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STOCK COMPARISON

Anheuser Busch Inbev SA vs Nokian Panimo Oyj: Fair Value & Quality

Both stocks run through our valuation models. Here is how Anheuser Busch Inbev SA (ABI) and Nokian Panimo Oyj (BEER) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Anheuser Busch Inbev SA trades at €68.30 versus a fair value of €62.13 (-9%), while Nokian Panimo Oyj trades at €2.52 versus €0.83 (-67%).
Anheuser Busch Inbev SA
ABI.BR · EUR · Consumer Staples
-9%
upside to fair value
fairly valued
Price€68.30
Fair Value€62.13
Quality62/100
Nokian Panimo Oyj
BEER.HE · EUR · Consumer Staples
-67%
upside to fair value
overvalued
Price€2.52
Fair Value€0.83
Quality33/100
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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

Anheuser Busch Inbev SANokian Panimo Oyj
Valuation
22.4×P/E (TTM)n/a
25.0×Median P/E at FY-end (10 FY, ex one-offs where documented)n/a
2.53×P/S (TTM)2.22×
1.77× · book value is mostly goodwillP/B1.77×
10.9×EV/EBITDA16.2×
1.87×PEGn/a
−9.0%Fair value upside−67.1%
1.7%Dividend yieldn/a
Profitability
27%Operating margin13%
1.29×EBIT margin trend (5Y)0.86×
9%Return on equity-1%
5%Return on assets5%
Growth
12%Revenue growth (YoY)13%
0.9%Avg. growth/yr (3Y)11.6%
4.8%Avg. growth/yr (5Y)n/a
+9.7%Value creation/yrn/a
Balance & size
3.9×Interest coverage (EBIT/interest)7.6×
0.83×Debt / equity0.21×
$154BMarket cap$29M
mixedGrowth qualityexpensive
Anheuser Busch Inbev SA, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020, FY2021 ex one-offs: 25.

Anheuser Busch Inbev SA leads: 5 to 4 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.

Anheuser Busch Inbev SAof which business quality 59 · market factors 68 Nokian Panimo Oyjof which business quality 36 · market factors 56
ProfitabilityMargins and returns on capital today
32
27
Quality GrowthAre margins and returns improving?
46
26
CashflowEarnings quality: real cash, not paper profit
85
7
Fin. StrengthBalance sheet, leverage, solvency risk
35
68
InvestmentDisciplined investing over empire-building
80
0
Low VolatilityCalm price path (market factor)
80
81
MomentumPrice trend over the last 3–12 months (market factor)
58
43
52W MomentumDistance to the 52-week high (market factor)
74
50
Net IssuanceShare count: buybacks or dilution?
96
82

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 familyAnheuser Busch Inbev SAPrice €68.30Nokian Panimo OyjPrice €2.52
DCF Models+12%close to the price€76.48n/a
Earnings-Based-30%below the price€47.80-65%below the price€0.87
Multiples+11%close to the price€75.97-15%below the price€2.13
Asset-Based-50%below the price€34.20-57%below the price€1.09
Growth DCF+9%close to the price€74.33n/a
Economic Profit-32%below the price€46.53-65%below the price€0.87
Growth Earnings+3%close to the price€70.50n/a
Minimum-50%below the price€34.20-65%below the price€0.87
Maximum+12%close to the price€76.48-15%below the price€2.13
Median+3%close to the price€70.50-61%below the price€0.98
Geometric mean-15%close to the price€58.39-54%below the price€1.15

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%.

Anheuser Busch Inbev SA: 12 of 23 models see the stock below the current price.

Nokian Panimo Oyj: 5 of 6 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.

Anheuser Busch Inbev SA
Price €68.30
Fair Value €62.13
Bear €43.36Bull €90.79
Nokian Panimo Oyj
Price €2.52
Fair Value €0.83
Bear €0.67Bull €0.96

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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.

Anheuser Busch Inbev SA · Consumer Staples

Quality score62 · above median
Fair value upside-9% · below median

Nokian Panimo Oyj · Consumer Staples

Quality score33 · bottom 25%
Fair value upside-67% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Anheuser Busch Inbev SA as the less overvalued of the two: Anheuser Busch Inbev SA trades at €68.30 versus a fair value of €62.13 (-9%), while Nokian Panimo Oyj trades at €2.52 versus €0.83 (-67%).

Anheuser Busch Inbev SA has the higher quality score (62/100).

Open Anheuser Busch Inbev SA live analysis →

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