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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Anheuser-Busch InBev/NV's Intrinsic Value: Projected FCF or its related term are showing as below:
BUDFF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.7 Med: 1 Max: 3.74
Current: 0.98
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Anheuser-Busch InBev/NV was 3.74. The lowest was 0.70. And the median was 1.00.
BUDFF's Price-to-Projected-FCF is ranked better than 50.32% of 157
companies
in the Beverages - Alcoholic industry
Industry Median: 1
vs BUDFF: 0.98
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Anheuser-Busch InBev/NV's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
79.28
/
78.547225690202
=
1.01
* 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.
Anheuser-Busch InBev/NV Intrinsic Value: Projected FCF Related Terms
Anheuser-Busch InBev/NV Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Anheuser-Busch InBev/NV's Intrinsic Value: Projected FCF 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.
BUDFF vs STZ, TAP: Intrinsic Value: Projected FCF Comparison
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
Anheuser-Busch InBev/NV Price-to-Projected-FCF vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $80.96 mean?
Anheuser-Busch InBev/NV (BUDFF) has a Intrinsic Value: Projected FCF of $80.96 as of Sep. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Anheuser-Busch InBev/NV and its competitors. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #78 out of 157 companies in the Beverages - Alcoholic industry, placing it in the top 49.7%.
Is Anheuser-Busch InBev/NV's Intrinsic Value: Projected FCF too high?
Anheuser-Busch InBev/NV's current Intrinsic Value: Projected FCF is $80.96. The Beverages - Alcoholic industry median Intrinsic Value: Projected FCF is 1.00. Anheuser-Busch InBev/NV's value of $80.96 is 7996% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #78 out of 157 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Anheuser-Busch InBev/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 Anheuser-Busch InBev/NV's Intrinsic Value: Projected FCF compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #78 out of 157 companies for Intrinsic Value: Projected FCF. This puts Anheuser-Busch InBev/NV in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.00. Anheuser-Busch InBev/NV's value of $80.96 is 7996% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Beverages - Alcoholic company?
The median Intrinsic Value: Projected FCF among Beverages - Alcoholic companies is 1.00, based on 157 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Intrinsic Value: Projected FCF of $80.96 is 7996% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Intrinsic Value: Projected FCF is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Intrinsic Value: Projected FCF is $80.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anheuser-Busch InBev/NV stock overvalued right now?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV (BUDFF) is currently considered Fairly Valued. The stock's GF Value™ is $74.99, compared to a current price of $79.28 — trading 5.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is $80.96 and 7996% above the Beverages - Alcoholic industry median of 1.00. Anheuser-Busch InBev/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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current Intrinsic Value: Projected FCF is $80.96 as of Sep. 15, 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 Anheuser-Busch InBev/NV (BUDFF) Overvalued in 2026?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued.
The current stock price of $79.28 is trading 5.7% above its estimated GF Value™ of $74.99.
GuruFocus considers Anheuser-Busch InBev/NV to be Fairly Valued.
Key valuation signals for BUDFF:
Intrinsic Value: Projected FCF: $80.96
GF Value™: $74.99 vs. price of $79.28 (5.7% above fair value)
Industry Position: 7996% above the Beverages - Alcoholic median (#78 of 157)
No single metric tells the full story. See the BUDFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and US-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev, an 87% stake in Budweiser APAC, and in 2016 acquired SABMiller.
81GF Score
Get the complete analysis for BUDFF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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