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Brambles Ltd (BXB) Fair Value & Analysis

Industrials · AU · Market cap A$25.1B (≈ $18.1B) · ISIN AU000000BXB1

What is Brambles Ltd really worth?

BL Brambles Ltd BXB · AU
PriceA$19.23
Fair ValueA$17.27
Upside−10.2%
Quality66/100

A solid business, but trading 11% above our fair value of A$17.27.

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Strengths

Solidly profitable · 13.7% net margin
Moderate debt · generates free cash flow
Wide moat 77/100

Risks

!Mixed Growth (revenue 5y +7.1 %/yr)
!Mixed vs. peers (6/15)
!Weak on valuation: 20 out of 100
!Weak on future: 25 out of 100

For context

·3.36% dividend yield
Evidence: High Range A$10.94 – A$24.77

Fair value as of: Aug 20, 2026

From 25 valuation models · updated 16 days ago

Fair value updated Aug 20, 2026, revised from A$12.28 to A$17.27 (+40.6%) since Aug 13, 2026. Share price −2.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (A$10.94 to A$24.77) leaves room in how you read the outcome.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

A$25.86 A$8.22 Fair Value A$17.27 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range A$8.22 – A$25.86 · fair‑value band A$10.94 – A$24.77 · the A$19.23 price screens above the A$17.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Brambles Ltd (BXB) currently trades at A$19.23, while our model-based Fair Value estimate is A$17.27, implying the stock looks roughly 11.3% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of A$11.71 per share, and 1 of the 25 models we run sit above the A$19.23 price. Bear case: the Economic Profit group reads lowest at A$5.19, and 24 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Brambles Ltd generated revenue of A$7.0B at a net margin of 13.7%. Revenue grew 5.0% year over year. It earns a return on equity of 28.1%. Net debt stands at A$2.6B. Fundamentals as of Aug 20, 2026

Our scenario range runs from A$10.94 (bear case) to A$24.77 (bull case); at A$19.23, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at −10%, BXB screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly A$0.3230 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence A$6.46 A$9.94 A$14.98 80
Growth DCF A$6.65 A$9.83 A$14.24 78
Owner Earnings A$5.54 A$8.57 A$12.98 76
All 25 models by family
DCF Models
FCF DCF best evidence A$6.46 A$9.94 A$14.98 80
Owner Earnings A$5.54 A$8.57 A$12.98 76
5Y Revenue Exit A$5.67 A$9.05 A$13.24 72
5Y EBITDA Exit A$10.81 A$18.32 A$26.85 74
5Y P/E Exit A$7.73 A$12.77 A$17.86 70
10Y Revenue Exit A$5.71 A$8.81 A$12.70 66
10Y EBITDA Exit A$9.12 A$15.12 A$22.75 67
10Y P/E Exit A$7.19 A$11.34 A$16.12 63
Earnings-Based
Graham-Dodd A$4.56 A$11.68 A$15.19 65
PEG = 1.0 A$2.18 A$3.12 A$4.06 57
EPV A$6.29 A$7.48 A$8.52 74
Dividend Discount
Gordon GGM A$3.65 A$7.12 A$12.05 66
DDM Multi-Stage A$3.65 A$5.58 A$7.66 66
Multiples
P/E Multiple A$10.57 A$14.09 A$17.61 63
P/S Multiple A$7.68 A$10.24 A$12.80 58
P/B Multiple A$8.47 A$11.29 A$14.11 55
EV/EBIT A$12.24 A$16.61 A$20.97 66
EV/EBITDA A$15.17 A$20.51 A$25.85 67
EV/Revenue A$5.60 A$8.36 A$11.13 53
Asset-Based
NCAV (Graham) A$1.25 A$1.68 A$2.51 54
Growth DCF
Growth DCF A$6.65 A$9.83 A$14.24 78
Rev-Margin DCF A$5.67 A$9.12 A$12.90 72
Economic Profit
Residual Income A$4.15 A$5.19 A$19.65 64
ROIC Compounder A$6.65 A$8.41 A$10.35 72
Growth Earnings
Growth-Adj P/E A$8.20 A$11.71 A$15.23 67

