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Ambev (MEX:ABEV N) Cyclically Adjusted Price-to-FCF : 10.74 (As of Jul. 18, 2025)


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What is Ambev Cyclically Adjusted Price-to-FCF?

As of today (2025-07-18), Ambev's current share price is MXN45.34. Ambev's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN4.22. Ambev's Cyclically Adjusted Price-to-FCF for today is 10.74.

The historical rank and industry rank for Ambev's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:ABEV N' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.82   Med: 15.96   Max: 28.36
Current: 10.95

During the past years, Ambev's highest Cyclically Adjusted Price-to-FCF was 28.36. The lowest was 8.82. And the median was 15.96.

MEX:ABEV N's Cyclically Adjusted Price-to-FCF is ranked better than
74.11% of 112 companies
in the Beverages - Alcoholic industry
Industry Median: 21.325 vs MEX:ABEV N: 10.95

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Ambev's adjusted free cash flow per share data for the three months ended in Mar. 2025 was MXN0.085. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN4.22 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ambev's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ambev Cyclically Adjusted Price-to-FCF Chart

Ambev Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.40 13.97 12.82 11.81 9.55

Ambev Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.69 9.67 10.78 9.55 10.98

Competitive Comparison of Ambev's Cyclically Adjusted Price-to-FCF

For the Beverages - Brewers subindustry, Ambev's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ambev's Cyclically Adjusted Price-to-FCF Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ambev's Cyclically Adjusted Price-to-FCF falls into.


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Ambev Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ambev's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.34/4.22
=10.74

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ambev's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Ambev's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.085/168.1016*168.1016
=0.085

Current CPI (Mar. 2025) = 168.1016.

Ambev Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.863 100.006 1.451
201509 1.172 101.392 1.943
201512 2.474 104.247 3.989
201603 -0.865 106.979 -1.359
201606 0.319 108.851 0.493
201609 1.344 109.986 2.054
201612 2.513 110.802 3.813
201703 0.546 111.869 0.820
201706 0.593 112.115 0.889
201709 1.415 112.777 2.109
201712 2.926 114.068 4.312
201803 0.166 114.868 0.243
201806 0.793 117.038 1.139
201809 1.281 117.881 1.827
201812 2.367 118.340 3.362
201903 0.488 120.124 0.683
201906 0.697 120.977 0.969
201909 0.583 121.292 0.808
201912 2.205 123.436 3.003
202003 0.060 124.092 0.081
202006 0.289 123.557 0.393
202009 1.529 125.095 2.055
202012 1.703 129.012 2.219
202103 0.345 131.660 0.440
202106 0.058 133.871 0.073
202109 1.154 137.913 1.407
202112 2.017 141.992 2.388
202203 -0.093 146.537 -0.107
202206 0.113 149.784 0.127
202209 1.029 147.800 1.170
202212 2.294 150.207 2.567
202303 -0.378 153.352 -0.414
202306 0.472 154.519 0.513
202309 1.478 155.464 1.598
202312 2.556 157.148 2.734
202403 -0.063 159.372 -0.066
202406 0.501 161.052 0.523
202409 1.556 162.342 1.611
202412 2.683 164.740 2.738
202503 0.085 168.102 0.085

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ambev  (MEX:ABEV N) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ambev Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Ambev's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Ambev Business Description

Address
Rua Doctor Renato Paes de Barros, 1017, 3rd Floor, Sao Paulo, SP, BRA, 04530-001
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving AB InBev a controlling interest of 62%.

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