Latest Ratios: P/E Ratio -431.5x · EV/EBITDA 12.7x · ROE -0.1%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.9B | $7.7B | $6.5B | $7.4B | $7.0B | $9.8B | $11.9B | $5.5B | $3.0B | $5.0B | $3.7B |
| Enterprise Value | $42.3B | $41.2B | $39.3B | $37.2B | $31.7B | $30.9B | $29.7B | $16.3B | $13.4B | $15.8B | $13.6B |
| P/E Ratio → | -431.45 | — | — | — | — | — | — | — | 125.55 | — | — |
| P/S Ratio | 1.36 | 1.19 | 1.11 | 1.47 | 1.48 | 2.40 | 3.10 | 1.38 | 0.80 | 1.92 | 1.52 |
| P/B Ratio | 0.24 | 0.22 | 0.18 | 0.25 | 0.27 | 0.41 | 0.54 | 0.30 | 0.18 | 0.35 | 0.29 |
| P/FCF | — | — | — | — | — | — | 13.27 | 5.26 | 3.67 | 8.48 | — |
| P/OCF | 5.86 | 5.10 | 5.36 | 3.91 | 4.25 | 13.53 | 8.69 | 4.41 | 2.89 | 5.24 | 5.95 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.31 | 6.68 | 7.38 | 6.73 | 7.55 | 7.79 | 4.11 | 3.54 | 6.03 | 5.53 |
| EV / EBITDA | 12.68 | 12.33 | 12.70 | 12.83 | 10.47 | 12.97 | 8.07 | 6.97 | 7.23 | 10.57 | 10.46 |
| EV / EBIT | 48.59 | 15.83 | 21.96 | 16.95 | 23.32 | 33.30 | 31.50 | 14.53 | 11.08 | 20.53 | 22.88 |
| EV / FCF | — | — | — | — | — | — | 33.27 | 15.70 | 16.31 | 26.67 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.8% | 16.8% | 56.1% | 61.6% | 69.6% | 66.7% | 66.6% | 68.2% | 66.5% | 62.7% | 57.7% |
| Operating Margin | 13.4% | 13.4% | 18.4% | 20.6% | 30.4% | 21.2% | 60.5% | 27.0% | 18.6% | 27.3% | 21.1% |
| Net Profit Margin | -0.3% | -0.3% | -3.7% | -1.0% | -2.6% | -3.3% | -6.5% | -1.1% | 1.6% | -0.2% | -0.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.1% | -0.1% | -0.7% | -0.2% | -0.5% | -0.6% | -1.3% | -0.2% | 0.4% | -0.0% | -0.2% |
| ROA | -0.0% | -0.0% | -0.3% | -0.1% | -0.2% | -0.3% | -0.6% | -0.1% | 0.2% | -0.0% | -0.1% |
| ROIC | 0.9% | 0.9% | 1.3% | 1.4% | 2.2% | 1.5% | 5.0% | 2.8% | 2.0% | 2.3% | 2.0% |
| ROCE | 1.1% | 1.1% | 1.5% | 1.6% | 2.6% | 1.7% | 5.7% | 3.2% | 2.3% | 2.6% | 2.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 1.02 | 0.98 | 1.03 | 0.98 | 0.92 | 0.85 | 0.61 | 0.62 | 0.82 | 0.80 |
| Debt / EBITDA | 10.70 | 10.70 | 11.61 | 10.66 | 8.50 | 9.22 | 5.02 | 4.75 | 5.77 | 7.85 | 7.85 |
| Net Debt / Equity | — | 0.96 | 0.90 | 0.99 | 0.94 | 0.88 | 0.82 | 0.60 | 0.60 | 0.76 | 0.78 |
| Net Debt / EBITDA | 10.01 | 10.01 | 10.60 | 10.27 | 8.17 | 8.84 | 4.85 | 4.64 | 5.60 | 7.21 | 7.59 |
| Debt / FCF | — | — | — | — | — | — | 20.00 | 10.44 | 12.64 | 18.19 | — |
| Interest Coverage | 1.04 | 1.04 | 0.90 | 1.35 | 1.11 | 0.95 | 0.97 | 1.12 | 1.25 | 1.22 | 0.98 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.57 | 0.57 | 0.61 | 0.57 | 0.85 | 0.90 | 0.61 | 0.88 | 1.16 | 0.66 | 0.52 |
| Quick Ratio | 0.56 | 0.56 | 0.60 | 0.56 | 0.84 | 0.89 | 0.60 | 0.88 | 1.16 | 0.66 | 0.52 |
| Cash Ratio | 0.12 | 0.12 | 0.25 | 0.17 | 0.25 | 0.31 | 0.22 | 0.16 | 0.22 | 0.42 | 0.23 |
| Asset Turnover | — | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 | 0.11 | 0.11 | 0.08 | 0.09 |
| Inventory Turnover | 30.68 | 30.68 | 16.75 | 17.41 | 34.14 | 44.03 | 49.00 | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.9% | 15.0% | 15.5% | 13.6% | 12.6% | 8.6% | 6.8% | 12.8% | 20.2% | 12.2% | 13.9% |
| Payout Ratio | — | — | — | — | — | — | — | — | 1000.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 0.8% | — | — |
| FCF Yield | — | — | — | — | — | — | 7.5% | 19.0% | 27.2% | 11.8% | — |
| Buyback Yield | 0.0% | 0.0% | 2.7% | 0.6% | 3.5% | 1.5% | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 13.9% | 15.0% | 18.2% | 14.2% | 16.1% | 10.1% | 6.8% | 12.8% | 21.8% | 12.2% | 13.9% |
| Shares Outstanding | — | $287M | $285M | $282M | $275M | $275M | $275M | $220M | $219M | $271M | $235M |
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BEP stock.
