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Budweiser Brewing Co APACHKSE:01876 +1.52%85 Piotroski F-Score is 6 as of Sep. 21, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates HKSE:01876 with a GF Score™ of 85/100 and a GF Value™ of HK$7.85 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 206 Beverages - Alcoholic companies, Budweiser Brewing Co APAC ranks better than 74.76% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Budweiser Brewing Co APAC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Budweiser Brewing Co APAC's Piotroski F-Score or its related term are showing as below:
HKSE:01876'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 6
During the past 9 years, the highest Piotroski F-Score of Budweiser Brewing Co APAC was 8. The lowest was 1. And the median was 4.
Budweiser Brewing Co APAC (HKSE:01876) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Budweiser Brewing Co APAC Piotroski F-Score Related Terms
Budweiser Brewing Co APAC Piotroski F-Score Historical Data
* 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.
HKSE:01876 vs STZ, TAP: Piotroski F-Score Comparison
For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.
Budweiser Brewing Co APAC Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Budweiser Brewing Co APAC's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Budweiser Brewing Co APAC's current Net Income (TTM) was 3,516.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Budweiser Brewing Co APAC's current Cash Flow from Operations (TTM) was 7,414.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Budweiser Brewing Co APAC's return on assets of this year was 0.0306287. Budweiser Brewing Co APAC's return on assets of last year was 0.04278074.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Budweiser Brewing Co APAC's gearing of this year was 0.00406484. Budweiser Brewing Co APAC's gearing of last year was 0.00437343.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Budweiser Brewing Co APAC's current ratio of this year was 0.99426635. Budweiser Brewing Co APAC's current ratio of last year was 0.97431986.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Budweiser Brewing Co APAC's number of shares in issue this year was 0. Budweiser Brewing Co APAC's number of shares in issue last year was 0.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Budweiser Brewing Co APAC's gross margin of this year was 0.47553782. Budweiser Brewing Co APAC's gross margin of last year was 0.47918668.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Budweiser Brewing Co APAC's asset turnover of this year was 0.39144968. Budweiser Brewing Co APAC's asset turnover of last year was 0.38447268.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Budweiser Brewing Co APAC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Budweiser Brewing Co APAC (HKSE:01876) has a Piotroski F-Score of 6 as of Sep. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Budweiser Brewing Co APAC and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Budweiser Brewing Co APAC's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Budweiser Brewing Co APAC ranks #52 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 25.2%.
Is Budweiser Brewing Co APAC's Piotroski F-Score too high?
Budweiser Brewing Co APAC's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. Budweiser Brewing Co APAC's value of 6 is 20% above this industry median. Based on the distribution chart, Budweiser Brewing Co APAC ranks #52 out of 206 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Budweiser Brewing Co APAC has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Budweiser Brewing Co APAC's Piotroski F-Score compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Budweiser Brewing Co APAC ranks #52 out of 206 companies for Piotroski F-Score. This puts Budweiser Brewing Co APAC in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Budweiser Brewing Co APAC's value of 6 is 20% above this benchmark. Historically, Budweiser Brewing Co APAC's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Budweiser Brewing Co APAC has consistently been above 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 Piotroski F-Score for a Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 206 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Budweiser Brewing Co APAC's current Piotroski F-Score of 6 is 20% above 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Budweiser Brewing Co APAC and its competitors. For the Beverages - Alcoholic industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budweiser Brewing Co APAC's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budweiser Brewing Co APAC stock overvalued right now?
Based on GuruFocus' analysis, Budweiser Brewing Co APAC (HKSE:01876) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$7.85, compared to a current price of HK$6.02 — trading 23.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Beverages - Alcoholic industry median of 5.00. Budweiser Brewing Co APAC's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Budweiser Brewing Co APAC (HKSE:01876), the current Piotroski F-Score is 6 as of Sep. 21, 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 Budweiser Brewing Co APAC (HKSE:01876) Overvalued in 2026?
Based on GuruFocus' analysis, Budweiser Brewing Co APAC stock appears to be undervalued.
The current stock price of HK$6.02 is trading 23.4% below its estimated GF Value™ of HK$7.85.
GuruFocus considers Budweiser Brewing Co APAC to be Modestly Undervalued.
Key valuation signals for HKSE:01876:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: HK$7.85 vs. price of HK$6.02 (23.4% below fair value)
Industry Position: 20% above the Beverages - Alcoholic median (#52 of 206)
No single metric tells the full story. See the HKSE:01876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Budweiser APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent Anheuser-Busch InBev owns close to 90% of the company's equity. Budweiser APAC's largest markets are China (roughly 75% of 2024 revenue), South Korea (20%), and India. The remaining comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
85GF Score
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