Anheuser-Busch InBev/NVBUDFF 81 Pretax Margin % is 24.65% as of Mar. 2026, which is 54% above its 10-year median of 16.03. GuruFocus rates BUDFF with a GF Score™ of 81/100 and a GF Value™ of $60.93 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks better than 82.94% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Anheuser-Busch InBev/NV Pretax Margin % Related Terms
Anheuser-Busch InBev/NV Pretax Margin % 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, Anheuser-Busch InBev/NV's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Pretax 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.
Anheuser-Busch InBev/NV (BUDFF) has a Pretax Margin % of 24.65% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 54% above median its historical median of 16.03. Over the past decade, Anheuser-Busch InBev/NV's Pretax Margin % has ranged from 4.43 to 24.41. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #36 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 17.1%.
Is Anheuser-Busch InBev/NV's Pretax Margin % too high?
Anheuser-Busch InBev/NV's current Pretax Margin % of 24.65% is 54% above median its 10-year median of 16.03. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 24.41. The Beverages - Alcoholic industry median Pretax Margin % is 6.09. Anheuser-Busch InBev/NV's value of 24.65% is 304.8% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #36 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 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Pretax Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #36 out of 211 companies for Pretax Margin %. This places Anheuser-Busch InBev/NV in the top 17% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 6.09. Anheuser-Busch InBev/NV's value of 24.65% is 304.8% above this benchmark. Historically, Anheuser-Busch InBev/NV's own Pretax Margin % has ranged from 4.43 to 24.41 over the past decade. While the company's 10-year median is 16.03 vs. the industry median of 6.09, 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 Pretax Margin % for a Beverages - Alcoholic company?
The median Pretax Margin % among Beverages - Alcoholic companies is 6.09, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Pretax Margin % of 24.65% is 304.8% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Pretax Margin % is 6.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Pretax Margin % is 24.65%, which is 54% above median its own 10-year median of 16.03. 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 Significantly Overvalued. The stock's GF Value™ is $60.93, compared to a current price of $79.94 — trading 31.2% above its estimated fair value. The current Pretax Margin % is 24.65%, which is 54% above median its 10-year median of 16.03 and 304.8% above the Beverages - Alcoholic industry median of 6.09. Anheuser-Busch InBev/NV's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current Pretax Margin % is 24.65% 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 (BUDFF) Overvalued in 2026?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued.
The current stock price of $79.94 is trading 31.2% above its estimated GF Value™ of $60.93.
GuruFocus considers Anheuser-Busch InBev/NV to be Significantly Overvalued.
Key valuation signals for BUDFF:
Pretax Margin %: 24.65% (54% above median its 10-year median of 16.03)
GF Value™: $60.93 vs. price of $79.94 (31.2% above fair value)
Industry Position: 304.8% above the Beverages - Alcoholic median (#36 of 211)
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
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