AEG vs. BAM: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at AEG and BAM, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

BAM’s market capitalization of 91.61 billion USD is significantly greater than AEG’s 11.53 billion USD, highlighting its more substantial market valuation.

BAM carries a higher beta at 1.87, indicating it’s more sensitive to market moves, while AEG (beta: 0.90) exhibits greater stability.

AEG trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, BAM is a standard domestic listing.

Symbol	AEG	BAM
Company Name	Aegon N.V.	Brookfield Asset Management Ltd.
Country	NL	CA
Sector	Financial Services	Financial Services
Industry	Insurance - Diversified	Asset Management
CEO	E. Lard Friese	James Bruce Flatt
Price	7.28 USD	56.81 USD
Market Cap	11.53 billion USD	91.61 billion USD
Beta	0.90	1.87
Exchange	NYSE	NYSE
IPO Date	June 28, 1985	December 1, 2022
ADR	Yes	No

Historical Performance

This chart compares the performance of AEG and BAM by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

AEG vs. BAM: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

AEG

7.56%

Insurance - Diversified Industry

Max: 19.59%
Q3: 17.66%
Median: 12.77%
Q1: 7.56%
Min: -4.43%

AEG’s Return on Equity of 7.56% is on par with the norm for the Insurance - Diversified industry, indicating its profitability relative to shareholder equity is typical for the sector.

BAM

22.44%

Asset Management Industry

Max: 34.25%
Q3: 18.22%
Median: 11.24%
Q1: 5.81%
Min: -5.72%

In the upper quartile for the Asset Management industry, BAM’s Return on Equity of 22.44% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

AEG vs. BAM: A comparison of their ROE against their respective Insurance - Diversified and Asset Management industry benchmarks.

Return on Invested Capital

AEG

14,778.17%

Insurance - Diversified Industry

Max: 32.46%
Q3: 16.21%
Median: 9.46%
Q1: 2.09%
Min: -10.51%

Return on Invested Capital is often not a primary measure of capital efficiency in the Insurance - Diversified industry.

BAM

6.62%

Asset Management Industry

Max: 42.18%
Q3: 20.06%
Median: 8.68%
Q1: 3.13%
Min: -16.42%

BAM’s Return on Invested Capital of 6.62% is in line with the norm for the Asset Management industry, reflecting a standard level of efficiency in generating profits from its capital base.

AEG vs. BAM: A comparison of their ROIC against their respective Insurance - Diversified and Asset Management industry benchmarks.

Net Profit Margin

AEG

2.60%

Insurance - Diversified Industry

Max: 26.00%
Q3: 19.46%
Median: 9.37%
Q1: 5.55%
Min: -7.05%

Falling into the lower quartile for the Insurance - Diversified industry, AEG’s Net Profit Margin of 2.60% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

BAM

65.26%

Asset Management Industry

Max: 91.66%
Q3: 57.81%
Median: 29.48%
Q1: 15.70%
Min: -27.65%

A Net Profit Margin of 65.26% places BAM in the upper quartile for the Asset Management industry, signifying strong profitability and more effective cost management than most of its peers.

AEG vs. BAM: A comparison of their Net Profit Margin against their respective Insurance - Diversified and Asset Management industry benchmarks.

Operating Profit Margin

AEG

25.84%

Insurance - Diversified Industry

Max: 44.52%
Q3: 25.84%
Median: 14.16%
Q1: 6.78%
Min: -2.60%

AEG’s Operating Profit Margin of 25.84% is around the midpoint for the Insurance - Diversified industry, indicating that its efficiency in managing core business operations is typical for the sector.

BAM

54.57%

Asset Management Industry

Max: 99.76%
Q3: 78.28%
Median: 34.76%
Q1: 21.75%
Min: -48.25%

BAM’s Operating Profit Margin of 54.57% is around the midpoint for the Asset Management industry, indicating that its efficiency in managing core business operations is typical for the sector.

