GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Ambev SA (MEX:ABEV N) » Definitions » E10

Ambev (MEX:ABEV N) E10 : MXN3.57 (As of Mar. 2025)


View and export this data going back to 2013. Start your Free Trial

What is Ambev E10?

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. 2025 was MXN0.834. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN3.57 for the trailing ten years ended in Mar. 2025.

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 3.10% per year. During the past 5 years, the average E10 Growth Rate was 5.60% per year. During the past 10 years, the average E10 Growth Rate was 6.90% 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 34.70% per year. The lowest was 3.10% per year. And the median was 13.40% per year.

As of today (2025-06-29), Ambev's current stock price is MXN45.80. Ambev's E10 for the quarter that ended in Mar. 2025 was MXN3.57. Ambev's Shiller PE Ratio of today is 12.83.

During the past 13 years, the highest Shiller PE Ratio of Ambev was 35.45. The lowest was 10.53. And the median was 19.22.


Ambev E10 Historical Data

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.

* Premium members only.

Ambev E10 Chart

Ambev Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 3.47 3.76 3.60 3.34

Ambev Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 3.42 3.39 3.70 3.34 3.57

Competitive Comparison of Ambev's E10

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's Shiller PE Ratio Distribution in the 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.


;
;

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. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.834/168.1016*168.1016
=0.834

Current CPI (Mar. 2025) = 168.1016.

Ambev Quarterly Data

per share eps CPI Adj_EPS
201506 0.807 100.006 1.356
201509 0.823 101.392 1.364
201512 1.152 104.247 1.858
201603 0.838 106.979 1.317
201606 0.702 108.851 1.084
201609 1.129 109.986 1.726
201612 1.844 110.802 2.798
201703 0.843 111.869 1.267
201706 0.713 112.115 1.069
201709 0.000 112.777 0.000
201712 1.192 114.068 1.757
201803 0.886 114.868 1.297
201806 0.758 117.038 1.089
201809 0.811 117.881 1.157
201812 1.062 118.340 1.509
201903 0.847 120.124 1.185
201906 0.792 120.977 1.101
201909 0.755 121.292 1.046
201912 1.195 123.436 1.627
202003 0.330 124.092 0.447
202006 0.344 123.557 0.468
202009 0.586 125.095 0.787
202012 1.663 129.012 2.167
202103 0.600 131.660 0.766
202106 0.720 133.871 0.904
202109 0.872 137.913 1.063
202112 0.871 141.992 1.031
202203 0.861 146.537 0.988
202206 0.746 149.784 0.837
202209 0.752 147.800 0.855
202212 1.227 150.207 1.373
202303 0.808 153.352 0.886
202306 0.558 154.519 0.607
202309 0.871 155.464 0.942
202312 0.970 157.148 1.038
202403 0.779 159.372 0.822
202406 0.516 161.052 0.539
202409 0.778 162.342 0.806
202412 1.060 164.740 1.082
202503 0.834 168.102 0.834

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


Ambev  (MEX:ABEV N) 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
=45.80/3.57
=12.83

* 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 35.45. The lowest was 10.53. And the median was 19.22.


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

Thank you for viewing the detailed overview of Ambev's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Ambev Business Description

Address
Rua Doctor 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 AB InBev a controlling interest of 62%.

Ambev Headlines

No Headlines