Brown-FormanMIL:1BFB 47 PB Ratio is 2.96 as of Jul. 08, 2026, which is 77% below its 10-year median of 12.99. GuruFocus rates MIL:1BFB with a GF Score™ of 47/100 and a GF Value™ of €40.51 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 204 Beverages - Alcoholic companies, Brown-Forman ranks worse than 76.47% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-08), Brown-Forman's share price is €22.18. Brown-Forman's Book Value per Share for the quarter that ended in Apr. 2026 was €7.49. Hence, Brown-Forman's PB Ratio of today is 2.96.
The historical rank and industry rank for Brown-Forman's PB Ratio or its related term are showing as below:
MIL:1BFB'
s PB Ratio Range Over the Past 10 Years
Min: 2.56 Med: 12.99 Max: 22.48
Current: 2.96
During the past 13 years, Brown-Forman's highest PB Ratio was 22.48. The lowest was 2.56. And the median was 12.99.
MIL:1BFB's PB Ratio is ranked worse than 76.47% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 1.62
vs MIL:1BFB: 2.96
During the past 12 months, Brown-Forman's average Book Value Per Share Growth Rate was 3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Brown-Forman was 26.60% per year. The lowest was -9.20% per year. And the median was 8.70% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Brown-Forman PB Ratio Related Terms
Brown-Forman PB Ratio Historical Data
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The historical data trend for Brown-Forman's PB Ratio 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.
For the Beverages - Wineries & Distilleries subindustry, Brown-Forman's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's PB Ratio distribution charts can be found below:
* The bar in red indicates where Brown-Forman's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Brown-Forman's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Brown-Forman (MIL:1BFB) has a PB Ratio of 2.96 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Brown-Forman and its competitors. This is 77% below median its historical median of 12.99. Over the past decade, Brown-Forman's PB Ratio has ranged from 2.56 to 22.48. According to the industry distribution chart, Brown-Forman ranks #156 out of 204 companies in the Beverages - Alcoholic industry, placing it in the top 76.5%.
Is Brown-Forman's PB Ratio too high?
Brown-Forman's current PB Ratio of 2.96 is 77% below median its 10-year median of 12.99. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 22.48. The Beverages - Alcoholic industry median PB Ratio is 1.62. Brown-Forman's value of 2.96 is 82.7% above this industry median. Based on the distribution chart, Brown-Forman ranks #156 out of 204 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Brown-Forman has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brown-Forman's PB Ratio compare to MGPI and SNDL?
According to the Beverages - Alcoholic industry distribution chart, Brown-Forman ranks #156 out of 204 companies for PB Ratio. This places Brown-Forman in the lower half of its industry. The industry median PB Ratio is 1.62. Brown-Forman's value of 2.96 is 82.7% above this benchmark. Historically, Brown-Forman's own PB Ratio has ranged from 2.56 to 22.48 over the past decade. While the company's 10-year median is 12.99 vs. the industry median of 1.62, 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 PB Ratio for a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.62, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brown-Forman's current PB Ratio of 2.96 is 82.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Brown-Forman and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brown-Forman's current PB Ratio is 2.96, which is 77% below median its own 10-year median of 12.99. 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?
Based on GuruFocus' analysis, Brown-Forman (MIL:1BFB) is currently considered Significantly Undervalued. The stock's GF Value™ is €40.51, compared to a current price of €22.18 — trading 45.2% below its estimated fair value. The current PB Ratio is 2.96, which is 77% below median its 10-year median of 12.99 and 82.7% above the Beverages - Alcoholic industry median of 1.62. Brown-Forman's overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Brown-Forman (MIL:1BFB), the current PB Ratio is 2.96 as of Jul. 08, 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 (MIL:1BFB) Overvalued in 2026?
Based on GuruFocus' analysis, Brown-Forman stock appears to be undervalued.
The current stock price of €22.18 is trading 45.2% below its estimated GF Value™ of €40.51.
GuruFocus considers Brown-Forman to be Significantly Undervalued.
Key valuation signals for MIL:1BFB:
PB Ratio: 2.96 (77% below median its 10-year median of 12.99)
GF Value™: €40.51 vs. price of €22.18 (45.2% below fair value)
Industry Position: 82.7% above the Beverages - Alcoholic median (#156 of 204)
No single metric tells the full story. See the MIL:1BFB 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.
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