Heineken Holding NV (FRA:4H5) EV-to-EBIT: 11.55 (As of Aug. 28, 2026) — 13% Below Median

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FRA:4H5 Heineken Holding NV FRA:4H5
82 GF Score
Price €68.05
GF Value €69.27
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Heineken Holding NV EV-to-EBIT?

Heineken Holding NV FRA:4H5 -0.15% 82 EV-to-EBIT is 11.55 as of Aug. 28, 2026, which is 13% below its 10-year median of 13.24. GuruFocus rates FRA:4H5 with a GF Score™ of 82/100 and a GF Value™ of €69.27 (Fairly Valued). The stock has 6 warning signs investors should review. Among 159 Beverages - Alcoholic companies, Heineken Holding NV ranks better than 61.01% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Heineken Holding NV's Enterprise Value is €48,546 Mil. Heineken Holding NV's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €4,204 Mil. Therefore, Heineken Holding NV's EV-to-EBIT for today is 11.55.

The historical rank and industry rank for Heineken Holding NV's EV-to-EBIT or its related term are showing as below:

FRA:4H5' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.11   Med: 13.24   Max: 67.96
Current: 11.55

During the past 13 years, the highest EV-to-EBIT of Heineken Holding NV was 67.96. The lowest was 9.11. And the median was 13.24.

FRA:4H5's EV-to-EBIT is ranked better than
61.01% of 159 companies
in the Beverages - Alcoholic industry
Industry Median: 14.04 vs FRA:4H5: 11.55

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Heineken Holding NV's Enterprise Value for the quarter that ended in Jun. 2026 was €48,601 Mil. Heineken Holding NV's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €4,204 Mil. Heineken Holding NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8.65%.


Heineken Holding NV  (FRA:4H5) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Heineken Holding NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=4204/48600.97
=8.65 %

Heineken Holding NV's Enterprise Value for the quarter that ended in Jun. 2026 was €48,601 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heineken Holding NV's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €4,204 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.


Heineken Holding NV EV-to-EBIT Related Terms


Heineken Holding NV EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Heineken Holding NV's EV-to-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.

Heineken Holding NV EV-to-EBIT Chart

Heineken Holding NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 9.99 15.70 16.07 11.96

Heineken Holding NV Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EV-to-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 0.00 16.07 0.00 11.96 0.00

FRA:4H5 vs STZ, TAP: EV-to-EBIT Comparison

For the Beverages - Brewers subindustry, Heineken Holding 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.


Heineken Holding NV EV-to-EBIT vs Beverages - Alcoholic Industry

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

* The bar in red indicates where Heineken Holding NV's EV-to-EBIT falls into.


FRA:4H5
82GF Score
Heineken Holding NV FRA:4H5
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heineken Holding NV EV-to-EBIT Calculation

Heineken Holding NV's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=48546.377/4204
=11.55

Heineken Holding NV's current Enterprise Value is €48,546 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heineken Holding NV's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €4,204 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 EV-to-EBIT →
What does a EV-to-EBIT of 11.55 mean?
Heineken Holding NV (FRA:4H5) has a EV-to-EBIT of 11.55 as of Aug. 28, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Heineken Holding NV and its competitors. This is 13% below median its historical median of 13.24. Over the past decade, Heineken Holding NV's EV-to-EBIT has ranged from 9.11 to 67.96. According to the industry distribution chart, Heineken Holding NV ranks #62 out of 159 companies in the Beverages - Alcoholic industry, placing it in the top 39%.
Is Heineken Holding NV's EV-to-EBIT too high?
Heineken Holding NV's current EV-to-EBIT of 11.55 is 13% below median its 10-year median of 13.24. Over the past 10 years, this metric has ranged from a low of 9.11 to a high of 67.96. The Beverages - Alcoholic industry median EV-to-EBIT is 14.04. Heineken Holding NV's value of 11.55 is 17.7% below this industry median. Based on the distribution chart, Heineken Holding NV ranks #62 out of 159 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Heineken Holding NV has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken Holding NV's EV-to-EBIT compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken Holding NV ranks #62 out of 159 companies for EV-to-EBIT. This puts Heineken Holding NV in the upper half of its industry. The industry median EV-to-EBIT is 14.04. Heineken Holding NV's value of 11.55 is 17.7% below this benchmark. Historically, Heineken Holding NV's own EV-to-EBIT has ranged from 9.11 to 67.96 over the past decade. While the company's 10-year median is 13.24 vs. the industry median of 14.04, Heineken Holding NV has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Beverages - Alcoholic company?
The median EV-to-EBIT among Beverages - Alcoholic companies is 14.04, based on 159 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heineken Holding NV's current EV-to-EBIT of 11.55 is 17.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Heineken Holding NV and its competitors. For the Beverages - Alcoholic industry, the median EV-to-EBIT is 14.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken Holding NV's current EV-to-EBIT is 11.55, which is 13% below median its own 10-year median of 13.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken Holding NV (FRA:4H5) is currently considered Fairly Valued. The stock's GF Value™ is €69.27, compared to a current price of €68.05 — trading 1.8% below its estimated fair value. The current EV-to-EBIT is 11.55, which is 13% below median its 10-year median of 13.24 and 17.7% below the Beverages - Alcoholic industry median of 14.04. Heineken Holding NV's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Heineken Holding NV (FRA:4H5), the current EV-to-EBIT is 11.55 as of Aug. 28, 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 Heineken Holding NV (FRA:4H5) Overvalued in 2026?

Based on GuruFocus' analysis, Heineken Holding NV stock appears to be undervalued. The current stock price of €68.05 is trading 1.8% below its estimated GF Value™ of €69.27. GuruFocus considers Heineken Holding NV to be Fairly Valued.

Key valuation signals for FRA:4H5:

  • EV-to-EBIT: 11.55 (13% below median its 10-year median of 13.24)
  • GF Value™: €69.27 vs. price of €68.05 (1.8% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 17.7% below the Beverages - Alcoholic median (#62 of 159)

No single metric tells the full story. See the FRA:4H5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heineken Holding NV Business Description

Address Tweede Weteringplantsoen 5, PO Box 28, Amsterdam, NH, NLD, 1017 ZD
Heineken Holding NV, through its subsidiary, is involved in the brewing and selling of beer and cider. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. The company has five reportable segments: Europe, Americas, Africa & Middle East, Asia Pacific and Heineken N.V. Head Office & Other/Eliminations. The majority of the revenue is generated from the Europe segment.
82GF Score

Get the complete analysis for FRA:4H5

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

€68.05
Price
€69.27
GF Value