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Ambev (FRA:BBS) Cyclically Adjusted PS Ratio : (As of May. 18, 2024)


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What is Ambev Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ambev'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.

* Premium members only.

Ambev Cyclically Adjusted PS Ratio Chart

Ambev Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.71 4.47 3.85 3.32 3.00

Ambev Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.22 3.45 2.89 3.00 2.67

Competitive Comparison of Ambev's Cyclically Adjusted PS Ratio

For the Beverages - Brewers subindustry, Ambev'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.


Ambev's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Ambev's Cyclically Adjusted PS Ratio falls into.



Ambev 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.

Ambev's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ambev's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.196/159.3724*159.3724
=1.196

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.859 91.838 1.491
201409 0.914 92.602 1.573
201412 1.199 94.194 2.029
201503 1.011 97.799 1.648
201506 0.906 100.006 1.444
201509 0.783 101.392 1.231
201512 1.155 104.247 1.766
201603 0.896 106.979 1.335
201606 0.861 108.851 1.261
201609 0.916 109.986 1.327
201612 1.189 110.802 1.710
201703 1.073 111.869 1.529
201706 0.885 112.115 1.258
201709 0.971 112.777 1.372
201712 1.230 114.068 1.719
201803 0.919 114.868 1.275
201806 0.834 117.038 1.136
201809 0.737 117.881 0.996
201812 1.157 118.340 1.558
201903 0.930 120.124 1.234
201906 0.890 120.977 1.172
201909 0.841 121.292 1.105
201912 1.068 123.436 1.379
202003 0.745 124.092 0.957
202006 0.635 123.557 0.819
202009 0.783 125.095 0.998
202012 0.946 129.012 1.169
202103 0.792 131.660 0.959
202106 0.828 133.871 0.986
202109 0.950 137.913 1.098
202112 1.100 141.992 1.235
202203 1.074 146.537 1.168
202206 1.076 149.784 1.145
202209 1.266 147.800 1.365
202212 1.304 150.207 1.384
202303 1.175 153.352 1.221
202306 1.147 154.519 1.183
202309 1.230 155.464 1.261
202312 1.194 157.148 1.211
202403 1.196 159.372 1.196

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.


Ambev  (FRA:BBS) 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.


Ambev Cyclically Adjusted PS Ratio Related Terms

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Ambev (FRA:BBS) Business Description

Address
Rua Doutor 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 Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.

Ambev (FRA:BBS) Headlines

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