Brookfield Corporation (BN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-102.8%

-$1.16

vs $41.80 price

Levered DCF

-$132.92

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.5

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	91.78×	185.32×	64.72×	25.78×	19.76×	-276.13×	17.47×	8.88×
P/B	2.27×	1.89×	1.37×	1.13×	1.62×	1.4×	1.28×	0.99×
P/S	1.43×	1.01×	0.65×	0.53×	0.99×	0.8×	0.66×	0.52×
EV / EBITDA	12.36×	10.5×	9.29×	9.94×	8.29×	13.52×	10.42×	9.17×
Gross margin	38.8%	21.0%	15.1%	15.4%	15.5%	24.5%	22.3%	19.8%
Operating margin	28.6%	20.9%	15.1%	15.2%	15.3%	15.1%	14.9%	14.2%
Net margin	1.7%	0.7%	1.2%	2.2%	5.2%	-0.2%	4.1%	6.3%
Current ratio	1.14×	0.65×	0.51×	0.69×	0.86×	0.85×	0.86×	1.16×
Debt / equity	6.54×	5.11×	5.11×	4.89×	3.8×	4.37×	4.25×	3.97×
Interest coverage	1.27×	1.08×	0.93×	1.32×	1.53×	1.31×	1.4×	1.66×
Dividend yield	0.5%	0.8%	1.0%	2.1%	2.0%	1.8%	1.7%	2.5%
Payout ratio	43.5%	103.4%	53.3%	50.0%	37.5%	-681.2%	27.5%	20.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.7%	1.4%	2.5%	4.7%	8.6%	-0.4%	8.0%	12.0%
Return on invested capital	3.2%	2.6%	2.6%	2.7%	2.7%	1.3%	3.0%	3.3%
Return on assets	0.3%	0.1%	0.2%	0.5%	1.0%	-0.0%	0.9%	1.4%
Free cash flow yield	0.0%	-3.9%	-2.6%	3.0%	1.3%	9.1%	7.5%	10.3%
Earnings yield	1.2%	0.7%	1.8%	4.2%	5.3%	-0.3%	6.2%	12.2%
Enterprise value	$405B	$306.6B	$285B	$249B	$238.2B	$196.8B	$187B	$139.3B
Net debt / EBITDA	9.04×	7.53×	7.25×	7.97×	5.68×	10.08×	7.92×	7.23×
Cash conversion cycle (days)	-197	-47	-41	-37	-40	-68	-37	-2