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- Brown-Forman
Brown-Forman Valuation Multiples
Discover revenue and EBITDA valuation multiples for Brown-Forman and similar public comparables like Kirin Holdings, Budweiser APAC, Asahi Group, Jiangsu Yanghe Distillery and more.
Brown-Forman Overview
About Brown-Forman
Brown-Forman is a US-based manufacturer of premium distilled spirits that generates 71% of revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Danielβs and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 45% of sales from its home market, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.
Founded
1933
HQ

Employees
5.0K
Website
Sectors
Financials (LTM)
EV
$16B
Brown-Forman Financials
Brown-Forman reported last 12-month revenue of $4B and EBITDA of $1B.
In the same LTM period, Brown-Forman generated $2B in gross profit, $1B in EBITDA, and $817M in net income.
Revenue (LTM)
Brown-Forman P&L
In the most recent fiscal year, Brown-Forman reported revenue of $4B and EBITDA of $1B.
Brown-Forman expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $817M | XXX | $869M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | β | β | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Brown-Forman Stock Performance
Brown-Forman has current market cap of $13B, and enterprise value of $16B.
Market Cap Evolution
Brown-Forman's stock price is $29.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16B | $13B | 0.0% | XXX | XXX | XXX | $1.89 |
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Start Free TrialBrown-Forman Valuation Multiples
Brown-Forman trades at 4.1x EV/Revenue multiple, and 13.2x EV/EBITDA.
EV / Revenue (LTM)
Brown-Forman Financial Valuation Multiples
As of April 19, 2026, Brown-Forman has market cap of $13B and EV of $16B.
Equity research analysts estimate Brown-Forman's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Brown-Forman has a P/E ratio of 16.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 13.2x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 14.1x | XXX | 13.6x | XXX | XXX | XXX |
| EV/Gross Profit | 6.8x | XXX | 6.8x | XXX | XXX | XXX |
| P/E | 16.5x | XXX | 15.5x | XXX | XXX | XXX |
| EV/FCF | 19.6x | XXX | 31.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Brown-Forman Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Brown-Forman Margins & Growth Rates
Brown-Forman's revenue in the last 12 month grew by 1%.
Brown-Forman's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Brown-Forman's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Brown-Forman's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Brown-Forman Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | (2%) | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 12% | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 19% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Brown-Forman Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Brown-Forman | XXX | XXX | XXX | XXX | XXX | XXX |
| Kirin Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Budweiser APAC | XXX | XXX | XXX | XXX | XXX | XXX |
| Asahi Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Yanghe Distillery | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Beer | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Brown-Forman M&A Activity
Brown-Forman acquired XXX companies to date.
Last acquisition by Brown-Forman was on XXXXXXXX, XXXXX. Brown-Forman acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Brown-Forman
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialBrown-Forman Investment Activity
Brown-Forman invested in XXX companies to date.
Brown-Forman made its latest investment on XXXXXXXX, XXXXX. Brown-Forman invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Brown-Forman
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Brown-Forman
| When was Brown-Forman founded? | Brown-Forman was founded in 1933. |
| Where is Brown-Forman headquartered? | Brown-Forman is headquartered in United States. |
| How many employees does Brown-Forman have? | As of today, Brown-Forman has over 5K employees. |
| Who is the CEO of Brown-Forman? | Brown-Forman's CEO is Lawson E. Whiting. |
| Is Brown-Forman publicly listed? | Yes, Brown-Forman is a public company listed on NYSE. |
| What is the stock symbol of Brown-Forman? | Brown-Forman trades under BF.B ticker. |
| When did Brown-Forman go public? | Brown-Forman went public in 1972. |
| Who are competitors of Brown-Forman? | Brown-Forman main competitors are Kirin Holdings, Budweiser APAC, Asahi Group, Jiangsu Yanghe Distillery. |
| What is the current market cap of Brown-Forman? | Brown-Forman's current market cap is $13B. |
| What is the current revenue of Brown-Forman? | Brown-Forman's last 12 months revenue is $4B. |
| What is the current revenue growth of Brown-Forman? | Brown-Forman revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Brown-Forman? | Current revenue multiple of Brown-Forman is 4.1x. |
| Is Brown-Forman profitable? | Yes, Brown-Forman is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Brown-Forman? | Brown-Forman's last 12 months EBITDA is $1B. |
| What is Brown-Forman's EBITDA margin? | Brown-Forman's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of Brown-Forman? | Current EBITDA multiple of Brown-Forman is 13.2x. |
| What is the current FCF of Brown-Forman? | Brown-Forman's last 12 months FCF is $806M. |
| What is Brown-Forman's FCF margin? | Brown-Forman's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Brown-Forman? | Current FCF multiple of Brown-Forman is 19.6x. |
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