Brookfield Infrastructure Partners L.P. (BIP) Financial Ratios
19 years of historical data (2007–2025) · Utilities · Diversified Utilities
EV/EBITDA
↓
7.98
-8% vs avg
5yr avg: 8.71
30Y Low7.9·High39.9
P/FCF
↑
N/A
—
5yr avg: 32.73
30Y Low8.4·High39.9
P/B Ratio
↓
0.48
-8% vs avg
5yr avg: 0.52
30Y Low0.3·High26.7
ROE
↓
1.4%
-16% vs avg
5yr avg: 1.6%
30Y Low-0%·High153%
Debt/EBITDA
↓
6.57
↓-1% vs avg
5yr avg: 6.63
30Y Low6.0·High24.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BIP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Brookfield Infrastructure Partners L.P. trades at 37.7x earnings, 79% below its 5-year average of 177.2x, sitting at the 62nd percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a premium of 93%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.1B | $16.0B | $14.7B | $14.5B | $14.2B | $18.0B | $14.6B | $12.8B | $8.6B | $10.7B | $7.4B |
| Enterprise Value | $78.4B | $77.3B | $69.0B | $62.4B | $46.9B | $49.9B | $41.0B | $35.1B | $23.3B | $20.5B | $15.0B |
| P/E Ratio → | 37.69 | 35.45 | 264.92 | 143.14 | 405.63 | 36.85 | 143.17 | 641.33 | 53.05 | — | 26.75 |
| P/S Ratio | 0.74 | 0.69 | 0.70 | 0.81 | 0.98 | 1.56 | 1.64 | 1.94 | 1.85 | 3.01 | 3.48 |
| P/B Ratio | 0.48 | 0.45 | 0.49 | 0.43 | 0.56 | 0.68 | 0.67 | 0.58 | 0.59 | 0.79 | 0.76 |
| P/FCF | — | — | — | — | 39.88 | 25.59 | — | — | — | — | — |
| P/OCF | 2.86 | 2.68 | 3.15 | 3.55 | 4.53 | 6.51 | 5.75 | 5.99 | 6.31 | 7.20 | 9.78 |
P/E links to full P/E history page with 30-year chart
BIP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Brookfield Infrastructure Partners L.P.'s enterprise value stands at 8.0x EBITDA, 8% below its 5-year average of 8.7x. The Utilities sector median is 12.0x, placing the stock at a 33% 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 | — | 3.35 | 3.28 | 3.48 | 3.25 | 4.33 | 4.62 | 5.31 | 5.00 | 5.79 | 7.09 |
| EV / EBITDA | 7.98 | 7.87 | 8.03 | 9.19 | 8.31 | 10.14 | 10.41 | 11.99 | 10.47 | 16.45 | 16.92 |
| EV / EBIT | 13.52 | 11.06 | 13.83 | 14.57 | 13.27 | 10.92 | 18.36 | 20.04 | 13.58 | 18.35 | 16.08 |
| EV / FCF | — | — | — | — | 131.70 | 70.80 | — | — | — | — | — |
BIP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Brookfield Infrastructure Partners L.P. earns an operating margin of 25.1%, above the Utilities sector average of 19.8%. Operating margins have expanded from 22.6% to 25.1% over the past 3 years, signaling improving operational efficiency. ROE of 1.4% is modest, trailing the sector median of 9.3%. ROIC of 4.8% represents below-average returns on invested capital.
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 | 26.9% | 26.9% | 25.5% | 24.9% | 27.2% | 28.5% | 26.3% | 30.1% | 52.5% | 57.3% | 49.7% |
| Operating Margin | 25.1% | 25.1% | 23.6% | 22.6% | 24.1% | 25.0% | — | 25.9% | 30.5% | 16.2% | 20.8% |
| Net Profit Margin | 1.9% | 1.9% | 1.7% | 2.0% | 2.4% | 6.6% | 3.6% | 3.2% | 4.1% | 3.5% | 17.4% |
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 | 1.4% | 1.4% | 1.1% | 1.2% | 1.3% | 3.2% | 1.5% | 1.1% | 1.4% | 1.1% | 4.4% |
| ROA | 0.4% | 0.4% | 0.3% | 0.4% | 0.5% | 1.1% | 0.6% | 0.5% | 0.6% | 0.5% | 1.9% |
| ROIC | 4.8% | 4.8% | 4.5% | 4.3% | 4.5% | 4.1% | — | 3.5% | 4.0% | 2.1% | 2.1% |
| ROCE | 5.3% | 5.3% | 5.4% | 5.3% | 5.4% | 4.8% | — | 4.0% | 4.6% | 2.4% | 2.4% |
BIP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Brookfield Infrastructure Partners L.P. carries a Debt/EBITDA ratio of 6.6x, which is highly leveraged (29% above the sector average of 5.1x). Net debt stands at $61.3B ($64.5B total debt minus $3.2B cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.82 | 1.82 | 1.89 | 1.46 | 1.32 | 1.25 | 1.25 | 1.03 | 1.03 | 0.75 | 0.86 |
| Debt / EBITDA | 6.57 | 6.57 | 6.55 | 7.30 | 6.00 | 6.73 | 6.91 | 7.84 | 6.80 | 8.16 | 9.40 |
| Net Debt / Equity | — | 1.73 | 1.82 | 1.41 | 1.28 | 1.21 | 1.22 | 1.00 | 1.00 | 0.73 | 0.79 |
| Net Debt / EBITDA | 6.24 | 6.24 | 6.32 | 7.06 | 5.79 | 6.48 | 6.72 | 7.60 | 6.60 | 7.89 | 8.60 |
| Debt / FCF | — | — | — | — | 91.83 | 45.21 | — | — | — | — | — |
| Interest Coverage | 1.81 | 1.81 | 1.64 | 1.71 | 2.21 | 3.69 | 1.89 | 1.93 | 3.09 | 2.61 | 2.38 |
