Anheuser-Busch InBev SA (ABI) Fair Value & Analysis
Consumer Defensive · BE · Market cap €137B
Fair value as of: Jul 18, 2026
From 23 valuation models · updated 22 days ago
Fair value updated Jul 18, 2026, revised from €61.51 to €61.62 (+0.2%) since Jul 14, 2026. Share price +4.5% over the past month.
A solid business, but screening 15% overvalued on our models.
What matters now
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€42.97 to €94.74) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range €43.48 – €75.20 · fair‑value band €42.97 – €94.74 · the €72.86 price screens above the €61.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Anheuser-Busch InBev SA (ABI) currently trades at €72.86, while our model-based Fair Value estimate is €61.62, implying the stock looks roughly 15.4% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Anheuser-Busch InBev SA generated revenue of €61.0B at a net margin of 11.9%. Revenue grew 12.0% year over year. It earns a return on equity of 9.1%. Net debt stands at €61.4B. Fundamentals as of Jul 18, 2026
Our scenario range runs from €42.97 (bear case) to €94.74 (bull case); at €72.86, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 2% fair-value upside, at -15%, ABI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth Earnings (€70.50) versus Asset-Based (€34.20). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 74
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments.
Full company description
Anheuser-Busch InBev SA/NV produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies segments. The company also offers flavored malt beverages, soft drinks, spirit-based ready-to-drink cocktails and beverages, and energy drinks. In addition, it operates BEES, a business-to-business digital commerce platform; on-demand delivery platforms under the Zé Delivery and TaDa Delivery brands; and premium at-home draft system under the PerfectDraft brand. The company provides a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona Extra, Michelob Ultra, and Stella Artois; Aguila, Brahma, Carling Black Label, Cass Fresh, Jupiler, Quilmes, SKOL, and Victoria; Beck's, Hoegaarden, and Leffe; Antarctica, Bud Light, Castle, Castle Lite, Cristal, Harbin, Modelo Especial, Sedrin, and Skol brands, as well as non-beer brands comprising Brutal Fruit, Cutwater, and NÜTRL brands. The company was formerly known as InBev SA and changed its name to Anheuser-Busch InBev SA/NV in November 2008. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Anheuser-Busch InBev SA reported revenue of €59.3B in FY2025 versus €54.3B in FY2021, a compound +2.2%/yr. Reported net income was €6.8B in FY2025, compounding +10.0%/yr from FY2021.
ABI screens 15% overvalued. Compare with Ambev S.A →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Is Anheuser-Busch InBev (ENXTBR:ABI) Undervalued As Earnings And Dividend Support Its Rally?
- Is Anheuser-Busch InBev (ENXTBR:ABI) Still Cheap After Strong Q2 Earnings?
- Anheuser-Busch InBev (ENXTBR:ABI) Posts Strong Q2 With Market Share Gains
Peer Group
Beverages - Brewers · 52 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Beverages - Brewers median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 30/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ambev S.A ABEV | 14,120 ARS | 6,060 ARS | -57% |
| Fomento Económico Mexicano, S.A. FEMSAUBD | 222.91 MXN | 201.74 MXN | -9% |
| Heineken N.V HEIA | €77.24 | €65.06 | -16% |
| Constellation Brands, Inc STZ | $135.72 | $177.43 | +31% |
| Carlsberg A/S CARLA | kr 1,125 | kr 607.30 | -46% |
| Heineken Holding HEIO | €71.20 | €72.67 | +2% |
| Tsingtao Brewery Company 600600 | ¥53.60 | ¥63.65 | +19% |
| Budweiser Brewing Company 1876 | HK$6.58 | HK$6.05 | -8% |
| Molson Coors Canada Inc TPXA | C$63.10 | C$74.42 | +18% |
| Beijing Yanjing Brewery Co 000729 | ¥11.94 | ¥12.51 | +5% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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