• If you are wondering whether Teck Resources at about $68.99 is offering good value right now, you are not alone. Many investors are asking the same question.

• The stock has moved by 4.5% over the past week, 14.4% over the last 30 days, 4.5% year to date, 14.7% over 1 year, and 28.2% over 3 years, with a very large 5 year return that suggests the share price has already travelled a long way.

• Recent news around Teck Resources has focused on the business as a key Canadian materials name and ongoing interest in companies tied to commodities and resources. This context helps explain why investors are watching the share price moves closely and reassessing what a reasonable valuation might look like.

• Right now, Teck Resources scores 1 out of 6 on our valuation checks. This suggests there is more to unpack when you compare different methods like DCF, multiples, and peer comparisons, and we will also look at an even better way to frame valuation by the end of this article.

Teck Resources scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Teck Resources Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow model takes estimates of the cash a company may generate in the future and discounts those amounts back to today to arrive at an estimate of what the business could be worth per share right now.

For Teck Resources, the model used is a 2 Stage Free Cash Flow to Equity approach. On a last twelve month basis, the company reported free cash flow of CA$2.49b in the form of an outflow. From there, analysts supply several years of forecasts and Simply Wall St extends those projections, with estimated free cash flow reaching CA$2.10b in 2030. The intermediate years in between are built up from a mix of analyst inputs and extrapolated figures, all in CA$ terms.

When those projected cash flows are discounted back to today, the DCF model suggests an estimated intrinsic value of CA$67.92 per share, compared with the current share price of about CA$68.99. That implies Teck Resources is around 1.6% overvalued, which sits well within a normal margin of error for this kind of model.

Result: ABOUT RIGHT

Teck Resources is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment’s notice. Track the value in your watchlist or portfolio and be alerted on when to act.

TECK.B Discounted Cash Flow as at Jan 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Teck Resources.

Approach 2: Teck Resources Price vs Earnings

For profitable companies, the P/E ratio is often a useful way to think about value because it links what you pay directly to the earnings the business is producing right now. A higher or lower P/E can make sense depending on what investors expect for future growth and how much risk they see in those earnings.

Teck Resources currently trades on a P/E of 27.12x. That sits below the peer group average of 28.23x but above the broader Metals and Mining industry average of 22.78x, so the market is putting a relatively higher price on its earnings than the sector overall, but not as high as some closer peers.

Simply Wall St’s Fair Ratio for Teck Resources is 18.00x. This is a proprietary estimate of what a “normal” P/E might look like for the company once you adjust for factors such as its earnings growth profile, profit margins, size, industry and key risks. Because it pulls these elements together in one number, it can be more tailored than a simple comparison to peers or the industry average.

With the actual P/E of 27.12x above the Fair Ratio of 18.00x, the shares currently appear expensive on this metric.

Result: OVERVALUED

TSX:TECK.B P/E Ratio as at Jan 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1444 companies where insiders are betting big on explosive growth.

Upgrade Your Decision Making: Choose your Teck Resources Narrative

Earlier we mentioned that there is an even better way to understand valuation. Let us introduce Narratives, which let you set out your own story for Teck Resources by linking assumptions about future revenue, earnings and margins to a forecast. That forecast is then turned into a fair value, which you can compare with today’s share price on Simply Wall St’s Community page. On that page, millions of investors can publish their views, see how those Narratives update when fresh news or earnings arrive, and compare very different perspectives. For example, one investor may see Teck Resources as worth CA$68.00 based on stronger copper driven growth, while another may see fair value closer to CA$47.00 because of project, regulatory and commodity price risks. Investors can then use those different fair values to help decide whether the current market price looks high, low or roughly in line with their own expectations.

Do you think there’s more to the story for Teck Resources? Head over to our Community to see what others are saying!

TSX:TECK.B 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TECK-B.TO.

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