Question 1

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

Accepted Answer

Brown-Forman (BF-B) P/B ratio is 3.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

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

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Brown-Forman specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

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

Accepted Answer

Brown-Forman's P/B ratio of 3.0× is below its own 5-year average of 7.9× and below the sector median of 3.4×. 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 P/B ratio range?

Accepted Answer

In the available daily series, Brown-Forman (BF-B) P/B ratio has ranged from a low of 2.6× in 2026 to a high of 22.2× in 2018. The 5-year average is 7.9× and the 5-year median is 7.9×.

Question 7

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

Accepted Answer

Brown-Forman (BF-B) P/B ratio at the end of 2026 was 2.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$4.02B	2.9×	-1.2×	Apr 30, 2026
2025	$16.47B	$3.99B	4.1×	-2.3×	Apr 30, 2025
2024	$22.76B	$3.52B	6.5×	-3.1×	Apr 30, 2024
2023	$31.29B	$3.27B	9.6×	-2.2×	Apr 30, 2023
2022	$32.30B	$2.74B	11.8×	-1.9×	Apr 30, 2022
2021	$36.51B	$2.66B	13.7×	-1.3×	Apr 30, 2021
2020	$29.74B	$1.98B	15.1×	-0.4×	Apr 30, 2020
2019	$25.44B	$1.65B	15.4×	-5.0×	Apr 30, 2019
2018	$26.95B	$1.32B	20.5×	+7.2×	Apr 30, 2018
2017	$18.18B	$1.37B	13.3×	+1.0×	Apr 30, 2017
2016	$19.20B	$1.56B	12.3×	+2.4×	Apr 30, 2016
2015	$18.93B	$1.91B	9.9×	+0.5×	Apr 30, 2015
2014	$19.14B	$2.03B	9.4×	+0.2×	Apr 30, 2014
2013	$15.06B	$1.63B	9.2×	+3.3×	Apr 30, 2013
2012	$12.27B	$2.07B	5.9×	+0.9×	Apr 30, 2012
2011	$10.41B	$2.06B	5.1×	+0.6×	Apr 30, 2011
2010	$8.52B	$1.90B	4.5×	+0.7×	Apr 30, 2010
2009	$6.96B	$1.82B	3.8×	-0.9×	Apr 30, 2009
2008	$8.19B	$1.73B	4.8×	-0.3×	Apr 30, 2008
2007	$7.88B	$1.57B	5.0×	-0.7×	Apr 30, 2007
2006	$8.97B	$1.56B	5.7×	+0.6×	Apr 30, 2006
2005	$6.77B	$1.31B	5.2×	-0.0×	Apr 30, 2005
2004	$5.66B	$1.08B	5.2×	-0.3×	Apr 30, 2004
2003	$4.66B	$840.00M	5.6×	+1.5×	Apr 30, 2003
2002	$5.36B	$1.31B	4.1×	—	Apr 30, 2002


Albertsons Companies (ACI)	5.0×
Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Constellation Brands (STZ)	3.4×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Mondelez International (MDLZ)	2.9×
Dollar General (DG)	2.9×
Performance Food Group (PFGC)	2.7×
McCormick & Company (MKC)	2.7×
General Mills (GIS)	2.6×
J. M. Smucker (SJM)	2.1×
Campbell Soup (CPB)	2.0×
Andersons (ANDE)	1.9×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.1×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Brown-Forman (BF-B)

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

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

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

Brown-Forman P/B Ratio by Year

Brown-Forman P/B Ratio 2026: 2.9×

Brown-Forman P/B Ratio 2025: 4.1×

Brown-Forman P/B Ratio 2024: 6.5×

Brown-Forman P/B Ratio 2023: 9.6×

Brown-Forman P/B Ratio 2022: 11.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Brown-Forman (BF-B) Key Financials

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

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

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

Brown-Forman P/B Ratio by Year

Brown-Forman P/B Ratio 2026: 2.9×

Brown-Forman P/B Ratio 2025: 4.1×

Brown-Forman P/B Ratio 2024: 6.5×

Brown-Forman P/B Ratio 2023: 9.6×

Brown-Forman P/B Ratio 2022: 11.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Brown-Forman's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

+What is Brown-Forman's historical P/B ratio range?

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

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

Brown-Forman (BF-B) Key Financials