Brookfield Asset Management Ltd.

NYSE:BAM Stock Report

Market Cap: US$89.8b

Brookfield Asset Management Valuation

Is BAM 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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.

Discounted Cash Flow
Simply Wall St
US$25.51
Fair Value
118.2% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: BAM ($55.65) is trading above our estimate of fair value ($25.51)

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 unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for BAM. This is calculated by dividing BAM's market cap by their current book value.
What is BAM's PB Ratio?
PB Ratio27.9x
BookUS$3.22b
Market CapUS$89.81b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for BAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average9.7x
BX Blackstone
15.4x24.7%US$205.9b
ARES Ares Management
18.1x41.6%US$59.5b
BLK BlackRock
3.7x11.1%US$152.6b
BK Bank of New York Mellon
1.7x7.4%US$61.0b
BAM Brookfield Asset Management
27.9x87.6%US$128.3b

Price-To-Book vs Peers: BAM is expensive based on its Price-To-Book Ratio (27.9x) compared to the peer average (8.5x).

Price to Book Ratio vs Industry

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

10 CompaniesPrice / BookEstimated GrowthMarket Cap
AMTD AMTD IDEA Group
0.05xn/aUS$70.68m
NCPL Netcapital
0.1xn/aUS$4.29m
LGHL Lion Group Holding
0.1xn/aUS$3.73m
JPPY.Y Jupai Holdings
0.008xn/aUS$901.13k
BAM 27.9xIndustry Avg. 1.9xNo. of Companies13PB00.61.21.82.43+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: BAM is expensive based on its Price-To-Book Ratio (27.9x) compared to the US Capital Markets industry average (1.9x).

Price to Book Ratio vs Fair Ratio

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

BAM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio27.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BAM's Price-To-Book Fair Ratio for valuation analysis.

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
CurrentUS$55.65
US$51.61
-7.3%
24.1%US$64.65US$32.03n/a4
Feb ’26US$59.83
US$51.61
-13.7%
24.1%US$64.65US$32.03n/a4
Jan ’26US$54.19
US$52.42
-3.3%
24.8%US$64.65US$32.03n/a4
Dec ’25US$57.16
US$48.34
-15.4%
26.1%US$62.73US$32.03n/a3
Nov ’25US$53.19
US$39.88
-25.0%
26.1%US$52.56US$27.02n/a3
Oct ’25US$47.57
US$39.88
-16.2%
26.1%US$52.56US$27.02n/a3
Sep ’25US$40.76
US$35.94
-11.8%
17.6%US$40.74US$27.02n/a3
Aug ’25US$41.99
US$40.57
-3.4%
0.4%US$40.74US$40.40n/a2
Jul ’25US$37.50
US$40.57
+8.2%
0.4%US$40.74US$40.40n/a2
Jun ’25US$39.24
US$42.16
+7.4%
4.2%US$43.92US$40.40n/a2
May ’25US$38.19
US$43.44
+13.7%
1.7%US$44.20US$42.69n/a2
Apr ’25US$41.94
US$43.44
+3.6%
1.7%US$44.20US$42.69n/a2
Mar ’25US$41.58
US$43.99
+5.8%
3.0%US$45.30US$42.69n/a2
Feb ’25US$40.29
US$39.58
-1.8%
13.9%US$45.07US$34.09US$59.832
Jan ’25US$40.17
US$32.15
-20.0%
6.0%US$34.09US$30.21US$54.192
Dec ’24US$36.06
US$32.15
-10.8%
6.0%US$34.09US$30.21US$57.162
Nov ’24US$29.43
US$31.31
+6.4%
23.7%US$38.26US$21.02US$53.193
Oct ’24US$33.34
US$31.89
-4.3%
25.0%US$40.00US$21.02US$47.573
Sep ’24US$34.89
US$31.89
-8.6%
25.0%US$40.00US$21.02US$40.763
Aug ’24US$33.34
US$31.34
-6.0%
23.7%US$38.20US$21.02US$41.993
Jul ’24US$32.63
US$31.34
-4.0%
23.7%US$38.20US$21.02US$37.503
Jun ’24US$30.80
US$31.72
+3.0%
24.5%US$39.33US$21.02US$39.243
May ’24US$33.45
US$31.14
-6.9%
25.0%US$39.94US$21.03US$38.193
Apr ’24US$32.72
US$31.14
-4.8%
25.0%US$39.94US$21.03US$41.943
Mar ’24US$33.80
US$31.33
-7.3%
25.5%US$40.51US$21.03US$41.583
Feb ’24US$32.51
US$35.36
+8.8%
8.2%US$38.25US$32.46US$40.292
Analyst Price Target
Consensus Narrative from 4 Analysts
US$51.77
Fair Value
7.5% overvalued intrinsic discount
4
Number of Analysts

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 Analysis2025/02/12 05:22
End of Day Share Price 2025/02/11 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.

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 Github.

Analyst Sources

Brookfield Asset Management Ltd. is covered by 19 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
Etienne RicardBMO Capital Markets Equity Research
Sohrab MovahediBMO Capital Markets Equity Research