Subject: Re: BN All Time High
BAM’s market cap is another 90 billion. Prior to spin off in 2023 it would have been entirely part of the then BAM ( and now BN ) market cap.
Their combined market cap today should be compared to the old BAM. Or would that be double counting?

The 102 billion market cap I mentioned for BN includes 73% BAM which they own.

The combined market cap, had they not split, would have been 102 + 27% BAM (currently worth approx. 25 b) = 127 billion.