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Heineken NVHINKF +0.01%81 EV-to-EBITDA is 9.18 as of Aug. 29, 2026, which is 20% below its 10-year median of 11.47. GuruFocus rates HINKF with a GF Score™ of 81/100 and a GF Value™ of $93.32 (Fairly Valued). The stock has 4 warning signs investors should review. Among 167 Beverages - Alcoholic companies, Heineken NV ranks better than 62.28% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Heineken NV's enterprise value is $70,482 Mil.
Heineken NV's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $7,679 Mil. Therefore, Heineken NV's EV-to-EBITDA for today is 9.18.
The historical rank and industry rank for Heineken NV's EV-to-EBITDA or its related term are showing as below:
HINKF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.55 Med: 11.47 Max: 20.93
Current: 9.15
During the past 13 years, the highest EV-to-EBITDA of Heineken NV was 20.93. The lowest was 8.55. And the median was 11.47.
HINKF's EV-to-EBITDA is ranked better than 62.28% of 167
companies
in the Beverages - Alcoholic industry
Industry Median: 10.81
vs HINKF: 9.15
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Heineken NV's PE Ratio (TTM) for today is calculated as:
Heineken NV's share price for today is $85.22.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heineken NV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $4.762.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Heineken NV's EV-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.
For the Beverages - Brewers subindustry, Heineken NV's EV-to-EBITDA, along with its competitors' market caps and EV-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.
Heineken NV EV-to-EBITDA vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken NV's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Heineken NV's EV-to-EBITDA falls into.
Heineken NV's current Enterprise Value is $70,482 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Heineken NV's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $7,679 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 NV (HINKF) has a EV-to-EBITDA of 9.18 as of Aug. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Heineken NV. This is 20% below median its historical median of 11.47. Over the past decade, Heineken NV's EV-to-EBITDA has ranged from 8.55 to 20.93. According to the industry distribution chart, Heineken NV ranks #63 out of 167 companies in the Beverages - Alcoholic industry, placing it in the top 37.7%.
Is Heineken NV's EV-to-EBITDA too high?
Heineken NV's current EV-to-EBITDA of 9.18 is 20% below median its 10-year median of 11.47. Over the past 10 years, this metric has ranged from a low of 8.55 to a high of 20.93. The Beverages - Alcoholic industry median EV-to-EBITDA is 10.81. Heineken NV's value of 9.18 is 15.1% below this industry median. Based on the distribution chart, Heineken NV ranks #63 out of 167 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Heineken NV has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heineken NV's EV-to-EBITDA compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Heineken NV ranks #63 out of 167 companies for EV-to-EBITDA. This puts Heineken NV in the upper half of its industry. The industry median EV-to-EBITDA is 10.81. Heineken NV's value of 9.18 is 15.1% below this benchmark. Historically, Heineken NV's own EV-to-EBITDA has ranged from 8.55 to 20.93 over the past decade. While the company's 10-year median is 11.47 vs. the industry median of 10.81, Heineken 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-EBITDA for a Beverages - Alcoholic company?
The median EV-to-EBITDA among Beverages - Alcoholic companies is 10.81, based on 167 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heineken NV's current EV-to-EBITDA of 9.18 is 15.1% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Heineken NV. For the Beverages - Alcoholic industry, the median EV-to-EBITDA is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heineken NV's current EV-to-EBITDA is 9.18, which is 20% below median its own 10-year median of 11.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken NV stock overvalued right now?
Based on GuruFocus' analysis, Heineken NV (HINKF) is currently considered Fairly Valued. The stock's GF Value™ is $93.32, compared to a current price of $85.22 — trading 8.7% below its estimated fair value. The current EV-to-EBITDA is 9.18, which is 20% below median its 10-year median of 11.47 and 15.1% below the Beverages - Alcoholic industry median of 10.81. Heineken NV's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Heineken NV (HINKF), the current EV-to-EBITDA is 9.18 as of Aug. 29, 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 NV (HINKF) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken NV stock appears to be undervalued.
The current stock price of $85.22 is trading 8.7% below its estimated GF Value™ of $93.32.
GuruFocus considers Heineken NV to be Fairly Valued.
Key valuation signals for HINKF:
EV-to-EBITDA: 9.18 (20% below median its 10-year median of 11.47)
GF Value™: $93.32 vs. price of $85.22 (8.7% below fair value)
Industry Position: 15.1% below the Beverages - Alcoholic median (#63 of 167)
No single metric tells the full story. See the HINKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken is the world's second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer. Its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
81GF Score
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