Brighthouse Financial, Inc. (BHF) Financial Ratios
12 years of historical data (2014–2025) · Financial Services · Insurance - Life
EV/EBITDA
↑
2.22
↑+43% vs avg
5yr avg: 1.55
30Y Low0.6·High3.4
P/FCF
N/A
—
5yr avg: 5.87
30Y Low1.2·High5.9
P/B Ratio
↑
0.53
-5% vs avg
5yr avg: 0.55
30Y Low0.2·High0.7
ROE
↓
7.3%
-7% vs avg
5yr avg: 7.8%
30Y Low-21%·High36%
Debt/EBITDA
↑
5.04
↑+60% vs avg
5yr avg: 3.16
30Y Low0.6·High5.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BHF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Brighthouse Financial, Inc. trades at 10.9x earnings, 72% above its 5-year average of 6.3x, sitting at the 80th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 20%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $3.7B | $3.0B | $3.5B | $3.8B | $4.4B | $3.5B | $4.4B | $3.6B | $7.0B | — |
| Enterprise Value | $1.4B | $1.5B | $1.1B | $2.8B | $2.8B | $3.1B | $2.8B | $5.9B | $3.4B | $8.8B | — |
| P/E Ratio → | 10.89 | 11.19 | 10.35 | — | 1.00 | 2.82 | — | — | 4.14 | — | — |
| P/S Ratio | 0.58 | 0.60 | 0.68 | 0.88 | 0.57 | 1.22 | 0.42 | 0.70 | 0.41 | 1.03 | — |
| P/B Ratio | 0.53 | 0.54 | 0.59 | 0.70 | 0.67 | 0.27 | 0.19 | 0.27 | 0.25 | 0.48 | — |
| P/FCF | — | — | — | — | — | 5.87 | 3.89 | 2.41 | 1.17 | 3.70 | — |
| P/OCF | — | — | — | — | — | 5.87 | 3.89 | 2.41 | 1.17 | 2.07 | — |
P/E links to full P/E history page with 30-year chart
BHF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Brighthouse Financial, Inc.'s enterprise value stands at 2.2x EBITDA, 43% above its 5-year average of 1.5x. The Financial Services sector median is 11.4x, placing the stock at a 81% 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 | — | 0.24 | 0.24 | 0.71 | 0.42 | 0.85 | 0.34 | 0.93 | 0.39 | 1.28 | — |
| EV / EBITDA | 2.22 | 2.35 | 1.86 | — | 0.58 | 1.41 | — | — | 3.38 | — | — |
| EV / EBIT | 2.93 | 2.35 | 1.86 | — | 0.58 | 1.41 | — | — | 2.96 | — | — |
| EV / FCF | — | — | — | — | — | 4.10 | 3.13 | 3.23 | 1.11 | 4.62 | — |
BHF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Brighthouse Financial, Inc. earns an operating margin of 7.6%, below the Financial Services sector average of 20.3%. Operating margins have expanded from -37.3% to 7.6% over the past 3 years, signaling improving operational efficiency. ROE of 7.3% is modest, trailing the sector median of 9.0%. ROIC of 9.2% represents adequate 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 | 70.9% | 70.9% | 46.1% | 8.5% | 99.2% | 85.6% | 8.4% | 19.2% | 37.7% | 27.3% | -77.8% |
| Operating Margin | 7.6% | 7.6% | 9.7% | -37.3% | 71.4% | 56.0% | -17.2% | -16.6% | 11.4% | -9.0% | -153.8% |
| Net Profit Margin | 7.0% | 7.0% | 8.9% | -28.2% | 58.5% | 45.8% | -12.8% | -11.7% | 10.0% | -5.5% | -96.1% |
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 | 7.3% | 7.3% | 7.7% | -21.0% | 35.6% | 9.6% | -6.2% | -4.8% | 6.0% | -2.6% | -18.5% |
| ROA | 0.2% | 0.2% | 0.2% | -0.5% | 1.6% | 0.6% | -0.4% | -0.3% | 0.4% | -0.2% | -1.3% |
| ROIC | 9.2% | 9.2% | 8.5% | -24.7% | 36.3% | 9.3% | -6.1% | -4.9% | 4.8% | -3.0% | -20.5% |
| ROCE | 0.2% | 0.2% | 0.2% | -0.6% | 2.9% | 0.8% | -0.6% | -0.5% | 0.5% | -0.3% | -2.1% |
BHF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Brighthouse Financial, Inc. carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (18% above the sector average of 4.3x). The company holds a net cash position — cash of $5.4B exceeds total debt of $3.2B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 4.1x 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 | 0.46 | 0.46 | 0.63 | 0.63 | 0.56 | 0.19 | 0.19 | 0.27 | 0.27 | 0.25 | 0.32 |
| Debt / EBITDA | 5.04 | 5.04 | 5.50 | — | 0.65 | 1.45 | — | — | 3.94 | — | — |
| Net Debt / Equity | — | -0.33 | -0.38 | -0.14 | -0.17 | -0.08 | -0.04 | 0.09 | -0.01 | 0.12 | -0.04 |
