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

Brown-Forman (BF-B) P/B ratio is 3.3× as of August 7, 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).

How is the P/B ratio calculated?

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.

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

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 3.1×.

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

Brown-Forman's P/B ratio of 3.3× is below its own 5-year average of 7.9× and above the sector median of 3.1×. That places the current reading at the 13th 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.

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

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×.

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

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.

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

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.

Brown-Forman (BF-B) P/B Ratio — Price-to-Book History

Current

3.3×

As of Aug 7, 2026

5-Year Average

7.9×

All-Time High

22.2×

Jan 31, 2018

All-Time Low

2.6×

Mar 20, 2026

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

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

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


2026	$11.8B	$4.02B	2.9×	-1.2×	Apr 30, 2026
2025	$16.5B	$3.99B	4.1×	-2.3×	Apr 30, 2025
2024	$22.8B	$3.52B	6.5×	-3.1×	Apr 30, 2024
2023	$31.3B	$3.27B	9.6×	-2.2×	Apr 30, 2023
2022	$32.3B	$2.74B	11.8×	-1.9×	Apr 30, 2022
2021	$36.5B	$2.66B	13.7×	-1.3×	Apr 30, 2021
2020	$29.7B	$1.98B	15.1×	-0.4×	Apr 30, 2020
2019	$25.4B	$1.65B	15.4×	-5.0×	Apr 30, 2019
2018	$27B	$1.32B	20.5×	+7.2×	Apr 30, 2018
2017	$18.2B	$1.37B	13.3×	+1.0×	Apr 30, 2017
2016	$19.2B	$1.56B	12.3×	+2.4×	Apr 30, 2016
2015	$18.9B	$1.91B	9.9×	+0.5×	Apr 30, 2015
2014	$19.1B	$2.03B	9.4×	+0.2×	Apr 30, 2014
2013	$15.1B	$1.63B	9.2×	+3.3×	Apr 30, 2013
2012	$12.3B	$2.07B	5.9×	+0.9×	Apr 30, 2012
2011	$10.4B	$2.06B	5.1×	+0.6×	Apr 30, 2011
2010	$8.52B	$1.9B	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	$1.09B	5.2×	-0.3×	Apr 30, 2004
2003	$4.66B	$840M	5.6×	+1.5×	Apr 30, 2003
2002	$5.36B	$1.31B	4.1×	—	Apr 30, 2002

20262.9×
20254.1×
20246.5×
20239.6×
202211.8×
202113.7×
202015.1×
201915.4×
201820.5×
201713.3×
201612.3×
20159.9×
20149.4×
20139.2×
20125.9×
20115.1×
20104.5×
20093.8×
20084.8×
20075.0×
20065.7×
20055.2×
20045.2×
20035.6×
20024.1×

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

Brown-Forman (BF-B) P/B ratio is 3.3× as of August 7, 2026. The 5-year average is 7.9×. The sector median currently stands at 3.1×. The current ratio is at the 13th percentile of its own 10-year history.

Brown-Forman (BF-B) historical P/B ratio has ranged from a low of 2.6× (2026) to a high of 22.2× (2018) in the available daily series.

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.

Brown-Forman P/B Ratio by Year

Brown-Forman P/B Ratio 2026: 2.9×

Brown-Forman (BF-B) P/B ratio in 2026 was 2.9×, contracted from 4.1× the prior year.

Brown-Forman P/B Ratio 2025: 4.1×

Brown-Forman (BF-B) P/B ratio in 2025 was 4.1×, contracted from 6.5× the prior year.

Brown-Forman P/B Ratio 2024: 6.5×

Brown-Forman (BF-B) P/B ratio in 2024 was 6.5×, contracted from 9.6× the prior year.

Brown-Forman P/B Ratio 2023: 9.6×

Brown-Forman (BF-B) P/B ratio in 2023 was 9.6×, contracted from 11.8× the prior year.

Brown-Forman P/B Ratio 2022: 11.8×

Brown-Forman (BF-B) P/B ratio in 2022 was 11.8×.

Sector peers by P/B Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/B Ratio — table

Consumer Defensive peers of Brown-Forman (BF-B), ranked by P/B ratio.


Kroger (KR)	6.4×
Dollar Tree (DLTR)	5.3×
Coca-Cola Europacific Partners (CCEP)	4.4×
Albertsons Companies (ACI)	4.3×
Marzetti (MZTI)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Lamb Weston (LW)	3.2×
Kenvue (KVUE)	3.1×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Mondelez International (MDLZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Campbell Soup (CPB)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Bunge Global S.A. (BG)	1.3×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

Kroger (KR)
6.4×
Dollar Tree (DLTR)
5.3×
Coca-Cola Europacific Partners (CCEP)
4.4×
Albertsons Companies (ACI)
4.3×
Marzetti (MZTI)
3.6×
Target (TGT)
3.6×
Tootsie Roll Industries (TR)
3.4×
Lamb Weston (LW)
3.2×
Kenvue (KVUE)
3.1×
Dollar General (DG)
2.9×
Constellation Brands (STZ)
2.8×
Mondelez International (MDLZ)
2.8×
Performance Food Group (PFGC)
2.7×
General Mills (GIS)
2.5×
J. M. Smucker (SJM)
1.9×
McCormick & Company (MKC)
1.8×
Archer-Daniels-Midland (ADM)
1.5×
Campbell Soup (CPB)
1.5×
Hormel Foods (HRL)
1.5×
Keurig Dr Pepper (KDP)
1.4×
Bunge Global S.A. (BG)
1.3×
Conagra Brands (CAG)
1.0×
Universal Corporation (UVV)
0.9×
Molson Coors Beverage (TAP)
0.8×
Kraft Heinz (KHC)
0.6×

