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STOCK COMPARISON

Ambev S.A. vs Anheuser Busch Inbev SA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Ambev S.A. (ABEV) and Anheuser Busch Inbev SA (ABI) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Ambev S.A. trades at ARS 14,120 versus a fair value of ARS 3,662 (-74%), while Anheuser Busch Inbev SA trades at €67.44 versus €61.85 (-8%).
Ambev S.A.
ABEV.BA · ARS · Consumer Staples
-74%
upside to fair value
overvalued
PriceARS 14,120
Fair ValueARS 3,662
Quality77/100
Anheuser Busch Inbev SA
ABI.BR · EUR · Consumer Staples
-8%
upside to fair value
fairly valued
Price€67.44
Fair Value€61.85
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Ambev S.A.Anheuser Busch Inbev SA
Valuation
51.8×P/E (TTM)22.4×
9.12×P/S (TTM)2.53×
9.15×P/B1.77× · book value is mostly goodwill
29.1×EV/EBITDA10.9×
7.20×PEG1.87×
−74.1%Fair value upside−8.3%
0.0%Dividend yield1.7%
ARS 0.86Dividend per sharen/a
Profitability
26%Operating margin27%
1.16×EBIT margin trend (5Y)1.29×
17%Return on equity9%
10%Return on assets5%
Growth
-0%Revenue growth (YoY)12%
3.4%Avg. growth/yr (3Y)0.9%
n/aAvg. growth/yr (5Y)4.8%
+2.6%Value creation/yr+9.7%
Balance & size
8.2×Interest coverage (EBIT/interest)3.9×
0.00×Debt / equity0.83×
$158BMarket cap$154B
mixedGrowth qualitymixed

Anheuser Busch Inbev SA leads: 4 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Ambev S.A.of which business quality 73 · market factors 79 Anheuser Busch Inbev SAof which business quality 59 · market factors 67
ProfitabilityMargins and returns on capital today
61
32
Quality GrowthAre margins and returns improving?
53
46
CashflowEarnings quality: real cash, not paper profit
84
85
Fin. StrengthBalance sheet, leverage, solvency risk
72
35
InvestmentDisciplined investing over empire-building
87
80
Low VolatilityCalm price path (market factor)
77
80
MomentumPrice trend over the last 3–12 months (market factor)
73
56
52W MomentumDistance to the 52-week high (market factor)
93
71
Net IssuanceShare count: buybacks or dilution?
87
96

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmbev S.A.Price ARS 14,120Anheuser Busch Inbev SAPrice €67.44
DCF Models-74%below the priceARS 3,732+13%close to the price€76.48
Earnings-Based-84%below the priceARS 2,293-29%below the price€47.80
Multiples-77%below the priceARS 3,314+13%close to the price€75.97
Asset-Based-95%below the priceARS 663-49%below the price€34.20
Growth DCF-78%below the priceARS 3,144+10%close to the price€74.33
Economic Profit-85%below the priceARS 2,101-31%below the price€46.53
Growth Earnings-80%below the priceARS 2,772+5%close to the price€70.50
Minimum-95%below the priceARS 663-49%below the price€34.20
Maximum-74%below the priceARS 3,732+13%close to the price€76.48
Median-80%below the priceARS 2,772+5%close to the price€70.50
Geometric mean-84%below the priceARS 2,304-13%close to the price€58.39

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Ambev S.A.: 22 of 22 models see the stock below the current price.

Anheuser Busch Inbev SA: 11 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Ambev S.A.
Price ARS 14,120
Fair Value ARS 3,662
Bear ARS 2,989Bull ARS 4,290
Anheuser Busch Inbev SA
Price €67.44
Fair Value €61.85
Bear €43.17Bull €90.39

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Ambev S.A. · Consumer Staples

Quality score77 · Top 25%
Fair value upside-74% · bottom 25%

Anheuser Busch Inbev SA · Consumer Staples

Quality score62 · above median
Fair value upside-8% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Ambev S.A. trades at ARS 14,120 versus a fair value of ARS 3,662 (-74%), while Anheuser Busch Inbev SA trades at €67.44 versus €61.85 (-8%).

Ambev S.A. has the higher quality score (77/100).

Open Anheuser Busch Inbev SA live analysis →
Ambev S.A. · Anheuser Busch Inbev SA

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.