Upside case
Bull case
$81+68.2%
BAM would need investors to value it at roughly 44x earnings — about 18x more generous than today's 26x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Brookfield Asset Management Ltd. (BAM) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
20
analysts
9 bullish · 2 bearish · 20 covering BAM
Strong Buy
0
Buy
9
Hold
9
Sell
2
Strong Sell
0
Consensus Target
$62
+27.7% vs today
Scenario Range
$36 – $81
Model bear to bull value window
Coverage
20
Published analyst ratings
Valuation Context
26.2x
Forward P/E · Market cap $81.3B
BAM price targets
Three scenarios for where BAM stock could go
Current
~$48
Confidence
50 / 100
Updated
May 1, 2026
Where we are now
Current · $48
Bear
$36
Base
$48
Bull
$81
Market caseClosest to today
Base case
$48-0.8%
This is close to how the market is already pricing BAM — at roughly 26x forward earnings. No dramatic re-rating needed, just steady execution on the core business.
Stress case
Bear case
$36-25.5%
If investor confidence fades or macro conditions deteriorate, a 7x multiple contraction could push BAM down roughly 26% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Brookfield Asset Management Ltd.
BAM · NYSEFinancial ServicesAsset ManagementDecember year-end
Brookfield Asset Management is a global alternative asset manager that invests in and operates real estate, renewable power, infrastructure, and private equity assets. It generates revenue primarily through management fees on its $900+ billion of assets under management and performance fees from its investment funds. Its competitive advantage lies in its scale, operational expertise across diverse asset classes, and ability to deploy large amounts of capital into complex, premier assets that few competitors can handle.
Market Cap
$81.3B
Net Income TTM
$2.6B
BAM Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
58%Exceptional
12 quarters tracked
Revenue Beat Rate
0%Mixed
vs consensus estimates
Avg EPS Surprise
+1.4%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q3 2025
EPS
$0.38/$0.39
Revenue
$1.1B/$1.3B
Q4 2025
EPS
$0.41/$0.40
Revenue
$1.2B/$1.3B
Q1 2026
EPS
$0.47/$0.44
Revenue
$1.4B/$1.5B
Q1 2026
EPS
$0.40/$0.41
Revenue
$1.4B/—
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.38/$0.39 | -2.1% | $1.1B/$1.3B | -14.7% |
| Q4 2025 | $0.41/$0.40 | +1.6% | $1.2B/$1.3B | -7.2% |
| Q1 2026 | $0.47/$0.44 | +6.6% | $1.4B/$1.5B | -4.8% |
| Q1 2026 | $0.40/$0.41 | -2.4% | $1.4B/— | — |
FY1–FY2 Estimates
Revenue Outlook
FY1
$4.6B
+16.2% YoY
FY2
$4.7B
+0.9% YoY
EPS Outlook
FY1
$1.30
-19.0% YoY
FY2
$1.27
-2.0% YoY
Trailing FCF (TTM)$1.9B
Next Earnings
May 8, 2026
Expected EPS
$0.42
Expected Revenue
$1.4B
BAM beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
BAM Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $70.3B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
37.2%
+5.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
UNITED STATES is the largest reported region at 37.2%, up 5.7% YoY.
BAM Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly Undervalued
Fair value est. $54 — implies +13.1% from today's price.
