Brown-Forman Corporation (BF-B) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Wineries & Distilleries
EV/EBITDA
↓
8.57
↓-64% vs avg
5yr avg: 23.54
30Y Low9.2·High30.6
P/FCF
↓
18.44
↓-63% vs avg
5yr avg: 50.07
30Y Low16.1·High68.4
P/B Ratio
↓
3.20
↓-65% vs avg
5yr avg: 9.17
30Y Low3.5·High20.6
ROE
↓
23.1%
↑-23% vs avg
5yr avg: 29.9%
30Y Low18%·High62%
Debt/EBITDA
↑
2.29
+8% vs avg
5yr avg: 2.12
30Y Low0.2·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BF-B Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Brown-Forman Corporation trades at 14.7x earnings, 54% below its 5-year average of 32.1x, sitting at the 0th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 25%. On a free-cash-flow basis, the stock trades at 18.4x P/FCF, 63% below the 5-year average of 50.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.9B | $16.5B | $22.8B | $31.3B | $32.4B | $36.7B | $29.9B | $25.7B | $27.1B | $18.5B | $19.7B |
| Enterprise Value | $10.2B | $18.8B | $25.5B | $33.8B | $33.8B | $38.1B | $31.8B | $27.9B | $29.5B | $20.4B | $20.9B |
| P/E Ratio → | 14.66 | 18.93 | 22.26 | 39.93 | 38.76 | 40.57 | 36.16 | 30.80 | 37.86 | 27.64 | 18.44 |
| P/S Ratio | 2.00 | 4.15 | 5.47 | 7.40 | 8.24 | 10.59 | 8.89 | 7.73 | 8.36 | 6.17 | 6.37 |
| P/B Ratio | 3.20 | 4.13 | 6.49 | 9.57 | 11.84 | 13.80 | 15.13 | 15.60 | 20.62 | 13.49 | 12.60 |
| P/FCF | 18.44 | 38.23 | 54.50 | 68.45 | 40.61 | 48.56 | 48.91 | 37.72 | 53.74 | 35.06 | 47.30 |
| P/OCF | 13.29 | 27.55 | 35.29 | 48.87 | 34.63 | 44.88 | 41.27 | 32.11 | 42.94 | 28.92 | 37.55 |
P/E links to full P/E history page with 30-year chart
BF-B EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Brown-Forman Corporation's enterprise value stands at 8.6x EBITDA, 64% below its 5-year average of 23.5x. The Consumer Defensive sector median is 11.4x, placing the stock at a 25% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.72 | 6.10 | 8.00 | 8.60 | 11.00 | 9.46 | 8.39 | 9.07 | 6.83 | 6.77 |
| EV / EBITDA | 8.57 | 15.72 | 16.98 | 28.02 | 26.35 | 30.63 | 27.30 | 22.92 | 26.49 | 19.14 | 13.16 |
| EV / EBIT | 9.25 | 15.60 | 17.89 | 30.55 | 28.27 | 32.77 | 29.16 | 24.67 | 28.19 | 20.61 | 13.63 |
| EV / FCF | — | 43.54 | 60.83 | 74.00 | 42.37 | 50.43 | 52.06 | 40.93 | 58.33 | 38.80 | 50.28 |
BF-B Profitability
Margins and return-on-capital ratios measuring operating efficiency
Brown-Forman Corporation earns an operating margin of 27.8%, significantly above the Consumer Defensive sector average of 1.4%. Operating margins have expanded from 26.7% to 27.8% over the past 3 years, signaling improving operational efficiency. ROE of 23.1% indicates solid capital efficiency, compared to the sector median of 6.8%. ROIC of 13.3% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
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 | 58.9% | 58.9% | 60.5% | 59.0% | 60.8% | 60.5% | 63.2% | 65.2% | 67.8% | 67.5% | 69.4% |
| Operating Margin | 27.8% | 27.8% | 33.8% | 26.7% | 30.6% | 33.7% | 32.4% | 34.4% | 32.3% | 33.7% | 49.6% |
| Net Profit Margin | 21.9% | 21.9% | 24.5% | 18.5% | 21.3% | 26.1% | 24.6% | 25.1% | 22.1% | 22.3% | 34.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 23.1% | 30.2% | 26.1% | 31.1% | 39.0% | 45.7% | 56.4% | 53.4% | 45.6% | 61.6% |
| ROA | 10.7% | 10.7% | 12.8% | 11.1% | 13.0% | 14.7% | 15.2% | 16.5% | 14.9% | 15.2% | 25.5% |
| ROIC | 13.3% | 13.3% | 17.7% | 17.0% | 22.0% | 22.0% | 21.2% | 23.0% | 22.6% | 24.7% | 41.6% |
| ROCE | 16.3% | 16.3% | 21.3% | 18.7% | 22.0% | 22.2% | 23.4% | 26.6% | 26.8% | 28.7% | 46.3% |
BF-B Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Brown-Forman Corporation carries a Debt/EBITDA ratio of 2.3x, which is manageable (33% below the sector average of 3.4x). Net debt stands at $2.3B ($2.7B total debt minus $444M cash). Interest coverage of 9.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.68 | 0.68 | 0.88 | 0.89 | 0.83 | 0.96 | 1.32 | 1.51 | 1.94 | 1.57 | 0.96 |
| Debt / EBITDA | 2.29 | 2.29 | 2.07 | 2.41 | 1.77 | 2.06 | 2.23 | 2.05 | 2.30 | 2.01 | 0.94 |
| Net Debt / Equity | — | 0.57 | 0.75 | 0.78 | 0.51 | 0.53 | 0.98 | 1.33 | 1.76 | 1.44 | 0.79 |
