Brookfield Asset Management Ltd.

TSX:BAM Stock Report

Market Cap: CA$113.8b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BAM (CA$71.18) is trading above our estimate of future cash flow value (CA$56.56)

Significantly Below Future Cash Flow Value: BAM is trading above our estimate of future cash flow 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 Ratio31.9x
EarningsUS$2.61b
Market CapUS$82.56b

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 Average54.9x
BN Brookfield
125.9xn/aCA$143.7b
IGM IGM Financial
15.3x3.61%CA$15.9b
ONEX Onex
13.2xn/aCA$7.9b
SII Sprott
65.3xn/aCA$4.5b
BAM Brookfield Asset Management
31.9x14.95%CA$113.8b

Price-To-Earnings vs Peers: BAM is good value based on its Price-To-Earnings Ratio (31.9x) compared to the peer average (54.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QRC Queen's Road Capital Investment
4xn/aUS$494.97m
PNP Pinetree Capital
3.3xn/aUS$69.92m
AGRI.U Agrinam Acquisition
2.2xn/aUS$69.25m
CSOC.A Canso Select Opportunities
3xn/aUS$22.14m
BAM 31.9xIndustry Avg. 9.8xNo. of Companies13PE01632486480+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BAM is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the Canadian Capital Markets industry average (9.8x).

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 Ratio31.9x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: BAM is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).

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$71.18
CA$83.36
+17.11%
8.02%CA$95.79CA$77.45n/a5
Jan ’27CA$71.90
CA$78.03
+8.52%
21.21%CA$95.10CA$44.20n/a6
Dec ’26CA$72.65
CA$80.55
+10.87%
21.54%CA$96.61CA$44.89n/a6
Nov ’26CA$75.87
CA$80.41
+5.98%
23.15%CA$96.56CA$44.87n/a5
Oct ’26CA$77.74
CA$80.28
+3.27%
23.71%CA$98.21CA$44.35n/a5
Sep ’26CA$82.65
CA$79.84
-3.40%
23.71%CA$97.68CA$44.11n/a5
Aug ’26CA$82.52
CA$78.01
-5.47%
23.87%CA$97.53CA$44.05n/a5
Jul ’26CA$75.37
CA$72.65
-3.61%
24.25%CA$88.66CA$43.76n/a4
Jun ’26CA$77.21
CA$72.94
-5.53%
23.87%CA$89.86CA$44.35n/a4
May ’26CA$73.72
CA$71.53
-2.96%
23.44%CA$90.30CA$44.39n/a4
Apr ’26CA$70.85
CA$76.32
+7.72%
24.56%CA$97.67CA$46.30n/a4
Mar ’26CA$81.75
CA$76.12
-6.88%
24.78%CA$96.25CA$45.63n/a4
Feb ’26CA$86.98
CA$74.14
-14.77%
24.08%CA$92.67CA$46.02n/a4
Jan ’26CA$77.96
CA$74.73
-4.15%
24.74%CA$92.13CA$45.75CA$71.904
Dec ’25CA$80.31
CA$67.84
-15.53%
26.00%CA$87.97CA$45.03CA$72.653
Nov ’25CA$74.25
CA$53.92
-27.37%
26.15%CA$71.07CA$36.54CA$75.873
Oct ’25CA$64.18
CA$53.92
-15.98%
26.15%CA$71.07CA$36.54CA$77.743
Sep ’25CA$54.94
CA$49.34
-10.19%
17.56%CA$55.94CA$37.10CA$82.653
Aug ’25CA$58.25
CA$55.73
-4.32%
0.42%CA$55.97CA$55.50CA$82.522
Jul ’25CA$52.08
CA$55.73
+7.02%
0.42%CA$55.97CA$55.50CA$75.372
Jun ’25CA$53.50
CA$57.36
+7.21%
4.10%CA$59.71CA$55.01CA$77.212
May ’25CA$52.56
CA$58.97
+12.19%
1.74%CA$59.99CA$57.94CA$73.722
Apr ’25CA$56.93
CA$58.97
+3.58%
1.74%CA$59.99CA$57.94CA$70.852
Mar ’25CA$56.39
CA$59.19
+4.97%
2.95%CA$60.94CA$57.44CA$81.752
Feb ’25CA$53.94
CA$52.76
-2.18%
13.86%CA$60.08CA$45.45CA$86.982
Jan ’25CA$53.22
CA$43.62
-18.03%
6.05%CA$46.26CA$40.99CA$77.962
CA$83.36
Fair Value
14.6% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/22 09:33
End of Day Share Price 2026/01/22 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 18 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sohrab MovahediBMO Capital Markets Equity Research
Craig SiegenthalerBofA Global Research
Dean WilkinsonCIBC Capital Markets