Stocktoria

BROWN FORMAN CORP BF-A

NYSE · stock · Beverages · website · IPO 1980-03-17 · LEI

BROWN FORMAN CORP statistics & valuation

Market cap$12.9B
P / E18.1×
P / S2.5×
P / B3.2×
P / FCF14.5×
Dividend yield3.30%
Net margin14.1%
Return on equity17.8%
FCF margin17.6%
Net debt$2.1B
Net debt / EBITDA1.9×
Enterprise value USD$15.1B
EV / EBITDA13.8×
Earnings yield EBIT/EV6.6%
Return on capital15%
Graham number -39.4%$17.22

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.22); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
17.30% 17.10% 19.50% 19.20% 20.00% 16.50% 14.60% 19.20% 17.20% 14.10% 2017201820192020202120222023202420252026
Gross margin (%)
52.40% 52.40% 50.70% 49.40% 46.30% 47.10% 46.40% 47.40% 46.30% 46.80% 2017201820192020202120222023202420252026
Operating margin (%)
26.20% 24.90% 26.80% 25.30% 25.80% 23.70% 21.00% 26.50% 21.90% 19.70% 2017201820192020202120222023202420252026
Return on equity (%)
48.80% 54.50% 50.70% 41.90% 34.00% 30.60% 24.00% 29.10% 21.80% 17.80% 2017201820192020202120222023202420252026
Shares outstanding
488.1M 484.2M 482.1M 480.4M 480.7M 480.6M 480.5M 477.2M 472.9M 466.7M 2017201820192020202120222023202420252026
Net debt ($)
$1.76B $2.10B $1.98B $1.59B $1.20B $1.40B $2.30B $2.23B $1.98B $2.13B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
14.50% 14.40% 16.20% 14.30% 13.80% 13.10% 10.10% 12.50% 10.70% 9.10% 2017201820192020202120222023202420252026
Free cash flow margin (%)
14.10% 12.50% 15.90% 14.20% 16.70% 15.70% 8.50% 7.90% 8.50% 17.60% 2017201820192020202120222023202420252026
Debt / equity (×)
1.41× 1.78× 1.39× 1.15× 0.89× 0.83× 0.82× 0.76× 0.61× 0.61× 2017201820192020202120222023202420252026
EPS ($)
$1.37 $1.48 $1.73 $1.72 $1.88 $1.74 $1.63 $2.14 $1.84 $1.53 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BROWN FORMAN CORP trades at about 18.6× earnings — below its 10-year norm (10-year range 17.5×–39.9×, median 34.5×).

17.5× 39.9×

Shaded band = 10-year range (17.5×–39.9×); dot = today's 18.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin46.8%46.3%47.4%46.4%47.1%46.3%49.4%50.7%52.4%52.4%
Operating margin19.7%21.9%26.5%21.0%23.7%25.8%25.3%26.8%24.9%26.2%
Net margin14.1%17.2%19.2%14.6%16.5%20.0%19.2%19.5%17.1%17.3%
FCF margin17.6%8.5%7.9%8.5%15.7%16.7%14.2%15.9%12.5%14.1%
Return on assets9.1%10.7%12.5%10.1%13.1%13.8%14.3%16.2%14.4%14.5%
Return on equity17.8%21.8%29.1%24.0%30.6%34.0%41.9%50.7%54.5%48.8%
Debt / equity0.61×0.61×0.76×0.82×0.83×0.89×1.15×1.39×1.78×1.41×
Current ratio3.243.882.593.513.654.273.713.873.112.42

Computed from company filings · US · as of 2026-04-30. Facts plus Stocktoria's own computed scores — not investment advice.