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Ambev (MEX:ABEV) Cyclically Adjusted PS Ratio : 2.51 (As of Jun. 23, 2024)


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What is Ambev Cyclically Adjusted PS Ratio?

As of today (2024-06-23), Ambev's current share price is MXN38.99. Ambev's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was MXN15.52. Ambev's Cyclically Adjusted PS Ratio for today is 2.51.

The historical rank and industry rank for Ambev's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:ABEV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.41   Med: 5.96   Max: 9.73
Current: 2.41

During the past years, Ambev's highest Cyclically Adjusted PS Ratio was 9.73. The lowest was 2.41. And the median was 5.96.

MEX:ABEV's Cyclically Adjusted PS Ratio is ranked worse than
61.4% of 171 companies
in the Beverages - Alcoholic industry
Industry Median: 1.69 vs MEX:ABEV: 2.41

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.

Ambev's adjusted revenue per share data for the three months ended in Mar. 2024 was MXN4.266. 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 MXN15.52 for the trailing ten years ended in Mar. 2024.

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=38.99/15.52
=2.51

* 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 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)
=4.266/159.3724*159.3724
=4.266

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.000 91.838 5.206
201409 3.169 92.602 5.454
201412 4.207 94.194 7.118
201503 3.347 97.799 5.454
201506 3.187 100.006 5.079
201509 2.995 101.392 4.708
201512 4.243 104.247 6.487
201603 3.425 106.979 5.102
201606 3.562 108.851 5.215
201609 3.867 109.986 5.603
201612 5.048 110.802 7.261
201703 4.309 111.869 6.139
201706 3.637 112.115 5.170
201709 4.191 112.777 5.923
201712 5.413 114.068 7.563
201803 4.118 114.868 5.713
201806 3.788 117.038 5.158
201809 3.178 117.881 4.297
201812 5.097 118.340 6.864
201903 4.024 120.124 5.339
201906 3.814 120.977 5.024
201909 3.616 121.292 4.751
201912 4.410 123.436 5.694
202003 3.811 124.092 4.895
202006 3.256 123.557 4.200
202009 4.025 125.095 5.128
202012 4.516 129.012 5.579
202103 3.803 131.660 4.603
202106 3.922 133.871 4.669
202109 4.542 137.913 5.249
202112 5.037 141.992 5.654
202203 4.654 146.537 5.062
202206 4.522 149.784 4.811
202209 4.982 147.800 5.372
202212 5.326 150.207 5.651
202303 4.485 153.352 4.661
202306 4.211 154.519 4.343
202309 4.523 155.464 4.637
202312 4.376 157.148 4.438
202403 4.266 159.372 4.266

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  (MEX:ABEV) 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

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


Ambev (MEX:ABEV) 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.

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