Stock fact sheet · data as of
Brookfield Infrastructure Partners L.P. (BIP): fair value, margin of safety and Wheel Score
Ticker symbol BIP · Utilities · Diversified Utilities · Bermuda · Partnership units · Growth Income
BIP trades as units of Brookfield Infrastructure 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 BIP undervalued?
BIP closed at 38.17 on 5 Nov 2026, more than 30% above the GLS average fair value of 26.63. Only 1 of the 7 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
There is a wide gap between EPV (9.83) and 10 Cap (69.25). 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, BIP is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 18, growth score 58, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BIP
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 | 14.96 | -61% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 33.01 | -14% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.12 | -66% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 19.81 | -48% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 69.25 | +81% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 26.41 | -31% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 9.83 | -74% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -175.10 | -559% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 47.00 | +23% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Brookfield Infrastructure Partners L.P. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of 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 4.5/10 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 0.6%, ROE 8.0%, ROA 0.4% - with debt at 12.30 times equity and negative free cash flow. Debt of 12.30 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 4.70% (payout ratio 524%) - 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 7/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 0.6% |
|---|---|---|---|
| GLS Moat | 4.5 / 10 | ROE | 8.0% |
| Debt / equity | 12.30 | ROA | 0.4% |
| Free-cash-flow yield | -3.3% | Payout ratio | 524% |
| Institutions | 7 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 26: Weak
With a Wheel Score of 26 Brookfield Infrastructure Partners L.P. sits in the Weak band. It fails filter 3, below fair value - trades 43% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 9.7 years to repay its debt (over 6); Value (weak) is its weakest part.
Implied volatility is 29% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 1,745 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.3M shares a day on a market cap of $17.6B, with a beta of 1.04; 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 43% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 9.7 years to repay its debt (over 6) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 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 | 43% above fair value | |
| Premium | Fair | implied volatility 29% | |
| Moat | Fair | moat 4.5/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 117 contracts a day, 1,745 open interest | |
| Stability | Good | beta 1.04, $17.6B 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
Brookfield Infrastructure Partners L.P. reports earnings on 6 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Diversified Utilities
The 9 companies below are the closest to Brookfield Infrastructure Partners L.P. by market cap within the Diversified 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 |
|---|---|---|---|---|---|
| AQNB Algonquin Power & Utilities Corp. | 25.57 | 15.25 | -68% | 21No options | $18.8B |
| SREA Sempra | 18.82 | 25.40 | +26% | 34No options | $12.3B |
| AES The AES Corporation | 14.90 | 42.67 | +65% | 55Fair | $10.6B |
| SRE Sempra | 82.90 | 54.43 | -52% | 33Weak | $54.2B |
| BIPH Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global | 15.25 | 18.88 | +19% | 21No options | $5.6B |
| AQN Algonquin Power & Utilities Corp. | 5.64 | 3.35 | -68% | 31Weak | $4.3B |
| AVA Avista Corporation | 40.17 | 39.98 | -0% | 23Weak | $3.4B |
| UTL Unitil Corporation | 56.54 | 34.87 | -62% | 30Weak | $1.0B |
| TVC Tennessee Valley Authority | 23.88 | 18,707.36 | +100% | 31No options | $13M |
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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 BIP
Is BIP undervalued right now?
No: at 38.17 the stock trades 43% above the GLS average fair value of 26.63 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BIP and what does it mean?
BIP scores 26 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 5. 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 BIP?
26.63 per share as of 5 Nov 2026 - the simple average of the 7 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 Infrastructure Partners L.P. report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 1 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BIP have listed options, and how liquid are they?
Yes. The nightly snapshot found 42 listed contracts with 1,745 open interest across all expiries and implied volatility of 29% 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 BIP a partnership?
Yes. BIP trades as units of Brookfield Infrastructure 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.