Brown & Brown Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 BTW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BTW (€102.25) is trading above our estimate of fair value (€61.72)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BTW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7.4x
Enterprise Value/EBITDA22x
PEG Ratio9.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BTW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
HNR1 Hannover Rück
14.2x8.6%€28.7b
TLX Talanx
10.3x4.5%€18.7b
MUV2 Münchener Rückversicherungs-Gesellschaft in München
10.4x1.6%€62.1b
ALV Allianz
12.4x6.7%€111.8b
BTW Brown & Brown
30.5x3.2%€30.8b

Price-To-Earnings vs Peers: BTW is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the peer average (11.8x).


Price to Earnings Ratio vs Industry

How does BTW's PE Ratio compare vs other companies in the European Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BTW is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the European Insurance industry average (11.1x).


Price to Earnings Ratio vs Fair Ratio

What is BTW'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.

BTW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.5x
Fair PE Ratio10.2x

Price-To-Earnings vs Fair Ratio: BTW is expensive based on its Price-To-Earnings Ratio (30.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.2x).


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 BTW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€102.25
€103.86
+1.6%
6.7%€111.79€92.23n/a11
Oct ’25€92.72
€95.13
+2.6%
5.8%€101.07€83.02n/a13
Sep ’25€94.18
€95.86
+1.8%
6.0%€102.05€83.83n/a12
Aug ’25€91.54
€94.92
+3.7%
6.3%€103.60€85.10n/a12
Jul ’25€82.76
€84.96
+2.7%
7.3%€93.52€75.13n/a12
Jun ’25€80.68
€84.96
+5.3%
7.3%€93.52€75.13n/a12
May ’25€75.84
€84.56
+11.5%
6.5%€91.81€74.94n/a12
Apr ’25€80.34
€78.95
-1.7%
7.0%€87.71€69.25n/a12
Mar ’25€77.74
€77.74
+0.004%
5.7%€85.22€69.47n/a12
Feb ’25€71.62
€77.73
+8.5%
5.9%€84.94€69.25n/a11
Jan ’25€63.84
€71.96
+12.7%
5.9%€77.34€64.60n/a11
Dec ’24€68.20
€75.21
+10.3%
5.3%€80.32€68.98n/a10
Nov ’24€65.32
€75.21
+15.1%
5.3%€80.32€68.98€95.9410
Oct ’24€66.76
€73.32
+9.8%
5.8%€79.59€65.55€92.7210
Sep ’24€68.10
€71.16
+4.5%
5.6%€77.44€63.78€94.1810
Aug ’24€63.78
€69.56
+9.1%
6.2%€77.39€63.74€91.5410
Jul ’24€62.06
€64.26
+3.5%
5.0%€67.79€57.57€82.7610
Jun ’24€58.12
€64.26
+10.6%
5.0%€67.79€57.57€80.6810
May ’24€57.86
€62.62
+8.2%
4.9%€66.54€56.51€75.8410
Apr ’24€53.00
€59.66
+12.6%
5.6%€64.15€54.07€80.3410
Mar ’24€52.50
€59.66
+13.6%
5.6%€64.15€54.07€77.7410
Feb ’24€53.50
€59.66
+11.5%
5.6%€64.15€54.07€71.6210
Jan ’24€53.50
€61.38
+14.7%
6.3%€67.76€56.47€63.849
Dec ’23€57.00
€63.62
+11.6%
6.0%€69.88€58.23€68.209
Nov ’23€59.50
€66.82
+12.3%
6.2%€72.89€60.74€65.329

Analyst Forecast: Target price is less than 20% higher than the current share price.


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