Stock fact sheet · data as of
Brookfield Renewable Partners L.P. (BEP): fair value, margin of safety and Wheel Score
Ticker symbol BEP · Utilities · Renewable Utilities · Canada · Partnership units · Blend Income
BEP trades as units of Brookfield Renewable Partners L.P., a limited partnership: owners receive a K-1 tax form instead of a 1099, and the payouts are distributions rather than dividends.
Is BEP undervalued?
At 30.91 (close of 5 Nov 2026), BEP trades 139% over the GLS average fair value of 12.93, with 0 of 6 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between GLS Growth (0.5401) and Graham Growth (25.40). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for BEP, so the nightly engine files it under Blend (value score 26, growth score 34, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BEP
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 12.58 | -59% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 25.40 | -18% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 10.94 | -65% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.5401 | -98% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 22.79 | -26% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 5.35 | -83% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -171.05 | -653% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 37.60 | +22% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Brookfield Renewable Partners L.P. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.2/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -0.0%, ROE -0.4%, ROA -0.0% - with debt at 7.78 times equity and negative free cash flow. Debt of 7.78 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 5.01% (payout ratio 821%) - 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.
Institutional ownership scores 8/10, insider activity 5/10 and Congressional trading 8/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.0% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | -0.4% |
| Debt / equity | 7.78 | ROA | -0.0% |
| Free-cash-flow yield | -50.9% | Payout ratio | 821% |
| Institutions | 8 / 10 | Insiders · Congress | 5 · 8 / 10 |
Wheel Score 31: Weak
With a Wheel Score of 31 Brookfield Renewable Partners L.P. sits in the Weak band. It fails filter 3, below fair value - trades 139% above our fair value; and filter 5, can repay its debt - 18.0 years to repay its debt (over 6); and filter 6, no serious red flags - Red Flags score 55 (under 60); Value (weak) is its weakest part.
Implied volatility is 40% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,421 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.2M shares a day on a market cap of $9.3B, with a beta of 1.06; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 139% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 18.0 years to repay its debt (over 6) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 139% above fair value | |
| Premium | Strong | implied volatility 40% | |
| Moat | Fair | moat 4.2/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 118 contracts a day, 4,421 open interest | |
| Stability | Good | beta 1.06, $9.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 29 Jan 2027, 85 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Renewable Utilities
The 12 companies below are the closest to Brookfield Renewable Partners L.P. by market cap within the Renewable Utilities 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 |
|---|---|---|---|---|---|
| BEPI Brookfield Renewable Partners L.P. | 14.73 | 9.25 | -59% | 18No options | $9.3B |
| BEPH Brookfield BRP Holdings (Canada) Inc 4.625 % Notes 2021-Without Fixed Maturity Global Sub | 13.88 | 9.06 | -53% | 14No options | $9.2B |
| ENLT Enlight Renewable Energy Ltd | 67.65 | 24.36 | -178% | 36Weak | $9.5B |
| CWEN Clearway Energy, Inc. | 35.71 | 115.85 | +69% | 46Weak | $7.3B |
| ORA Ormat Technologies, Inc. | 94.34 | 34.84 | -171% | 42Weak | $5.8B |
| BEPC Brookfield Renewable Corporation | 31.56 | 22.79 | -38% | 26Weak | $4.8B |
| MWH SOLV Energy, Inc. Class A Common Stock | 26.35 | 14.78 | -78% | 31Weak | $3.3B |
| FRVO Fervo Energy Company | 8.90 | 0.7405 | -1102% | 22Weak | $2.6B |
| RNW ReNew Energy Global Plc | 6.93 | 12.45 | +44% | 48Weak | $2.5B |
| XIFR XPLR Infrastructure, LP | 7.72 | 37.05 | +79% | 51Fair | $728M |
| GFUZ General Fusion Group Ltd. | 5.66 | 1.41 | -301% | 15Weak | $457M |
| ELLO Ellomay Capital Ltd. | 18.80 | 103.26 | +82% | 26No options | $259M |
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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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 BEP
Is BEP undervalued right now?
No: at 30.91 the stock trades 139% above the GLS average fair value of 12.93 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BEP and what does it mean?
BEP scores 31 out of 100 (Weak) - it fails Wheel Trade Filters 3, 5, 6. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BEP?
12.93 per share as of 5 Nov 2026 - the simple average of the 6 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 Renewable Partners L.P. report earnings next?
The next earnings report is due on 29 Jan 2027, 85 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BEP have listed options, and how liquid are they?
Yes. The nightly snapshot found 24 listed contracts with 4,421 open interest across all expiries and implied volatility of 40% 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.
Is BEP a partnership?
Yes. BEP trades as units of Brookfield Renewable Partners L.P., a limited partnership: owners receive a K-1 tax form instead of a 1099, and the payouts are distributions rather than dividends.