Bellring Brands LLC (BRBR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bellring Brands LLC stock $27.48, price $9.16, upside +200.0%, quality 70 out of 100. Rating: strongly undervalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $7.40 – $79.39 · fair‑value band $14.43 – $35.73 · the $9.16 price screens below the $27.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Bellring Brands LLC in your weekly email
Every Wednesday you see whether Bellring Brands LLC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, protein powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands.
Show moreShow less
It distributes its products through club stores, food, drug and mass retailers, e-commerce, online and specialty retailers, and convenience stores channels. BellRing Brands, Inc. was incorporated in 2019 and is headquartered in Saint Louis, Missouri.
Stock analysis
Bellring Brands LLC (BRBR) currently trades at $9.16, while our model-based Fair Value estimate is $27.48, implying the stock looks roughly 67% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $49.35 per share, and 21 of the 21 models we run sit above the $9.16 price.
Bear case: the Economic Profit group reads lowest at $22.78, and 0 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: $14.43 (bear) to $35.73 (bull), the price of $9.16 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bellring Brands LLC reported revenue of $2.3B in FY2025 versus $1.2B in FY2021, a compound +16.7%/yr. Reported net income was $216M in FY2025, compounding +67.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $1.1B Small · P/E ratio 6.5 · P/S ratio 0.45 · EPS (TTM) $1.42 · Net margin 7.3% · Return on equity 61.5% · Return on assets (EBIT) 36.0% (5-year average) · Operating margin 11.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 72% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 200%, BRBR screens cheaper than that median.
Fair Value models
Bear$14.43Fair Value $27.48Bull$35.73
Price $9.16 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($1.42 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors bought shares worth $56,960, most recently on Sep 8, 2026. Buying cluster
BuyShawn ConwayDirector2,022 shares at $9.89$20,000Sep 8, 2026
BuyDavid Isaiah FinkelsteinDirector2× since Feb 13, 2026: 6,000 shares, avg. $12.08$72,460May 13, 2026
SaleDouglas J CornilleCHIEF GROWTH OFFICER3,970 shares at $30.93$122,792Dec 1, 202510b5-1 plan
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+19.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.8%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−10.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.19.2% vs 11.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 15%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 4.5%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −7.8% a year for the price and −0.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (93 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Packaged Foods · 627 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets23.0% · Top 25%
Net margin (12 months)7.3% · Above median
Operating margin (12 months)11.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.2% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (12 months)6.5× · Cheapest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Bellring Brands LLC (BRBR) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $27.48 versus a price of $9.16, about +200% upside (undervalued).
What is the fair value of BRBR?
Our model-based fair value for Bellring Brands LLC is $27.48 (as of Nov 7, 2026), built from audited fundamentals. The current price: $9.16.
What is the quality score of BRBR?
Bellring Brands LLC has a Quality Score of 70/100. 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 price target for Bellring Brands LLC (BRBR)?
Our model-based price target is the fair value of $27.48 (as of Nov 7, 2026) from 21 valuation models. Cautious scenario $14.43, optimistic scenario $35.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Bellring Brands LLC stock forecast for 2026?
Our models put fair value at $27.48, about +200% upside versus a price of $9.16 (undervalued). Cautious scenario $14.43, optimistic scenario $35.73. The calculation is refreshed regularly with new filings.
What is the revenue of Bellring Brands LLC (BRBR)?
Bellring Brands LLC reported trailing-twelve-month revenue of about $2.4B (latest available figure, as of Nov 7, 2026).
What growth is priced into Bellring Brands LLC (BRBR)?
For today's price to be fair in a discounted-cash-flow model, Bellring Brands LLC would have to grow free cash flow by -5.6 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BRBR use?
Our models discount Bellring Brands LLC at 9.9 %: a base by market capitalisation (small), damped by beta 0.51, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bellring Brands LLC that is -5.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Bellring Brands LLC (BRBR) delivered so far?
Over the past 5 years revenue at Bellring Brands LLC grew +18.6 % a year. The price currently implies free-cash-flow growth of -5.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bellring Brands LLC (BRBR) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Bellring Brands LLC (-5.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bellring Brands LLC (BRBR)?
The free-cash-flow yield on the price is 23.96 %: that much free cash flow Bellring Brands LLC produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bellring Brands LLC (BRBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bellring Brands LLC it is $27.48 per share (as of Nov 7, 2026), against a price of $9.16. It is the blended result of 21 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Bellring Brands LLC stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BRBR trades below its calculated fair value: price $9.16, fair value $27.48, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BRBR?
No. The price is what the market pays today ($9.16); the fair value is what the company's own numbers justify ($27.48). For Bellring Brands LLC the two are $18.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bellring Brands LLC worth?
The market values Bellring Brands LLC at about $1.1B (market capitalisation, as of Nov 7, 2026). Per share that is $9.16; our models calculate a fair value of $27.48 per share.
What do the bullish and bearish scenarios say about BRBR?
Our models span a range for Bellring Brands LLC: cautious scenario $14.43, base $27.48, optimistic $35.73 per share (as of Nov 7, 2026, price $9.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BRBR?
Bellring Brands LLC trades at a price-to-earnings ratio of 6.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $27.48 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2020, FY2021, FY2022 ex one-offs: 18.9. Other multiples: P/S 0.5, EV/EBITDA 6.2.
How solid is the balance sheet of Bellring Brands LLC (BRBR)?
Balance-sheet figures for Bellring Brands LLC (as of Nov 7, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is BRBR from its 52-week high?
Bellring Brands LLC trades at $9.16, about 72% below its 52-week high of $33.30 and 24% above the low of $7.40 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $27.48 is for.
Which stocks are comparable to Bellring Brands LLC?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bellring Brands LLC stock attractive at the current price?
The data as of Nov 7, 2026: price $9.16, calculated fair value $27.48 (+200%), Quality Score 70/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BRBR calculated?
We run Bellring Brands LLC through 21 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $27.48 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Bellring Brands LLC currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bellring Brands LLC (BRBR)?
The closing price on Nov 6, 2026 was $9.16. Our model-based fair value is $27.48, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bellring Brands LLC right now?
The price is below even our cautious bear case ($14.43). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (70/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($14.43 to $35.73) leaves room in how you read the outcome.
Key figures of Bellring Brands LLC
How large is the market capitalisation of Bellring Brands LLC (BRBR)?
The market capitalisation of Bellring Brands LLC is $1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bellring Brands LLC (BRBR)?
The price-to-sales ratio of Bellring Brands LLC is 0.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bellring Brands LLC (BRBR)?
Earnings per share at Bellring Brands LLC are $1.42 (price ÷ EPS = P/E 6.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bellring Brands LLC (BRBR)?
The net margin of Bellring Brands LLC is 7.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bellring Brands LLC (BRBR)?
The return on equity (ROE) of Bellring Brands LLC is 61.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bellring Brands LLC (BRBR)?
On an EBIT basis the return on assets of Bellring Brands LLC is 36.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bellring Brands LLC (BRBR)?
The operating margin of Bellring Brands LLC is 11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bellring Brands LLC (BRBR)?
Revenue at Bellring Brands LLC is growing +4.2% versus a year earlier (3y avg +19.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bellring Brands LLC (BRBR)?
Earnings per share at Bellring Brands LLC are growing +81.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bellring Brands LLC (BRBR) carry?
The net debt of Bellring Brands LLC is $1.0B (fiscal year 2025, ≈ 4.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Bellring Brands LLC in the live analysis
One click puts Bellring Brands LLC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 7, 2026