BXP
Daily closes · 1Y (252 sessions) · +6.7% · range 51.02–78.93
The Businesswhat the company reports
Business & cash flow
| OCF / assets | 4.8% |
|---|---|
| FCF / revenue | 35.8% |
| Gross margin | 56.5% |
| ROIC | 4.2% |
| Forward P/E | 32.5 |
This company does not report capital expenditure in the standard filing tag, so free cash flow cannot be derived and FCF/assets is not shown — common for asset managers, REITs, insurers and utilities. OCF/assets is shown instead, and it is the other measure Brown Bear's testing found to survive. Assets are from the latest annual filing (FY2025).
Price vs Earnings growth
Forward EPS growth has outpaced trailing price return by +4.6pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +11.3% |
|---|---|
| Trailing price return (1y) | +6.7% |
| Forward P/E compression | +10.1% |
Figures
| Trailing EPS | 1.88 |
|---|---|
| Forward EPS | 2.09 |
| Trailing P/E | 36.14 |
| Forward P/E | 32.48 |
Revisions
Stable (+2.1%, 10 dates)
Takeaway Price and forward earnings growth are broadly in step; no strong valuation lean either way.
Reported earnings
Revenue Net incomeEPS (GAAP) (-1.45–1.56, own scale) Derived Q4
12 quarters to Q1 26. Revenue and net income share one scale, so the gap between them is the margin. The baseline is zero — bars below it are losses. The line is GAAP EPS — it spans every quarter shown, where the reported figure only goes back as far as the consensus feed does.
| Quarter ending | Revenue | YoY | Net income | EPS (GAAP) | EPS reported | vs consensus | Filed |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | 872.15m | +0.8% | 101.58m | 0.64 | 0.64 | +89.1% | 2026-05-07 |
| 2025-12-31 (derived) | 877.10m | +2.2% | 248.36m | 1.56 | 1.56 | +171.0% | 2026-02-27 |
| 2025-09-30 | 871.51m | +1.4% | -121.71m | -0.77 | -0.33 | -177.3% | 2025-11-07 |
| 2025-06-30 | 868.46m | +2.1% | 88.98m | 0.56 | — | — | 2025-08-06 |
| 2025-03-31 | 865.22m | +3.1% | 61.18m | 0.39 | — | — | 2025-05-06 |
| 2024-12-31 (derived) | 858.57m | +3.6% | -228.85m | -1.45 | — | — | 2025-02-27 |
| 2024-09-30 | 859.23m | +4.2% | 83.63m | 0.53 | — | — | 2024-11-05 |
| 2024-06-30 | 850.48m | +4.1% | 79.61m | 0.51 | — | — | 2024-08-05 |
| 2024-03-31 | 839.44m | — | 79.88m | 0.51 | — | — | 2024-05-10 |
| 2023-12-31 (derived) | 828.93m | — | 119.85m | 0.76 | — | — | 2024-02-27 |
| 2023-09-30 | 824.28m | — | -111.83m | -0.71 | — | — | 2023-11-07 |
| 2023-06-30 | 817.15m | — | 104.30m | 0.66 | — | — | 2023-08-07 |
Earnings response
| Typical move around a filing | ±1.1% |
|---|---|
| On an ordinary two days | ±1.7% — filings move it 0.6× as much |
| Direction | 7 up, 5 down over 12 filings |
Revenue up year on year Revenue down Price move around the filing separate scales — a crossing means nothing
| Quarter ending | Filed | Revenue YoY | Move around filing | Next 20 sessions vs SPY |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | +0.8% | -0.7% | +8.4% |
| 2025-09-30 | 2025-11-07 | +1.4% | +2.2% | -3.9% |
| 2025-06-30 | 2025-08-06 | +2.1% | -0.6% | +14.6% |
| 2025-03-31 | 2025-05-06 | +3.1% | -1.1% | +6.4% |
| 2024-09-30 | 2024-11-05 | +4.2% | +0.8% | -4.8% |
| 2024-06-30 | 2024-08-05 | +4.1% | +2.1% | +3.4% |
| 2024-03-31 | 2024-05-10 | +4.5% | +2.1% | -10.0% |
| 2023-09-30 | 2023-11-07 | +4.3% | -4.2% | +12.8% |
| 2023-06-30 | 2023-08-07 | +5.6% | +0.1% | -3.1% |
| 2023-03-31 | 2023-05-03 | +6.5% | -1.1% | -5.7% |
| 2022-09-30 | 2022-11-04 | +8.3% | +2.0% | -12.9% |
| 2022-06-30 | 2022-08-05 | +8.4% | +0.0% | -1.1% |
Share count
Diluted shares Return since the previous filing
| Direction | Flat — little net change |
|---|---|
| Diluted shares | 159.1M as at 2026-03-31 |
| Change over 1 year | +0.3% |
| Change over 3 years | +1.3% |
| Public float | $10.66bn as at 2025-06-30 (10-K) |
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | At Support Zone |
|---|---|
| Reference band | 66.09 — 68.10 |
| Protective stop | 62.03 (Atr, 7.6% risk) |
| Support | 66.76 (2 touches, 1.8% away) |
| Resistance | 71.08 (4.6% away) |
Takeaway The shares are nearer the floor than the ceiling: about 1.8% above 66.76, a price buyers have stepped in at before, and 4.6% below 71.08, where sellers have turned up before. That floor has held 2 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 7.6% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price BELOW the cloud | periods 6/17/34 (66% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BULL | cloud twist BEAR |
| Cloud event | Fresh down breakout 2d ago |
| Cloud thickness | 30% percentile (thin — little structure to fight through) |
| Chikou span | Above price from 26 periods ago |
| Weekly cloud | Price ABOVE the weekly cloud (context only, not scored) |
Takeaway The stock is trading below its cloud — a shaded band drawn from several of its own moving averages, currently 68.24 to 69.64. Being below it means the medium-term picture is pointing downwards, and that band is the first hurdle it would have to climb back through. Its shorter-term averages point the other way, so this is a mixed reading rather than a clear one.
Trailing returns
| 21 days | +0.3% |
|---|---|
| 63 days | +15.1% |
| 126 days | +2.8% |
| 252 days | +9.4% |
| Below 252d high | 13.9% |
Trend context
| Position | Above trend |
|---|---|
| Extension | Extended |
| Trend slope | Rising |
| Direction of travel | Converging back to trend |
Takeaway Positive Kalman trend with moderate extension; constructive for momentum but watch entry risk.
Volatility
| State | No recent compression |
|---|---|
| Current band width | 8.6% of price |
| Recent tightest | 8.3% (2 sessions ago, narrower than 73.0% of its history) |
| Expansion since | 1.04× |
| Band | 66.43 — 72.37 |
Takeaway Lately this share price has been swinging around inside a range roughly 9% wide. That is normal for this stock, so there is nothing unusual to read into it either way.
Historical trends
History begins when the site started recording, not when the company listed, so a short line means a short record and nothing more.
Repair Pathway
- Nearest Trigger Relative momentum rank above 0.55 +0.07 rank relative momentum leadership is not yet strong enough for the next action tier · Broadly stable
- Trigger 2 Volume confirmation above 1.2x +0.20x volume confirmation would improve confidence in the pathway · Broadly stable
- Trigger 3 MACD bullish crossover repair trigger repair engine identifies this as the nearest technical repair catalyst · Broadly stable
- Trigger 4 MACD histogram acceleration turns positive secondary repair secondary repair catalyst could add confirmation if the primary trigger develops · Broadly stable
- Trigger 5 EMA20 reclaim +1.4% gap is broadly stable · Broadly stable
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | No filings in the window |
|---|---|
| Buy filings | 0 |
| Sell filings | 0 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Volume confirmation
| Volume-price trend | Above its signal line |
|---|---|
| Confirmation | Marginal |
No absorption or distribution event in the recent window.
Takeaway Slightly more shares change hands on rising days than on falling ones, but the gap is too small to read anything into.
Options Positioning
No binary-event flag
BXP: no binary-event flag. Near IV 27%, far IV 33% (ratio 0.83), implied move 3.4%.
| Implied volatility | 27% near (9d) · 33% far (65d) |
|---|---|
| Term structure | 0.83× near/far |
| Historical volatility | 29% |
| Implied vs historical | 0.95× |
| Implied move | ±3.4% by 2026-08-21 |
| Implied move vs ATR | 0.38× |
| Skew | Put Skew (1.42×) |
| Put wall | 40.00 (-41.1% away) |
| Gamma pin | 40.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 3.4% in either direction by 2026-08-21.
Chain as at 2026-08-12. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Leadership Cooling
Rotation health 32.1/100; Negative Rotation.
| Rotation health | 32.1 |
|---|---|
| Rotation strength | 80.2 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Improving | 86.1 | 112.4 |
| Stock vs SPY | Lagging | 73.7 | 95.6 |
| Sector vs SPY | Lagging | 80.6 | 83.3 |
Direction of travel: North-West / early recovery
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 5/9 (+10.0)
- Insider conviction score (+3.0)
- Gross margin quality: 56.5% (+13.4)
- FCF margin quality: 35.8% (+20.0)
- FCF margin improving by -0.5 pts (+-3.0)
- High earnings quality (accrual ratio -0.037) (+2.0)
- Track 1: bullish DI spread 3.5 (+1.0)
- Track 1: ADX 25.5 and flat (+3.0)
- Track 1: relative momentum rank 0.48 (+0.3)
- Track 1: RSI recovery 50.4, 5-day change +2.7 (+2.2)
- Track 1: VPT strength 0.02 (+0.3)
- Track 1: price above EMA50 by 1.5% (+0.9)
- Track 1: EMA50 slope improving 1.8% (+3.0)
- Track 1: EMA50 support proximity 1.5% (+3.8)
- Track 1: EMA200 support proximity 5.1% (+3.4)
- Track 1: Bollinger position 0.26 (+5.9)
- Regime convergence: SUPPORT_RESISTANCE_BOUNCE confidence 60.0/100 (EMERGING) (+12.0)
Negative signals
- Track 1: weak volume confirmation (0.39x average)
- Relative strength versus sector deteriorating
- Track 1: negative 20-day momentum acceleration (-0.06)
- Track 1: price below EMA20 by 1.4%
- Track 1: EMA20 slope deteriorating -0.6%
- Track 1: MACD histogram deteriorating (-0.40)
- Track 1: weak MACD line/signal structure (-5.0)
- Track 1: MACD slope deteriorating (-3.0)
- Below-average Altman Z-score (1.88)
- Gross margin improving by -4.8 pts (+-3.0)
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.