| Net Debt / EBITDA | -3.57 | -3.57 | -3.29 | — | -0.20 | -0.61 | — | — | -0.18 | — | — |
| Debt / FCF | — | — | — | — | — | -1.77 | -0.76 | 0.81 | -0.06 | 0.92 | -0.10 |
| Interest Coverage | 4.12 | 4.12 | 3.78 | -8.63 | 31.93 | 13.33 | -6.71 | -4.51 | 7.26 | -3.02 | -25.89 |
Net cash position: cash ($5.4B) exceeds total debt ($3.2B)
BHF Liquidity & Efficiency
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 | — | — | — | — | 3.10 | — | — | — | — | — | — |
| Quick Ratio | — | — | — | — | 3.10 | — | — | — | — | — | — |
| Cash Ratio | — | — | — | — | 0.05 | — | — | — | — | — | — |
| Asset Turnover | — | 0.03 | 0.02 | 0.02 | 0.03 | 0.01 | 0.03 | 0.03 | 0.04 | 0.03 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BHF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Brighthouse Financial, Inc. returns 5.6% to shareholders annually — split between a 2.8% dividend yield and 2.8% buyback yield. The earnings yield of 9.2% (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 | 2.8% | 2.8% | 3.4% | 2.9% | 2.8% | 2.0% | 1.3% | 0.5% | — | 25.6% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 9.2% | 8.9% | 9.7% | — | 100.1% | 35.5% | — | — | 24.1% | — | — |
| FCF Yield | — | — | — | — | — | 17.1% | 25.7% | 41.4% | 85.5% | 27.1% | — |
| Buyback Yield | 2.8% | 2.8% | 8.4% | 7.2% | 12.9% | 11.4% | 13.7% | 10.0% | 2.9% | 9.5% | — |
| Total Shareholder Yield | 5.6% | 5.5% | 11.9% | 10.1% | 15.7% | 13.4% | 15.0% | 10.5% | 2.9% | 35.1% | — |
| Shares Outstanding | — | $57M | $62M | $66M | $74M | $84M | $95M | $113M | $118M | $120M | $123M |
Peer Comparison
Compare BHF 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 |
|---|---|---|---|---|---|---|---|---|---|
 BHFYou | $4B | 10.9 | 2.2 | — | 70.9% | 7.6% | 7.3% | 9.2% | 5.0 |
 LNC | $7B | 6.5 | 2.6 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 PFG | $24B | 21.2 | 14.3 | 5.4 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 EQH | $13B | -9.3 | — | 18.7 | 79.1% | -10.2% | -51.5% | — | — |
 PRU | $38B | 10.6 | 8.3 | 6.0 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 MET | $57B | 18.2 | 9.7 | 3.2 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 GL | $13B | 12.2 | 10.0 | 10.8 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 FG | $4B | 14.5 | 4.5 | 0.8 | 30.8% | 5.6% | 5.9% | 5.0% | 2.3 |
 RGA | $14B | 11.8 | 9.6 | 3.3 | 25.4% | 6.8% | 9.7% | 8.3% | 3.6 |
 AFL | $60B | 17.1 | 11.3 | 23.5 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
 CNO | $5B | 21.9 | 15.1 | 7.1 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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BHF — Frequently Asked Questions
Quick answers to the most common questions about buying BHF stock.
What is Brighthouse Financial, Inc.'s P/E ratio?
Brighthouse Financial, Inc.'s current P/E ratio is 10.9x. The historical average is 5.9x. This places it at the 80th percentile of its historical range.
What is Brighthouse Financial, Inc.'s EV/EBITDA?
Brighthouse Financial, Inc.'s current EV/EBITDA is 2.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.9x.
What is Brighthouse Financial, Inc.'s ROE?
Brighthouse Financial, Inc.'s return on equity (ROE) is 7.3%. The historical average is 2.2%.
Is BHF stock overvalued?
Based on historical data, Brighthouse Financial, Inc. is trading at a P/E of 10.9x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Brighthouse Financial, Inc.'s dividend yield?
Brighthouse Financial, Inc.'s current dividend yield is 2.83%.
What are Brighthouse Financial, Inc.'s profit margins?
Brighthouse Financial, Inc. has 70.9% gross margin and 7.6% operating margin.
How much debt does Brighthouse Financial, Inc. have?
Brighthouse Financial, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.