Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Brown-FormanMEX:BFB 68 Debt-to-Equity is 0.62 as of Apr. 2026, which is 33% below its 10-year median of 0.93. GuruFocus rates MEX:BFB with a GF Score™ of 68/100 and a GF Value™ of MXN652.53. The stock has 2 warning signs investors should review. Among 182 Beverages - Alcoholic companies, Brown-Forman ranks worse than 63.19% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Brown-Forman's Debt-to-Equity or its related term are showing as below:
MEX:BFB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.93 Max: 1.94
Current: 0.62
During the past 13 years, the highest Debt-to-Equity Ratio of Brown-Forman was 1.94. The lowest was 0.62. And the median was 0.93.
MEX:BFB's Debt-to-Equity is ranked worse than 63.19% of 182
companies
in the Beverages - Alcoholic industry
Industry Median: 0.38
vs MEX:BFB: 0.62
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Brown-Forman Debt-to-Equity Related Terms
Brown-Forman Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Brown-Forman's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:BFB vs MGPI, AGCC, SNDL: Debt-to-Equity Comparison
For the Beverages - Wineries & Distilleries subindustry, Brown-Forman's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Brown-Forman Debt-to-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Brown-Forman's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Brown-Forman (MEX:BFB) has a Debt-to-Equity of 0.62 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Brown-Forman and its competitors. This is 33% below median its historical median of 0.93. Over the past decade, Brown-Forman's Debt-to-Equity has ranged from 0.62 to 1.94. According to the industry distribution chart, Brown-Forman ranks #115 out of 182 companies in the Beverages - Alcoholic industry, placing it in the top 63.2%.
Is Brown-Forman's Debt-to-Equity too high?
Brown-Forman's current Debt-to-Equity of 0.62 is 33% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.94. The Beverages - Alcoholic industry median Debt-to-Equity is 0.38. Brown-Forman's value of 0.62 is 63.2% above this industry median. Based on the distribution chart, Brown-Forman ranks #115 out of 182 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Brown-Forman has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Brown-Forman's Debt-to-Equity compare to MGPI and AGCC?
According to the Beverages - Alcoholic industry distribution chart, Brown-Forman ranks #115 out of 182 companies for Debt-to-Equity. This places Brown-Forman in the lower half of its industry. The industry median Debt-to-Equity is 0.38. Brown-Forman's value of 0.62 is 63.2% above this benchmark. Historically, Brown-Forman's own Debt-to-Equity has ranged from 0.62 to 1.94 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.38, Brown-Forman has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Beverages - Alcoholic company?
The median Debt-to-Equity among Beverages - Alcoholic companies is 0.38, based on 182 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brown-Forman's current Debt-to-Equity of 0.62 is 63.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Brown-Forman and its competitors. For the Beverages - Alcoholic industry, the median Debt-to-Equity is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brown-Forman's current Debt-to-Equity is 0.62, which is 33% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brown-Forman stock overvalued right now?
Brown-Forman (MEX:BFB) has a current Debt-to-Equity of 0.62. The stock's GF Value™ is MXN652.53, compared to a current price of MXN455.44 — trading 30.2% below its estimated fair value. The current Debt-to-Equity is 0.62, which is 33% below median its 10-year median of 0.93 and 63.2% above the Beverages - Alcoholic industry median of 0.38. Brown-Forman's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Brown-Forman (MEX:BFB), the current Debt-to-Equity is 0.62 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Brown-Forman (MEX:BFB) Overvalued in 2026?
Based on GuruFocus' analysis, Brown-Forman stock appears to be undervalued.
The current stock price of MXN455.44 is trading 30.2% below its estimated GF Value™ of MXN652.53.
Key valuation signals for MEX:BFB:
Debt-to-Equity: 0.62 (33% below median its 10-year median of 0.93)
GF Value™: MXN652.53 vs. price of MXN455.44 (30.2% below fair value)
Industry Position: 63.2% above the Beverages - Alcoholic median (#115 of 182)
No single metric tells the full story. See the MEX:BFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brown-Forman is a US-based manufacturer of premium distilled spirits. It generates over 70% of its revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generated 44% of fiscal 2025 sales from the US, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and 67% of the voting power in the company.
68GF Score
Get the complete analysis for MEX:BFB
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:BFB has been successfully added to your 
