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Brown & Brown BRO Price / book

Price / book at other companies

Aon plc logo
Aon plcAON
-5.3×
Arthur J. Gallagher logo
Arthur J. GallagherAJG
2.3×-1.6×
Willis Towers Watson logo
Willis Towers WatsonWTW
3.4×-0.7×
W.R. Berkley logo
W.R. BerkleyWRB
2.5×-0.5×
Cincinnati Financial logo
Cincinnati FinancialCINF
1.6×-0.1×
American International Group logo
American International GroupAIG
-0.2×

Other financials

Income statement

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Revenue$1.9B+35.4%
Net income$426.0M+28.7%
EPS (diluted)$1.06-7.8%

Balance sheet

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Cash & equivalents$1.0B+49.9%
Total debt$8.1B+101%
Total assets$29.7B+77.2%

Cash flow

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Operating cash flow$262.0M+23.0%
CapEx$21.0M+23.5%
Free cash flow$241.0M+23.0%

Valuation

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Market cap$20.01B-39.6%
Enterprise value$27.13B-25.9%
P/E17.4×-14.7×
P/S3.1×-3.6×

Profitability

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Net margin17.9%-2.9pp

Returns & leverage

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Return on equity17.1%+1.8pp
Debt / equity0.7×-0.2×
Current ratio-0.2×

Where this comes from

Calculated from Brown & Brown’s reported figures.

Based on the most recent quarter.

The official record: Brown & Brown’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brown & Brown's price / book?
Brown & Brown (BRO) reported price / book of 4× in Q4 2023.
How has Brown & Brown's price / book changed year-over-year?
Brown & Brown's price / book increased by 9.9% year-over-year, from 3.6× to 4×.
What is the long-term trend for Brown & Brown's price / book?
Over 2 years (2021 to 2023), Brown & Brown's price / book has grown at a -3.5% compound annual growth rate (CAGR), from 16.6× to 15.5×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.