Anheuser-Busch InBev/NV (HAM:1NBA) Debt-to-EBITDA : N/A (As of Jun. 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.

HAM:1NBA Anheuser-Busch InBev SA/NV HAM:1NBA
78 GF Score
Price €69.06
GF Value €60.13
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Anheuser-Busch InBev/NV Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Anheuser-Busch InBev/NV's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €2,983 Mil. Anheuser-Busch InBev/NV's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €58,866 Mil. Anheuser-Busch InBev/NV's annualized EBITDA for the quarter that ended in Jun. 2026 was €22,788 Mil. Anheuser-Busch InBev/NV's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.71.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Anheuser-Busch InBev/NV's Debt-to-EBITDA or its related term are showing as below:

HAM:1NBA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.5   Med: 4.82   Max: 9.7
Current: 4.17

During the past 13 years, the highest Debt-to-EBITDA Ratio of Anheuser-Busch InBev/NV was 9.70. The lowest was 3.50. And the median was 4.82.

HAM:1NBA's Debt-to-EBITDA is ranked worse than
75.32% of 154 companies
in the Beverages - Alcoholic industry
Industry Median: 2.27 vs HAM:1NBA: 4.17

Anheuser-Busch InBev/NV  (HAM:1NBA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Anheuser-Busch InBev/NV Debt-to-EBITDA Related Terms


Anheuser-Busch InBev/NV Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Anheuser-Busch InBev/NV's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Anheuser-Busch InBev/NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.31 4.17 4.03 3.72 3.43

Anheuser-Busch InBev/NV Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Debt-to-EBITDA 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 N/A N/A N/A N/A N/A

HAM:1NBA vs STZ, TAP: Debt-to-EBITDA Comparison

For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Anheuser-Busch InBev/NV's Debt-to-EBITDA falls into.


HAM:1NBA
78GF Score
Anheuser-Busch InBev SA/NV HAM:1NBA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anheuser-Busch InBev/NV Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Anheuser-Busch InBev/NV's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(765.46468560567 + 59902.081826173) / 18147.616644026
=3.34

Anheuser-Busch InBev/NV's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2982.59424475 + 58866.439255181) / 22787.966147188
=2.71

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Jun. 2026) EBITDA data.

Is Anheuser-Busch InBev/NV (HAM:1NBA) Overvalued in 2026?

Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued. The current stock price of €69.06 is trading 14.9% above its estimated GF Value™ of €60.13. GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.

Key valuation signals for HAM:1NBA:

  • Debt-to-EBITDA: N/A
  • GF Value™: €60.13 vs. price of €69.06 (14.9% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the HAM:1NBA 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.
78GF Score

Get the complete analysis for HAM:1NBA

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€69.06
Price
€60.13
GF Value