Upside to Fair Value
13.1%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
BAM
37.8x
vs
S&P 500
25.1x
+51% premium
vs Financial Services Trailing P/E
BAM
37.8x
vs
Financial Services
13.3x
+184% premium
vs BAM 5Y Avg P/E
Today
37.8x
vs
5Y Average
38.5x
In line with benchmark
Forward PE
26.2x
S&P 500
19.1x
+37%
Financial Services
10.4x
+152%
5Y Avg
—
—
Trailing PE
37.8x
S&P 500
25.1x
+51%
Financial Services
13.3x
+184%
5Y Avg
38.5x
-2%
PEG Ratio
—
S&P 500
1.72x
—
Financial Services
1.01x
—
5Y Avg
—
—
EV/EBITDA
29.4x
S&P 500
15.2x
+93%
Financial Services
11.4x
+157%
5Y Avg
23.3x
+26%
Price/FCF
129.6x
S&P 500
21.1x
+515%
Financial Services
10.6x
+1129%
5Y Avg
134.0x
-3%
Price/Sales
20.4x
S&P 500
3.1x
+553%
Financial Services
2.2x
+817%
5Y Avg
17.0x
+20%
Dividend Yield
0.78%
S&P 500
1.87%
-59%
Financial Services
2.70%
-71%
5Y Avg
2.81%
-72%
| Metric | BAM | S&P 500 | Financial Services | 5Y Avg BAM |
|---|---|---|---|---|
| Forward PE | 26.2x | 19.1x+37% | 10.4x+152% | — |
| Trailing PE | 37.8x | 25.1x+51% | 13.3x+184% | 38.5x |
| PEG Ratio | — | 1.72x | 1.01x | — |
| EV/EBITDA | 29.4x | 15.2x+93% | 11.4x+157% | 23.3x+26% |
| Price/FCF | 129.6x | 21.1x+515% | 10.6x+1129% | 134.0x |
| Price/Sales | 20.4x | 3.1x+553% | 2.2x+817% | 17.0x+20% |
| Dividend Yield | 0.78% | 1.87% | 2.70% | 2.81% |
BAM trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolBAM Financial Health
Verdict
Exceptional
BAM generates 24.4% ROE and 15.8% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.60
ROE
Return on equity — the primary profitability signal for banks
24.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
71.0%
ROA
Return on assets, trailing twelve months
15.8%
Cash & Equivalents
Liquid assets on the balance sheet
$12M
Net Debt
Total debt minus cash
$207M
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
24.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.8%
Dividend
0.8%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$10M
Dividend / Share
Annualized trailing dividend per share
$0.38
Payout Ratio
Share of earnings distributed as dividends
29.1%
Shares Outstanding
Declining as buybacks retire shares
1.7B
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageBAM Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Market downturns & interest rates
BAM’s real‑asset portfolio is exposed to downturns in property, infrastructure, and credit markets. Rising interest rates can increase borrowing costs, reduce deal financing, and push valuation discounts on assets. A sustained market decline could compress returns and erode fee income.
High Risk
Fee‑bearing capital growth dependence
Revenue and profitability hinge on the firm’s ability to raise and deploy fee‑bearing capital. A slowdown in fundraising or deployment can cut carried interest, reduce multiple compression, and lower net operating income. The firm’s performance is therefore highly sensitive to capital‑raising cycles.
Medium
Corporate structure & contagion risk
BAM’s intricate corporate structure can amplify financial and legal contagion. Distress at one asset level can spread to dependent entities, as seen in past events, potentially leading to cascading losses. This structural complexity increases operational risk.
Medium
Competition & outperformance
The alternative‑asset management sector is highly competitive, with many firms vying for limited fee‑bearing capital. BAM must consistently deliver superior returns to attract and retain investors. Failure to outperform peers could result in capital outflows and lower fee income.
Medium
Shift in fundraising mix
While fundraising remains strong, a larger portion now comes from lower‑fee strategies such as credit and insurance. These strategies typically generate lower fees and less carry upside compared to flagship real‑asset funds. A continued shift could reduce overall fee intensity.
Medium
Uncalled capital & earnings delay
A significant portion of raised capital remains uncalled, delaying the realization of earnings. This lag can compress quarterly results and create volatility in reported income. Investors may see a mismatch between capital commitments and earnings performance.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why BAM Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Record‑Level Fee Earnings & Growing Distributable Income
Brookfield has posted fee‑related earnings at record levels, with distributable earnings rising significantly quarter‑over‑quarter. Management targets substantial annualized growth in distributable earnings, indicating a strong upside trajectory.
Broad Diversification into Decarbonization & AI Infrastructure
The company operates across real estate, credit, renewable power, infrastructure, venture capital, and private equity, providing exposure to secular growth themes such as decarbonization, AI infrastructure, and the global energy transition.
$18B Angel Oak Acquisition Boosts Mortgage Credit Platform
Brookfield acquired a majority stake in Angel Oak, an $18 billion mortgage credit platform, expanding its insurance and operating platforms and generating substantial earnings.
Robust Capital Raising Fuels Stable Fee Base
Fundraising and capital deployment have been strong, with Brookfield closing large flagship funds and securing significant commitments, thereby expanding its base of stable, compounding fees.
