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Ambev (BUE:ABEV) Cyclically Adjusted PB Ratio : 2.41 (As of May. 16, 2024)


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What is Ambev Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Ambev's current share price is ARS7850.00. Ambev's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS3,251.55. Ambev's Cyclically Adjusted PB Ratio for today is 2.41.

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

BUE:ABEV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.38   Med: 6.22   Max: 10.94
Current: 2.45

During the past years, Ambev's highest Cyclically Adjusted PB Ratio was 10.94. The lowest was 2.38. And the median was 6.22.

BUE:ABEV's Cyclically Adjusted PB Ratio is ranked worse than
59.63% of 161 companies
in the Beverages - Alcoholic industry
Industry Median: 1.91 vs BUE:ABEV: 2.45

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ambev's adjusted book value per share data for the three months ended in Mar. 2024 was ARS930.322. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ARS3,251.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ambev's Cyclically Adjusted PB 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 PB Ratio Chart

Ambev Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.80 4.37 3.68 3.11 2.75

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 PB 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 2.97 3.14 2.64 2.75 2.49

Competitive Comparison of Ambev's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Ambev's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Beverages - Alcoholic Industry

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

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



Ambev Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Ambev's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7850.00/3251.55
=2.41

* 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 Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=930.322/159.3724*159.3724
=930.322

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.464 91.838 16.424
201409 9.726 92.602 16.739
201412 8.695 94.194 14.712
201503 7.918 97.799 12.903
201506 8.221 100.006 13.101
201509 7.416 101.392 11.657
201512 10.277 104.247 15.711
201603 11.846 106.979 17.648
201606 11.524 108.851 16.873
201609 13.853 109.986 20.073
201612 13.494 110.802 19.409
201703 14.706 111.869 20.951
201706 15.216 112.115 21.630
201709 16.797 112.777 23.737
201712 16.817 114.068 23.496
201803 19.088 114.868 26.483
201806 21.988 117.038 29.941
201809 33.590 117.881 45.413
201812 34.738 118.340 46.783
201903 38.254 120.124 50.753
201906 45.405 120.977 59.815
201909 56.747 121.292 74.563
201912 56.732 123.436 73.248
202003 56.809 124.092 72.961
202006 61.997 123.557 79.968
202009 68.163 125.095 86.840
202012 74.207 129.012 91.670
202103 83.340 131.660 100.881
202106 94.437 133.871 112.427
202109 102.128 137.913 118.019
202112 93.776 141.992 105.254
202203 108.153 146.537 117.626
202206 130.634 149.784 138.997
202209 151.803 147.800 163.689
202212 166.399 150.207 176.553
202303 204.740 153.352 212.777
202306 267.146 154.519 275.537
202309 406.234 155.464 416.448
202312 369.422 157.148 374.651
202403 930.322 159.372 930.322

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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  (BUE:ABEV) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Ambev Cyclically Adjusted PB Ratio Related Terms

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


Ambev (BUE:ABEV) Business Description

Traded in Other Exchanges
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.