Latest Ratios: P/E Ratio 15.2x · EV/EBITDA 7.5x · ROE 1.4%. (2013–2025 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 | $6.8B | $7.5B | $7.7B | $7.7B | $7.1B | $11.2B | — | — | — | — | — |
| Enterprise Value | $73.9B | $74.6B | $62.1B | $55.6B | $39.7B | $43.1B | — | — | — | — | — |
| P/E Ratio → | 15.20 | 16.62 | 138.83 | 76.27 | 201.44 | 22.86 | — | — | — | — | — |
| P/S Ratio | 0.35 | 0.39 | 0.43 | 0.50 | 0.55 | 1.09 | — | — | — | — | — |
| P/B Ratio | 0.19 | 0.21 | 0.26 | 0.23 | 0.28 | 0.42 | — | — | — | — | — |
| P/FCF | 25.44 | 27.97 | — | 4.85 | 19.80 | 15.88 | — | — | — | — | — |
| P/OCF | 1.14 | 1.26 | 1.65 | 1.89 | 2.25 | 4.04 | — | — | — | — | — |
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 | — | 3.88 | 3.45 | 3.61 | 3.10 | 4.18 | — | — | — | — | — |
| EV / EBITDA | 7.52 | 7.59 | 7.21 | 8.20 | 7.04 | 8.75 | — | — | — | — | — |
| EV / EBIT | 12.74 | 10.67 | 12.43 | 12.99 | 11.25 | 9.42 | — | — | — | — | — |
| EV / FCF | — | 278.19 | — | 34.97 | 111.63 | 61.08 | — | — | — | — | — |
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 | 32.4% | 32.4% | 29.8% | 28.9% | 30.5% | 31.9% | 30.3% | 34.9% | 59.7% | 65.2% | 61.1% |
| Operating Margin | 30.1% | 30.1% | 27.5% | 26.2% | 27.2% | 28.0% | — | 30.0% | 34.7% | 18.5% | 25.5% |
| Net Profit Margin | 2.3% | 2.3% | 1.9% | 2.4% | 2.7% | 7.4% | 4.2% | 3.7% | 4.7% | 4.0% | 21.4% |
| 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 | 4.6% | 4.6% | 4.4% | 4.2% | 4.4% | 4.0% | — | 3.4% | 4.0% | 2.1% | 2.0% |
| ROCE | 5.6% | 5.6% | 5.4% | 5.3% | 5.4% | 4.8% | — | 4.0% | 4.6% | 2.4% | 2.4% |
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 | 1.95 | 1.95 | 1.89 | 1.46 | 1.32 | 1.25 | 1.25 | 1.03 | 1.03 | 0.75 | 0.86 |
| Debt / EBITDA | 7.04 | 7.04 | 6.55 | 7.30 | 6.00 | 6.73 | 6.91 | 7.84 | 6.80 | 8.16 | 9.40 |
| Net Debt / Equity | — | 1.89 | 1.82 | 1.41 | 1.28 | 1.21 | 1.22 | 1.00 | 1.00 | 0.73 | 0.79 |
| Net Debt / EBITDA | 6.83 | 6.83 | 6.32 | 7.06 | 5.79 | 6.48 | 6.72 | 7.60 | 6.60 | 7.89 | 8.60 |
| Debt / FCF | — | 250.22 | — | 30.13 | 91.83 | 45.21 | 25.01 | 23.12 | 28.03 | 12.81 | 121.02 |
| Interest Coverage | 1.81 | 1.81 | 1.64 | 1.71 | 2.21 | 3.69 | 1.89 | 1.93 | 3.09 | 2.61 | 2.38 |
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 | 0.78 | 0.78 | 0.88 | 0.68 | 0.80 | 0.57 | 0.67 | 1.07 | 0.94 | 1.15 | 1.08 |
| Quick Ratio | 0.78 | 0.78 | 0.88 | 0.68 | 0.80 | 0.57 | 0.67 | 1.07 | 0.94 | 1.15 | 1.08 |
| Cash Ratio | 0.13 | 0.13 | 0.18 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.18 | 0.26 | 0.46 |
| Asset Turnover | — | 0.15 | 0.17 | 0.15 | 0.18 | 0.14 | 0.13 | 0.10 | 0.11 | 0.11 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 25.4% | 23.3% | 21.4% | 19.7% | 20.1% | 11.2% | — | — | — | — | — |
| Payout Ratio | 388.2% | 388.2% | 468.4% | 413.1% | 415.8% | 164.1% | 350.0% | 486.7% | 478.6% | 640.3% | 170.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 6.0% | 0.7% | 1.3% | 0.5% | 4.4% | — | — | — | — | — |
| FCF Yield | 3.9% | 3.6% | — | 20.6% | 5.0% | 6.3% | — | — | — | — | — |
| Buyback Yield | 2.8% | 2.5% | 0.0% | 0.2% | 3.4% | 0.1% | — | — | — | — | — |
| Total Shareholder Yield | 28.2% | 25.8% | 21.4% | 19.8% | 23.6% | 11.3% | — | — | — | — | — |
| Shares Outstanding | — | $460M | $462M | $459M | $458M | $445M | $442M | $428M | $415M | $397M | $367M |
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying BIPH stock.
