Anheuser-Busch InBev/NV (BSP:ABUD34) Cyclically Adjusted Revenue per Share: R$28.49 (As of Mar. 2026)

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BSP:ABUD34 Anheuser-Busch InBev SA/NV BSP:ABUD34
75 GF Score
Price R$67.69
GF Value R$56.28
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Anheuser-Busch InBev/NV Cyclically Adjusted Revenue per Share?

Anheuser-Busch InBev/NV BSP:ABUD34 75 Cyclically Adjusted Revenue per Share is R$28.49 as of Mar. 2026. GuruFocus rates BSP:ABUD34 with a GF Score™ of 75/100 and a GF Value™ of R$56.28 (Modestly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was R$6.727. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$28.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Anheuser-Busch InBev/NV's average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Anheuser-Busch InBev/NV was 4.60% per year. The lowest was 2.20% per year. And the median was 2.90% per year.

As of today (2026-07-20), Anheuser-Busch InBev/NV's current stock price is R$67.69. Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$28.49. Anheuser-Busch InBev/NV's Cyclically Adjusted PS Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Anheuser-Busch InBev/NV was 4.34. The lowest was 1.54. And the median was 2.14.


Anheuser-Busch InBev/NV  (BSP:ABUD34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=67.69/28.49
=2.38

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Anheuser-Busch InBev/NV was 4.34. The lowest was 1.54. And the median was 2.14.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Anheuser-Busch InBev/NV Cyclically Adjusted Revenue per Share Related Terms


Anheuser-Busch InBev/NV Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Anheuser-Busch InBev/NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.21 28.39 25.96 33.48 30.38

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 Revenue per Share 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 31.06 29.21 28.34 30.38 28.49

BSP:ABUD34 vs STZ, TAP, SAM: Cyclically Adjusted Revenue per Share 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.


BSP:ABUD34
75GF Score
Anheuser-Busch InBev SA/NV BSP:ABUD34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anheuser-Busch InBev/NV Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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)
=6.727/136.5600*136.5600
=6.727

Current CPI (Mar. 2026) = 136.5600.

Anheuser-Busch InBev/NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.757 102.267 5.017
201609 3.671 102.118 4.909
201612 4.082 102.614 5.432
201703 3.419 103.972 4.491
201706 3.954 103.902 5.197
201709 3.896 104.170 5.107
201712 3.696 104.804 4.816
201803 3.645 105.419 4.722
201806 4.427 106.063 5.700
201809 4.478 106.618 5.736
201812 4.563 107.252 5.810
201903 3.999 107.876 5.062
201906 4.414 107.896 5.587
201909 4.563 107.470 5.798
201912 4.584 108.065 5.793
202003 4.573 108.550 5.753
202006 4.516 108.540 5.682
202009 5.776 108.441 7.274
202012 5.471 108.511 6.885
202103 5.764 109.522 7.187
202106 5.659 110.305 7.006
202109 6.261 111.543 7.665
202112 6.657 114.705 7.925
202203 5.436 118.620 6.258
202206 6.185 120.948 6.983
202209 6.555 124.120 7.212
202212 6.370 126.578 6.872
202303 6.123 126.528 6.608
202306 6.064 125.973 6.574
202309 6.359 127.083 6.833
202312 5.863 128.292 6.241
202403 6.016 130.552 6.293
202406 6.872 130.691 7.181
202409 6.930 130.968 7.226
202412 7.534 132.346 7.774
202503 6.559 134.348 6.667
202506 6.990 133.495 7.150
202509 6.811 133.740 6.955
202512 7.129 135.070 7.208
202603 6.727 136.560 6.727

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

What does a Cyclically Adjusted Revenue per Share of R$28.49 mean?
Anheuser-Busch InBev/NV (BSP:ABUD34) has a Cyclically Adjusted Revenue per Share of R$28.49 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors.
Is Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share too high?
Anheuser-Busch InBev/NV's current Cyclically Adjusted Revenue per Share is R$28.49. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share compare to STZ and TAP?
Anheuser-Busch InBev/NV's Cyclically Adjusted Revenue per Share of R$28.49 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Beverages - Alcoholic company?
A good Cyclically Adjusted Revenue per Share depends on the Beverages - Alcoholic industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors. Anheuser-Busch InBev/NV's current Cyclically Adjusted Revenue per Share is R$28.49. 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 (BSP:ABUD34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$56.28, compared to a current price of R$67.69 — trading 20.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$28.49. Anheuser-Busch InBev/NV's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BSP:ABUD34), the current Cyclically Adjusted Revenue per Share is R$28.49 as of Mar. 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 (BSP:ABUD34) Overvalued in 2026?

Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued. The current stock price of R$67.69 is trading 20.3% above its estimated GF Value™ of R$56.28. GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.

Key valuation signals for BSP:ABUD34:

  • Cyclically Adjusted Revenue per Share: R$28.49
  • GF Value™: R$56.28 vs. price of R$67.69 (20.3% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the BSP:ABUD34 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.
75GF Score

Get the complete analysis for BSP:ABUD34

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

R$67.69
Price
R$56.28
GF Value