Chongqing Brewery Co (SHSE:600132) Enterprise Value: ¥20,902 Mil (As of Jul. 24, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600132 Chongqing Brewery Co Ltd SHSE:600132
91 GF Score
Price ¥43.50
GF Value ¥58.29
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Chongqing Brewery Co Enterprise Value?

Chongqing Brewery Co SHSE:600132 -2.25% 91 Enterprise Value is ¥20,902 Mil as of Jul. 24, 2026. GuruFocus rates SHSE:600132 with a GF Score™ of 91/100 and a GF Value™ of ¥58.29 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Chongqing Brewery Co's Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ¥3,249 Mil. Therefore, Chongqing Brewery Co's EV-to-EBIT ratio for today is 6.43.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Chongqing Brewery Co's Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ¥3,249 Mil. Therefore, Chongqing Brewery Co's EV-to-EBITDA ratio for today is 6.43.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Chongqing Brewery Co's Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ¥14,716 Mil. Therefore, Chongqing Brewery Co's EV-to-Revenue ratio for today is 1.42.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Chongqing Brewery Co's Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,925 Mil. Therefore, Chongqing Brewery Co's EV-to-OCF ratio for today is 7.15.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Chongqing Brewery Co's Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,618 Mil. Therefore, Chongqing Brewery Co's EV-to-FCF ratio for today is 7.98.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Chongqing Brewery Co  (SHSE:600132) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Chongqing Brewery Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=20901.705/3249.132
=6.43

Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil.
Chongqing Brewery Co's 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 ¥3,249 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Chongqing Brewery Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=20901.705/3249.132
=6.43

Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil.
Chongqing Brewery Co's EBITDA 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 ¥3,249 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Chongqing Brewery Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=20901.705/14716.472
=1.42

Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil.
Chongqing Brewery Co's Revenue 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 ¥14,716 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Chongqing Brewery Co's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=20901.705/2924.511
=7.15

Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil.
Chongqing Brewery Co's Cash Flow from Operations 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 ¥2,925 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Chongqing Brewery Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=20901.705/2617.791
=7.98

Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil.
Chongqing Brewery Co's Free Cash Flow 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 ¥2,618 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.


Chongqing Brewery Co Enterprise Value Related Terms


Chongqing Brewery Co Enterprise Value Historical Data

* Premium members only.

The historical data trend for Chongqing Brewery Co's Enterprise Value 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.

Chongqing Brewery Co Enterprise Value Chart

Chongqing Brewery Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71,791.22 59,919.17 30,762.65 30,858.90 25,748.68

Chongqing Brewery Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 27,997.65 25,691.08 24,385.90 25,748.68 26,796.46

SHSE:600132 vs BUD, STZ: Enterprise Value Comparison

For the Beverages - Brewers subindustry, Chongqing Brewery Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Chongqing Brewery Co Enterprise Value vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Chongqing Brewery Co's Enterprise Value falls into.


SHSE:600132
91GF Score
Chongqing Brewery Co Ltd SHSE:600132
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chongqing Brewery Co Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Chongqing Brewery Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Chongqing Brewery Co's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of ¥20,902 Mil mean?
Chongqing Brewery Co (SHSE:600132) has a Enterprise Value of ¥20,902 Mil as of Jul. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Chongqing Brewery Co and its competitors.
Is Chongqing Brewery Co's Enterprise Value too high?
Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil. Overall, Chongqing Brewery Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's Enterprise Value compare to BUD and STZ?
Chongqing Brewery Co's Enterprise Value of ¥20,902 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 Enterprise Value for a Beverages - Alcoholic company?
A good Enterprise Value depends on the Beverages - Alcoholic industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Chongqing Brewery Co and its competitors. Chongqing Brewery Co's current Enterprise Value is ¥20,902 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.29, compared to a current price of ¥43.50 — trading 25.4% below its estimated fair value. The current Enterprise Value is ¥20,902 Mil. Chongqing Brewery Co's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Chongqing Brewery Co (SHSE:600132), the current Enterprise Value is ¥20,902 Mil as of Jul. 24, 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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?

Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued. The current stock price of ¥43.50 is trading 25.4% below its estimated GF Value™ of ¥58.29. GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.

Key valuation signals for SHSE:600132:

  • Enterprise Value: ¥20,902 Mil
  • GF Value™: ¥58.29 vs. price of ¥43.50 (25.4% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chongqing Brewery Co Business Description

Address No. 62, Jinsui Road, 13th Floor, Kingold Century Finance Center, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
91GF Score

Get the complete analysis for SHSE:600132

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

¥43.50
Price
¥58.29
GF Value