Question 1

What is Brown-Forman's P/FCF ratio?

Accepted Answer

Brown-Forman (BF-B) P/FCF ratio is 13.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Brown-Forman?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Brown-Forman specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is Brown-Forman's P/FCF ratio high or low?

Accepted Answer

Brown-Forman's P/FCF ratio of 13.6× is below its own 5-year average of 49.2× and below the sector median of 16.5×. That places the current reading at the 1th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, Brown-Forman (BF-B) P/FCF ratio has ranged from a low of 12.9× in 2026 to a high of 132.0× in 2024. The 5-year average is 49.2× and the 5-year median is 42.9×.

Question 7

What was Brown-Forman's P/FCF ratio in 2026?

Accepted Answer

Brown-Forman (BF-B) P/FCF ratio at the end of 2026 was 13.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Brown-Forman's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$11.8B	$893M	13.2×	-25.0×	Apr 30, 2026
2025	$16.5B	$431M	38.2×	-16.1×	Apr 30, 2025
2024	$22.8B	$419M	54.3×	-14.2×	Apr 30, 2024
2023	$31.3B	$457M	68.5×	+28.0×	Apr 30, 2023
2022	$32.3B	$798M	40.5×	-7.9×	Apr 30, 2022
2021	$36.5B	$755M	48.4×	-0.7×	Apr 30, 2021
2020	$29.7B	$606M	49.1×	+11.6×	Apr 30, 2020
2019	$25.4B	$679M	37.5×	-16.0×	Apr 30, 2019
2018	$27B	$504M	53.5×	+18.8×	Apr 30, 2018
2017	$18.2B	$524M	34.7×	-11.7×	Apr 30, 2017
2016	$19.2B	$414M	46.4×	+7.3×	Apr 30, 2016
2015	$18.9B	$484M	39.1×	+2.3×	Apr 30, 2015
2014	$19.1B	$520M	36.8×	+2.6×	Apr 30, 2014
2013	$15.1B	$440M	34.2×	+7.0×	Apr 30, 2013
2012	$12.3B	$451M	27.2×	+5.8×	Apr 30, 2012
2011	$10.4B	$485M	21.5×	+4.8×	Apr 30, 2011
2010	$8.52B	$510M	16.7×	+0.8×	Apr 30, 2010
2009	$6.96B	$437M	15.9×	-1.6×	Apr 30, 2009
2008	$8.19B	$468M	17.5×	-12.4×	Apr 30, 2008
2007	$7.88B	$263M	30.0×	-0.9×	Apr 30, 2007
2006	$8.97B	$291M	30.8×	+11.3×	Apr 30, 2006
2005	$6.77B	$347M	19.5×	-3.1×	Apr 30, 2005
2004	$5.66B	$250M	22.6×	-17.6×	Apr 30, 2004
2003	$4.66B	$116M	40.2×	+10.3×	Apr 30, 2003
2002	$5.36B	$179M	29.9×	—	Apr 30, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
General Mills (GIS)	11.1×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Brown-Forman (BF-B) 2002-2026

P/FCF Ratio daily chart for Brown-Forman (BF-B)

Historical P/FCF Ratio for Brown-Forman (BF-B) from 2002 to 2026

About P/FCF Ratio at Brown-Forman (BF-B)

Brown-Forman P/FCF Ratio by Year

Brown-Forman P/FCF Ratio 2026: 13.2×

Brown-Forman P/FCF Ratio 2025: 38.2×

Brown-Forman P/FCF Ratio 2024: 54.3×

Brown-Forman P/FCF Ratio 2023: 68.5×

Brown-Forman P/FCF Ratio 2022: 40.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Brown-Forman (BF-B) Key Financials