BRO

Brown & Brown, Inc.

Financial Services · $20.2B market cap

Verdict

Share price

$59.91

close of Oct 3, 2026

Fair value

$57.74

Sticker Price

Payback Price

$23.10

buy price

Fairly Valued

BRO is Fairly Valued: at $59.91 it's within 4% of its fair value of $57.74. Its buy price (Payback Price) is $23.10, 61% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth11.8% a year✓
Equity per share growth10.4% a year✓
Sales growth10.5% a year✓
Free cash flow growth11.0% a year✓
Return on invested capital7.8%✗

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Superinvestors

3 of the investors we track hold BRO. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: First Eagle Investment Management

About Brown & Brown, Inc.

Brown & Brown, Inc. operates as an insurance brokerage firm, providing a diverse range of products and services throughout the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. The company's operations are strategically divided into four primary segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail division delivers a comprehensive suite of property and…

Insurance - Brokers

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works