Ambev (BSP:ABEV3) EPS without NRI: R$1.09 (TTM As of Mar. 2026)


BSP:ABEV3 Ambev SA BSP:ABEV3
82 GF Score
Price R$15.82
GF Value R$14.15
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ambev EPS without NRI?

Ambev BSP:ABEV3 +0.64% 82 EPS without NRI is R$1.09 as of Mar. 2026. GuruFocus rates BSP:ABEV3 with a GF Score™ of 82/100 and a GF Value™ of R$14.15 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 172 Beverages - Alcoholic companies, Ambev ranks worse than 57.56% on this metric.

Ambev's earnings per share without non-recurring items for the three months ended in Mar. 2026 was R$0.28. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was R$1.09.

During the past 12 months, Ambev's average earnings per share (NRI) Growth Rate was 9.50% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -0.40% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 2.20% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 4.50% 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 EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Ambev's EPS without NRI or its related term are showing as below:

BSP:ABEV3' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -14.7   Med: 14.55   Max: 73.7
Current: -0.4

During the past 13 years, Ambev's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 73.70% per year. The lowest was -14.70% per year. And the median was 14.55% per year.

BSP:ABEV3's 3-Year EPS without NRI Growth Rate is ranked worse than
57.56% of 172 companies
in the Beverages - Alcoholic industry
Industry Median: 3.55 vs BSP:ABEV3: -0.40

Ambev's EPS (Diluted) for the three months ended in Mar. 2026 was R$0.24. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R$1.00.

Ambev's EPS (Basic) for the three months ended in Mar. 2026 was R$0.24. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was R$1.00.


Ambev  (BSP:ABEV3) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Ambev EPS without NRI Related Terms


Ambev EPS without NRI Historical Data

* Premium members only.

The historical data trend for Ambev's EPS without NRI 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.

Ambev EPS without NRI Chart

Ambev Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.94 1.09 0.98 0.93

Ambev Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI 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 0.27 0.18 0.30 0.33 0.28

BSP:ABEV3 vs BUD, STZ, TAP: EPS without NRI Comparison

For the Beverages - Brewers subindustry, Ambev's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Ambev's PE Ratio without NRI falls into.


BSP:ABEV3
82GF Score
Ambev SA BSP:ABEV3
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambev EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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 R$1.09

* 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 EPS without NRI →
What does a EPS without NRI of R$1.09 mean?
Ambev (BSP:ABEV3) has a EPS without NRI of R$1.09 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Ambev and its competitors. According to the industry distribution chart, Ambev ranks #99 out of 172 companies in the Beverages - Alcoholic industry, placing it in the top 57.6%.
Is Ambev's EPS without NRI too high?
Ambev's current EPS without NRI is R$1.09. Based on the distribution chart, Ambev ranks #99 out of 172 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Ambev has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's EPS without NRI compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Ambev ranks #99 out of 172 companies for EPS without NRI. This places Ambev in the lower half of its industry. The industry median EPS without NRI is 3.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Beverages - Alcoholic company?
The median EPS without NRI among Beverages - Alcoholic companies is 3.55, based on 172 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Ambev and its competitors. For the Beverages - Alcoholic industry, the median EPS without NRI is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambev's current EPS without NRI is R$1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambev stock overvalued right now?
Based on GuruFocus' analysis, Ambev (BSP:ABEV3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$14.15, compared to a current price of R$15.82 — trading 11.8% above its estimated fair value. The current EPS without NRI is R$1.09. Ambev'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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Ambev (BSP:ABEV3), the current EPS without NRI is R$1.09 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 Ambev (BSP:ABEV3) Overvalued in 2026?

Based on GuruFocus' analysis, Ambev stock appears to be overvalued. The current stock price of R$15.82 is trading 11.8% above its estimated GF Value™ of R$14.15. GuruFocus considers Ambev to be Modestly Overvalued.

Key valuation signals for BSP:ABEV3:

  • EPS without NRI: R$1.09
  • GF Value™: R$14.15 vs. price of R$15.82 (11.8% above fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the BSP:ABEV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ambev Business Description

Address Rua Doctor Renato Paes de Barros, 1017, 4th 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%.
82GF Score

Get the complete analysis for BSP:ABEV3

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$15.82
Price
R$14.15
GF Value