Stock fact sheet · data as of
Brookfield Asset Management Ltd. (BAM): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · High Yield Income
Is BAM undervalued?
Brookfield Asset Management Ltd. (BAM) closed at 45.98 on 16 Oct 2026, 65% above the GLS average fair value of 27.81. 8 of the 9 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 9 models disagree widely: GLS Growth gives 11.96 while Graham Growth gives 63.25. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files BAM under High Yield Income: a dividend yield above 4%.
Nine valuation models for BAM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 17.68 | -62% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.44 | -71% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 63.25 | +38% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.03 | -46% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 11.96 | -74% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 38.04 | -17% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 33.94 | -26% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 27.87 | -39% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 19.13 | -58% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.23 | -103% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 55.58 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: BAM passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 4.9 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are high - ROIC 19.8%, ROE 27.9%, ROA 14.4% - with debt at 0.41 times equity and a free-cash-flow yield of 3.4%.
The dividend yield is high at 4.11% (payout ratio 109%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Infrastructure 34%, Real estate 23%, Energy 22% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 19.8% |
|---|---|---|---|
| GLS Moat | 4.9 / 10 | ROE | 27.9% |
| Debt / equity | 0.41 | ROA | 14.4% |
| Free-cash-flow yield | 3.4% | Payout ratio | 109% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 56: Fair
BAM scores 56 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 0/25, Health 9/20, Moat 7/15, Premium 20/20, Stability 20/20. Value (0/25) is where the points are missing.
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 40,572 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.8M shares a day on a market cap of $73.4B, with a beta of 1.30 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -65% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 7 / 15 | moat 4.9/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 20 / 20 | 2.8M shares/day, $73.4B cap, beta 1.30 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 6 Nov 2026 (before the open), 21 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Brookfield Asset Management Ltd. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AMFCX American Mutual Fund C | 63.46 | 46.45 | -37% | 31No options | $77.0B |
| AMFFX American Funds American Mutual F1 | 64.37 | 34.13 | -89% | 27No options | $78.1B |
| KKR KKR & Co. Inc. | 87.63 | 71.78 | -22% | 57Fair | $78.7B |
| SATA Strive Inc. Perp. Pfd. Series A | 97.67 | - | - | 45Weak | $68.2B |
| BNJ Brookfield Finance Inc. 4.50% P | 14.17 | 6.31 | -124% | 16No options | $81.1B |
| APO Apollo Global Management, Inc. | 111.87 | 180.72 | +38% | 85Prime | $66.1B |
| APOS Apollo Global Management, Inc. | 25.26 | 114.73 | +78% | 39No options | $66.0B |
| BN Brookfield Corporation | 36.81 | 11.46 | -221% | 53Fair | $82.2B |
| BNH Brookfield Finance Inc. | 14.54 | 6.34 | -129% | 16No options | $82.4B |
| VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 13.11 | 3.41 | -285% | 34No options | $86.9B |
| AMPFX AMCAP Fund F-1 | 44.65 | 46.40 | +4% | 39No options | $91.7B |
| RNNEX American Funds The New Economy Fund Class R-2E | 79.19 | 49.06 | -61% | 39No options | $48.9B |
⚖ Compare BAM with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BAM
Is BAM undervalued right now?
No: at 45.98 the stock trades 65% above the GLS average fair value of 27.81 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BAM and what does it mean?
BAM scores 56 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for BAM?
27.81 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Brookfield Asset Management Ltd. report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 21 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BAM have listed options, and how liquid are they?
Yes. The nightly snapshot found 238 listed contracts with 40,572 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.