Brown-Forman Corporation (BF-B) Key Metrics
BF-B valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $13.25B
- Enterprise value
- $14.26B
- P/E (TTM)
- 18.6 10-yr median 33.4
- Forward P/E
- 15.6
- PEG ratio
- 2.00
- Price / sales
- 3.4 10-yr median 7.6
- Price / book
- 3.0 10-yr median 12.7
- EV / EBITDA
- 13.1 10-yr median 24.9
- Dividend yield
- 2.02% $0.92 a year
- Beta
- 0.32
BF-B key metrics, FY2017–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsBF-B valuation Price multiples at each fiscal year-end price.
BF-B returns How much profit the business earns on the capital it uses.
BF-B per-share figures Results divided by the shares outstanding at year-end.
BF-B financial health Debt, liquidity and how easily interest is covered.
BF-B efficiency & capital use Working capital cycle and where the cash goes.
BF-B valuation history
BF-B returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BF-B debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BF-B cash returned to shareholders
BF-B price vs earnings per share
BF-B key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.03B | $16.48B | $22.83B | $31.28B | $32.41B | $36.67B | $29.88B | $25.69B | $27.14B | $18.48B |
| Enterprise value | $13.87B | $18.77B | $25.49B | $33.82B | $33.81B | $38.08B | $31.81B | $27.88B | $29.45B | $20.44B |
| P/E ratio | 16.8 | 19.0 | 22.3 | 39.9 | 38.7 | 40.6 | 36.1 | 30.8 | 37.8 | 27.6 |
| Price / sales | 3.1 | 4.1 | 5.5 | 7.4 | 8.2 | 10.6 | 8.9 | 7.7 | 8.4 | 6.2 |
| Price / book | 3.0 | 4.1 | 6.5 | 9.6 | 11.8 | 13.8 | 15.1 | 15.6 | 20.6 | 13.5 |
| Price / free cash flow | 13.5 | 38.2 | 54.5 | 68.4 | 40.6 | 48.6 | 48.9 | 37.7 | 53.7 | 35.1 |
| Price / operating cash flow | 12.0 | 27.6 | 35.3 | 48.9 | 34.6 | 44.9 | 41.3 | 32.1 | 42.9 | 28.9 |
| EV / sales | 3.5 | 4.7 | 6.1 | 8.0 | 8.6 | 11.0 | 9.5 | 8.4 | 9.1 | 6.8 |
| EV / EBITDA | 11.5 | 14.5 | 16.9 | 28.5 | 26.5 | 30.7 | 27.3 | 23.2 | 26.7 | 19.5 |
| EV / free cash flow | 15.5 | 43.5 | 60.8 | 74.0 | 42.4 | 50.4 | 52.1 | 40.9 | 58.3 | 38.8 |
| Earnings yield | 5.9% | 5.3% | 4.5% | 2.5% | 2.6% | 2.5% | 2.8% | 3.3% | 2.6% | 3.6% |
| Free cash flow yield | 7.4% | 2.6% | 1.8% | 1.5% | 2.5% | 2.1% | 2.0% | 2.7% | 1.9% | 2.9% |
| Dividend yield | 3.6% | 2.5% | 1.8% | 1.2% | 2.6% | 0.9% | 1.1% | 1.2% | 2.8% | 1.5% |
| Shareholder yield (dividends + buybacks) | 6.9% | 2.5% | 3.5% | 1.2% | 2.6% | 0.9% | 1.1% | 2.0% | 2.9% | 4.5% |
| Share price at fiscal year-end | $25.77 | $34.84 | $47.85 | $65.09 | $67.44 | $76.28 | $62.20 | $53.29 | $56.04 | $37.86 |
| Per share | ||||||||||
| Revenue per share | $8.42 | $8.40 | $8.75 | $8.80 | $8.18 | $7.20 | $7.00 | $6.90 | $6.71 | $6.13 |
| Earnings per share | $1.53 | $1.84 | $2.15 | $1.63 | $1.74 | $1.88 | $1.72 | $1.73 | $1.48 | $1.37 |
