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Anheuser-Busch InBev SA/NV ABI.BR

BE · Euronext Brussels · XBRU · stock · Consumer Defensive · website

Anheuser-Busch InBev SA/NV statistics & valuation

Market cap$135.1B
P / E19.8×
P / S2.3×
P / B1.5×
P / FCF12.0×
Dividend yield3.36%
Net margin11.5%
Return on equity7.8%
FCF margin18.9%
Net debt$61.5B
Enterprise value$200.3B
Earnings yield EBIT/EV8%
Return on capital8.5%
Graham number -10%$61.73

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($61.73); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.30% 9.00% 9.80% 11.50% 2022202320242025
Gross margin (%)
54.50% 53.90% 55.30% 55.90% 2022202320242025
Operating margin (%)
25.00% 24.30% 25.50% 26.40% 2022202320242025
Return on equity (%)
8.10% 6.50% 7.50% 7.80% 2022202320242025
Shares outstanding
1.75B 1.75B 1.75B 1.75B 2022202320242025
Net debt ($)
$70.09B $67.84B $61.09B $61.49B 2022202320242025
Share buybacks ($)
$0 $362.0M $937.0M $2.30B 2022202320242025
Return on assets (%)
2.80% 2.40% 2.80% 3.10% 2022202320242025
Free cash flow margin (%)
14.10% 14.50% 18.70% 18.90% 2022202320242025
Debt / equity (×)
1.09× 0.96× 0.92× 0.84× 2022202320242025
EPS ($)
$2.91 $2.65 $2.92 $3.39 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Anheuser-Busch InBev SA/NV trades at about 20.2× earnings — near its 10-year norm (10-year range 16.3×–21.7×, median 18.9×).

16.3× 21.7×

Shaded band = 10-year range (16.3×–21.7×); dot = today's 20.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin55.9%55.3%53.9%54.5%
Operating margin26.4%25.5%24.3%25.0%
Net margin11.5%9.8%9.0%10.3%
FCF margin18.9%18.7%14.5%14.1%
Return on assets3.1%2.8%2.4%2.8%
Return on equity7.8%7.5%6.5%8.1%
Debt / equity0.81×0.88×0.88×1.05×
Current ratio0.720.700.630.67

Computed from company filings · BE · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.