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Ambev (BSP:ABEV3) Cyclically Adjusted PS Ratio : 2.69 (As of May. 16, 2024)


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What is Ambev Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Ambev's current share price is R$12.31. Ambev's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$4.58. Ambev's Cyclically Adjusted PS Ratio for today is 2.69.

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

BSP:ABEV3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.61   Med: 6.02   Max: 9.73
Current: 2.69

During the past years, Ambev's highest Cyclically Adjusted PS Ratio was 9.73. The lowest was 2.61. And the median was 6.02.

BSP:ABEV3's Cyclically Adjusted PS Ratio is ranked worse than
61.9% of 168 companies
in the Beverages - Alcoholic industry
Industry Median: 1.78 vs BSP:ABEV3: 2.69

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 R$1.280. 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 R$4.58 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 3.01

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 3.01 2.72

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
=12.31/4.58
=2.69

* 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)
=1.28/159.3724*159.3724
=1.280

Current CPI (Mar. 2024) = 159.3724.

Ambev Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.517 91.838 0.897
201409 0.552 92.602 0.950
201412 0.753 94.194 1.274
201503 0.690 97.799 1.124
201506 0.632 100.006 1.007
201509 0.692 101.392 1.088
201512 0.958 104.247 1.465
201603 0.736 106.979 1.096
201606 0.659 108.851 0.965
201609 0.651 109.986 0.943
201612 0.821 110.802 1.181
201703 0.716 111.869 1.020
201706 0.663 112.115 0.942
201709 0.723 112.777 1.022
201712 0.908 114.068 1.269
201803 0.743 114.868 1.031
201806 0.727 117.038 0.990
201809 0.698 117.881 0.944
201812 1.008 118.340 1.358
201903 0.797 120.124 1.057
201906 0.766 120.977 1.009
201909 0.755 121.292 0.992
201912 0.960 123.436 1.239
202003 0.794 124.092 1.020
202006 0.732 123.557 0.944
202009 0.984 125.095 1.254
202012 1.168 129.012 1.443
202103 1.048 131.660 1.269
202106 0.991 133.871 1.180
202109 1.166 137.913 1.347
202112 1.389 141.992 1.559
202203 1.163 146.537 1.265
202206 1.135 149.784 1.208
202209 1.299 147.800 1.401
202212 1.433 150.207 1.520
202303 1.296 153.352 1.347
202306 1.192 154.519 1.229
202309 1.282 155.464 1.314
202312 1.263 157.148 1.281
202403 1.280 159.372 1.280

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  (BSP:ABEV3) 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 (BSP:ABEV3) 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.

Ambev (BSP:ABEV3) Headlines

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