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

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:ANB Anheuser-Busch InBev SA/NV MEX:ANB
73 GF Score
Price MXN1,475.00
GF Value MXN1,145.24
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Anheuser-Busch InBev/NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Anheuser-Busch InBev/NV  (MEX:ANB) 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

MEX:ANB 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.


MEX:ANB
73GF Score
Anheuser-Busch InBev SA/NV MEX:ANB
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)
=147.265/138.4600*138.4600
=147.265

Current CPI (Jun. 2026) = 138.4600.

Anheuser-Busch InBev/NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 130.895 102.118 177.478
201612 150.541 102.614 203.129
201703 123.507 103.972 164.475
201706 130.129 103.902 173.410
201709 135.444 104.170 180.029
201712 132.186 104.804 174.635
201803 121.166 105.419 159.143
201806 138.399 106.063 180.673
201809 122.326 106.618 158.860
201812 138.413 107.252 178.688
201903 121.197 107.876 155.557
201906 131.930 107.896 169.302
201909 131.202 107.470 169.035
201912 126.381 108.065 161.928
202003 131.674 108.550 167.955
202006 120.554 108.540 153.785
202009 141.772 108.441 181.017
202012 126.917 108.511 161.946
202103 125.452 109.522 158.600
202106 134.418 110.305 168.729
202109 146.312 111.543 181.619
202112 144.904 114.705 174.913
202203 130.502 118.620 152.330
202206 147.915 120.948 169.331
202209 150.872 124.120 168.303
202212 142.060 126.578 155.396
202303 127.141 126.528 139.131
202306 128.516 125.973 141.255
202309 134.564 127.083 146.611
202312 121.859 128.292 131.517
202403 120.292 130.552 127.579
202406 140.241 130.691 148.578
202409 147.834 130.968 156.291
202412 154.528 132.346 161.667
202503 139.822 134.348 144.102
202506 142.396 133.495 147.692
202509 139.780 133.740 144.713
202512 141.169 135.070 144.712
202603 139.184 136.560 141.121
202606 147.265 138.460 147.265

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 (MEX:ANB) Overvalued in 2026?

Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued. The current stock price of MXN1,475.00 is trading 28.8% above its estimated GF Value™ of MXN1,145.24. GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.

Key valuation signals for MEX:ANB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN1,145.24 vs. price of MXN1,475.00 (28.8% above fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the MEX:ANB 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.
73GF Score

Get the complete analysis for MEX:ANB

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

MXN1,475.00
Price
MXN1,145.24
GF Value