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Belgian (BEL20) Beverage Industry Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies3
- 7D-8.2%
- 3M19.7%
- 1Y8.7%
- YTD16.0%
Over the last 7 days, the Beverage industry has dropped 5.0%, driven by a pullback from Anheuser-Busch InBev of 5.1%. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Belgian Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | €124.4b | €51.6b | €5.9b | 23.5x | 21x | 2.4x |
| Mon, 02 Feb 2026 | €118.6b | €49.9b | €5.2b | 24.6x | 22.9x | 2.4x |
| Wed, 31 Dec 2025 | €108.3b | €50.3b | €5.2b | 21.2x | 20.7x | 2.2x |
| Fri, 28 Nov 2025 | €106.0b | €51.0b | €5.3b | 20.8x | 20x | 2.1x |
| Sun, 26 Oct 2025 | €104.1b | €50.8b | €6.2b | 19.4x | 16.9x | 2x |
| Tue, 23 Sep 2025 | €98.3b | €50.1b | €6.1b | 18.7x | 16.2x | 2x |
| Thu, 21 Aug 2025 | €106.4b | €50.7b | €6.1b | 18.9x | 17.3x | 2.1x |
| Sat, 19 Jul 2025 | €116.3b | €51.1b | €6.0b | 19.9x | 19.4x | 2.3x |
| Mon, 16 Jun 2025 | €123.4b | €51.5b | €6.0b | 20.3x | 20.5x | 2.4x |
| Wed, 14 May 2025 | €117.1b | €53.1b | €6.2b | 19.5x | 18.9x | 2.2x |
| Fri, 11 Apr 2025 | €108.0b | €53.9b | €5.3b | 21.8x | 20.5x | 2x |
| Sun, 09 Mar 2025 | €115.9b | €55.6b | €5.4b | 21.6x | 21.4x | 2.1x |
| Tue, 04 Feb 2025 | €94.9b | €58.2b | €6.4b | 18.3x | 14.9x | 1.6x |
| Thu, 02 Jan 2025 | €96.0b | €57.9b | €6.3b | 18.1x | 15.2x | 1.7x |
| Sat, 30 Nov 2024 | €101.4b | €56.8b | €6.2b | 19.5x | 16.3x | 1.8x |
| Mon, 28 Oct 2024 | €118.4b | €56.0b | €5.5b | 22.4x | 21.4x | 2.1x |
| Wed, 25 Sep 2024 | €114.8b | €54.1b | €5.3b | 22.5x | 21.5x | 2.1x |
| Fri, 23 Aug 2024 | €109.4b | €54.4b | €5.4b | 24.9x | 20.4x | 2x |
| Sun, 21 Jul 2024 | €113.6b | €55.4b | €4.4b | 27x | 25.6x | 2.1x |
| Tue, 18 Jun 2024 | €113.8b | €56.1b | €4.5b | 25.9x | 25.4x | 2x |
| Thu, 16 May 2024 | €124.8b | €55.3b | €4.4b | 25.8x | 28.2x | 2.3x |
| Sat, 13 Apr 2024 | €110.7b | €56.3b | €5.0b | 25.3x | 22x | 2x |
| Mon, 11 Mar 2024 | €113.1b | €54.8b | €4.9b | 25.5x | 23x | 2.1x |
| Wed, 07 Feb 2024 | €116.3b | €55.9b | €5.9b | 24.1x | 19.8x | 2.1x |
| Fri, 05 Jan 2024 | €117.7b | €54.8b | €5.8b | 24.7x | 20.4x | 2.1x |
| Sun, 03 Dec 2023 | €116.6b | €55.2b | €5.8b | 24.8x | 20.1x | 2.1x |
| Tue, 31 Oct 2023 | €101.9b | €56.1b | €5.9b | 30.6x | 17.2x | 1.8x |
| Thu, 28 Sep 2023 | €101.9b | €56.7b | €6.0b | 30.6x | 17.1x | 1.8x |
| Sat, 26 Aug 2023 | €104.7b | €55.2b | €5.8b | 37.1x | 18x | 1.9x |
| Mon, 24 Jul 2023 | €105.4b | €53.3b | €6.8b | 38.4x | 15.6x | 2x |
| Wed, 21 Jun 2023 | €104.1b | €54.3b | €6.9b | 40.6x | 15.1x | 1.9x |
| Fri, 19 May 2023 | €109.6b | €55.0b | €7.0b | 42.8x | 15.7x | 2x |
| Sun, 16 Apr 2023 | €117.4b | €52.9b | €5.5b | 27.8x | 21.5x | 2.2x |
| Tue, 14 Mar 2023 | €111.3b | €54.3b | €5.6b | 28.2x | 19.9x | 2.1x |
Price to Earnings Ratio
19.9x
Current Industry PE
- There are only 3 companies in the Belgian Beverage industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Both revenue and earnings for companies in the Beverage industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Belgian Consumer Staples industry?
| BE Market | -4.85% | |
| Consumer Staples | -7.47% | |
| Beverage | -8.16% | |
| Soft Drinks | 2.24% | |
| Brewers | -8.25% | |
Industry PE
- Investors are most optimistic about the Soft Drinks industry, which is trading close to its 3-year average PE ratio of 28.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Brewers industry, which is trading close to its 3-year average of 19.7x.
Forecasted Growth
- Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
- In contrast, the Brewers industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SPA Spadel | €274.00 | 2.2% +€24.9m | 51.4% | PE26.1x |