AB InBev (ABI.BR): analysis in plain words
Is AB InBev cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
AB InBev (ABI.BR) is listed on Euronext Brussels and we classify it in consumer staples. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against AB InBev according to those figures, and the questions people ask most about the stock. No buy or sell tips.
AB InBev (ABI.BR) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €75.28 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 17.8x | Price over earnings per share |
| Revenue growth | +9.1% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 15.4% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.2x | Years of operating profit to repay debt |
| Dividend yield | 1.58% | Annual dividend over price |
| Market cap | €148.2 billion | What the stock market values it at |
The AB InBev figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any ABI.BR figure that is not available shows as N/A: we do not estimate it.
How AB InBev makes money
AB InBev sells beer under global brands such as Budweiser, Stella Artois, Corona and Michelob Ultra, alongside many local labels. It reports by region: North America, Middle Americas (Mexico and Colombia), South America (including Ambev in Brazil), EMEA and Asia Pacific, selling to bars, restaurants, supermarkets and distributors.
Over the last 12 months, AB InBev brought in revenue of $64.0 billion. For every 100 it sells, AB InBev keeps 56.5 after the direct cost of what it sells (gross margin) and 27.5 after all operating costs (operating margin). With 137,000 full-time employees, that is about $467,000 of revenue per employee.
AB InBev against its sector
To know whether a AB InBev figure is high or low you have to put it next to similar companies. This table compares AB InBev with the median of the 17 consumer staples companies Fintols covers, with data as of November 4, 2026.
| Figure | AB InBev | consumer staples median |
|---|---|---|
| P/E | 17.8x | 21.3x (17) |
| Revenue growth | +9.1% | +3.6% (19) |
| Net margin | 15.4% | 12.8% (19) |
| Dividend yield | 1.58% | 3.19% (19) |
| Net debt / EBITDA | 3.2x | 1.7x (19) |
In short, against the typical consumer staples company, AB InBev trades on a lower P/E, grows faster and earns a wider margin. By size, AB InBev ranks number 2 of 6 consumer staples companies quoted in EUR on Fintols.
The bull case for AB InBev
What works in favour of AB InBev, according to its figures as of November 4, 2026:
- AB InBev grew sales +9.1% in its latest quarter against the same quarter a year earlier, while the median consumer staples company Fintols tracks grew +3.6%.
The main risk for AB InBev
Debt is heavy: AB InBev carries net debt equal to 3.2x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of consumer staples, AB InBev is exposed to customers switching to cheaper store brands and rising prices for the raw materials it buys.
Frequently asked questions about AB InBev
Is it a good time to buy AB InBev stock?
Fintols does not tell you whether to buy or sell AB InBev, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, AB InBev stock trades at €75.28, 1% below its 52-week high (€76.30) and 46% above its low (€51.60). Its P/E is 17.8x against a consumer staples median of 21.3x, and 15.5x on the earnings analysts expect over the next 12 months. With AB InBev, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does AB InBev pay a dividend?
Yes. As of November 4, 2026, AB InBev pays €1.15 per share a year, which at today's price is a yield of 1.58%. It uses 27% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 1.29%. The consumer staples median on Fintols is 3.19%.
Is AB InBev stock expensive?
It depends on what you compare it with. On P/E, AB InBev trades at 17.8x its last 12 months of earnings: cheaper than the consumer staples median (21.3x). Including its debt, AB InBev is valued at 10.7x its EBITDA (EV/EBITDA). A high P/E alone does not make AB InBev expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are AB InBev's competitors?
On Fintols we compare AB InBev with L'Oréal, Danone and Logista, which are also in consumer staples. As of November 4, 2026, L'Oréal is worth €237.2 billion and trades on a P/E of 37.8; Danone is worth €43.6 billion and trades on a P/E of 22.4; Logista is worth €4.8 billion and trades on a P/E of 17.3. Each has a side-by-side comparison with AB InBev below.
AB InBev competitors
- L'Oréal (OR.PA) analysis · AB InBev vs L'Oréal comparison
- Danone (BN.PA) analysis · AB InBev vs Danone comparison
- Logista (LOG) analysis · AB InBev vs Logista comparison
To understand AB InBev better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- How to Read a Balance Sheet: A Beginner's Guide
More companies like AB InBev: consumer staples stocks and Euro Stoxx 50 companies. Open the full ABI.BR analysis with its valuation and scenarios. Educational content about AB InBev, not investment advice.