BIP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Brookfield Infrastructure Partners L.P.'s current ratio of 2.48x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.68x to 2.48x 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 | 2.48 | 2.48 | 0.88 | 0.68 | 0.80 | 0.57 | 0.67 | 1.07 | 0.94 | 1.15 | 1.08 |
| Quick Ratio | 2.48 | 2.48 | 0.84 | 0.64 | 0.73 | 0.52 | 0.63 | 1.03 | 0.88 | 1.07 | 1.01 |
| Cash Ratio | 2.48 | 2.48 | 0.22 | 0.21 | 0.27 | 0.21 | 0.24 | 0.16 | 0.28 | 0.37 | 0.49 |
| Asset Turnover | — | 0.18 | 0.20 | 0.18 | 0.20 | 0.16 | 0.14 | 0.12 | 0.13 | 0.12 | 0.10 |
| Inventory Turnover | — | — | 34.53 | 26.31 | 19.79 | 20.62 | 29.63 | 19.05 | 15.66 | 13.97 | 10.52 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BIP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Brookfield Infrastructure Partners L.P. returns 11.4% to shareholders annually — split between a 10.3% dividend yield and 1.1% buyback yield. The payout ratio exceeds 100% at 388.2%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.7% (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 | 10.3% | 10.9% | 11.2% | 10.5% | 10.0% | 7.0% | 7.8% | 8.0% | 10.7% | 7.5% | 8.5% |
| Payout Ratio | 388.2% | 388.2% | 468.4% | 413.1% | 415.8% | 164.1% | 350.0% | 486.7% | 478.6% | 640.3% | 170.2% |
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 | 2.7% | 2.8% | 0.4% | 0.7% | 0.2% | 2.7% | 0.7% | 0.2% | 1.9% | — | 3.7% |
| FCF Yield | — | — | — | — | 2.5% | 3.9% | — | — | — | — | — |
| Buyback Yield | 1.1% | 1.2% | 0.0% | 0.1% | 1.7% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Total Shareholder Yield | 11.4% | 12.1% | 11.2% | 10.6% | 11.7% | 7.0% | 7.8% | 8.0% | 10.7% | 7.5% | 8.6% |
| Shares Outstanding | — | $460M | $462M | $459M | $458M | $445M | $442M | $428M | $415M | $397M | $367M |
Peer Comparison
Compare BIP 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 |
|---|---|---|---|---|---|---|---|---|---|
 BIPYou | $17B | 37.7 | 8.0 | — | 26.9% | 25.1% | 1.4% | 4.8% | 6.6 |
 BIPC | $5B | -19.0 | 5.9 | 21.5 | 63.6% | 61.5% | -11.6% | 12.0% | 4.5 |
 AQN | $5B | -3.5 | 12.4 | — | 74.4% | 19.2% | -21.0% | 2.5% | 7.3 |
 TRP | $68B | 27.2 | 16.1 | 44.5 | 50.0% | 44.2% | 9.3% | 5.2% | 6.4 |
 ENB | $118B | 16.8 | 7.4 | 35.7 | — | 16.8% | 17.9% | 6.9% | 0.4 |
 AWK | $25B | 22.1 | 14.6 | — | 43.3% | 36.6% | 10.5% | 5.5% | 5.7 |
 AMT | $84B | 33.3 | 18.3 | 22.1 | 73.7% | 45.8% | 25.3% | 6.9% | 6.5 |
 CCI | $40B | 89.3 | 24.9 | 13.8 | 66.1% | 48.7% | — | 5.5% | 10.7 |
 KMI | $70B | 23.0 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 WMB | $89B | 34.1 | 17.6 | 88.8 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
 ET | $69B | 14.8 | 9.4 | 17.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBIP — Frequently Asked Questions
Quick answers to the most common questions about buying BIP stock.
What is Brookfield Infrastructure Partners L.P.'s P/E ratio?
Brookfield Infrastructure Partners L.P.'s current P/E ratio is 37.7x. The historical average is 51.1x. This places it at the 62th percentile of its historical range.
What is Brookfield Infrastructure Partners L.P.'s EV/EBITDA?
Brookfield Infrastructure Partners L.P.'s current EV/EBITDA is 8.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
What is Brookfield Infrastructure Partners L.P.'s ROE?
Brookfield Infrastructure Partners L.P.'s return on equity (ROE) is 1.4%. The historical average is 10.6%.
Is BIP stock overvalued?
Based on historical data, Brookfield Infrastructure Partners L.P. is trading at a P/E of 37.7x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Brookfield Infrastructure Partners L.P.'s dividend yield?
Brookfield Infrastructure Partners L.P.'s current dividend yield is 10.26% with a payout ratio of 388.2%.
What are Brookfield Infrastructure Partners L.P.'s profit margins?
Brookfield Infrastructure Partners L.P. has 26.9% gross margin and 25.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Brookfield Infrastructure Partners L.P. have?
Brookfield Infrastructure Partners L.P.'s Debt/EBITDA ratio is 6.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.