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Boston Beer CoSAM -1.75%68 Price-to-Tangible-Book is 2.95 as of Sep. 07, 2026. GuruFocus rates SAM with a GF Score™ of 68/100 and a GF Value™ of $262.54 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 182 Beverages - Alcoholic companies, Boston Beer Co ranks worse than 67.58% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Boston Beer Co Price-to-Tangible-Book Related Terms
Boston Beer Co Price-to-Tangible-Book Historical Data
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The historical data trend for Boston Beer Co's Price-to-Tangible-Book 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.
SAM vs TAP, STZ: Price-to-Tangible-Book Comparison
For the Beverages - Brewers subindustry, Boston Beer Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Boston Beer Co's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Boston Beer Co (SAM) has a Price-to-Tangible-Book of 2.95 as of Sep. 07, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Boston Beer Co and its competitors. According to the industry distribution chart, Boston Beer Co ranks #123 out of 182 companies in the Beverages - Alcoholic industry, placing it in the top 67.6%.
Is Boston Beer Co's Price-to-Tangible-Book too high?
Boston Beer Co's current Price-to-Tangible-Book is 2.95. The Beverages - Alcoholic industry median Price-to-Tangible-Book is 1.99. Boston Beer Co's value of 2.95 is 48.2% above this industry median. Based on the distribution chart, Boston Beer Co ranks #123 out of 182 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Boston Beer Co has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's Price-to-Tangible-Book compare to TAP and STZ?
According to the Beverages - Alcoholic industry distribution chart, Boston Beer Co ranks #123 out of 182 companies for Price-to-Tangible-Book. This places Boston Beer Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.99. Boston Beer Co's value of 2.95 is 48.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Beverages - Alcoholic company?
The median Price-to-Tangible-Book among Beverages - Alcoholic companies is 1.99, based on 182 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boston Beer Co's current Price-to-Tangible-Book of 2.95 is 48.2% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Boston Beer Co and its competitors. For the Beverages - Alcoholic industry, the median Price-to-Tangible-Book is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Beer Co's current Price-to-Tangible-Book is 2.95. 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 $262.54, compared to a current price of $168.78 — trading 35.7% below its estimated fair value. The current Price-to-Tangible-Book is 2.95 and 48.2% above the Beverages - Alcoholic industry median of 1.99. Boston Beer Co's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Boston Beer Co (SAM), the current Price-to-Tangible-Book is 2.95 as of Sep. 07, 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 $168.78 is trading 35.7% below its estimated GF Value™ of $262.54.
GuruFocus considers Boston Beer Co to be Significantly Undervalued.
Key valuation signals for SAM:
Price-to-Tangible-Book: 2.95
GF Value™: $262.54 vs. price of $168.78 (35.7% below fair value)
Industry Position: 48.2% above the Beverages - Alcoholic median (#123 of 182)
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.
68GF Score
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