United States Brent Oil Fund BNO
NYSE BNO
$57.69 +1.58 (+2.82%)
As of: Sep 8, 2026 · 3:59 PM EDT

United States Brent Oil Fund (BNO) Price to FCF (2012 - 2026)

United States Brent Oil Fund's (BNO) quarterly Price to FCF came in at 3.98 in Q2 2026, down 136.64% on a YoY basis from 10.87 in Q2 2025, and down 289.03% quarter-over-quarter from 2.11 in Q1 2026.

Analysis

United States Brent Oil Fund (BNO) Price to FCF (2012 - 2026) Analysis & Trends

United States Brent Oil Fund (BNO) has reported Price to FCF for 15 consecutive years, with 3.98 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Price to FCF fell 136.64% year-over-year to 3.98; the trailing twelve-month figure through Jun 2026 stood at 48.76 (down 148.2% YoY), and the FY2025 full-year result was 24.94, down 220.13% from the prior year.
  • Price to FCF slipped to 3.98 in Q2 2026 per BNO's latest filing, from 2.11 in the prior quarter.
  • Across five years, Price to FCF topped out at 132.17 in Q2 2024 and bottomed at 15.78 in Q3 2025.
  • Historically, Price to FCF has averaged 9.88 across 5 years, with a median of 2.38 in 2022.
  • The sharpest annual moves came in 2023 and 2024: Price to FCF plunged 596.42% in 2023, then soared 721.97% in 2024.
  • Over 5 years, Price to FCF stood at 11.35 in 2022, then increased by 29.0% to 8.06 in 2023, then jumped by 395.3% to 23.81 in 2024, then sank by 141.45% to 9.87 in 2025, then surged by 59.64% to 3.98 in 2026.
  • According to Business Quant data, Price to FCF over the past three periods registered 3.98, 2.11, and 9.87 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn -
2 Spdr Gold Trust 144.81 Bn -413.20 Bn -
3 Ishares Gold Trust 30.30 Bn -29.81 Bn -
4 World Gold Trust 29.28 Bn -73.79 Bn -
5 Principal Financial 24.84 Bn -28.13 Bn 1.91 Bn
6 iShares Silver Trust 22.15 Bn -6.05 Bn -
7 Franklin Resources 17.84 Bn 14.12 Bn -
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn
9 Affiliated Managers 9.51 Bn 9.10 Bn -
10 United States Brent Oil Fund 920.37 Mn 525.94 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.98
Mar 31, 2026 2.11
Dec 31, 2025 -9.87
Sep 30, 2025 -15.78
Jun 30, 2025 10.87
Mar 31, 2025 44.57
Dec 31, 2024 23.81
Sep 30, 2024 -10.04
Jun 30, 2024 132.17
Mar 31, 2024 7.88
Dec 31, 2023 -8.06
Sep 30, 2023 4.28
Jun 30, 2023 16.08
Mar 31, 2023 -13.15
Dec 31, 2022 -11.35
Sep 30, 2022 -6.87
Jun 30, 2022 12.62
Mar 31, 2022 2.65
Dec 31, 2021 -157.26
Sep 30, 2021 31.19