Wealth Solutions Float Drives Global Asset Growth
Launched in 2020, the Wealth Solutions segment is growing rapidly, creating an insurance float that can be deployed across the global asset base and serving as a significant future growth engine.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
BAM Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$48.43
52W Range Position
28%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$42.20
+14.8% from the low
52-Week High
$64.10
-24.4% from the high
1 Month
+9.52%
3 Month
-0.47%
YTD
-9.4%
1 Year
-10.2%
3Y CAGR
+14.4%
5Y CAGR
+8.6%
10Y CAGR
+4.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
BAM vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
26.2x
vs 16.7x median
+57% above peer median
Revenue Growth
+16.2%
vs +15.0% median
+8% above peer median
Net Margin
—
vs — median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
BAM BAM Brookfield Asset Management Ltd. | $81.3B | 26.2x | +16.2% | — | Buy | +27.7% |
BX BX Blackstone Inc. | $96.2B | 20.6x | +15.0% | — | Buy | +27.4% |
KKR KKR KKR & Co. Inc. | $90.9B | 16.7x | +4.5% | — | Buy | +40.2% |
APO APO Apollo Global Management, Inc. | $74.0B | 14.7x | -17.3% | — | Buy | +20.7% |
CG CG The Carlyle Group Inc. | $18.5B | 11.9x | +28.2% | — | Buy | +31.3% |
ARE ARES Ares Management Corporation | $40.4B | 20.2x | +17.9% | — | Buy | +44.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
BAM Dividend and Capital Return
BAM returns 0.8% total yield, led by a 0.78% dividend.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
0.8%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
0.78%
Payout Ratio
29.1%
How BAM Splits Its Return
Div 0.78%
Dividend 0.78%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.38
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
-24.3%
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$10M
Estimated Shares Retired
206.5K
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
1.7B
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.50 | — | — | — |
| 2025 | $1.75 | +15.1% | — | — |
| 2024 | $1.52 | +18.8% | 0.0% | 0.7% |
| 2023 | $1.28 | — | 0.5% | 1.3% |
FAQ
7 questionsBAM Investor Questions
Common questions answered from live analyst data and company financials.
01Is Brookfield Asset Management Ltd. (BAM) stock a buy or sell in 2026?
Brookfield Asset Management Ltd. (BAM) is rated Buy by Wall Street analysts as of 2026. Of 20 analysts covering the stock, 9 rate it Buy or Strong Buy, 9 rate it Hold, and 2 rate it Sell or Strong Sell. The consensus 12-month price target is $62, implying +27.7% from the current price of $48. The bear case scenario is $36 and the bull case is $81.
02What is the BAM stock price target for 2026?
The Wall Street consensus price target for BAM is $62 based on 20 analyst estimates. The high-end target is $74 (+52.8% from today), and the low-end target is $52 (+7.4%). The base case model target is $48.
03Is Brookfield Asset Management Ltd. (BAM) stock overvalued in 2026?
BAM trades at 26.2x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Brookfield Asset Management Ltd. (BAM) stock in 2026?
The primary risks for BAM in 2026 are: (1) Market downturns & interest rates — BAM’s real‑asset portfolio is exposed to downturns in property, infrastructure, and credit markets. (2) Fee‑bearing capital growth dependence — Revenue and profitability hinge on the firm’s ability to raise and deploy fee‑bearing capital. (3) Corporate structure & contagion risk — BAM’s intricate corporate structure can amplify financial and legal contagion. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Brookfield Asset Management Ltd.'s revenue and earnings forecast?
Analyst consensus estimates BAM will report consensus revenue of $4.6B (+16.2% year-over-year) and EPS of $1.30 (-19.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $4.7B in revenue.
06When does Brookfield Asset Management Ltd. (BAM) report its next earnings?
Brookfield Asset Management Ltd. is expected to report its next earnings on approximately 2026-05-08. Consensus expects EPS of $0.42 and revenue of $1.4B. Over recent quarters, BAM has beaten EPS estimates 58% of the time.
07How much free cash flow does Brookfield Asset Management Ltd. generate?
Brookfield Asset Management Ltd. (BAM) generated $1.9B in free cash flow over the trailing twelve months. BAM returns capital to shareholders through dividends (0.8% yield) and share repurchases ($10M TTM).