| Operating cash flow per share | $2.14 | $1.26 | $1.36 | $1.33 | $1.95 | $1.70 | $1.51 | $1.66 | $1.31 | $1.31 |
| Free cash flow per share | $1.91 | $0.91 | $0.88 | $0.95 | $1.66 | $1.57 | $1.27 | $1.41 | $1.04 | $1.08 |
| Cash per share | $0.66 | $0.94 | $0.93 | $0.78 | $1.81 | $2.39 | $1.41 | $0.64 | $0.49 | $0.37 |
| Book value per share | $8.61 | $8.44 | $7.37 | $6.80 | $5.70 | $5.53 | $4.11 | $3.42 | $2.72 | $2.81 |
| Tangible book value per share | $3.33 | $3.19 | $2.25 | $1.35 | $2.89 | $2.50 | $1.22 | $0.52 | −$0.24 | −$0.05 |
| Dividends per share | $0.91 | $0.89 | $0.85 | $0.79 | $1.73 | $0.70 | $0.68 | $0.64 | $1.60 | $0.56 |
| Capex per share | $0.23 | $0.35 | $0.48 | $0.38 | $0.29 | $0.13 | $0.24 | $0.25 | $0.26 | $0.23 |
| Debt per share | $4.61 | $5.78 | $6.50 | $6.06 | $4.72 | $5.32 | $5.42 | $5.17 | $5.28 | $4.40 |
| Shares outstanding | 466.7M | 472.9M | 477.2M | 480.6M | 480.6M | 480.7M | 480.4M | 482.1M | 484.2M | 488.1M |
| Change in shares outstanding | −1.3% | −0.9% | −0.7% | 0.0% | −0.0% | +0.1% | −0.3% | −0.5% | −0.8% | −4.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.8% | 23.1% | 30.2% | 26.1% | 31.1% | 39.0% | 45.7% | 56.4% | 53.4% | 45.6% |
| Return on invested capital (ROIC) | 14.8% | 15.1% | 15.1% | 17.4% | 22.1% | 24.5% | 23.1% | 24.6% | 21.9% | 23.1% |
| Return on assets (ROA) | 8.9% | 10.7% | 12.8% | 11.1% | 13.0% | 14.7% | 15.2% | 16.5% | 14.9% | 15.2% |
| Return on tangible assets | 13.2% | 15.5% | 17.9% | 15.2% | 16.7% | 17.8% | 18.9% | 22.3% | 20.2% | 20.7% |
| Free cash flow margin | 22.7% | 10.8% | 10.0% | 10.8% | 20.3% | 21.8% | 18.2% | 20.5% | 15.5% | 17.6% |
| Income quality (OCF / net income) | 1.40 | 0.69 | 0.63 | 0.82 | 1.12 | 0.90 | 0.88 | 0.96 | 0.88 | 0.96 |
| Financial health | ||||||||||
| Total debt | $2.15B | $2.73B | $3.10B | $2.91B | $2.27B | $2.56B | $2.60B | $2.49B | $2.56B | $2.15B |
| Cash & short-term investments | $308.0M | $444.0M | $446.0M | $374.0M | $868.0M | $1.15B | $675.0M | $307.0M | $239.0M | $182.0M |
| Net debt | $1.84B | $2.29B | $2.65B | $2.54B | $1.40B | $1.41B | $1.93B | $2.19B | $2.32B | $1.97B |
| Debt / equity | 0.54 | 0.68 | 0.88 | 0.89 | 0.83 | 0.96 | 1.32 | 1.51 | 1.94 | 1.57 |
| Debt / assets | 0.27 | 0.34 | 0.38 | 0.37 | 0.36 | 0.39 | 0.45 | 0.49 | 0.51 | 0.46 |
| Net debt / EBITDA | 1.53 | 1.77 | 1.76 | 2.14 | 1.10 | 1.14 | 1.65 | 1.82 | 2.10 | 1.88 |
| Current ratio | 3.24 | 3.88 | 2.59 | 3.51 | 3.65 | 4.27 | 3.71 | 3.87 | 3.11 | 2.42 |
| Quick ratio | 1.18 | 1.56 | 0.95 | 1.40 | 1.89 | 2.36 | 1.79 | 1.71 | 1.43 | 1.11 |
| Interest coverage | 12.5 | 9.6 | 9.0 | 12.5 | 14.7 | 14.4 | 13.3 | 13.0 | 16.8 | 17.7 |
