BUDFF (Anheuser-Busch InBev/NV) Cyclically Adjusted PS Ratio: 2.37 (As of Jul. 08, 2026) — 13% Above Median


BUDFF Anheuser-Busch InBev SA/NV BUDFF
82 GF Score
Price $79.78
GF Value $64.95
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio?

Anheuser-Busch InBev/NV BUDFF -0.48% 82 Cyclically Adjusted PS Ratio is 2.37 as of Jul. 08, 2026, which is 13% above its 10-year median of 2.10. GuruFocus rates BUDFF with a GF Scoreâ„¢ of 82/100 and a GF Valueâ„¢ of $64.95 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 172 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks worse than 65.7% on this metric.

As of today (2026-07-08), Anheuser-Busch InBev/NV's current share price is $79.7835. Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $33.71. Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio for today is 2.37.

The historical rank and industry rank for Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUDFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 2.1   Max: 4.3
Current: 2.44

During the past years, Anheuser-Busch InBev/NV's highest Cyclically Adjusted PS Ratio was 4.30. The lowest was 1.58. And the median was 2.10.

BUDFF's Cyclically Adjusted PS Ratio is ranked worse than
65.7% of 172 companies
in the Beverages - Alcoholic industry
Industry Median: 1.53 vs BUDFF: 2.44

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Anheuser-Busch InBev/NV's adjusted revenue per share data for the three months ended in Mar. 2026 was $7.718. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $33.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anheuser-Busch InBev/NV  (OTCPK:BUDFF) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio Related Terms


Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio 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.

Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio Chart

Anheuser-Busch InBev/NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 2.04 2.08 1.67 1.90

Anheuser-Busch InBev/NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio 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 1.95 2.02 1.77 1.90 2.06

BUDFF vs STZ, TAP, SAM: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio falls into.


BUDFF
82GF Score
Anheuser-Busch InBev SA/NV BUDFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio Calculation

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

Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=79.7835/33.71
=2.37

* 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.

Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Anheuser-Busch InBev/NV's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.718/135.0710*135.0710
=7.718

Current CPI (Mar. 2026) = 135.0710.

Anheuser-Busch InBev/NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.585 102.267 8.697
201609 6.770 102.118 8.955
201612 7.302 102.614 9.612
201703 6.559 103.972 8.521
201706 7.199 103.902 9.359
201709 7.463 104.170 9.677
201712 6.731 104.804 8.675
201803 6.669 105.419 8.545
201806 7.043 106.063 8.969
201809 6.540 106.618 8.285
201812 7.049 107.252 8.877
201903 6.248 107.876 7.823
201906 6.868 107.896 8.598
201909 6.646 107.470 8.353
201912 6.701 108.065 8.376
202003 5.616 108.550 6.988
202006 5.223 108.540 6.500
202009 6.418 108.441 7.994
202012 6.380 108.511 7.942
202103 6.137 109.522 7.569
202106 6.753 110.305 8.269
202109 7.116 111.543 8.617
202112 7.064 114.705 8.318
202203 6.554 118.620 7.463
202206 7.352 120.948 8.210
202209 7.500 124.120 8.162
202212 7.287 126.578 7.776
202303 7.054 126.528 7.530
202306 7.496 125.973 8.037
202309 7.725 127.083 8.211
202312 7.179 128.292 7.558
202403 7.248 130.552 7.499
202406 7.655 130.691 7.912
202409 7.508 130.968 7.743
202412 7.409 132.346 7.562
202503 6.835 134.348 6.872
202506 7.563 133.495 7.652
202509 7.620 133.743 7.696
202512 7.840 135.071 7.840
202603 7.718 135.071 7.718

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 2.37 mean?
Anheuser-Busch InBev/NV (BUDFF) has a Cyclically Adjusted PS Ratio of 2.37 as of Jul. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 13% above median its historical median of 2.10. Over the past decade, Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio has ranged from 1.58 to 4.30. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #113 out of 172 companies in the Beverages - Alcoholic industry, placing it in the top 65.7%.
Is Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio too high?
Anheuser-Busch InBev/NV's current Cyclically Adjusted PS Ratio of 2.37 is 13% above median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 4.30. The Beverages - Alcoholic industry median Cyclically Adjusted PS Ratio is 1.53. Anheuser-Busch InBev/NV's value of 2.37 is 54.9% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #113 out of 172 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Anheuser-Busch InBev/NV has a GF Scoreâ„¢ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #113 out of 172 companies for Cyclically Adjusted PS Ratio. This places Anheuser-Busch InBev/NV in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.53. Anheuser-Busch InBev/NV's value of 2.37 is 54.9% above this benchmark. Historically, Anheuser-Busch InBev/NV's own Cyclically Adjusted PS Ratio has ranged from 1.58 to 4.30 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 1.53, Anheuser-Busch InBev/NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Beverages - Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Alcoholic companies is 1.53, based on 172 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Cyclically Adjusted PS Ratio of 2.37 is 54.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Cyclically Adjusted PS Ratio is 2.37, which is 13% above median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anheuser-Busch InBev/NV stock overvalued right now?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV (BUDFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $64.95, compared to a current price of $79.78 — trading 22.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.37, which is 13% above median its 10-year median of 2.10 and 54.9% above the Beverages - Alcoholic industry median of 1.53. Anheuser-Busch InBev/NV's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current Cyclically Adjusted PS Ratio is 2.37 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anheuser-Busch InBev/NV (BUDFF) Overvalued in 2026?

Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued. The current stock price of $79.78 is trading 22.8% above its estimated GF Value™ of $64.95. GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.

Key valuation signals for BUDFF:

  • Cyclically Adjusted PS Ratio: 2.37 (13% above median its 10-year median of 2.10)
  • GF Value™: $64.95 vs. price of $79.78 (22.8% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 54.9% above the Beverages - Alcoholic median (#113 of 172)

No single metric tells the full story. See the BUDFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anheuser-Busch InBev/NV Business Description

Address Brouwerijplein 1, Leuven, BEL, 3000
Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and US-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev, an 87% stake in Budweiser APAC, and in 2016 acquired SABMiller.
82GF Score

Get the complete analysis for BUDFF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$79.78
Price
$64.95
GF Value