Frequently asked questions

Current

3.3×

As of Aug 7, 2026

5-Year Average

7.9×

All-Time High

22.2×

Jan 31, 2018

All-Time Low

2.6×

Mar 20, 2026

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

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

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


2026	$11.8B	$4.02B	2.9×	-1.2×	Apr 30, 2026
2025	$16.5B	$3.99B	4.1×	-2.3×	Apr 30, 2025
2024	$22.8B	$3.52B	6.5×	-3.1×	Apr 30, 2024
2023	$31.3B	$3.27B	9.6×	-2.2×	Apr 30, 2023
2022	$32.3B	$2.74B	11.8×	-1.9×	Apr 30, 2022
2021	$36.5B	$2.66B	13.7×	-1.3×	Apr 30, 2021
2020	$29.7B	$1.98B	15.1×	-0.4×	Apr 30, 2020
2019	$25.4B	$1.65B	15.4×	-5.0×	Apr 30, 2019
2018	$27B	$1.32B	20.5×	+7.2×	Apr 30, 2018
2017	$18.2B	$1.37B	13.3×	+1.0×	Apr 30, 2017
2016	$19.2B	$1.56B	12.3×	+2.4×	Apr 30, 2016
2015	$18.9B	$1.91B	9.9×	+0.5×	Apr 30, 2015
2014	$19.1B	$2.03B	9.4×	+0.2×	Apr 30, 2014
2013	$15.1B	$1.63B	9.2×	+3.3×	Apr 30, 2013
2012	$12.3B	$2.07B	5.9×	+0.9×	Apr 30, 2012
2011	$10.4B	$2.06B	5.1×	+0.6×	Apr 30, 2011
2010	$8.52B	$1.9B	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	$1.09B	5.2×	-0.3×	Apr 30, 2004
2003	$4.66B	$840M	5.6×	+1.5×	Apr 30, 2003
2002	$5.36B	$1.31B	4.1×	—	Apr 30, 2002

20262.9×
20254.1×
20246.5×
20239.6×
202211.8×
202113.7×
202015.1×
201915.4×
201820.5×
201713.3×
201612.3×
20159.9×
20149.4×
20139.2×
20125.9×
20115.1×
20104.5×
20093.8×
20084.8×
20075.0×
20065.7×
20055.2×
20045.2×
20035.6×
20024.1×

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

Brown-Forman (BF-B) historical P/B ratio has ranged from a low of 2.6× (2026) to a high of 22.2× (2018) in the available daily series.

Brown-Forman P/B Ratio by Year

Brown-Forman P/B Ratio 2026: 2.9×

Brown-Forman (BF-B) P/B ratio in 2026 was 2.9×, contracted from 4.1× the prior year.

Brown-Forman P/B Ratio 2025: 4.1×

Brown-Forman (BF-B) P/B ratio in 2025 was 4.1×, contracted from 6.5× the prior year.

Brown-Forman P/B Ratio 2024: 6.5×

Brown-Forman (BF-B) P/B ratio in 2024 was 6.5×, contracted from 9.6× the prior year.

Brown-Forman P/B Ratio 2023: 9.6×

Brown-Forman (BF-B) P/B ratio in 2023 was 9.6×, contracted from 11.8× the prior year.

Brown-Forman P/B Ratio 2022: 11.8×

Brown-Forman (BF-B) P/B ratio in 2022 was 11.8×.

Sector peers by P/B Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/B Ratio — table

Consumer Defensive peers of Brown-Forman (BF-B), ranked by P/B ratio.


Kroger (KR)	6.4×
Dollar Tree (DLTR)	5.3×
Coca-Cola Europacific Partners (CCEP)	4.4×
Albertsons Companies (ACI)	4.3×
Marzetti (MZTI)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Lamb Weston (LW)	3.2×
Kenvue (KVUE)	3.1×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Mondelez International (MDLZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Campbell Soup (CPB)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Bunge Global S.A. (BG)	1.3×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

Kroger (KR)
6.4×
Dollar Tree (DLTR)
5.3×
Coca-Cola Europacific Partners (CCEP)
4.4×
Albertsons Companies (ACI)
4.3×
Marzetti (MZTI)
3.6×
Target (TGT)
3.6×
Tootsie Roll Industries (TR)
3.4×
Lamb Weston (LW)
3.2×
Kenvue (KVUE)
3.1×
Dollar General (DG)
2.9×
Constellation Brands (STZ)
2.8×
Mondelez International (MDLZ)
2.8×
Performance Food Group (PFGC)
2.7×
General Mills (GIS)
2.5×
J. M. Smucker (SJM)
1.9×
McCormick & Company (MKC)
1.8×
Archer-Daniels-Midland (ADM)
1.5×
Campbell Soup (CPB)
1.5×
Hormel Foods (HRL)
1.5×
Keurig Dr Pepper (KDP)
1.4×
Bunge Global S.A. (BG)
1.3×
Conagra Brands (CAG)
1.0×
Universal Corporation (UVV)
0.9×
Molson Coors Beverage (TAP)
0.8×
Kraft Heinz (KHC)
0.6×

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

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

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

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?

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