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BN vs BAM: which stock is the better value?

By Wealth Awesome -
Stocks & ETFs:BN.TOBAM.TO

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Brookfield Asset Management looks cheaper on two of the three valuation measures in this snapshot. But its much higher price-to-book ratio makes the comparison less clear.

Brookfield Corporation (BN) and Brookfield Asset Management Ltd. (BAM) are both in the Financials sector and Financial Services industry group. On 2026-11-03, their latest adjusted closes were C$56.85 and C$71.32, respectively. Share prices alone don’t show which company is cheaper. Valuation multiples offer a more useful, though incomplete, comparison. BAM has the lower P/E and PEG, while BN has the lower P/B. So BAM is cheaper on two of the three measures, but that doesn’t settle which stock offers better value overall.

Investor takeaway: BAM has the lower P/E and PEG, while BN has the lower P/B. These measures reflect different aspects of valuation and don’t show that either stock is undervalued or likely to perform better. For more context, see the company pages for BN and BAM.

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BAM is lower on two of three valuation measures

BAM’s P/E is 29.9, compared with 75.8 for BN. Its PEG is 0.86, versus 1.27 for BN. BN has the lower P/B at 2.13, compared with 10.80 for BAM. The measures point in different directions, and having the lower figure on two of them doesn’t prove BAM is undervalued.

Bull case

BAM has the lower P/E and PEG: 29.9 and 0.86, compared with BN’s 75.8 and 1.27. BAM also has a higher dividend yield, at 2.79% versus 0.45% for BN.

Bear case

BAM’s P/B of 10.80 is much higher than BN’s 2.13, so it doesn’t look cheaper across the board. This snapshot doesn’t explain the gap or show whether either company’s multiples are justified.

How the valuation measures compare

BAM has the lower P/E, at 29.9 versus 75.8 for BN, and the lower PEG, at 0.86 versus 1.27. BN has the lower P/B: 2.13 compared with BAM’s 10.80. So while BAM has the lower figure on two measures, the results are mixed. Each ratio offers a different perspective, and none proves on its own that a stock is cheap or expensive.

The companies also differ on other figures in the snapshot. BAM’s market cap is C$114.9B, compared with C$126.9B for BN. Their reported ROE TTM figures are 26.8% for BAM and 2.3% for BN. These numbers add context, but the snapshot doesn’t explain the businesses or the reasons for the differences.

Yield and snapshot limits

BAM’s dividend yield is 2.79%, compared with 0.45% for BN. That’s a difference in the reported yields, not a promise of future income or dividend growth. The snapshot lists a Strong Sell analyst consensus for both companies and an analyst target of C$0.00 for each. These are reported figures, not a substitute for understanding how they were calculated.

Overall, BAM looks cheaper on P/E and PEG, while BN looks cheaper on P/B. The numbers don’t establish a winner. A fuller assessment would need more information about each company’s operations, financial position, risks and prospects.

Wealth Awesome
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Published: November 4, 2026
Last Updated: November 4, 2026

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