Ambev (LTS:0A6X) E10: $0.20 (As of Mar. 2026)


LTS:0A6X Ambev SA LTS:0A6X
87 GF Score
Price $3.10
GF Value $2.74
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ambev E10?

Ambev LTS:0A6X 87 E10 is $0.20 as of Mar. 2026. GuruFocus rates LTS:0A6X with a GF Score™ of 87/100 and a GF Value™ of $2.74 (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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ambev's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.046. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.20 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ambev's average E10 Growth Rate was 1.00% per year. During the past 3 years, the average E10 Growth Rate was 0.70% per year. During the past 5 years, the average E10 Growth Rate was 4.00% per year. During the past 10 years, the average E10 Growth Rate was 5.50% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Ambev was 24.40% per year. The lowest was 0.70% per year. And the median was 10.75% per year.

As of today (2026-07-06), Ambev's current stock price is $3.10. Ambev's E10 for the quarter that ended in Mar. 2026 was $0.20. Ambev's Shiller PE Ratio of today is 15.50.

During the past 13 years, the highest Shiller PE Ratio of Ambev was 32.97. The lowest was 10.53. And the median was 16.49.


Ambev  (LTS:0A6X) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ambev's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.10/0.20
=15.50

* 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 Shiller P/E Ratio of Ambev was 32.97. The lowest was 10.53. And the median was 16.49.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Ambev E10 Related Terms


Ambev E10 Historical Data

* Premium members only.

The historical data trend for Ambev's E10 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.

Ambev E10 Chart

Ambev Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.19 0.21 0.16 0.18

Ambev Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.18 0.19 0.19 0.18 0.20

LTS:0A6X vs BUD, STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, Ambev's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Beverages - Alcoholic Industry

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

* The bar in red indicates where Ambev's Shiller PE Ratio falls into.


LTS:0A6X
87GF Score
Ambev SA LTS:0A6X
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ambev E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Ambev's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.046/175.0655*175.0655
=0.046

Current CPI (Mar. 2026) = 175.0655.

Ambev Quarterly Data

per share eps CPI Adj_EPS
201606 0.038 108.851 0.061
201609 0.058 109.986 0.092
201612 0.089 110.802 0.141
201703 0.045 111.869 0.070
201706 0.039 112.115 0.061
201709 0.000 112.777 0.000
201712 0.061 114.068 0.094
201803 0.049 114.868 0.075
201806 0.039 117.038 0.058
201809 0.043 117.881 0.064
201812 0.054 118.340 0.080
201903 0.044 120.124 0.064
201906 0.041 120.977 0.059
201909 0.038 121.292 0.055
201912 0.063 123.436 0.089
202003 0.014 124.092 0.020
202006 0.015 123.557 0.021
202009 0.027 125.095 0.038
202012 0.084 129.012 0.114
202103 0.029 131.660 0.039
202106 0.036 133.871 0.047
202109 0.042 137.913 0.053
202112 0.042 141.992 0.052
202203 0.043 146.537 0.051
202206 0.037 149.784 0.043
202209 0.037 147.800 0.044
202212 0.063 150.207 0.073
202303 0.045 153.352 0.051
202306 0.033 154.519 0.037
202309 0.050 155.464 0.056
202312 0.057 157.148 0.063
202403 0.047 159.372 0.052
202406 0.028 161.052 0.030
202409 0.040 162.342 0.043
202412 0.051 164.740 0.054
202503 0.041 168.102 0.043
202506 0.031 169.670 0.032
202509 0.056 170.739 0.057
202512 0.051 171.765 0.052
202603 0.046 175.066 0.046

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.20 mean?
Ambev (LTS:0A6X) has a E10 of $0.20 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ambev and its competitors.
Is Ambev's E10 too high?
Ambev's current E10 is $0.20. Overall, Ambev has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's E10 compare to BUD and STZ?
Ambev's E10 of $0.20 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 E10 for a Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ambev and its competitors. Ambev's current E10 is $0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambev stock overvalued right now?
Based on GuruFocus' analysis, Ambev (LTS:0A6X) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.74, compared to a current price of $3.10 — trading 13.1% above its estimated fair value. The current E10 is $0.20. Ambev's overall GF Score™ is 87/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Ambev (LTS:0A6X), the current E10 is $0.20 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 Ambev (LTS:0A6X) Overvalued in 2026?

Based on GuruFocus' analysis, Ambev stock appears to be overvalued. The current stock price of $3.10 is trading 13.1% above its estimated GF Value™ of $2.74. GuruFocus considers Ambev to be Modestly Overvalued.

Key valuation signals for LTS:0A6X:

  • E10: $0.20
  • GF Value™: $2.74 vs. price of $3.10 (13.1% above fair value)
  • GF Score™: 87/100 with 6 warning signs

No single metric tells the full story. See the LTS:0A6X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ambev Business Description

Address Rua Doctor Renato Paes de Barros, 1017, 4th 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 AB InBev a controlling interest of 62%.
87GF Score

Get the complete analysis for LTS:0A6X

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.10
Price
$2.74
GF Value