Brookfield Asset Management
BAM
#1196
Rank
$14.83 B
Marketcap
$37.96
Share price
0.16%
Change (1 day)
17.02%
Change (1 year)

P/E ratio for Brookfield Asset Management (BAM)

P/E ratio as of June 2024 (TTM): 23.3

According to Brookfield Asset Management's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.3154. At the end of 2022 the company had a P/E ratio of 7.23.

P/E ratio history for Brookfield Asset Management from 2022 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.23

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
22.7-2.43%๐Ÿ‡บ๐Ÿ‡ธ USA
-17.1-173.34%๐Ÿ‡บ๐Ÿ‡ธ USA
13.1-43.76%๐Ÿ‡จ๐Ÿ‡ฆ Canada

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.