Anheuser-Busch InBev/NV (HAM:1NBA) EBIT: €13,433 Mil (TTM As of Mar. 2026)


HAM:1NBA Anheuser-Busch InBev SA/NV HAM:1NBA
79 GF Score
Price €74.12
GF Value €56.50
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Anheuser-Busch InBev/NV EBIT?

Anheuser-Busch InBev/NV HAM:1NBA +2.57% 79 EBIT is €13,433 Mil as of Mar. 2026. GuruFocus rates HAM:1NBA with a GF Score™ of 79/100 and a GF Value™ of €56.50 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Anheuser-Busch InBev/NV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €3,973 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €13,433 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anheuser-Busch InBev/NV's annualized ROC % for the quarter that ended in Mar. 2026 was 6.48%. Anheuser-Busch InBev/NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 78.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anheuser-Busch InBev/NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.50%.


Anheuser-Busch InBev/NV  (HAM:1NBA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Anheuser-Busch InBev/NV's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=14096.04 * ( 1 - 20.88% )/( (172043.424 + 0)/ 1 )
=11152.786848/172043.424
=6.48 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=186862.032 - 23107.532 - ( 10109.652 - max(0, 29441.65 - 21152.726+10109.652))
=172043.424

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Anheuser-Busch InBev/NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=15891.78/( ( (20209.91 + max(-19439.602, 0)) + (0 + max(0, 0)) )/ 1 )
=15891.78/( ( 20209.91 + 0 )/ 1 )
=15891.78/20209.91
=78.63 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3639.748 + 4247.796 + 1347.612) - (23107.532 + 190.442 + 5376.784)
=-19439.602

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Anheuser-Busch InBev/NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=13432.879/206642.495
=6.50 %

* 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.


Anheuser-Busch InBev/NV EBIT Related Terms


Anheuser-Busch InBev/NV EBIT Historical Data

* Premium members only.

The historical data trend for Anheuser-Busch InBev/NV's EBIT 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 EBIT Chart

Anheuser-Busch InBev/NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,271.36 13,124.43 12,471.20 14,038.50 12,973.97

Anheuser-Busch InBev/NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 3,696.30 3,395.17 2,694.02 3,370.74 3,972.95

HAM:1NBA vs STZ, TAP: EBIT Comparison

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

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

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


HAM:1NBA
79GF Score
Anheuser-Busch InBev SA/NV HAM:1NBA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Anheuser-Busch InBev/NV EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €13,433 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €13,433 Mil mean?
Anheuser-Busch InBev/NV (HAM:1NBA) has a EBIT of €13,433 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Anheuser-Busch InBev/NV.
Is Anheuser-Busch InBev/NV's EBIT too high?
Anheuser-Busch InBev/NV's current EBIT is €13,433 Mil. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's EBIT compare to STZ and TAP?
Anheuser-Busch InBev/NV's EBIT of €13,433 Mil 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 EBIT for a Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Anheuser-Busch InBev/NV. Anheuser-Busch InBev/NV's current EBIT is €13,433 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anheuser-Busch InBev/NV stock overvalued right now?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV (HAM:1NBA) is currently considered Significantly Overvalued. The stock's GF Value™ is €56.50, compared to a current price of €74.12 — trading 31.2% above its estimated fair value. The current EBIT is €13,433 Mil. Anheuser-Busch InBev/NV's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (HAM:1NBA), the current EBIT is €13,433 Mil 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 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 €74.12 is trading 31.2% above its estimated GF Value™ of €56.50. GuruFocus considers Anheuser-Busch InBev/NV to be Significantly Overvalued.

Key valuation signals for HAM:1NBA:

  • EBIT: €13,433 Mil
  • GF Value™: €56.50 vs. price of €74.12 (31.2% above fair value)
  • GF Score™: 79/100 with 7 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.
79GF Score

Get the complete analysis for HAM:1NBA

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

€74.12
Price
€56.50
GF Value