Brown & Brown, Inc. (BRO)

NYSE · Financials · market cap 19.07B

Share price

$71.87

At the last nightly close

Intrinsic value

$67.10

A single conservative estimate.

Margin of safety

-6.6%

($67.10 − $71.87) ÷ $71.87

EV / EBIT

n/a

Not ranked: financial sector.

How these numbers are computed

The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.

The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.

The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.

Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-08-24.

Key metrics

Price / earnings22.7
Price / book1.9
EV / EBITDA12.8
FCF / EVn/a
Return on equity+9.8%
Return on assets+3.9%
Debt / equity0.64
Gross margin+49.8%

Market position

52-week high$81.71
52-week low$54.25
From 52-week high-12.0%
RSI (14)60.2
200-day moving average$67.94

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY5.76B1.50B1.05B3.371.38B
2024-FY4.71B1.37B993.0M3.481.09B
2023-FY4.20B1.16B871.0M3.07941.0M
2022-FY3.56B963.0M672.0M2.38829.0M
2021-FY3.05Bn/a587.1M2.07763.8M

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q1 2027 expectedJanuary 25, 2027
Consensus EPS estimate0.91

Recent news

The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on BRO.

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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.