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BellRing Brands, Inc. (BRBR) stock analysis

BRBRNYSEFood and Kindred ProductsFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026Score 16/3072% below fair value
$10.01−0.16 (-1.57%)

Close on Nov 11, 2026Market cap $1.16BP/E 7.0Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value6Growth4Performance3Health3Dividend0

Solid16 of 30 checks passed

BellRing Brands passes 16 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
6/6
Growth
4/6
Past performance
3/6
Financial health
3/6
Dividend
0/6

What stands out

  • Margin of safety over 20%

    The price is 71.8% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $10.01 is below our fair value estimate of $35.52.

  • Return on capital over 10%

    Return on invested capital was 36.4%, above the 10% that usually covers the cost of capital.

  • Earnings grew over 5 years

    Net income grew 55.9% a year on average over the last five fiscal years.

What to watch

  • Earnings growth not accelerating

    Net income grew -24.9% over the last twelve months, against a 5-year average of 55.9% a year.

  • Gross margin slipping

    Gross margin was 28.6% over the last twelve months, against 35.4% a year earlier.

  • Net margin below its 5-year average

    Net margin was 7.3% over the last twelve months, against a 5-year average of 8.0%.

  • No dividend

    BellRing Brands has not paid a dividend in the last twelve months.

Valuation6/6

  • P/E below its 5-year median

    BellRing Brands's P/E of 7.0 is below its own 5-year median of 33.5.

  • P/E below the industry

    BellRing Brands's P/E of 7.0 is below the Food and Kindred Products median of 21.0.

  • EV/EBITDA below its 5-year median

    BellRing Brands's EV/EBITDA of 6.8 is below its 5-year median of 18.8.

  • P/S below the industry

    BellRing Brands's price-to-sales of 0.49 is below the Food and Kindred Products median of 0.58 (book value is negative, so we use sales).

  • Trading below fair value

    The share price of $10.01 is below our fair value estimate of $35.52.

  • Margin of safety over 20%

    The price is 71.8% below fair value, more than the 20% cushion we look for.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 19.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 24.1% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -24.9% over the last twelve months, against a 5-year average of 55.9% a year.

  • Growing faster than the industry

    Revenue grew 5.9% over the last twelve months; the Food and Kindred Products median is 1.4%.

  • Guidance raised

    BellRing Brands raised its Fiscal Year 2026 Net Sales outlook on Aug 4, 2026.

  • Gross margin slipping

    Gross margin was 28.6% over the last twelve months, against 35.4% a year earlier.

Past performance3/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 36.4%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 55.9% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 7.3% over the last twelve months, against a 5-year average of 8.0%.

  • Net margin above the industry

    BellRing Brands's net margin of 7.3% is above the Food and Kindred Products median of -4.1%.

Financial health3/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 20.6% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 2.25 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 4.68; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    BellRing Brands has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$35.52

The share price is 72% below this estimate.

20%+ below
Near fair value
20%+ above
$10.01Price$35.52Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E27.3×33.5×21.0×$38.7344%
EV/EBITDA16.2×18.8×13.5×$36.8639%
Earnings power8.0% cost of equity––$23.8417%
Fair value$35.52100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 33.5
  • Food and Kindred Products median 21.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$35.22M
Value traded per 1% price move
$11.65M

Downside

High risk

Typical loss in a bad month
47.5%
Volatility (annualized)
72%
Sharpe ratio, 1 year
-0.95
Beta to the S&P 500 (5Y)
0.63

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2017 to 2025

Gross margin

33.3%−0.9 pts over 5 years

Operating margin

15.4%−1.2 pts over 5 years

Net margin

9.3%+7.0 pts over 5 years

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