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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 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Ambev S.A. trades at ARS 14,500 versus a fair value of ARS 3,587 (-75%), while Anheuser Busch Inbev SA trades at €69.04 versus €60.24 (-13%).
Ambev S.A.
ABEV.BA · ARS · Consumer Staples
-75%
upside to fair value
overvalued
PriceARS 14,500
Fair ValueARS 3,587
Quality77/100
Anheuser Busch Inbev SA
ABI.BR · EUR · Consumer Staples
-13%
upside to fair value
overvalued
Price€69.04
Fair Value€60.24
Quality62/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Ambev S.A.Anheuser Busch Inbev SA
Valuation
52.1×P/E (TTM)22.4×
9.18×P/S (TTM)2.62×
9.22×P/B1.83×
29.3×EV/EBITDA11.2×
7.20×PEG1.87×
−75.3%Fair value upside−12.7%
0.0%Dividend yield1.7%
ARS 0.86Dividend per share
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%
Avg. 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×
$159BMarket cap$160B
mixedGrowth qualitymixed

Anheuser Busch Inbev SA leads: 4 to 10 metric wins.

Dash = 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 80 Anheuser Busch Inbev SAof which business quality 59 · market factors 71
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)
74
61
52W MomentumDistance to the 52-week high (market factor)
95
77
Net IssuanceBuybacks instead of 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 14,500Anheuser Busch Inbev SAPrice €69.04
DCF Models-75%below the priceARS 3,576-15%below the price€58.57
Earnings-Based-84%below the priceARS 2,341-31%below the price€47.80
Multiples-77%below the priceARS 3,383+10%close to the price€75.97
Asset-Based-95%below the priceARS 677-50%below the price€34.20
Growth DCF-80%below the priceARS 2,970-21%below the price€54.60
Economic Profit-85%below the priceARS 2,145-33%below the price€46.53
Growth Earnings-80%below the priceARS 2,830+2%close to the price€70.50
Minimum-95%below the priceARS 677-50%below the price€34.20
Maximum-75%below the priceARS 3,576+10%close to the price€75.97
Median-80%below the priceARS 2,830-21%below the price€54.60
Geometric mean-84%below the priceARS 2,305-22%below the price€53.79

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: 14 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Ambev S.A.
Bear ARS 2,820Fair Value ARS 3,587Bull ARS 4,364
ARS 14,500 = current price (white tick)
Anheuser Busch Inbev SA
Bear €36.14Fair Value €60.24Bull €78.91
€69.04 = current price (white tick)

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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-75% · bottom 25%

Anheuser Busch Inbev SA · Consumer Staples

Quality score62 · above median
Fair value upside-13% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Ambev S.A. trades at ARS 14,500 versus a fair value of ARS 3,587 (-75%), while Anheuser Busch Inbev SA trades at €69.04 versus €60.24 (-13%).

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

See the full analysis →

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