Boston Beer CoSAM -1.44%70 PB Ratio is 2.75 as of Jun. 25, 2026, which is 40% below its 10-year median of 4.59. GuruFocus rates SAM with a GF Score™ of 70/100 and a GF Value™ of $306.37 (Significantly Undervalued). Among 205 Beverages - Alcoholic companies, Boston Beer Co ranks worse than 74.15% on this metric.
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. As of today (2026-06-25), Boston Beer Co's share price is $180.21. Boston Beer Co's Book Value per Share for the quarter that ended in Mar. 2026 was $65.57. Hence, Boston Beer Co's PB Ratio of today is 2.75.
The historical rank and industry rank for Boston Beer Co's PB Ratio or its related term are showing as below:
SAM'
s PB Ratio Range Over the Past 10 Years
Min: 2.29 Med: 4.59 Max: 15.4
Current: 2.75
During the past 13 years, Boston Beer Co's highest PB Ratio was 15.40. The lowest was 2.29. And the median was 4.59.
SAM's PB Ratio is ranked worse than 74.15% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.69
vs SAM: 2.75
During the past 12 months, Boston Beer Co's average Book Value Per Share Growth Rate was -18.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Boston Beer Co was 32.30% per year. The lowest was -2.40% per year. And the median was 12.70% per year.
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.
Boston Beer Co PB Ratio Related Terms
Boston Beer Co PB Ratio Historical Data
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The historical data trend for Boston Beer Co's PB Ratio 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, Boston Beer Co'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.
Boston Beer Co PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Boston Beer Co's PB Ratio falls into.
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.
Boston Beer Co's PB Ratio for today is calculated as follows:
* 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.
Boston Beer Co (SAM) has a PB Ratio of 2.75 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Boston Beer Co and its competitors. This is 40% below median its historical median of 4.59. Over the past decade, Boston Beer Co's PB Ratio has ranged from 2.29 to 15.40. According to the industry distribution chart, Boston Beer Co ranks #152 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 74.1%.
Is Boston Beer Co's PB Ratio too high?
Boston Beer Co's current PB Ratio of 2.75 is 40% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 15.40. The Beverages - Alcoholic industry median PB Ratio is 1.69. Boston Beer Co's value of 2.75 is 62.7% above this industry median. Based on the distribution chart, Boston Beer Co ranks #152 out of 205 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Boston Beer Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's PB Ratio compare to TAP and STZ?
According to the Beverages - Alcoholic industry distribution chart, Boston Beer Co ranks #152 out of 205 companies for PB Ratio. This places Boston Beer Co in the lower half of its industry. The industry median PB Ratio is 1.69. Boston Beer Co's value of 2.75 is 62.7% above this benchmark. Historically, Boston Beer Co's own PB Ratio has ranged from 2.29 to 15.40 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 1.69, Boston Beer Co 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 1.69, 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. Boston Beer Co's current PB Ratio of 2.75 is 62.7% 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 Boston Beer Co and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Beer Co's current PB Ratio is 2.75, which is 40% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Beer Co stock overvalued right now?
Based on GuruFocus' analysis, Boston Beer Co (SAM) is currently considered Significantly Undervalued. The stock's GF Value™ is $306.37, compared to a current price of $180.21 — trading 41.2% below its estimated fair value. The current PB Ratio is 2.75, which is 40% below median its 10-year median of 4.59 and 62.7% above the Beverages - Alcoholic industry median of 1.69. Boston Beer Co's overall GF Score™ is 70/100. 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 Boston Beer Co (SAM), the current PB Ratio is 2.75 as of Jun. 25, 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 Boston Beer Co (SAM) Overvalued in 2026?
Based on GuruFocus' analysis, Boston Beer Co stock appears to be undervalued.
The current stock price of $180.21 is trading 41.2% below its estimated GF Value™ of $306.37.
GuruFocus considers Boston Beer Co to be Significantly Undervalued.
Key valuation signals for SAM:
PB Ratio: 2.75 (40% below median its 10-year median of 4.59)
GF Value™: $306.37 vs. price of $180.21 (41.2% below fair value)
Industry Position: 62.7% above the Beverages - Alcoholic median (#152 of 205)
No single metric tells the full story. See the SAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
70GF Score
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