Anheuser-Busch InBev/NV (FRA:ITKA) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:ITKA Anheuser-Busch InBev SA/NV FRA:ITKA
74 GF Score
Price €72.50
GF Value €56.29
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Anheuser-Busch InBev/NV 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


Anheuser-Busch InBev/NV  (FRA:ITKA) 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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.02 1.77 1.90 2.04 0.00

FRA:ITKA vs STZ, TAP: 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.


FRA:ITKA
74GF Score
Anheuser-Busch InBev SA/NV FRA:ITKA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.326/138.4600*138.4600
=7.326

Current CPI (Jun. 2026) = 138.4600.

Anheuser-Busch InBev/NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.032 102.118 8.179
201612 6.922 102.614 9.340
201703 6.133 103.972 8.167
201706 6.407 103.902 8.538
201709 6.262 104.170 8.323
201712 5.687 104.804 7.513
201803 5.409 105.419 7.104
201806 6.029 106.063 7.871
201809 5.605 106.618 7.279
201812 6.196 107.252 7.999
201903 5.529 107.876 7.097
201906 6.078 107.896 7.800
201909 6.034 107.470 7.774
201912 6.031 108.065 7.727
202003 5.082 108.550 6.482
202006 4.638 108.540 5.916
202009 5.449 108.441 6.957
202012 5.245 108.511 6.693
202103 5.155 109.522 6.517
202106 5.605 110.305 7.036
202109 6.048 111.543 7.507
202112 6.251 114.705 7.546
202203 5.951 118.620 6.946
202206 6.955 120.948 7.962
202209 7.576 124.120 8.451
202212 6.879 126.578 7.525
202303 6.588 126.528 7.209
202306 6.919 125.973 7.605
202309 7.239 127.083 7.887
202312 6.583 128.292 7.105
202403 6.668 130.552 7.072
202406 7.112 130.691 7.535
202409 6.765 130.968 7.152
202412 7.076 132.346 7.403
202503 6.322 134.348 6.516
202506 6.557 133.495 6.801
202509 6.492 133.740 6.721
202512 6.696 135.070 6.864
202603 6.676 136.560 6.769
202606 7.326 138.460 7.326

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.

Is Anheuser-Busch InBev/NV (FRA:ITKA) Overvalued in 2026?

Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued. The current stock price of €72.50 is trading 28.8% above its estimated GF Value™ of €56.29. GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.

Key valuation signals for FRA:ITKA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €56.29 vs. price of €72.50 (28.8% above fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the FRA:ITKA 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.
74GF Score

Get the complete analysis for FRA:ITKA

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

€72.50
Price
€56.29
GF Value