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Brown & Brown, Inc. (BRO)
Insurance Agents, Brokers & Service
Latest Price
$67.84
TTM P/E
21.74
Normalized P/E
22.66
TTM Div Yield
0.98%
Fwd Div Yield
0.98%
Book Value
37.66
P/B Ratio
1.80
Valuation metrics
adjust assumptions →EPS: $3.16
Book value / share: $16.60
Formula: √(22.5 × EPS × BVPS)
Graham Number
$34.36
49% downside
Norm. op. income: $1.0B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$3.87
94% downside
Base FCF: $941M (median of recent 5yr)
Growth: 15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$79.34
+17% upside
EPS: $3.16
Target P/E: 23×
Formula: EPS × P/E
P/E Fair Value
$72.68
+7% upside
Institutional Ownership
84.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 22.11M | $1.42B | 6.76% | +196.6K | 2026-06-30 |
| Vanguard Capital Management LLC | 18.94M | $1.22B | 5.79% | +20.0K | 2026-06-30 |
| FMR LLC | 18.41M | $1.18B | 5.63% | +2.36M | 2026-06-30 |
| Principal Financial Group Inc | 15.72M | $1.01B | 4.81% | +113.1K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 14.63M | $938.0M | 4.47% | +45.0K | 2026-06-30 |
| State Street Corp | 14.51M | $931.0M | 4.44% | +737.7K | 2026-06-30 |
| Capital World Investors | 14.47M | $927.0M | 4.42% | -2.03M | 2026-06-30 |
| First Eagle Investment Management, LLC | 11.73M | $752.0M | 3.59% | +2.90M | 2026-06-30 |
| Geode Capital Management, LLC | 8.23M | $526.0M | 2.52% | +92.6K | 2026-06-30 |
| Van Lanschot Kempen Investment Management N.V. | 6.71M | $430.0M | 2.05% | +837.8K | 2026-06-30 |