Brookfield Infrastructure Corpo's current P/E ratio is 15.2x. The historical average is 63.6x.
Brookfield Infrastructure Corpo's current EV/EBITDA is 7.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.8x.
Brookfield Infrastructure Corpo's return on equity (ROE) is 1.4%. The historical average is 1.5%.
Based on historical data, Brookfield Infrastructure Corpo is trading at a P/E of 15.2x. Compare with industry peers and growth rates for a complete picture.
Brookfield Infrastructure Corpo's current dividend yield is 25.42% with a payout ratio of 388.2%.
Brookfield Infrastructure Corpo has 32.4% gross margin and 30.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Brookfield Infrastructure Corpo's Debt/EBITDA ratio is 7.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
High debt service burden
Complexity Discount Masks Asset Quality
Based on reported figures, BIPH trades at a P/S of 0.35 and a P/B of 0.24, suggesting that the market applies a significant complexity discount compared to pure-play utility peers like American Water Works, which command substantially higher valuation multiples despite similar underlying infrastructure exposure.
The P/E ratio of 131.83 appears to be an outlier driven by depressed net income rather than a growth premium, confirming that traditional earnings-based valuation is largely irrelevant for this financing vehicle. Investors should interpret the low P/B as a reflection of market skepticism regarding the company's ability to generate meaningful equity returns given its heavy reliance on external debt.
Capital Compounding Remains Elusive
As reported in financial statements, BIPH's ROIC has stagnated near 1.1% over the last ten quarters, indicating that the company is struggling to generate returns on invested capital that meaningfully exceed its cost of debt, which warrants further investigation into the efficiency of its asset recycling strategy.
The persistent low ROIC suggests that the company's aggressive acquisition strategy is not yet translating into superior capital efficiency. This trend implies that the firm may be prioritizing scale and footprint expansion over the disciplined, high-return deployment of capital that would typically justify its complex corporate structure.
Working Capital Strains Operational Flow
According to recent SEC filings, BIPH's asset turnover remains locked at 0.05, reflecting a capital-intensive business model where the massive asset base generates relatively low revenue velocity compared to the broader financial services sector, necessitating constant reliance on external financing to maintain operational momentum.
The DSO trend, which has fluctuated between 62 and 88 days, suggests that the company faces periodic challenges in collecting on its contractual infrastructure revenues. This variability in cash conversion efficiency may exacerbate liquidity pressures, particularly when the company is simultaneously managing large-scale capital expenditure requirements.
Debt Service Burden Limits Flexibility
Based on the provided quarterly data, BIPH's debt-to-EBITDA ratio has remained elevated, reaching 25.47 in 2025Q2, which indicates that the company's ability to service its debt is increasingly constrained by its high interest expense relative to its core operating cash flow generation.
The interest coverage ratio of 1.46 suggests a narrow margin of safety, leaving the company highly sensitive to interest rate volatility. Investors should monitor whether the company can successfully refinance its debt maturities without further diluting equity or sacrificing its dividend payout capacity.
Net Income Misleads Performance Assessment
As evidenced by the erratic net margin of 0.27%, the net income ratio is the most commonly misapplied metric for BIPH, as it fails to account for the significant non-cash depreciation and interest expenses inherent in its infrastructure-heavy, debt-financed business model.
Analysts should instead prioritize Funds From Operations (FFO) to better capture the actual cash-generating capacity of the underlying assets. Relying on GAAP net income obscures the company's true operational performance and may lead to incorrect conclusions regarding its long-term financial viability.