| Working capital | $2.76B | $3.12B | $2.48B | $2.72B | $2.74B | $3.00B | $2.38B | $2.02B | $1.73B | $1.38B |
| Invested capital | $5.86B | $6.28B | $6.17B | $5.81B | $4.14B | $4.07B | $3.90B | $3.83B | $3.63B | $3.34B |
| Tangible asset value | $1.55B | $1.51B | $1.07B | $647.0M | $1.39B | $1.20B | $584.0M | $249.0M | −$117.0M | −$24.0M |
| Net current asset value | $117.0M | $102.0M | −$613.0M | −$708.0M | $140.0M | $51.0M | −$536.0M | −$773.0M | −$1.10B | −$904.0M |
| Graham number | $17.23 | $18.68 | $18.86 | $15.79 | $14.95 | $15.28 | $12.62 | $11.54 | $9.52 | $9.30 |
| Graham net-net per share | −$3.58 | −$3.74 | −$4.92 | −$4.89 | −$2.60 | −$2.65 | −$3.86 | −$4.08 | −$4.65 | −$4.14 |
| Capital allocation | ||||||||||
| Dividends paid | $427.0M | $420.0M | $404.0M | $378.0M | $831.0M | $338.0M | $325.0M | $310.0M | $773.0M | $274.0M |
| Share buybacks (net) | $400.0M | $0 | $400.0M | $0 | $0 | $0 | $1.0M | $207.0M | $1.0M | $561.0M |
| Dividend payout ratio | 59.7% | 48.3% | 39.5% | 48.3% | 99.2% | 37.4% | 39.3% | 37.1% | 107.8% | 41.0% |
| Dividends + buybacks / free cash flow | 92.6% | 97.4% | 191.9% | 82.7% | 104.1% | 44.8% | 53.4% | 75.9% | 153.3% | 158.4% |
| Capex / revenue | 2.7% | 4.2% | 5.5% | 4.3% | 3.5% | 1.8% | 3.4% | 3.6% | 3.9% | 3.7% |
| Capex / operating cash flow | 10.7% | 27.9% | 35.2% | 28.6% | 14.7% | 7.6% | 15.6% | 14.9% | 20.1% | 17.5% |
| Capex / depreciation | 1.16 | 1.92 | 2.62 | 2.29 | 1.75 | 0.81 | 1.53 | 1.65 | 1.98 | 1.93 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.6% | 0.4% | 0.4% | 0.3% | 0.3% | 0.4% | 0.6% | 0.5% |
| SG&A / revenue | 32.3% | 18.7% | 32.4% | 29.5% | 28.7% | 19.4% | 30.5% | 31.2% | 36.3% | 35.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 77.2 | 73.4 | 70.9 | 72.0 | 72.7 | 69.8 | 64.0 | 68.5 | 67.2 | 68.0 |
| Days of inventory on hand | 595.1 | 566.6 | 534.6 | 431.6 | 422.4 | 458.7 | 473.2 | 456.9 | 462.2 | 435.9 |
| Days payables outstanding | 122.2 | 57.0 | 63.5 | 55.4 | 46.2 | 40.5 | 41.5 | 47.9 | 50.8 | 48.4 |
| Cash conversion cycle (days) | 550.1 | 583.0 | 542.0 | 448.3 | 448.9 | 488.0 | 495.7 | 477.5 | 478.6 | 455.5 |
| Receivables turnover | 4.73 | 4.97 | 5.15 | 5.07 | 5.02 | 5.23 | 5.70 | 5.33 | 5.43 | 5.37 |
| Payables turnover | 2.99 | 6.40 | 5.75 | 6.59 | 7.91 | 9.02 | 8.80 | 7.62 | 7.19 | 7.54 |
| Inventory turnover | 0.61 | 0.64 | 0.68 | 0.85 | 0.86 | 0.80 | 0.77 | 0.80 | 0.79 | 0.84 |
| Asset turnover | 0.49 | 0.49 | 0.52 | 0.60 | 0.61 | 0.56 | 0.62 | 0.66 | 0.68 | 0.68 |
| Average receivables | $831.0M | $799.5M | $812.0M | $834.0M | $783.0M | $661.5M | $589.5M | $624.0M | $598.0M | $558.0M |
| Average payables | $519.0M | $255.0M | $287.5M | $263.0M | $195.0M | $151.5M | $140.5M | $152.0M | $145.5M | $129.0M |
