Latest Ratios: P/E Ratio -227.0x · 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 | $6.3B | $4.7B | $4.8B | $4.6B | $4.0B | $7.2B | — | — | — | — | — |
| Enterprise Value | $39.7B | $38.1B | $37.5B | $34.4B | $28.7B | $28.3B | — | — | — | — | — |
| P/E Ratio → | -227.00 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.97 | 0.71 | 0.81 | 0.91 | 0.84 | 1.76 | — | — | — | — | — |
| P/B Ratio | 0.13 | 0.13 | 0.13 | 0.15 | 0.15 | 0.30 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 4.16 | 3.06 | 3.92 | 2.41 | 2.41 | 9.93 | — | — | — | — | — |
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 | — | 5.84 | 6.38 | 6.82 | 6.09 | 6.91 | — | — | — | — | — |
| EV / EBITDA | 11.90 | 11.40 | 12.13 | 11.85 | 9.48 | 11.87 | — | — | — | — | — |
| EV / EBIT | 45.63 | 14.65 | 20.98 | 15.65 | 21.10 | 30.48 | — | — | — | — | — |
| 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 | 26.4% | 24.9% | 21.3% | 22.0% | 22.2% | 11.7% | — | — | — | — | — |
| 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% | 3.6% | 1.0% | 6.1% | 2.1% | — | — | — | — | — |
| Total Shareholder Yield | 26.4% | 24.9% | 24.9% | 23.0% | 28.3% | 13.8% | — | — | — | — | — |
| Shares Outstanding | — | $287M | $285M | $282M | $275M | $275M | $275M | $220M | $219M | $271M | $235M |
Project-level financing opacity
Based on reported figures, the company's P/FFO multiple of 116.59x in 2026Q1 suggests a significant premium that appears difficult to justify given the persistent negative AFFO and the volatility in FFO per share, which dropped from 3.65 in 2025Q4 to 1.41 in the most recent quarter.
The elevated P/FFO multiple warrants further investigation, as it may reflect market expectations for future development completions rather than current cash-generating capacity. Investors should monitor whether this valuation premium is sustainable if the company continues to struggle with converting development activity into consistent, positive AFFO.
As reported in financial statements, the company's NOI margin experienced extreme fluctuations, collapsing from 58.7% in 2025Q2 to 7.1% by 2025Q4, which suggests that the underlying property portfolio is highly sensitive to development timing and potentially rising operational costs within the current US real estate environment.
This margin compression indicates that the company's profitability is not yet stabilized, likely due to the lumpy nature of development exits. The inability to maintain high NOI margins suggests that the company may be facing significant inflationary pressures or lease-up challenges that could continue to weigh on bottom-line performance.
According to recent SEC filings, the FFO payout ratio reached 72.7% in 2026Q1, which, when combined with consistently negative AFFO, suggests that the current dividend yield of 6.9% may be funded by capital recycling or debt rather than recurring cash flow from the property portfolio.
The reliance on FFO to cover dividends while AFFO remains deeply negative is a red flag for long-term sustainability. Investors should monitor the company's ability to generate positive free cash flow, as the current payout structure appears to be eroding the capital base rather than distributing excess earnings.
Based on reported figures, the company maintains a debt-to-equity ratio of 1.04 as of 2026Q1, yet this figure appears to mask significant project-level, non-recourse debt that is not fully captured on the consolidated balance sheet, as evidenced by the persistent interest-heavy profile and negative net income.
The discrepancy between the reported leverage and the company's interest coverage ratio of 0.48 suggests that the true debt burden may be substantially higher than the headline D/E ratio implies. This warrants further investigation into the off-balance-sheet financing arrangements that may be supporting the company's large-scale development pipeline.
The market's reliance on the P/E ratio for this REIT is fundamentally flawed, as it fails to account for the significant non-cash depreciation charges that distort net income, thereby obscuring the company's true cash-generating ability and its reliance on capital-intensive development strategies.
Investors should instead focus on P/FFO or P/AFFO, which provide a more accurate reflection of the company's recurring cash flow potential. Using P/E in this context leads to a misleading valuation, as it ignores the capital-intensive nature of the business and the necessity of adjusting for non-cash items.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying BEPI stock.
Brookfield BRP Holdings Canada 4.875% Perpetual Subordinated Notes's current P/E ratio is -227.0x. This places it at the 50th percentile of its historical range.
Brookfield BRP Holdings Canada 4.875% 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 4.875% 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 4.875% Perpetual Subordinated Notes is trading at a P/E of -227.0x. 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 4.875% Perpetual Subordinated Notes's current dividend yield is 26.42%.
Brookfield BRP Holdings Canada 4.875% 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 4.875% Perpetual Subordinated Notes's Debt/EBITDA ratio is 10.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.