| Net Debt / EBITDA | 1.92 | 1.92 | 1.77 | 2.10 | 1.09 | 1.13 | 1.65 | 1.80 | 2.08 | 1.84 | 0.78 |
| Debt / FCF | — | 5.31 | 6.33 | 5.56 | 1.76 | 1.87 | 3.15 | 3.21 | 4.59 | 3.73 | 2.98 |
| Interest Coverage | 9.07 | 9.07 | 11.13 | 12.52 | 14.68 | 14.40 | 13.30 | 13.00 | 15.41 | 17.12 | 33.33 |
BF-B Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Brown-Forman Corporation's current ratio of 3.88x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.56x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.51x to 3.88x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.88 | 3.88 | 2.59 | 3.51 | 3.65 | 4.27 | 3.71 | 3.87 | 3.11 | 2.42 | 2.82 |
| Quick Ratio | 1.56 | 1.56 | 0.95 | 1.40 | 1.89 | 2.36 | 1.79 | 1.71 | 1.43 | 1.11 | 1.49 |
| Cash Ratio | 0.41 | 0.41 | 0.29 | 0.35 | 0.84 | 1.25 | 0.77 | 0.44 | 0.29 | 0.19 | 0.33 |
| Asset Turnover | — | 0.49 | 0.51 | 0.54 | 0.62 | 0.53 | 0.58 | 0.65 | 0.65 | 0.65 | 0.74 |
| Inventory Turnover | 0.65 | 0.65 | 0.65 | 0.76 | 0.85 | 0.78 | 0.73 | 0.76 | 0.76 | 0.77 | 0.90 |
| Days Sales Outstanding | — | 76.21 | 67.18 | 73.81 | 75.45 | 79.41 | 61.86 | 66.87 | 71.81 | 67.90 | 66.05 |
BF-B Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Brown-Forman Corporation returns 3.3% to shareholders annually primarily through dividends. A payout ratio of 48.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 3.3% | 2.5% | 1.8% | 1.2% | 2.6% | 0.9% | 1.1% | 1.2% | 2.8% | 1.5% | 1.4% |
| Payout Ratio | 48.3% | 48.3% | 39.5% | 48.3% | 99.2% | 37.4% | 39.3% | 37.1% | 107.8% | 41.0% | 24.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 5.3% | 4.5% | 2.5% | 2.6% | 2.5% | 2.8% | 3.2% | 2.6% | 3.6% | 5.4% |
| FCF Yield | 5.4% | 2.6% | 1.8% | 1.5% | 2.5% | 2.1% | 2.0% | 2.7% | 1.9% | 2.9% | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 1.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 3.0% | 5.6% |
| Total Shareholder Yield | 3.3% | 2.5% | 3.5% | 1.2% | 2.6% | 0.9% | 1.1% | 2.0% | 2.9% | 4.5% | 7.0% |
| Shares Outstanding | — | $473M | $477M | $481M | $481M | $481M | $480M | $482M | $484M | $488M | $511M |
Peer Comparison
Compare BF-B with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BF-BYou | $8B | 14.7 | 8.6 | 18.4 | 58.9% | 27.8% | 23.1% | 13.3% | 2.3 |
 DEO | $47B | 19.9 | 11.4 | 17.5 | 60.1% | 21.4% | 18.6% | 9.6% | 4.0 |
 BUD | $141B | 28.7 | 9.6 | 12.6 | 55.3% | 25.9% | 6.5% | 7.5% | 3.4 |
 STZ | $26B | -338.4 | 9.5 | 13.6 | 51.0% | 35.5% | -0.9% | 13.0% | 3.0 |
 BEAM | $3B | -39.9 | — | — | 84.0% | -274.6% | -8.1% | -31.1% | — |
 MGPI | $413M | -3.9 | — | 5.4 | 37.2% | -17.6% | -13.9% | -6.7% | — |
 SAM | $2B | 20.9 | 8.6 | 10.3 | 45.6% | 6.9% | 12.3% | 15.5% | 0.2 |
 TAP | $8B | -3.9 | — | 7.5 | 37.6% | -21.0% | -17.8% | -10.1% | — |
 WVVI | $14M | -4.4 | — | — | — | — | -2.8% | -2.6% | — |
 BG | $24B | 25.6 | 22.8 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
 AVY | $13B | 19.0 | 12.1 | 18.0 | 28.8% | 12.5% | 30.2% | 15.2% | 2.8 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonBF-B — Frequently Asked Questions
Quick answers to the most common questions about buying BF-B stock.
What is Brown-Forman Corporation's P/E ratio?
Brown-Forman Corporation's current P/E ratio is 14.7x. The historical average is 25.1x.
What is Brown-Forman Corporation's EV/EBITDA?
Brown-Forman Corporation's current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.5x.
What is Brown-Forman Corporation's ROE?
Brown-Forman Corporation's return on equity (ROE) is 23.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 30.9%.
Is BF-B stock overvalued?
Based on historical data, Brown-Forman Corporation is trading at a P/E of 14.7x. Compare with industry peers and growth rates for a complete picture.
What is Brown-Forman Corporation's dividend yield?
Brown-Forman Corporation's current dividend yield is 3.29% with a payout ratio of 48.3%.
What are Brown-Forman Corporation's profit margins?
Brown-Forman Corporation has 58.9% gross margin and 27.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Brown-Forman Corporation have?
Brown-Forman Corporation's Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.