Brookfield Asset Management Ltd.

TSX:BAM Stock Report

Market Cap: CA$33.1b

Brookfield Asset Management Valuation

Is BAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BAM (CA$77.51) is trading above our estimate of fair value (CA$34.85)

Significantly Below Fair Value: BAM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BAM?

Key metric: As BAM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BAM. This is calculated by dividing BAM's market cap by their current earnings.
What is BAM's PE Ratio?
PE Ratio50.5x
EarningsUS$450.00m
Market CapUS$23.04b

Price to Earnings Ratio vs Peers

How does BAM's PE Ratio compare to its peers?

The above table shows the PE ratio for BAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.7x
ONEX Onex
8.5xn/aCA$8.3b
IGM IGM Financial
12.1x3.6%CA$10.9b
GLXY Galaxy Digital Holdings
6x7.6%CA$10.2b
PVF.UN Partners Value Investments
152.1xn/aCA$10.7b
BAM Brookfield Asset Management
50.5x88.3%CA$33.1b

Price-To-Earnings vs Peers: BAM is expensive based on its Price-To-Earnings Ratio (50.5x) compared to the peer average (36.4x).

Price to Earnings Ratio vs Industry

How does BAM's PE Ratio compare vs other companies in the CA Capital Markets Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INXD INX Digital Company
0.3xn/aUS$15.66m
CSOC.A Canso Select Opportunities
1.9xn/aUS$9.11m
MAR.UN Marwest Apartment Real Estate Investment Trust
0.7xn/aUS$8.96m
PXI Planet Ventures
2xn/aUS$5.04m
BAM 50.5xIndustry Avg. 12.1xNo. of Companies8PE01224364860+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAM is expensive based on its Price-To-Earnings Ratio (50.5x) compared to the Canadian Capital Markets industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is BAM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.5x
Fair PE Ratio54.4x

Price-To-Earnings vs Fair Ratio: BAM is good value based on its Price-To-Earnings Ratio (50.5x) compared to the estimated Fair Price-To-Earnings Ratio (54.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BAM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$77.51
CA$73.97
-4.6%
24.1%CA$92.67CA$45.90n/a4
Jan ’26CA$77.96
CA$74.70
-4.2%
24.8%CA$92.13CA$45.64n/a4
Dec ’25CA$80.31
CA$67.80
-15.6%
26.1%CA$87.97CA$44.91n/a3
Nov ’25CA$74.25
CA$53.92
-27.4%
26.1%CA$71.07CA$36.54n/a3
Oct ’25CA$64.18
CA$53.92
-16.0%
26.1%CA$71.07CA$36.54n/a3
Sep ’25CA$54.94
CA$49.34
-10.2%
17.6%CA$55.94CA$37.10n/a3
Aug ’25CA$58.25
CA$55.73
-4.3%
0.4%CA$55.97CA$55.50n/a2
Jul ’25CA$52.08
CA$55.73
+7.0%
0.4%CA$55.97CA$55.50n/a2
Jun ’25CA$53.50
CA$57.40
+7.3%
4.2%CA$59.80CA$55.01n/a2
May ’25CA$52.56
CA$58.97
+12.2%
1.7%CA$59.99CA$57.94n/a2
Apr ’25CA$56.93
CA$58.97
+3.6%
1.7%CA$59.99CA$57.94n/a2
Mar ’25CA$56.39
CA$59.20
+5.0%
3.0%CA$60.96CA$57.44n/a2
Feb ’25CA$53.94
CA$52.76
-2.2%
13.9%CA$60.08CA$45.45n/a2
Jan ’25CA$53.22
CA$43.62
-18.0%
6.0%CA$46.26CA$40.99CA$77.962
Dec ’24CA$48.64
CA$43.62
-10.3%
6.0%CA$46.26CA$40.99CA$80.312
Nov ’24CA$40.83
CA$42.81
+4.8%
23.7%CA$52.31CA$28.74CA$74.253
Oct ’24CA$45.26
CA$43.31
-4.3%
25.0%CA$54.32CA$28.55CA$64.183
Sep ’24CA$47.46
CA$43.31
-8.7%
25.0%CA$54.32CA$28.55CA$54.943
Aug ’24CA$44.33
CA$41.30
-6.8%
23.7%CA$50.34CA$27.71CA$58.253
Jul ’24CA$43.24
CA$41.30
-4.5%
23.7%CA$50.34CA$27.71CA$52.083
Jun ’24CA$41.39
CA$43.11
+4.1%
24.5%CA$53.45CA$28.57CA$53.503
May ’24CA$45.28
CA$42.35
-6.5%
25.0%CA$54.31CA$28.59CA$52.563
Apr ’24CA$44.27
CA$42.35
-4.3%
25.0%CA$54.31CA$28.59CA$56.933
Mar ’24CA$45.93
CA$42.17
-8.2%
25.5%CA$54.52CA$28.30CA$56.393
Feb ’24CA$43.16
CA$47.67
+10.4%
8.2%CA$51.58CA$43.76CA$53.942
Jan ’24CA$38.77
CA$49.20
+26.9%
10.6%CA$54.40CA$44.00CA$53.222

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 05:25
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brookfield Asset Management Ltd. is covered by 17 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Sohrab MovahediBMO Capital Markets Equity Research
Craig SiegenthalerBofA Global Research