Using the industry peer median P/E Multiples multiple (trailing + forward), Brookfield Corporation (BN) has a fair value of $31.29 based on 10 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Brookfield CorporationBN | 111,438 | 94.2x | 19.7x |
| BlackRock, Inc. | 168,545 | 30.6x | 23.0x |
| Blackstone Inc. | 148,680 | 31.9x | 23.1x |
| KKR & Co. Inc. | 91,402 | 43.8x | 20.8x |
| Brookfield Asset Management Ltd. | 81,514 | 32.1x | 30.5x |
| Apollo Global Management, Inc. | 76,792 | 18.3x | 16.8x |
| Ares Management Corporation | 41,462 | 64.4x | 25.2x |
| T. Rowe Price Group, Inc. | 22,196 | 11.2x | 10.6x |
| The Carlyle Group Inc. | 18,286 | 23.2x | 12.6x |
| Blue Owl Capital Inc. | 16,508 | 88.0x | 12.9x |
| Franklin Resources, Inc. | 16,135 | 34.1x | 14.6x |
| Industry Median | 32.0x | 18.8x | |
| (*) Profit after tax | 1,307 | 5,660 | |
| Equity Value | 41,826 | 106,288 | |
| (/) Outstanding shares | 2,367 | 2,367 | |
| Fair Price | $18 | $45 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Brookfield Corporation (BN) has a fair value of $32.00 based on 10 comparable companies in the Asset Management industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Brookfield CorporationBN | 111,438 | 12.4x | 173.0x |
| BlackRock, Inc. | 168,545 | 20.3x | 20.5x |
| Blackstone Inc. | 148,680 | 22.1x | 24.0x |
| KKR & Co. Inc. | 91,402 | 20.5x | 49.9x |
| Brookfield Asset Management Ltd. | 81,514 | 27.4x | 24.8x |
| Apollo Global Management, Inc. | 76,792 | 6.8x | 11.2x |
| Ares Management Corporation | 41,462 | 23.9x | 33.7x |
| T. Rowe Price Group, Inc. | 22,196 | 6.8x | 6.8x |
| The Carlyle Group Inc. | 18,286 | 21.7x | 28.0x |
| Blue Owl Capital Inc. | 16,508 | 21.4x | 23.1x |
| Franklin Resources, Inc. | 16,135 | 18.3x | 24.3x |
| Industry Median | 21.0x | 24.2x | |
| (*) EBITDA | 32,765 | 2,358 | |
| = Enterprise Value | 687,258 | 56,965 | |
| (-) Net Debt | 296,367 | 296,367 | |
| Equity Value | 390,890 | -239,402 | |
| (/) Outstanding shares | 2,367 | 2,367 | |
| Fair Price | $165 | $-101 | |
Using the PEG framework with historical EPS growth of 8.0%, the company has a fair value of $4.00 based on TTM EPS (FY2025) of $0.50.
| EPS Growth RateHistorical | -25.2% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| TTM EPS (FY2025) | $0.50 |
| Fair Value | $4.00 |
No analyst estimates available.
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $4.0B | $1.59 | — |
| FY2022 | $2.1B | $0.79 | -50.2% |
| FY2023 | $1.1B | $0.41 | -48.7% |
| FY2024 | $641.0M | $0.21 | -49.2% |
| FY2025 | $1.3B | $0.50 | +141.9% |
4Y Historical EPS CAGR: -25.2%
Using the Two-Stage Dividend Discount Model with a Cost of Equity of 10.8% and projected dividend growth of 0.0%, the fair value is $2.32 per share. The DDM range is $1.88 – $3.33 based on sensitivity analysis across Cost of Equity and growth rate assumptions.
| Year | DPS | Payout Ratio | YoY Growth |
|---|---|---|---|
| 2025 | — | 0.0% | -100.0% |
| 2024 | $0.21 | 77.2% | +13.8% |
| 2023 | $0.18 | 38.6% | -49.8% |
| 2022 | $0.36 | 42.8% | -35.2% |
| 2021 | $0.56 | 33.7% | — |
| Year | Projected DPS | Growth | Discount Factor | Present Value |
|---|---|---|---|---|
| 2026 | $0.21 | 0.0% | 0.9028 | $0.19 |
| 2027 | $0.21 | 0.0% | 0.8150 | $0.17 |
| 2028 | $0.21 | 0.0% | 0.7357 | $0.15 |
| 2029 | $0.21 | 0.0% | 0.6642 | $0.14 |
| 2030 | $0.21 | 0.0% | 0.5996 | $0.12 |
| Terminal Value | $0.21 DPS | 2.5% | $1.55 |
Fair value under different Cost of Equity (rows) and DPS Growth Rate (columns) assumptions.
| Ke \ Growth | 0.0% | 0.0% | 0.0% | 1.0% | 2.0% |
|---|---|---|---|---|---|
| 8.8% | $3 | $3 | $3 | $3 | $3 |
| 9.8% | $3 | $3 | $3 | $3 | $3 |
| 10.8% | $2 | $2 | $2 | $2 | $3 |
| 11.8% | $2 | $2 | $2 | $2 | $2 |
| 12.8% | $2 | $2 | $2 | $2 | $2 |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.