbers justify (C$33.40). For Teck Resources Limited the two are C$56.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Teck Resources Limited worth?
The market values Teck Resources Limited at about C$44.1B (market capitalisation, as of Oct 20, 2026). Per share that is C$89.61; our models calculate a fair value of C$33.40 per share.
What do the bullish and bearish scenarios say about TECK-A?
Our models span a range for Teck Resources Limited: cautious scenario C$24.92, base C$33.40, optimistic C$40.40 per share (as of Oct 20, 2026, price C$89.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TECK-A?
Teck Resources Limited trades at a price-to-earnings ratio of 20.7 (as of Oct 20, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$33.40 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 41.5 (reported for FY2025: 31.7). Other multiples: PEG 4.7, P/B 1.8, P/S 3.1, EV/EBITDA 7.2.
What is the PEG ratio of TECK-A?
The PEG ratio of Teck Resources Limited is 4.65 (P/E divided by earnings growth, as of Oct 20, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Teck Resources Limited (TECK-A)?
Balance-sheet figures for Teck Resources Limited (as of Oct 20, 2026): return on equity 8.7%, debt of 0.33 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is TECK-A from its 52-week high?
Teck Resources Limited trades at C$89.61, about 9% below its 52-week high of C$98.91 and 65% above the low of C$54.44 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of C$33.40 is for.
Which stocks are comparable to Teck Resources Limited?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Jiangxi Copper Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Teck Resources Limited stock attractive at the current price?
The data as of Oct 20, 2026: price C$89.61, calculated fair value C$33.40 (−63%), Quality Score 58/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TECK-A calculated?
We run Teck Resources Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$33.40, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. Teck Resources Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Teck Resources Limited (TECK-A)?
The closing price on Oct 19, 2026 was C$89.61. Our model-based fair value is C$33.40, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Teck Resources Limited right now?
The price sits above even our optimistic bull case (C$40.40). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Teck Resources Limited (TECK-A) come from?
Earnings per share at Teck Resources Limited grew +13.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin +4.9 %, tax rate +0.6 %, residual (interest, one-offs) +1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Teck Resources Limited
How large is the market capitalisation of Teck Resources Limited (TECK-A)?
The market capitalisation of Teck Resources Limited is C$44.1B (≈ $31.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Teck Resources Limited (TECK-A)?
The price-to-sales ratio of Teck Resources Limited is 3.15 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Teck Resources Limited (TECK-A)?
Earnings per share at Teck Resources Limited are C$3.77 (price ÷ EPS = P/E 20.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Teck Resources Limited (TECK-A)?
The dividend yield of Teck Resources Limited is 0.6% (payout 17.4%, on adjusted earnings, reported 13.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Teck Resources Limited (TECK-A)?
The net margin of Teck Resources Limited is 17.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Teck Resources Limited (TECK-A)?
The return on equity (ROE) of Teck Resources Limited is 8.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Teck Resources Limited (TECK-A)?
On an EBIT basis the return on assets of Teck Resources Limited is 7.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Teck Resources Limited (TECK-A)?
The operating margin of Teck Resources Limited is 43.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Teck Resources Limited (TECK-A)?
Revenue at Teck Resources Limited is growing +78.2% versus a year earlier (3y avg −14.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Teck Resources Limited (TECK-A)?
Earnings per share at Teck Resources Limited are growing +324% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Teck Resources Limited (TECK-A) generate?
The free cash flow of Teck Resources Limited is −C$1.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Teck Resources Limited (TECK-A) carry?
The net debt of Teck Resources Limited is C$4.6B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 20, 2026