Brady Corporation (BRC) 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

+22.0%

$104.98

vs $86.07 price

Levered DCF

$102.47

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

7.42

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	21.77×	17.82×	17.55×	14.61×	16.99×	21.96×	21.58×	20.69×
P/B	3.28×	2.82×	3.23×	2.58×	2.79×	2.95×	2.81×	3.2×
P/S	2.68×	2.22×	2.57×	1.92×	1.95×	2.49×	2.24×	2.34×
EV / EBITDA	13.87×	11.85×	11.84×	9.51×	11.26×	14.13×	13.54×	13.03×
Gross margin	51.7%	50.3%	51.3%	49.4%	48.5%	49.0%	48.8%	49.9%
Operating margin	15.9%	15.6%	18.1%	16.9%	14.8%	14.6%	14.0%	14.0%
Net margin	12.4%	12.5%	14.7%	13.1%	11.5%	11.3%	10.4%	11.3%
Current ratio	1.94×	1.88×	2.27×	2.03×	1.95×	1.81×	2.74×	2.37×
Debt / equity	0.06×	0.13×	0.12×	0.08×	0.14×	0.09×	0.05×	0.06×
Interest coverage	36.79×	49.85×	77.87×	63.64×	151.26×	382.44×	69.82×	57.4×
Dividend yield	1.0%	1.4%	1.3%	1.8%	1.8%	1.6%	1.9%	1.6%
Payout ratio	22.5%	24.1%	22.8%	26.0%	30.6%	35.3%	40.7%	34.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.1%	15.9%	18.5%	17.6%	16.5%	13.5%	13.0%	15.4%
Return on invested capital	13.8%	13.3%	15.3%	15.2%	13.4%	11.5%	12.4%	13.4%
Return on assets	11.1%	10.9%	13.0%	12.6%	11.0%	9.4%	9.8%	11.3%
Free cash flow yield	4.3%	4.6%	5.1%	7.4%	3.0%	6.3%	4.7%	4.8%
Earnings yield	4.6%	5.6%	5.7%	6.8%	5.9%	4.6%	4.6%	4.8%
Enterprise value	$4.4B	$3.3B	$3.3B	$2.5B	$2.6B	$2.8B	$2.3B	$2.5B
Net debt / EBITDA	-0.33×	-0.06×	-0.43×	-0.27×	0.07×	-0.32×	-1.02×	-1.2×
Cash conversion cycle (days)	110	102	88	103	111	88	98	84