AEG vs. BAM: A comparison of their Operating Margin against their respective Insurance - Diversified and Asset Management industry benchmarks.

Profitability at a Glance

Symbol	AEG	BAM
Return on Equity (TTM)	7.56%	22.44%
Return on Assets (TTM)	0.21%	6.82%
Return on Invested Capital (TTM)	14778.17%	6.62%
Net Profit Margin (TTM)	2.60%	65.26%
Operating Profit Margin (TTM)	25.84%	54.57%
Gross Profit Margin (TTM)	100.00%	60.27%

Financial Strength

Current Ratio

AEG

Insurance - Diversified Industry

Max: 4.41
Q3: 4.03
Median: 2.86
Q1: 2.82
Min: 2.82

Current Ratio data for AEG is currently unavailable.

BAM

1.68

Asset Management Industry

Max: 12.44
Q3: 5.76
Median: 3.04
Q1: 1.03
Min: 0.01

BAM’s Current Ratio of 1.68 aligns with the median group of the Asset Management industry, indicating that its short-term liquidity is in line with its sector peers.

AEG vs. BAM: A comparison of their Current Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Debt-to-Equity Ratio

AEG

0.54

Insurance - Diversified Industry

Max: 0.54
Q3: 0.39
Median: 0.27
Q1: 0.21
Min: 0.13

AEG’s leverage is in the upper quartile of the Insurance - Diversified industry, with a Debt-to-Equity Ratio of 0.54. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

BAM

0.08

Asset Management Industry

Max: 2.62
Q3: 1.42
Median: 0.76
Q1: 0.34
Min: 0.01

Falling into the lower quartile for the Asset Management industry, BAM’s Debt-to-Equity Ratio of 0.08 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

AEG vs. BAM: A comparison of their D/E Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Interest Coverage Ratio

AEG

1,113.58

Insurance - Diversified Industry

Max: 19.23
Q3: 17.46
Median: 7.97
Q1: 4.61
Min: -1.63

With an Interest Coverage Ratio of 1,113.58, AEG demonstrates a superior capacity to service its debt, placing it well above the typical range for the Insurance - Diversified industry. This stems from either robust earnings or a conservative debt load.

BAM

2.89

Asset Management Industry

Max: 13.30
Q3: 6.30
Median: 2.71
Q1: 1.00
Min: -6.91

BAM’s Interest Coverage Ratio of 2.89 is positioned comfortably within the norm for the Asset Management industry, indicating a standard and healthy capacity to cover its interest payments.

AEG vs. BAM: A comparison of their Interest Coverage against their respective Insurance - Diversified and Asset Management industry benchmarks.

Financial Strength at a Glance

Symbol	AEG	BAM
Current Ratio (TTM)	--	1.68
Quick Ratio (TTM)	--	1.68
Debt-to-Equity Ratio (TTM)	0.54	0.08
Debt-to-Asset Ratio (TTM)	0.02	0.04
Net Debt-to-EBITDA Ratio (TTM)	0.39	0.21
Interest Coverage Ratio (TTM)	1113.58	2.89

Growth

The following charts compare key year-over-year (YoY) growth metrics for AEG and BAM. These metrics are based on the companies’ annual financial reports.

Revenue Growth

AEG vs. BAM: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

AEG vs. BAM: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

AEG vs. BAM: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

AEG

5.02%

Insurance - Diversified Industry

Max: 8.16%
Q3: 5.54%
Median: 2.46%
Q1: 1.59%
Min: 0.00%

AEG’s Dividend Yield of 5.02% is consistent with its peers in the Insurance - Diversified industry, providing a dividend return that is standard for its sector.

BAM

2.88%

Asset Management Industry

Max: 26.09%
Q3: 11.60%
Median: 6.37%
Q1: 2.75%
Min: 0.00%

BAM’s Dividend Yield of 2.88% is consistent with its peers in the Asset Management industry, providing a dividend return that is standard for its sector.

AEG vs. BAM: A comparison of their Dividend Yield against their respective Insurance - Diversified and Asset Management industry benchmarks.

