Question 1

What is Brown & Brown's P/E ratio?

Accepted Answer

Brown & Brown (BRO) P/E ratio is 19.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Brown & Brown?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Brown & Brown specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is Brown & Brown's P/E ratio high or low?

Accepted Answer

Brown & Brown's P/E ratio of 19.3× is below its own 5-year average of 27.2× and above the sector median of 13.1×. That places the current reading at the 4th 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 & Brown's historical P/E ratio range?

Accepted Answer

In the available daily series, Brown & Brown (BRO) P/E ratio has ranged from a low of 13.4× in 2008 to a high of 35.6× in 2025. The 5-year average is 27.2× and the 5-year median is 26.3×.

Question 7

What was Brown & Brown's P/E ratio in 2025?

Accepted Answer

Brown & Brown (BRO) P/E ratio at the end of 2025 was 25.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Brown & Brown's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$26.5B	$1.05B	25.2×	-3.8×	Dec 31, 2025
2024	$28.9B	$994M	29.0×	+6.1×	Dec 31, 2024
2023	$19.9B	$871M	22.9×	-0.9×	Dec 31, 2023
2022	$15.8B	$665M	23.8×	-9.3×	Dec 31, 2022
2021	$19.4B	$587M	33.1×	+5.9×	Dec 31, 2021
2020	$13.1B	$480M	27.2×	+0.2×	Dec 31, 2020
2019	$10.8B	$399M	27.0×	+5.2×	Dec 31, 2019
2018	$7.51B	$344M	21.8×	+4.4×	Dec 31, 2018
2017	$6.97B	$400M	17.4×	-6.4×	Dec 31, 2017
2016	$6.13B	$257M	23.8×	+5.5×	Dec 31, 2016
2015	$4.44B	$243M	18.3×	-4.0×	Dec 31, 2015
2014	$4.61B	$207M	22.3×	+1.6×	Dec 31, 2014
2013	$4.49B	$217M	20.7×	+1.4×	Dec 31, 2013
2012	$3.56B	$184M	19.3×	+0.2×	Dec 31, 2012
2011	$3.14B	$164M	19.2×	-1.3×	Dec 31, 2011
2010	$3.31B	$162M	20.4×	+4.3×	Dec 31, 2010
2009	$2.47B	$153M	16.1×	-1.4×	Dec 31, 2009
2008	$2.9B	$166M	17.5×	+0.5×	Dec 31, 2008
2007	$3.25B	$191M	17.0×	-5.9×	Dec 31, 2007
2006	$3.94B	$172M	22.9×	-5.2×	Dec 31, 2006
2005	$4.23B	$151M	28.1×	+4.8×	Dec 31, 2005
2004	$3B	$129M	23.3×	+3.1×	Dec 31, 2004
2003	$2.23B	$110M	20.2×	-6.0×	Dec 31, 2003
2002	$2.17B	$83.1M	26.2×	—	Dec 31, 2002


Ameriprise Financial (AMP)	10.6×
Auburn National Bancorporation (AUBN)	10.5×
1st Source (SRCE)	10.5×
Truist Financial (TFC)	10.4×
Eagle Financial Services (EFSI)	10.0×
Prudential Financial (PRU)	9.8×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL-PD)	9.3×
Hartford Insurance Group (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Travelers Companies (TRV)	8.4×
PayPal (PYPL)	8.2×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Group (EG)	6.5×
Mercury General (MCY)	5.8×
Allstate (ALL)	4.4×
Atlantic Union Bankshares (AUB)	0.0×

P/E Ratio for Brown & Brown (BRO) 2002-2026

P/E Ratio daily chart for Brown & Brown (BRO)

Historical P/E Ratio for Brown & Brown (BRO) from 2002 to 2025

About P/E Ratio at Brown & Brown (BRO)

Brown & Brown P/E Ratio by Year

Brown & Brown P/E Ratio 2025: 25.2×

Brown & Brown P/E Ratio 2024: 29.0×

Brown & Brown P/E Ratio 2023: 22.9×

Brown & Brown P/E Ratio 2022: 23.8×

Brown & Brown P/E Ratio 2021: 33.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Brown & Brown (BRO) Key Financials