Brookfield Renewable Partners L.P.'s current P/E ratio is -431.5x. The historical average is 45.1x.
Brookfield Renewable Partners L.P.'s current EV/EBITDA is 12.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Brookfield Renewable Partners L.P.'s return on equity (ROE) is -0.1%. The historical average is 2.2%.
Based on historical data, Brookfield Renewable Partners L.P. is trading at a P/E of -431.5x. Compare with industry peers and growth rates for a complete picture.
Brookfield Renewable Partners L.P.'s current dividend yield is 13.90%.
Brookfield Renewable Partners L.P. has 16.8% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
Brookfield Renewable Partners L.P.'s Debt/EBITDA ratio is 10.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
High project-level leverage
Yield Compression Amidst Valuation Uncertainty
According to recent market data, BEP trades at a dividend yield of 11.5%, which significantly exceeds historical averages and suggests that investors are pricing in substantial risk regarding the sustainability of distributions in a high-interest-rate environment that challenges the partnership's capital-intensive growth model.
The negative TTM P/E ratio reflects the persistent GAAP net losses, rendering traditional earnings-based valuation metrics largely irrelevant for this entity. Investors should monitor the spread between this elevated yield and risk-free alternatives, as the market appears to be discounting the partnership's ability to maintain its distribution growth trajectory without continued reliance on external capital.
Hidden Leverage Risks Masked by Structure
Based on reported financial figures, the partnership maintains a debt-to-capital ratio of approximately 0.51, yet this metric warrants further investigation as it likely excludes significant project-level, non-recourse debt that is characteristic of Brookfield's infrastructure-heavy operating model and essential for understanding true solvency.
The interest coverage ratio, which has fluctuated between 0.48 and 1.65 over the last ten quarters, indicates a precarious ability to service debt obligations from operating cash flow alone. This suggests that the partnership's financial flexibility is highly contingent on its ability to refinance project-level debt or execute successful capital recycling events.
Distribution Sustainability Under Cash Pressure
As reported in quarterly financial statements, the dividend payout ratio has shown extreme volatility, with periods of no reported payout data, which suggests that the partnership's distribution policy is increasingly decoupled from organic operational cash flow and relies heavily on external financing or asset divestitures.
The reliance on capital recycling to fund distributions may indicate a structural mismatch between the partnership's cash-generating capacity and its commitment to unit-holder returns. Investors should monitor the FFO-to-debt metrics, as any sustained deterioration here may force a re-evaluation of the current distribution level.
Misapplication of GAAP Earnings Metrics
The most commonly misapplied ratio for BEP is the P/E ratio, which obscures the partnership's economic reality by failing to account for the massive non-cash depreciation charges inherent in its hydroelectric asset base, as noted in recent financial disclosures.
Using P/E to value this utility leads to a distorted view of profitability, as the depreciation of long-lived assets does not reflect their actual economic value or cash-generating potential. Analysts should instead prioritize Funds From Operations (FFO) or Cash Available for Distribution (CAFD) to better assess the partnership's true underlying performance.