| Average inventory | $2.53B | $2.53B | $2.42B | $2.05B | $1.78B | $1.72B | $1.60B | $1.45B | $1.32B | $1.16B |
| Intangibles / total assets | 31.2% | 30.7% | 29.9% | 33.7% | 21.1% | 22.3% | 24.1% | 27.2% | 28.8% | 30.1% |
Computed from BF-B's annual financial statements (latest annual report filed June 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BF-B valuation and financial ratios
At the end of fiscal 2026 (April 30, 2026), Brown-Forman traded at 16.8 times earnings, against a 10-year median of 33.4. Based on the latest twelve months, the trailing P/E is 18.6 and the forward P/E is 15.6. Brown-Forman earned a return on equity of 17.8% and a return on invested capital of 14.8% in fiscal 2026. It ended the year with $2.2 billion of debt and $308.0 million in cash and short-term investments, net debt of $1.8 billion. It returned $827.0 million to shareholders: $427.0 million in dividends and $400.0 million in share buybacks, 93% of free cash flow. The share count fell 4.4% from 488.1M to 466.7M over 9 years.
See the BF-B income statement, the BF-B chart for price history, or the BF-B stock overview for the latest quote and news.
BF-B key metrics FAQ
What is Brown-Forman's P/E ratio?
Brown-Forman's trailing P/E ratio is 18.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.6. At the end of fiscal 2026 it was 16.8, compared with a 10-year median of 33.4.
What is Brown-Forman's EV/EBITDA?
Brown-Forman's enterprise value was 11.5 times EBITDA at the end of fiscal 2026 (enterprise value $13.9 billion, EBITDA $1.2 billion); the current EV/EBITDA is 13.1.
What is Brown-Forman's return on equity?
Brown-Forman's return on equity (ROE) was 17.8% in fiscal 2026: net income of $715.0 million on average shareholders' equity of $4.0 billion.
What is Brown-Forman's ROIC?
Brown-Forman's return on invested capital was 14.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Brown-Forman have?
Brown-Forman had total debt of $2.2 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.54 and $1.8 billion of net debt (1.53 times EBITDA).
What is Brown-Forman's dividend yield?
Brown-Forman's forward dividend yield is 2.02%. Brown-Forman paid $427.0 million in dividends in fiscal 2026 ($0.91 per share), a payout ratio of 59.7%.
Does Brown-Forman buy back its shares?
Yes. Brown-Forman spent $400.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.3% over the year, to 466.7M..
What is Brown-Forman's free cash flow yield?
Brown-Forman generated $893.0 million of free cash flow in fiscal 2026, a free cash flow yield of 7.4% on its market value at year-end ($12.0 billion).
What is Brown-Forman's current ratio?
Brown-Forman's current ratio was 3.24 at the end of fiscal 2026: current assets were 3.24 times current liabilities.