AmbevBUE:ABEV -0.75%76 Net Margin % is 16.77% as of Mar. 2026, which is 8% below its 10-year median of 18.17. GuruFocus rates BUE:ABEV with a GF Score™ of 76/100 and a GF Value™ of ARS12,483.15 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Ambev ranks better than 87.68% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Ambev's Net Income for the
three
months ended in Mar. 2026 was ARS1,007,525 Mil. Ambev's Revenue for the
three
months ended in Mar. 2026 was ARS6,006,358 Mil. Therefore, Ambev's net margin for the quarter that ended in Mar. 2026 was 16.77%.
The historical rank and industry rank for Ambev's Net Margin % or its related term are showing as below:
BUE:ABEV'
s Net Margin % Range Over the Past 10 Years
Min: 15.18 Med: 18.17 Max: 27.51
Current: 17.66
BUE:ABEV's Net Margin % is ranked better than 87.68% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 5.09
vs BUE:ABEV: 17.66
Ambev (BUE:ABEV) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Ambev Net Margin % Related Terms
Ambev Net Margin % Historical Data
* Premium members only.
The historical data trend for Ambev's Net Margin % 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, Ambev's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ambev's Net Margin % 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.
Ambev (BUE:ABEV) has a Net Margin % of 16.77% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Ambev and its competitors. This is near median its historical median of 18.17. Over the past decade, Ambev's Net Margin % has ranged from 15.18 to 27.51. According to the industry distribution chart, Ambev ranks #26 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 12.3%.
Is Ambev's Net Margin % too high?
Ambev's current Net Margin % of 16.77% is near median its 10-year median of 18.17. Over the past 10 years, this metric has ranged from a low of 15.18 to a high of 27.51. The Beverages - Alcoholic industry median Net Margin % is 5.09. Ambev's value of 16.77% is 229.5% above this industry median. Based on the distribution chart, Ambev ranks #26 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Ambev has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's Net Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Ambev ranks #26 out of 211 companies for Net Margin %. This places Ambev in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.09. Ambev's value of 16.77% is 229.5% above this benchmark. Historically, Ambev's own Net Margin % has ranged from 15.18 to 27.51 over the past decade. While the company's 10-year median is 18.17 vs. the industry median of 5.09, Ambev 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 Net Margin % for a Beverages - Alcoholic company?
The median Net Margin % among Beverages - Alcoholic companies is 5.09, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ambev's current Net Margin % of 16.77% is 229.5% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Ambev and its competitors. For the Beverages - Alcoholic industry, the median Net Margin % is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambev's current Net Margin % is 16.77%, which is near median its own 10-year median of 18.17. 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 (BUE:ABEV) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS12,483.15, compared to a current price of ARS14,490.00 — trading 16.1% above its estimated fair value. The current Net Margin % is 16.77%, which is near median its 10-year median of 18.17 and 229.5% above the Beverages - Alcoholic industry median of 5.09. Ambev's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Ambev (BUE:ABEV), the current Net Margin % is 16.77% 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 (BUE:ABEV) Overvalued in 2026?
Based on GuruFocus' analysis, Ambev stock appears to be overvalued.
The current stock price of ARS14,490.00 is trading 16.1% above its estimated GF Value™ of ARS12,483.15.
GuruFocus considers Ambev to be Modestly Overvalued.
Key valuation signals for BUE:ABEV:
Net Margin %: 16.77% (near median its 10-year median of 18.17)
GF Value™: ARS12,483.15 vs. price of ARS14,490.00 (16.1% above fair value)
Industry Position: 229.5% above the Beverages - Alcoholic median (#26 of 211)
No single metric tells the full story. See the BUE:ABEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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%.
76GF Score
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