FMX'
s PB Ratio Range Over the Past 10 Years
Min: 1.66 Med: 2.48 Max: 3.79
Current: 3.74
During the past 13 years, Fomento Economico MexicanoB de CV's highest PB Ratio was 3.79. The lowest was 1.66. And the median was 2.48.
FMX's PB Ratio is ranked worse than 83.41% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.66
vs FMX: 3.74
During the past 12 months, Fomento Economico MexicanoB de CV's average Book Value Per Share Growth Rate was -31.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fomento Economico MexicanoB de CV was 142.90% per year. The lowest was -41.60% per year. And the median was 5.70% per year.
Back to Basics: PB Ratio
Fomento Economico MexicanoB de CV (NYSE:FMX) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Fomento Economico MexicanoB de CV PB Ratio Related Terms
Fomento Economico MexicanoB de CV PB Ratio 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.
For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Fomento Economico MexicanoB de CV PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fomento Economico MexicanoB de CV's PB Ratio falls into.
Fomento Economico MexicanoB de CV PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Fomento Economico MexicanoB de CV (FMX) has a PB Ratio of 3.78 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fomento Economico MexicanoB de CV and its competitors. This is 52% above median its historical median of 2.48. Over the past decade, Fomento Economico MexicanoB de CV's PB Ratio has ranged from 1.66 to 3.79. According to the industry distribution chart, Fomento Economico MexicanoB de CV ranks #171 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 83.4%.
Is Fomento Economico MexicanoB de CV's PB Ratio too high?
Fomento Economico MexicanoB de CV's current PB Ratio of 3.78 is 52% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 3.79. The Beverages - Alcoholic industry median PB Ratio is 1.66. Fomento Economico MexicanoB de CV's value of 3.78 is 127.7% above this industry median. Based on the distribution chart, Fomento Economico MexicanoB de CV ranks #171 out of 205 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Fomento Economico MexicanoB de CV has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fomento Economico MexicanoB de CV's PB Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Fomento Economico MexicanoB de CV ranks #171 out of 205 companies for PB Ratio. This places Fomento Economico MexicanoB de CV in the lower half of its industry. The industry median PB Ratio is 1.66. Fomento Economico MexicanoB de CV's value of 3.78 is 127.7% above this benchmark. Historically, Fomento Economico MexicanoB de CV's own PB Ratio has ranged from 1.66 to 3.79 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 1.66, Fomento Economico MexicanoB de CV 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 PB Ratio for a Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.66, based on 205 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fomento Economico MexicanoB de CV's current PB Ratio of 3.78 is 127.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fomento Economico MexicanoB de CV and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomento Economico MexicanoB de CV's current PB Ratio is 3.78, which is 52% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento Economico MexicanoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV (FMX) is currently considered Fairly Valued. The stock's GF Value™ is $131.46, compared to a current price of $129.30 — trading 1.6% below its estimated fair value. The current PB Ratio is 3.78, which is 52% above median its 10-year median of 2.48 and 127.7% above the Beverages - Alcoholic industry median of 1.66. Fomento Economico MexicanoB de CV's overall GF Score™ is 95/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Fomento Economico MexicanoB de CV (FMX), the current PB Ratio is 3.78 as of Jul. 02, 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 Fomento Economico MexicanoB de CV (FMX) Overvalued in 2026?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued.
The current stock price of $129.30 is trading 1.6% below its estimated GF Value™ of $131.46.
GuruFocus considers Fomento Economico MexicanoB de CV to be Fairly Valued.
Key valuation signals for FMX:
PB Ratio: 3.78 (52% above median its 10-year median of 2.48)
GF Value™: $131.46 vs. price of $129.30 (1.6% below fair value)
Industry Position: 127.7% above the Beverages - Alcoholic median (#171 of 205)
No single metric tells the full story. See the FMX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fomento Economico MexicanoB de CV Business Description
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
95GF Score
Get the complete analysis for FMX
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FMX has been successfully added to your 
