Brookfield Asset ManagementBAM +2.15%61 Graham Number is $12.46 as of Mar. 2026, which is 245% above its 10-year median of 3.61. GuruFocus rates BAM with a GF Score™ of 61/100 and a GF Value™ of $57.74 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,173 Asset Management companies, Brookfield Asset Management ranks worse than 95.99% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Brookfield Asset Management's Graham Number or its related term are showing as below:
BAM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.25 Med: 3.61 Max: 4.13
Current: 3.92
During the past 4 years, the highest Price to Graham Number ratio of Brookfield Asset Management was 4.13. The lowest was 2.25. And the median was 3.61.
BAM's Price-to-Graham-Number is ranked worse than 95.99% of 1173
companies
in the Asset Management industry
Industry Median: 0.71
vs BAM: 3.92
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Brookfield Asset Management (NYSE:BAM) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Brookfield Asset Management's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
46.855
/
12.46
=
3.76
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Brookfield Asset Management Graham Number Related Terms
Brookfield Asset Management Graham Number Historical Data
* 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.
For the Asset Management subindustry, Brookfield Asset Management's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.
Brookfield Asset Management Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Brookfield Asset Management's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Brookfield Asset Management's Price-to-Graham-Number 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.
Brookfield Asset Management (BAM) has a Graham Number of $12.46 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Brookfield Asset Management and its competitors. This is 245% above median its historical median of 3.61. Over the past decade, Brookfield Asset Management's Graham Number has ranged from 2.25 to 4.13. According to the industry distribution chart, Brookfield Asset Management ranks #1126 out of 1173 companies in the Asset Management industry, placing it in the top 96%.
Is Brookfield Asset Management's Graham Number too high?
Brookfield Asset Management's current Graham Number of $12.46 is 245% above median its 10-year median of 3.61. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 4.13. The Asset Management industry median Graham Number is 0.71. Brookfield Asset Management's value of $12.46 is 1654.9% above this industry median. Based on the distribution chart, Brookfield Asset Management ranks #1126 out of 1173 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Brookfield Asset Management has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brookfield Asset Management's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, Brookfield Asset Management ranks #1126 out of 1173 companies for Graham Number. This places Brookfield Asset Management in the lower half of its industry. The industry median Graham Number is 0.71. Brookfield Asset Management's value of $12.46 is 1654.9% above this benchmark. Historically, Brookfield Asset Management's own Graham Number has ranged from 2.25 to 4.13 over the past decade. While the company's 10-year median is 3.61 vs. the industry median of 0.71, Brookfield Asset Management 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 Graham Number for an Asset Management company?
The median Graham Number among Asset Management companies is 0.71, based on 1,173 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brookfield Asset Management's current Graham Number of $12.46 is 1654.9% 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Brookfield Asset Management and its competitors. For the Asset Management industry, the median Graham Number is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brookfield Asset Management's current Graham Number is $12.46, which is 245% above median its own 10-year median of 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brookfield Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Brookfield Asset Management (BAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $57.74, compared to a current price of $46.86 — trading 18.9% below its estimated fair value. The current Graham Number is $12.46, which is 245% above median its 10-year median of 3.61 and 1654.9% above the Asset Management industry median of 0.71. Brookfield Asset Management's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Brookfield Asset Management (BAM), the current Graham Number is $12.46 as of Mar. 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 Brookfield Asset Management (BAM) Overvalued in 2026?
Based on GuruFocus' analysis, Brookfield Asset Management stock appears to be undervalued.
The current stock price of $46.86 is trading 18.9% below its estimated GF Value™ of $57.74.
GuruFocus considers Brookfield Asset Management to be Modestly Undervalued.
Key valuation signals for BAM:
Graham Number: $12.46 (245% above median its 10-year median of 3.61)
GF Value™: $57.74 vs. price of $46.86 (18.9% below fair value)
Industry Position: 1654.9% above the Asset Management median (#1126 of 1173)
No single metric tells the full story. See the BAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brookfield Asset Management is one of the world's largest alternative-asset managers, with USD 1.181 trillion in total managed assets, including USD 602.7 billion in fee-earning AUM, at the end of 2025. The company has three main business segments: credit strategies (USD 363.0 billion in total AUM and USD 279.4 billion in fee-earning AUM), private equity (USD 155.0 billion/USD 48.0 billion), and real estate/real assets (USD 663.0 billion/USD 275.3 billion). The firm primarily serves institutional investors (90% of AUM) and high-net-worth individuals (10%), and is diversified globally, with 67% of revenue from the Americas, 20% from EMEA, and 13% from Asia-Pacific. Canada-based Brookfield Corp. owns 73% of Brookfield's outstanding Class A shares.
61GF Score
Get the complete analysis for BAM
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BAM has been successfully added to your 
