Brown-Forman Corporation (BF-B) Valuation — DCF, Graham & Comparables

Brown-Forman Corporation (BF-B) — Price $28.95 (closing price, November 3, 2026) — Consumer Defensive — Beverages - Wineries & Distilleries — NYSE

Latest reported results:

Valuation dashboard for Brown-Forman Corporation (BF-B) with P/E 18.92, P/B 3.35, EV/EBITDA 14.3 and dividend yield 3.19%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Consumer Defensive companies.

Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, bottling, international trade (importing and exporting), marketing, and sale of a diverse portfolio of alcoholic products. Its extensive offerings encompass a wide variety of spirits, wines, and whiskey products, including specialty whiskey spirits and flavored whiskey liqueurs.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/E 18.9× · Multiples range: $33.57 · $53.66.

At the decade median (35.1×) $54 (+85 %); at its sector median (21.9×) $34 (+16 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

Brown-Forman Corporation reported revenue of $3.93B in the most recent fiscal year, growing at a 5-year CAGR of 2.6%. Net income reached $715.0M, with a -4.6% 5-year CAGR.

Trailing-twelve-month margins: gross margin 60.7%, operating margin 28.6%, net margin 18.4%.

At $28.95 (closing price, November 3, 2026), BF-B trades at a P/E of 18.92 and an ROE of 17.80%. Market capitalisation stands at $13.4B, placing it among large-cap names.

Balance sheet quality for BF-B: debt-to-equity ratio of 0.62, current ratio of 3.26 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio18.92
Price / Book3.35
EV / EBITDA14.3
Dividend Yield3.19%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
BF-BBrown-Forman Corporation$13.4B18.923.3517.8%
ABEVAmbev S.A.$41.2B14.052.4317.6%
DEODiageo plc$52.3B29.924.7515.5%
STZConstellation Brands, Inc.$23.4B12.392.7923.6%
TAPMolson Coors Beverage Company$7.8B0.78-22.6%
SAMThe Boston Beer Company, Inc.$2.2B3.00-9.8%

Price

Price$28.95 (closing price, November 3, 2026)
Market Cap$13.4B
ExchangeNYSE
CountryUS

Profitability

Return on Equity17.80%
Return on Invested Capital12.96%
Return on Assets9.21%
Gross Margin60.66%
Operating Margin28.61%
Net Margin18.42%

Related companies: ABEV · DEO · STZ · TAP · SAM

Explore sector: Consumer Defensive · Beverages - Wineries & Distilleries

More sections of BF-B: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks