Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price36.42 USD
Fair value34.39
Ethical score70.0/100
Our investment reviews on this name
2026-08-23Read Markup38.94-6.5% to today
2026-07-02Read Accumulation38.28-4.9% to today
Our analytic regime reads on this name, dated and marked against today's price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Brookfield Infrastructure Partners L.P holds its Distribution at $36.42. The statistical read favours the sellers, held for 315 days.
As held on the ledger · 2026-09-10
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 315 days
Price at the screen
$36.42
Valuation
58.74 trailing · 25.08 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.01
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
53.93%
Below 33%
Interest-bearing debt is 53.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.18%
Below 33%
Cash held in interest-bearing accounts and securities is 0.2% of assets, under the one-third limit.
Pass
Receivables
4.97%
Below 49%
Money owed to the company is 5.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-10 screen. The gold marker is the market price at the same screen. The price runs 5.6% above the base estimate.
Third-party analyst targets: 10 covering, consensus None. The average target sits +29% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-10 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Paying up for thin infrastructure returns
Picture a toll road or power line that moves steadily but never quite covers its own weight. Brookfield Infrastructure trades at $39.26 against our $32.73 fair value, a 17 percent premium for a business posting just 1 percent profit margins and 7 percent return on equity. Forward earnings sit at 27.4 times while the moat remains narrow, even with 17 percent revenue growth and a clean ethical screen.
We pass because the numbers do not justify stretching for this collection of utilities, transport and data assets. Low returns on capital paired with a high multiple leave little room for error, regardless of analyst enthusiasm for a $44 target. Infrastructure cash flows can feel defensive until leverage and reinvestment needs surface.
The real risk lies in that narrow moat and thin margins amplifying any rise in interest rates or local regulatory pressure. Growth may continue, yet the entry price already prices in perfection the balance sheet has not delivered. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Bermuda and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BIP trades on the NYSE (the company is based in Bermuda). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-23Markup · changed$38.94-0.8%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it none, with a mean price target of $44.
2026-07-23Accumulation$39.26+2.6%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it none, with a mean price target of $44.
2026-07-18Accumulation$38.28+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 12% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it none, with a mean price target of $44.
2026-07-03Accumulation$38.28+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$38.28Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