Dividend Payout Ratio

AEG

101.86%

Insurance - Diversified Industry

Max: 101.86%
Q3: 53.36%
Median: 21.69%
Q1: 5.33%
Min: 0.00%

AEG’s Dividend Payout Ratio of 101.86% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

BAM

35.41%

Asset Management Industry

Max: 1,034.88%
Q3: 127.70%
Median: 75.15%
Q1: 34.21%
Min: 0.00%

BAM’s Dividend Payout Ratio of 35.41% is within the typical range for the Asset Management industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

AEG vs. BAM: A comparison of their Payout Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Dividend at a Glance

Symbol	AEG	BAM
Dividend Yield (TTM)	5.02%	2.88%
Dividend Payout Ratio (TTM)	101.86%	35.41%

Valuation

Price-to-Earnings Ratio

AEG

18.09

Insurance - Diversified Industry

Max: 18.52
Q3: 16.13
Median: 13.33
Q1: 9.73
Min: 2.62

A P/E Ratio of 18.09 places AEG in the upper quartile for the Insurance - Diversified industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

BAM

89.87

Asset Management Industry

Max: 38.72
Q3: 23.40
Median: 11.45
Q1: 8.80
Min: 1.54

At 89.87, BAM’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Asset Management industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

AEG vs. BAM: A comparison of their P/E Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Forward P/E to Growth Ratio

AEG

2.03

Insurance - Diversified Industry

Max: 2.60
Q3: 2.07
Median: 1.20
Q1: 0.77
Min: 0.04

AEG’s Forward PEG Ratio of 2.03 is within the middle range of its peers in the Insurance - Diversified industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.

BAM

5.69

Asset Management Industry

Max: 6.38
Q3: 3.23
Median: 1.55
Q1: 0.89
Min: 0.02

A Forward PEG Ratio of 5.69 places BAM in the upper quartile for the Asset Management industry. This suggests the stock is potentially expensive compared to its peers relative to its growth forecast, which may warrant caution.

AEG vs. BAM: A comparison of their Forward PEG Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Price-to-Sales Ratio

AEG

0.37

Insurance - Diversified Industry

Max: 3.08
Q3: 2.00
Median: 1.15
Q1: 1.07
Min: 0.38

AEG’s P/S Ratio of 0.37 falls below the typical floor for the Insurance - Diversified industry. This could suggest the stock is overlooked or deeply undervalued relative to its sales, but may also reflect significant market concerns about its future.

BAM

58.61

Asset Management Industry

Max: 13.75
Q3: 7.92
Median: 4.87
Q1: 3.51
Min: 0.02

With a P/S Ratio of 58.61, BAM trades at a valuation that eclipses even the highest in the Asset Management industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

AEG vs. BAM: A comparison of their P/S Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Price-to-Book Ratio

AEG

1.33

Insurance - Diversified Industry

Max: 2.12
Q3: 1.80
Median: 1.59
Q1: 1.29
Min: 0.74

AEG’s P/B Ratio of 1.33 is within the conventional range for the Insurance - Diversified industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

BAM

10.80

Asset Management Industry

Max: 5.33
Q3: 2.75
Median: 1.06
Q1: 0.87
Min: 0.00

The P/B Ratio is often not a primary valuation metric for the Asset Management industry.

AEG vs. BAM: A comparison of their P/B Ratio against their respective Insurance - Diversified and Asset Management industry benchmarks.

Valuation at a Glance

Symbol	AEG	BAM
Price-to-Earnings Ratio (P/E, TTM)	18.09	89.87
Forward PEG Ratio (TTM)	2.03	5.69
Price-to-Sales Ratio (P/S, TTM)	0.37	58.61
Price-to-Book Ratio (P/B, TTM)	1.33	10.80
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	10.76	-223.37
EV-to-EBITDA (TTM)	2.84	64.32
EV-to-Sales (TTM)	0.43	58.81