Anheuser-Busch InBev SA/NV

WBAG:ABIN Stock Report

Market Cap: €105.6b

Anheuser-Busch InBev Valuation

Is ABIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ABIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€147.8
Fair Value
63.8% undervalued intrinsic discount
23
Number of Analysts

Below Fair Value: ABIN (€53.5) is trading below our estimate of fair value (€147.8)

Significantly Below Fair Value: ABIN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABIN?

Key metric: As ABIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ABIN. This is calculated by dividing ABIN's market cap by their current earnings.
What is ABIN's PE Ratio?
PE Ratio19.9x
EarningsUS$6.10b
Market CapUS$121.26b

Price to Earnings Ratio vs Peers

How does ABIN's PE Ratio compare to its peers?

The above table shows the PE ratio for ABIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
HEIA Heineken
20.9x11.87%€38.0b
ABEV3 Ambev
12.8x4.36%R$201.3b
HEIO Heineken Holding
18.1x19.57%€16.8b
CARL B Carlsberg
15.3x12.02%DKK 107.8b
ABIN Anheuser-Busch InBev
19.9x12.99%€105.6b

Price-To-Earnings vs Peers: ABIN is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (16.8x).

Price to Earnings Ratio vs Industry

How does ABIN's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ABIN 19.9xIndustry Avg. 16.4xNo. of Companies8PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ABIN is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Beverage industry average (16.5x).

Price to Earnings Ratio vs Fair Ratio

What is ABIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ABIN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ABIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€53.50
€69.12
+29.19%
11.02%€88.65€55.67n/a23
Oct ’26€50.56
€66.95
+32.42%
9.56%€78.98€54.67n/a24
Sep ’26€53.44
€67.94
+27.12%
9.82%€78.83€54.84n/a24
Aug ’26€50.98
€68.55
+34.47%
9.82%€78.77€55.40n/a24
Jul ’26€58.70
€68.80
+17.20%
9.84%€77.92€54.41n/a24
Jun ’26€62.08
€69.22
+11.49%
10.21%€79.39€51.02n/a24
May ’26€57.44
€65.15
+13.42%
10.24%€79.14€50.90n/a24
Apr ’26€57.10
€67.48
+18.19%
9.13%€76.20€53.69n/a23
Mar ’26€56.40
€68.37
+21.23%
11.66%€84.10€54.59n/a23
Feb ’26€47.64
€66.61
+39.82%
11.97%€86.94€53.26n/a23
Jan ’26€48.18
€69.39
+44.01%
11.12%€87.01€55.92n/a23
Dec ’25€50.42
€69.11
+37.07%
10.05%€85.30€55.50n/a23
Nov ’25€55.14
€68.25
+23.77%
9.46%€83.16€54.11€52.6023
Oct ’25€60.88
€67.76
+11.30%
11.20%€90.77€54.24€50.5623
Sep ’25€55.40
€65.97
+19.08%
10.29%€80.99€54.32€53.4423
Aug ’25€57.00
€66.78
+17.16%
9.95%€82.96€55.25€50.9824
Jul ’25€54.92
€67.04
+22.07%
9.91%€83.91€55.52€58.7025
Jun ’25€57.58
€67.18
+16.67%
9.20%€83.42€55.20€62.0825
May ’25€56.14
€66.99
+19.33%
10.03%€84.27€55.76€57.4424
Apr ’25€56.25
€66.23
+17.74%
9.97%€84.96€54.48€57.1024
Mar ’25€55.93
€65.08
+16.36%
10.47%€84.79€53.64€56.4025
Feb ’25€57.46
€65.26
+13.58%
10.10%€82.72€53.67€47.6425
Jan ’25€58.51
€62.81
+7.36%
10.83%€81.11€48.62€48.1825
Dec ’24€57.99
€62.95
+8.55%
11.14%€81.66€48.95€50.4225
Nov ’24€53.45
€64.31
+20.32%
10.91%€84.78€48.73€55.1426
€68.35
Fair Value
21.7% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/04 03:10
End of Day Share Price 2025/11/04 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Anheuser-Busch InBev SA/NV is covered by 59 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Arancha PiñeiroBanco de Sabadell. S.A.
Anthony BucaloBanco Santander