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Brookfield Asset Management Ltd.

BAM Financial Asset Management

Brookfield Asset Management Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 21.0% from fiscal 2024.

Revenue
+60.8%
EPS
+47.4%
Free cash flow
+3.02%
Total debt
+224.4%

Quarter to June 2026, against a year earlier

52.50 0.04 +0.08%
Market cap
$85.9B
P/E
30.3×
Fwd P/E
22.8×
Dividend yield
3.69%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Brookfield Asset Management Ltd. (BAM) valuation and DCF model

What the price implies · reverse DCF

At $52.50 the price implies 9.0% a year of dividend growth, at a 9.0% cost of equity.

Return on equity averaged 15.2% over ten years; the price implies 61.8% for good.

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
9.0% a year for ten years
$52.50
today’s price
Its base case
5.0% a year for five years, then 3.0%
$36.28
30.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Brookfield Asset Management Ltd.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to June 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 9.0% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Brookfield Asset Management Ltd.’s own cost of capital: risk-free 4.3% + beta 1.25 × equity premium 4.5% = 9.9% cost of equity; weighted, 9.9%.

Use 9.9%
Base case value per share $36.28 ten years discounted, and what follows
Current price $52.50 market price per share
Below today’s price 30.9% downside at the base case’s assumptions

How we got there$16.24 10 years of dividends+$20.04 terminal value=$36.28 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Asset Management).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 30.26× 31.52× 26.41× 15% above 13.38× 126% above
P/FCF 38.52× 43.56× 43.56× 12% below 7.79× 394% above
P/B 9.16× 10.99× 7.61× 20% above 0.91× 907% above
EV/EBITDA — 33.25× 33.25× — 3.38× —
EV/Sales — 27.21× 27.21× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
19.45×26.21×32.97×39.73×10Y avg 26.41×20192020202120222023202420252026

BAM trades at 30.26× P/E, against a 10-year average of 26.41× (range 17.91×–41.05×). That is dearer than 57% of the last 7 year-end readings; re-rating to the average implies $45.82 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.