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BOSTON BEER CO INC SAM

NYSE · stock · Malt Beverages · website · IPO 1995-11-21

BOSTON BEER CO INC statistics & valuation

Market cap$2.0B
P / E18.4×
P / S1.0×
P / B2.4×
P / FCF9.3×
Net margin5.2%
Return on equity12.8%
FCF margin10.3%
Return on capital15.4%
Graham number -28.7%$131.08

Market cap as of 2026-06-29. 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 ($131.08); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.00% 10.70% 8.80% 8.30% 10.40% 0.70% 3.00% 3.60% 2.80% 5.20% 2016201720182019202020212022202320242025
Gross margin (%)
47.40% 48.80% 48.40% 46.20% 44.00% 36.30% 38.80% 40.00% 41.80% 45.60% 2016201720182019202020212022202320242025
Operating margin (%)
14.20% 12.50% 11.00% 10.90% 13.20% 0.40% 4.10% 4.70% 3.60% 6.90% 2016201720182019202020212022202320242025
Return on equity (%)
19.60% 23.40% 20.10% 15.00% 20.10% 1.50% 6.30% 7.10% 6.50% 12.80% 2016201720182019202020212022202320242025
Shares outstanding
12.8M 12.2M 11.7M 11.9M 12.3M 12.4M 12.3M 12.3M 11.8M 11.0M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
14.20% 17.40% 14.50% 10.40% 13.90% 1.00% 4.70% 5.30% 4.80% 9.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.80% 11.20% 10.20% 6.40% 6.10% -4.20% 4.90% 9.40% 8.10% 10.30% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$6.79 $8.09 $7.82 $9.16 $15.53 $1.17 $5.44 $6.21 $5.06 $9.89 2016201720182019202020212022202320242025

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

BOSTON BEER CO INC trades at about 18.6× earnings — below its 10-year norm (10-year range 21.6×–359.7×, median 49.5×).

18.6× 359.7×

Shaded band = 10-year range (21.6×–359.7×); dot = today's 18.6×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin45.6%41.8%40.0%38.8%36.3%44.0%46.2%48.4%48.8%47.4%
Operating margin6.9%3.6%4.7%4.1%0.4%13.2%10.9%11.0%12.5%14.2%
Net margin5.2%2.8%3.6%3.0%0.7%10.4%8.3%8.8%10.7%9.0%
FCF margin10.3%8.1%9.4%4.9%-4.2%6.1%6.4%10.2%11.2%10.8%
Return on assets9.1%4.8%5.3%4.7%1.0%13.9%10.4%14.5%17.4%14.2%
Return on equity12.8%6.5%7.1%6.3%1.5%20.1%15.0%20.1%23.4%19.6%
Current ratio1.651.802.252.071.351.591.211.921.651.91

Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.