BXB

 BXB brambles

2026

https://www.marketindex.com.au/asx/bxb

https://koalagains.com/stocks/ASX/bxb

https://stockanalysis.com/quote/asx/bxb/statistics/

https://www.tradingview.com/symbols/ASX-BXB/financials-overview/

https://www.fool.com.au/tickers/asx-bxb/

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Over the last five years, Brambles Limited (ASX: BXB) has delivered steady revenue and profit growth, supported by pricing realization in its CHEP pallet pooling business. Net profit margins expanded from roughly 11% to over 13.5%, return on equity (ROE) strengthened to around 28%, and net debt remained stable relative to its growing earnings base. [1, 2, 3, 4]

Profit and Revenue Trends

Revenue Growth: Sales grew at a 5-year compound annual growth rate (CAGR) of over 6%, moving past AUD $10 billion in recent tracked periods. [1, 2]
Net Profit & Margins: Net profit increased consistently, driven by pricing power and supply chain efficiencies. Net profit margins improved from about 11.2% up to roughly 13.7%. [1, 2, 3, 4]
Earnings Per Share (EPS): EPS has seen average annual growth of roughly 12% to 15% over medium-term periods. [1, 2]

Return on Equity (ROE) and Efficiency

ROE Growth: ROE has climbed steadily over the 5-year stretch, rising from under 20% toward approximately 28.1%.
Return on Invested Capital (ROIC): Improved asset management and operational margins pushed ROIC up into the 15% to 16% range. [1, 2]

Debt and Financial Health

Debt Levels: Long-term and total debt figures have hovered near US $2.7B–$3.8B depending on currency reporting and lease liabilities, but financial leverage has stayed manageable. [1]
Debt-to-Equity: Total debt-to-equity sits around 85% to 94%, while the net debt-to-EBITDA ratio compressed over the 5-year window from over 1.8x down toward roughly 1.3x–1.4x, showing stronger cash generation relative to debt. [1, 2]

You can track up-to-date data, financial forecasts, and valuation metrics for the company on platforms like Stockopedia. [1]

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The 10-year historical average Price-to-Earnings (P/E) ratio for Brambles Limited (ASX: BXB) is approximately 23.97, while its median stands at 21.36. As of August 2026, its current trailing 12-month (TTM) P/E ratio floats around 18.5 to 20.7. [1, 2, 3]

Year-by-Year Historical P/E Ratios

The following table tracks the P/E ratio for Brambles on the ASX at the close of each calendar year over the last decade: [1, 2]

Year	P/E Ratio	Key Driver / Context
2025	~18.6	Strong earnings growth normalized the multiple after a massive 2024 surge.
2024	17.3	Increased pricing and supply chain efficiencies lifted EPS, pushing down the P/E.
2023	18.7	High global inflation caused pool pallet constraints, keeping multiples steady.
2022	16.6	Stock corrected downward due to macro tech and growth sector rot.
2021	19.8	Elevated logistics demand during global pandemic supply shocks.
2020	22.8	Shift towards grocery/essential consumer goods distribution spiked investor interest.
2019	8.23	Sharp contraction following the divestment of its IFCO reusable plastic containers business.
2018	11.0	Restructuring costs and US lumber cost inflation suppressed valuations.
2017	48.7	Spike caused by temporary underlying net profit drops from asset write-downs.
2016	17.7	Steady growth phase across the US and European supply chains.

Historical Extremes

10-Year High: 78.88 reached during the June 2017 quarter due to a steep, temporary plunge in statutory earnings.
10-Year Low: 3.30 touched briefly in the June 2019 quarter following one-off capital returns and cash inflows from major business divestments. [1]

Investment Considerations

Sector Benchmarking: BXB’s current 18.5–20.7 P/E runs slightly cheaper than its overall 10-year average, but it commands a premium relative to standard global logistics peers because of its circular economic model and capital-moat scale. [1, 2]
Earnings Predictability: Historically, spikes in BXB's P/E are rarely driven by wild share price bubbles. Instead, they usually reflect localized global lumber price surges or one-off portfolio restructures impacting the "E" (earnings) side of the equation.

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2026

Brambles Limited (ASX: BXB) maintains a positive economic spread where its Return on Invested Capital (ROIC) consistently exceeds its Weighted Average Cost of Capital (WACC). Over the past 10 years, ROIC has generally ranged between 10% and 15%, while the 10-year median WACC sits lower at approximately 6.63%, though recent metrics place current WACC higher near 9.59% and ROIC around 10.13% to 14.8%, indicating healthy long-term value creation. [1, 2, 3, 4]

Current vs. Historical Spreads

Current ROIC: ~10.13% to 14.8% (depending on trailing or average calculation periods).
Current WACC: ~9.59% (elevated compared to historical averages).
10-Year Median WACC: ~6.63%.
Economic Spread: Consistently positive, meaning returns comfortably outpace the cost of raising capital. [1, 2]

https://www.gurufocus.com/term/wacc/ASX:BXB

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