Anheuser-Busch InBev/NVBUDFF -1.20%82 Return-on-Tangible-Asset is 17.40% as of Mar. 2026, which is 84% above its 10-year median of 9.45. GuruFocus rates BUDFF with a GF Score™ of 82/100 and a GF Value™ of $65.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 213 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks better than 86.85% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Anheuser-Busch InBev/NV's annualizedNet Income for the quarter that ended in Mar. 2026 was $10,252 Mil. Anheuser-Busch InBev/NV's average total tangible assets for the quarter that ended in Mar. 2026 was $58,915 Mil. Therefore, Anheuser-Busch InBev/NV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.40%.
The historical rank and industry rank for Anheuser-Busch InBev/NV's Return-on-Tangible-Asset or its related term are showing as below:
BUDFF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.06 Med: 9.45 Max: 15.22
Current: 12.33
During the past 13 years, Anheuser-Busch InBev/NV's highest Return-on-Tangible-Asset was 15.22%. The lowest was 2.06%. And the median was 9.45%.
BUDFF's Return-on-Tangible-Asset is ranked better than 86.85% of 213
companies
in the Beverages - Alcoholic industry
Industry Median: 3.09
vs BUDFF: 12.33
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Anheuser-Busch InBev/NV Return-on-Tangible-Asset Related Terms
Anheuser-Busch InBev/NV Return-on-Tangible-Asset Historical Data
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The historical data trend for Anheuser-Busch InBev/NV's Return-on-Tangible-Asset 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.
BUDFF vs STZ, TAP, SAM: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 17.40% mean?
Anheuser-Busch InBev/NV (BUDFF) has a Return-on-Tangible-Asset of 17.40% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 84% above median its historical median of 9.45. Over the past decade, Anheuser-Busch InBev/NV's Return-on-Tangible-Asset has ranged from 2.06 to 15.22. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #28 out of 213 companies in the Beverages - Alcoholic industry, placing it in the top 13.1%.
Is Anheuser-Busch InBev/NV's Return-on-Tangible-Asset too high?
Anheuser-Busch InBev/NV's current Return-on-Tangible-Asset of 17.40% is 84% above median its 10-year median of 9.45. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 15.22. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.09. Anheuser-Busch InBev/NV's value of 17.40% is 463.1% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #28 out of 213 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 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Return-on-Tangible-Asset compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #28 out of 213 companies for Return-on-Tangible-Asset. This places Anheuser-Busch InBev/NV in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Anheuser-Busch InBev/NV's value of 17.40% is 463.1% above this benchmark. Historically, Anheuser-Busch InBev/NV's own Return-on-Tangible-Asset has ranged from 2.06 to 15.22 over the past decade. While the company's 10-year median is 9.45 vs. the industry median of 3.09, 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 Return-on-Tangible-Asset for a Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.09, based on 213 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Return-on-Tangible-Asset of 17.40% is 463.1% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Return-on-Tangible-Asset is 17.40%, which is 84% above median its own 10-year median of 9.45. 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 Modestly Overvalued. The stock's GF Value™ is $65.41, compared to a current price of $78.83 — trading 20.5% above its estimated fair value. The current Return-on-Tangible-Asset is 17.40%, which is 84% above median its 10-year median of 9.45 and 463.1% above the Beverages - Alcoholic industry median of 3.09. Anheuser-Busch InBev/NV's overall GF Score™ is 82/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current Return-on-Tangible-Asset is 17.40% 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 $78.83 is trading 20.5% above its estimated GF Value™ of $65.41.
GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.
Key valuation signals for BUDFF:
Return-on-Tangible-Asset: 17.40% (84% above median its 10-year median of 9.45)
GF Value™: $65.41 vs. price of $78.83 (20.5% above fair value)
Industry Position: 463.1% above the Beverages - Alcoholic median (#28 of 213)
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.
82GF Score
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