Anheuser-Busch InBev/NVXTER:1NBA +1.72%77 Operating Margin % is 26.69% as of Mar. 2026, which is 0% above its 10-year median of 26.64. GuruFocus rates XTER:1NBA with a GF Score™ of 77/100 and a GF Value™ of €56.70 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks better than 93.84% on this metric.
The historical rank and industry rank for Anheuser-Busch InBev/NV's Operating Margin % or its related term are showing as below:
XTER:1NBA'
s Operating Margin % Range Over the Past 10 Years
Min: 24.27 Med: 26.64 Max: 31.19
Current: 26.81
XTER:1NBA's Operating Margin % is ranked better than 93.84% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 7.82
vs XTER:1NBA: 26.81
Anheuser-Busch InBev/NV's 5-Year Average Operating Margin % Growth Rate was -0.60% per year.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Anheuser-Busch InBev/NV Operating Margin % Related Terms
Anheuser-Busch InBev/NV Operating Margin % Historical Data
* Premium members only.
The historical data trend for Anheuser-Busch InBev/NV's Operating 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.
XTER:1NBA vs STZ, TAP: Operating Margin % Comparison
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Operating Margin %, along with its competitors' market caps and Operating 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.
Anheuser-Busch InBev/NV Operating Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Anheuser-Busch InBev/NV's Operating Margin % for the fiscal year that ended in Dec. 2025 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.
Anheuser-Busch InBev/NV (XTER:1NBA) has a Operating Margin % of 26.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Anheuser-Busch InBev/NV and its competitors. This is near median its historical median of 26.64. Over the past decade, Anheuser-Busch InBev/NV's Operating Margin % has ranged from 24.27 to 31.19. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #13 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 6.2%.
Is Anheuser-Busch InBev/NV's Operating Margin % too high?
Anheuser-Busch InBev/NV's current Operating Margin % of 26.69% is near median its 10-year median of 26.64. Over the past 10 years, this metric has ranged from a low of 24.27 to a high of 31.19. The Beverages - Alcoholic industry median Operating Margin % is 7.82. Anheuser-Busch InBev/NV's value of 26.69% is 241.3% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #13 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Operating Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #13 out of 211 companies for Operating Margin %. This places Anheuser-Busch InBev/NV in the top 6% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 7.82. Anheuser-Busch InBev/NV's value of 26.69% is 241.3% above this benchmark. Historically, Anheuser-Busch InBev/NV's own Operating Margin % has ranged from 24.27 to 31.19 over the past decade. While the company's 10-year median is 26.64 vs. the industry median of 7.82, Anheuser-Busch InBev/NV 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 Operating Margin % for a Beverages - Alcoholic company?
The median Operating Margin % among Beverages - Alcoholic companies is 7.82, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Operating Margin % of 26.69% is 241.3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Operating Margin % is 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Operating Margin % is 26.69%, which is near median its own 10-year median of 26.64. 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 (XTER:1NBA) is currently considered Modestly Overvalued. The stock's GF Value™ is €56.70, compared to a current price of €72.18 — trading 27.3% above its estimated fair value. The current Operating Margin % is 26.69%, which is near median its 10-year median of 26.64 and 241.3% above the Beverages - Alcoholic industry median of 7.82. Anheuser-Busch InBev/NV's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (XTER:1NBA), the current Operating Margin % is 26.69% 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 Anheuser-Busch InBev/NV (XTER:1NBA) Overvalued in 2026?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued.
The current stock price of €72.18 is trading 27.3% above its estimated GF Value™ of €56.70.
GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.
Key valuation signals for XTER:1NBA:
Operating Margin %: 26.69% (near median its 10-year median of 26.64)
GF Value™: €56.70 vs. price of €72.18 (27.3% above fair value)
Industry Position: 241.3% above the Beverages - Alcoholic median (#13 of 211)
No single metric tells the full story. See the XTER:1NBA 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.
77GF Score
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