Question 1

What is Brown-Forman's EV/EBITDA ratio?

Accepted Answer

Brown-Forman (BF-B) EV/EBITDA ratio is 11.8× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Brown-Forman?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Brown-Forman specifically, the relevant sector benchmark is the current sector median of 13.0×.

Question 5

Is Brown-Forman's EV/EBITDA ratio high or low?

Accepted Answer

Brown-Forman's EV/EBITDA ratio of 11.8× is below its own 5-year average of 21.5× and below the sector median of 13.0×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Brown-Forman's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Brown-Forman (BF-B) EV/EBITDA ratio has ranged from a low of 9.0× in 2001 to a high of 32.8× in 2021. The 5-year average is 21.5× and the 5-year median is 22.5×.

Question 7

What was Brown-Forman's EV/EBITDA ratio in 2026?

Accepted Answer

Brown-Forman (BF-B) EV/EBITDA ratio at the end of 2026 was 11.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Brown-Forman's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$11.82B	$1.18B	11.6×	-2.9×	Apr 30, 2026
2025	$16.47B	$1.29B	14.5×	-2.3×	Apr 30, 2025
2024	$22.76B	$1.51B	16.8×	-11.7×	Apr 30, 2024
2023	$31.29B	$1.19B	28.5×	+2.1×	Apr 30, 2023
2022	$32.30B	$1.27B	26.4×	-4.2×	Apr 30, 2022
2021	$36.51B	$1.24B	30.6×	+3.4×	Apr 30, 2021
2020	$29.74B	$1.17B	27.2×	+4.2×	Apr 30, 2020
2019	$25.44B	$1.20B	23.0×	-3.4×	Apr 30, 2019
2018	$26.95B	$1.11B	26.4×	+7.2×	Apr 30, 2018
2017	$18.18B	$1.05B	19.2×	+6.3×	Apr 30, 2017
2016	$19.20B	$1.59B	12.9×	-5.4×	Apr 30, 2016
2015	$18.93B	$1.08B	18.3×	-1.0×	Apr 30, 2015
2014	$19.14B	$1.02B	19.3×	+2.6×	Apr 30, 2014
2013	$15.06B	$951.90M	16.7×	+1.8×	Apr 30, 2013
2012	$12.27B	$840.10M	14.8×	+3.2×	Apr 30, 2012
2011	$10.41B	$914.10M	11.6×	-0.1×	Apr 30, 2011
2010	$8.52B	$772.00M	11.6×	+1.2×	Apr 30, 2010
2009	$6.96B	$726.60M	10.5×	+0.3×	Apr 30, 2009
2008	$8.19B	$888.90M	10.2×	-3.3×	Apr 30, 2008
2007	$7.88B	$645.00M	13.5×	-1.2×	Apr 30, 2007
2006	$8.97B	$606.50M	14.7×	+0.0×	Apr 30, 2006
2005	$6.77B	$484.50M	14.7×	+1.1×	Apr 30, 2005
2004	$5.66B	$463.00M	13.5×	+1.0×	Apr 30, 2004
2003	$4.66B	$433.00M	12.5×	-0.8×	Apr 30, 2003
2002	$5.36B	$408.00M	13.4×	—	Apr 30, 2002


Procter & Gamble (PG)	16.1×
Keurig Dr Pepper (KDP)	15.0×
Bunge Global S.A. (BG)	14.2×
Hormel Foods (HRL)	13.4×
Sysco (SYY)	13.4×
Archer-Daniels-Midland (ADM)	13.0×
Dollar General (DG)	13.0×
Performance Food Group (PFGC)	12.6×
Kimberly-Clark (KMB)	12.6×
Kenvue (KVUE)	12.5×
General Mills (GIS)	12.4×
Marzetti (MZTI)	12.2×
Clorox (CLX)	12.1×
Constellation Brands (STZ)	12.0×
Tyson Foods (TSN)	11.9×
Lamb Weston (LW)	11.7×
Altria Group (MO)	11.2×
Dollar Tree (DLTR)	11.0×
Kroger (KR)	10.4×
Campbell Soup (CPB)	10.1×
Andersons (ANDE)	9.8×
Universal Corporation (UVV)	8.7×
Target (TGT)	7.4×
Coca-Cola Europacific Partners (CCEP)	7.1×
Albertsons Companies (ACI)	7.1×

EV/EBITDA for Brown-Forman (BF-B)

EV/EBITDA daily chart for Brown-Forman (BF-B)

Historical EV/EBITDA for Brown-Forman (BF-B) from 2002 to 2026

About EV/EBITDA at Brown-Forman (BF-B)

Brown-Forman EV/EBITDA by Year

Brown-Forman EV/EBITDA 2026: 11.6×

Brown-Forman EV/EBITDA 2025: 14.5×

Brown-Forman EV/EBITDA 2024: 16.8×

Brown-Forman EV/EBITDA 2023: 28.5×

Brown-Forman EV/EBITDA 2022: 26.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Brown-Forman (BF-B) Key Financials

EV/EBITDA daily chart for Brown-Forman (BF-B)

Historical EV/EBITDA for Brown-Forman (BF-B) from 2002 to 2026

About EV/EBITDA at Brown-Forman (BF-B)

Brown-Forman EV/EBITDA by Year

Brown-Forman EV/EBITDA 2026: 11.6×

Brown-Forman EV/EBITDA 2025: 14.5×

Brown-Forman EV/EBITDA 2024: 16.8×

Brown-Forman EV/EBITDA 2023: 28.5×

Brown-Forman EV/EBITDA 2022: 26.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Brown-Forman's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Brown-Forman?

+Is Brown-Forman's EV/EBITDA ratio high or low?

+What is Brown-Forman's historical EV/EBITDA ratio range?

+What was Brown-Forman's EV/EBITDA ratio in 2026?

+Why does Brown-Forman's EV/EBITDA ratio change over time?

Brown-Forman (BF-B) Key Financials