Brookfield Asset Management Ltd.

TSX:BAM Stock Report

Market Cap: CA$33.8b

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$80.31) is trading above our estimate of fair value (CA$34.92)

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 Ratio53.7x
EarningsUS$450.00m
Market CapUS$24.14b

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 Average42.5x
ONEX Onex
8.9xn/aCA$8.4b
IGM IGM Financial
12.7x1.8%CA$11.2b
GLXY Galaxy Digital Holdings
5.5x37.7%CA$8.7b
PVF.UN Partners Value Investments
142.7xn/aCA$9.8b
BAM Brookfield Asset Management
53.7x88.3%CA$33.8b

Price-To-Earnings vs Peers: BAM is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the peer average (34.6x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INXD INX Digital Company
0.2xn/aUS$11.81m
MAR.UN Marwest Apartment Real Estate Investment Trust
0.8xn/aUS$9.89m
CSOC.A Canso Select Opportunities
1.7xn/aUS$9.58m
PXI Planet Ventures
1.7xn/aUS$4.42m
BAM 53.7xIndustry Avg. 11.7xNo. of Companies7PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAM is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the Canadian Capital Markets industry average (11.7x).

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 Ratio53.7x
Fair PE Ratio54.6x

Price-To-Earnings vs Fair Ratio: BAM is good value based on its Price-To-Earnings Ratio (53.7x) compared to the estimated Fair Price-To-Earnings Ratio (54.6x).

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$80.31
CA$67.72
-15.7%
26.0%CA$87.73CA$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$40.99n/a2
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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