Widest divergence: Growth Earnings (A$11.71) versus Asset-Based (A$1.68). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 20.5
P/S ratio 2.68 P/E × margin
EPS (TTM) A$0.9400 price ÷ EPS = P/E 20.5
Dividend yield 3.4% payout 68.8%
Net margin 13.1% FY2025
Return on equity 28.1% TTM
More key figures
Profitability
Return on assets (EBIT) 11.3% avg 5y
Operating margin 21.8% TTM
Growth
Revenue (TTM) A$7.0B TTM
Revenue growth (YoY) +5.0% 3y avg +7.1%
EPS growth (YoY) +16.0%
Balance sheet & cash flow
Free cash flow A$901M FY2025
Net debt A$2.6B FY2025 · ≈ 2.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 43

Profitability 61
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP Americas, CHEP EMEA, and CHEP Asia-Pacific segments. The company offers platforms to transport goods across their supply chains. Its products include reusable pallets and containers.

Full company description

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP Americas, CHEP EMEA, and CHEP Asia-Pacific segments. The company offers platforms to transport goods across their supply chains. Its products include reusable pallets and containers. The company serves consumer staples, retail, automotive, and general manufacturing industries. Brambles Limited was founded in 1875 and is based in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Brambles Ltd reported revenue of $6.8B in FY2025 versus $5.2B in FY2021, a compound +7.0%/yr. Reported net income was $896M in FY2025, compounding +14.4%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$6.8B
Latest YoY
+1.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. revenue growth/yr (36Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+16.2% (12.8 + 3.4)
Revenue +7.0%/yr
FY21 $5.2B
FY22 $5.6B
FY23 $6.3B
FY24 $6.7B
FY25 $6.8B
Net income +14.4%/yr
FY21 $523M
FY22 $593M
FY23 $713M
FY24 $780M
FY25 $896M
Character of growth · EPS growth decomposed (2014-2025) +2.2 % p.a.
Revenue per share +4.1 %

of which total revenue +2.7 % · buybacks/dilution +1.3 %

EBIT margin +1.2 %
Tax rate −0.9 %
Residual (interest, one-offs) −2.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BXB screens 11% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Brambles Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BXB

Peer Group

Specialty Business Services · 248 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 66 · Top 25%
Fair Value upside −10% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 0.52× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 20.5× · Pricier than median
P/B 5.40× · Pricier than 75% of peers
P/S (TTM) 2.58× · Pricier than 75% of peers
P/FCF 20.1× · Pricier than 75% of peers
EV/EBITDA 9.3× · Pricier than median
PEG 2.57× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE20 · sector 25
FUTURE25 · sector 27
PAST100 · sector 36
HEALTH74 · sector 92
DIVIDEND67 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $204.15 $95.19 −53%
RELX PLC RELX $34.55 $32.24 −7%
Thomson Reuters Corporation TRI C$142.85 C$70.40 −51%
Copart, Inc CPRT $32.76 $28.59 −13%
Global Payments Inc GPN $91.05 $68.98 −24%
RB Global, Inc RBA C$119.68 C$68.30 −43%
UL Solutions Inc ULS $74.43 $33.62 −55%
Wolters Kluwer N.V WKL €68.88 €101.27 +47%
Aramark ARMK $59.08 $13.18 −78%
Rentokil Initial plc RTO $23.55 $19.63 −17%

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Frequently asked questions

Is Brambles Ltd (BXB) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of A$17.27 versus a price of A$19.23, about −10% upside (overvalued).
What is the fair value of BXB?
Our model-based fair value for Brambles Ltd is A$17.27 (as of Aug 20, 2026), built from audited fundamentals. The current price: A$19.23.
What is the quality score of BXB?
Brambles Ltd has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Brambles Ltd (BXB)?
Brambles Ltd reported trailing-twelve-month revenue of about A$7.0B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of BXB?
The net profit margin of Brambles Ltd is about 13.7%, meaning it keeps roughly 13.7% of revenue as net income. Based on the latest reported figures.
Does Brambles Ltd pay a dividend?
Brambles Ltd currently shows a dividend yield of about 3.36% relative to its recent price (as of Aug 20, 2026).
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