Question 1

What is Brookfield's P/FCF ratio?

Accepted Answer

Brookfield (BN) P/FCF ratio is 126.8× as of February 7, 2024. 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 Brookfield?

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 Brookfield specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is Brookfield's P/FCF ratio high or low?

Accepted Answer

Brookfield's P/FCF ratio of 126.8× is above its own 5-year average of 67.2× and above the sector median of 11.1×. That places the current reading at the 74th 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 Brookfield's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Brookfield (BN) P/FCF ratio has ranged from a low of 5.2× in 2004 to a high of 241.3× in 2022. The 5-year average is 67.2× and the 5-year median is 49.3×.

Question 7

What was Brookfield's P/FCF ratio in 2022?

Accepted Answer

Brookfield (BN) P/FCF ratio at the end of 2022 was 34.5×. 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 Brookfield'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.


2025	$114.80B	−$2.79B	—	—	Dec 31, 2025
2024	$86.65B	−$3.62B	—	—	Dec 31, 2024
2023	$61.80B	−$1.65B	—	—	Dec 31, 2023
2022	$49.54B	$1.44B	34.5×	-41.8×	Dec 31, 2022
2021	$75.39B	$988.48M	76.3×	+64.9×	Dec 31, 2021
2020	$50.06B	$4.39B	11.4×	-2.8×	Dec 31, 2020
2019	$46.72B	$3.29B	14.2×	+4.7×	Dec 31, 2019
2018	$29.47B	$3.10B	9.5×	-4.7×	Dec 31, 2018
2017	$33.52B	$2.36B	14.2×	-4.9×	Dec 31, 2017
2016	$30.57B	$1.60B	19.1×	+4.0×	Dec 31, 2016
2015	$25.20B	$1.67B	15.1×	+5.8×	Dec 31, 2015
2014	$25.37B	$2.75B	9.2×	-20.0×	Dec 31, 2014
2013	$19.82B	$678.00M	29.2×	—	Dec 31, 2013
2012	$18.65B	−$2.12B	—	—	Dec 31, 2012
2011	$11.85B	−$1.36B	—	—	Dec 31, 2011
2010	$13.41B	$887.00M	15.1×	—	Dec 31, 2010
2009	$8.64B	−$1.33B	—	—	Dec 31, 2009
2008	$6.00B	$377.73M	15.9×	—	Dec 31, 2008
2007	$14.15B	−$4.34B	—	—	Dec 31, 2007
2006	$12.92B	−$8.34B	—	—	Dec 31, 2006
2005	$8.94B	−$2.94B	—	—	Dec 31, 2005
2004	$6.45B	$788.14M	8.2×	+2.6×	Dec 31, 2004
2003	$3.57B	$638.59M	5.6×	—	Dec 31, 2003
2002	$2.40B	−$552.82M	—	—	Dec 31, 2002
2001	$2.13B	−$121.04M	—	—	Dec 31, 2001


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Brookfield (BN)

P/FCF Ratio daily chart for Brookfield (BN)

Historical P/FCF Ratio for Brookfield (BN) from 2001 to 2025

About P/FCF Ratio at Brookfield (BN)

Brookfield P/FCF Ratio by Year

Brookfield P/FCF Ratio 2022: 34.5×

Brookfield P/FCF Ratio 2021: 76.3×

Brookfield P/FCF Ratio 2020: 11.4×

Brookfield P/FCF Ratio 2019: 14.2×

Brookfield P/FCF Ratio 2018: 9.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Brookfield (BN) Key Financials

P/FCF Ratio daily chart for Brookfield (BN)

Historical P/FCF Ratio for Brookfield (BN) from 2001 to 2025

About P/FCF Ratio at Brookfield (BN)

Brookfield P/FCF Ratio by Year

Brookfield P/FCF Ratio 2022: 34.5×

Brookfield P/FCF Ratio 2021: 76.3×

Brookfield P/FCF Ratio 2020: 11.4×

Brookfield P/FCF Ratio 2019: 14.2×

Brookfield P/FCF Ratio 2018: 9.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Brookfield's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Brookfield?

+Is Brookfield's P/FCF ratio high or low?

+What is Brookfield's historical P/FCF ratio range?

+What was Brookfield's P/FCF ratio in 2022?

+Why does Brookfield's P/FCF ratio change over time?

Brookfield (BN) Key Financials