Latest Ratios: P/E Ratio -217.2x · EV/EBITDA 11.9x · 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 | $6.4B | $4.4B | $4.5B | $4.4B | $3.8B | $6.7B | — | — | — | — | — |
| Enterprise Value | $39.8B | $37.8B | $37.3B | $34.2B | $28.6B | $27.8B | — | — | — | — | — |
| P/E Ratio → | -217.21 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.98 | 0.68 | 0.77 | 0.88 | 0.81 | 1.64 | — | — | — | — | — |
| P/B Ratio | 0.12 | 0.13 | 0.12 | 0.15 | 0.15 | 0.28 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 4.20 | 2.91 | 3.71 | 2.33 | 2.32 | 9.26 | — | — | — | — | — |
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 | — | 5.80 | 6.34 | 6.79 | 6.06 | 6.79 | — | — | — | — | — |
| EV / EBITDA | 11.92 | 11.33 | 12.05 | 11.79 | 9.43 | 11.67 | — | — | — | — | — |
| EV / EBIT | 45.70 | 14.55 | 20.84 | 15.58 | 20.99 | 29.96 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
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 | 37.91 |
| 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 | 27.6% | 26.3% | 22.4% | 22.8% | 23.0% | 12.6% | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 3.9% | 1.0% | 6.3% | 2.3% | — | — | — | — | — |
| Total Shareholder Yield | 27.6% | 26.3% | 26.3% | 23.8% | 29.3% | 14.8% | — | — | — | — | — |
| Shares Outstanding | — | $287M | $285M | $282M | $275M | $275M | $275M | $220M | $219M | $271M | $235M |
Negative AFFO dividend coverage
Based on reported figures, BEPH trades at a P/B of 0.12, which suggests the market significantly discounts the book value of its massive land holdings, likely due to the persistent negative net income and the lack of a clear, standalone FFO-based valuation framework for investors.
The extreme P/E of -217.21 and the absence of a meaningful P/FFO multiple highlight the difficulty in valuing this entity through traditional REIT lenses. Investors should monitor whether the market's deep discount to book value reflects a lack of confidence in the realizable value of the land bank or simply a reaction to the entity's complex, parent-dependent capital structure.
According to the provided financial data, the company maintains a robust NOI margin that peaked at 58.7% in 2025Q2, yet this property-level profitability fails to translate into positive net income, suggesting that non-operational costs or intercompany charges are effectively neutralizing the gains from development activities.
The divergence between high NOI margins and negative net margins indicates that the entity's profitability is highly sensitive to interest expenses and potential tax-sharing agreements. Analysts should investigate whether the high NOI margins are sustainable or if they are artificially inflated by the capitalization of development costs into inventory.
As reported in quarterly filings, BEPH consistently reports negative AFFO, with a 2026Q1 figure of -$2.68 per share, which indicates that the current dividend yield of 27.6% is being funded entirely through capital reserves rather than recurring cash flow generated from its underlying real estate operations.
The FFO payout ratio, while appearing manageable in some quarters, is rendered misleading by the persistent negative AFFO, which accounts for the heavy maintenance capex required for master-planned communities. This structure suggests that the dividend is not supported by operational performance and warrants extreme caution regarding long-term sustainability.
Based on reported financial statements, the company maintains a remarkably low debt-to-equity ratio of 1.02 as of 2025Q4, which stands in stark contrast to typical real estate developers and suggests that the entity's financing is heavily optimized for parent-level strategic objectives rather than standalone operational leverage.
While the low leverage ratio suggests a fortress balance sheet, the interest coverage ratio of 0.48 in 2026Q1 indicates that the company is struggling to cover its interest obligations from operating income alone. This paradox warrants further investigation into whether the entity is being used as a strategic liquidity vehicle for the broader Brookfield ecosystem.
The most commonly misapplied metric for BEPH is the standard P/E ratio, which is fundamentally distorted by the company's heavy reliance on non-cash depreciation and the capitalization of development costs, thereby obscuring the true economic value of the underlying land bank and its long-term development potential.
Investors should instead focus on Net Asset Value (NAV) and FFO, as the P/E ratio fails to account for the significant value embedded in entitled land that has not yet been recognized as revenue. Relying on P/E in this context leads to a flawed assessment of the company's profitability and ignores the defensive nature of its massive cash reserves.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BEPH stock.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes's current P/E ratio is -217.2x. This places it at the 50th percentile of its historical range.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes's return on equity (ROE) is -0.1%. The historical average is 2.2%.
Based on historical data, Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes is trading at a P/E of -217.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes's current dividend yield is 27.61%.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes has 16.8% gross margin and 13.4% operating margin. Operating margin between 10-20% is typical for established companies.
Brookfield BRP Holdings Canada 4.625% Perpetual Subordinated Notes's Debt/EBITDA ratio is 10.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.