Anheuser-Busch InBev/NVBUDFF +0.58%82 ROC (Joel Greenblatt) % is 77.63% as of Mar. 2026, which is 51% above its 10-year median of 51.31. GuruFocus rates BUDFF with a GF Score™ of 82/100 and a GF Value™ of $64.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks better than 88.68% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Anheuser-Busch InBev/NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 77.63%.
The historical rank and industry rank for Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % or its related term are showing as below:
BUDFF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 23.43 Med: 51.31 Max: 64.42
Current: 63.62
During the past 13 years, Anheuser-Busch InBev/NV's highest ROC (Joel Greenblatt) % was 64.42%. The lowest was 23.43%. And the median was 51.31%.
BUDFF's ROC (Joel Greenblatt) % is ranked better than 88.68% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 11.825
vs BUDFF: 63.62
Anheuser-Busch InBev/NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 16.20% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Anheuser-Busch InBev/NV ROC (Joel Greenblatt) % Related Terms
Anheuser-Busch InBev/NV ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 77.63% mean?
Anheuser-Busch InBev/NV (BUDFF) has a ROC (Joel Greenblatt) % of 77.63% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 51% above median its historical median of 51.31. Over the past decade, Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % has ranged from 23.43 to 64.42. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #24 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 11.3%.
Is Anheuser-Busch InBev/NV's ROC (Joel Greenblatt) % too high?
Anheuser-Busch InBev/NV's current ROC (Joel Greenblatt) % of 77.63% is 51% above median its 10-year median of 51.31. Over the past 10 years, this metric has ranged from a low of 23.43 to a high of 64.42. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 11.83. Anheuser-Busch InBev/NV's value of 77.63% is 556.5% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #24 out of 212 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 ROC (Joel Greenblatt) % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #24 out of 212 companies for ROC (Joel Greenblatt) %. This places Anheuser-Busch InBev/NV in the top 11% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.83. Anheuser-Busch InBev/NV's value of 77.63% is 556.5% above this benchmark. Historically, Anheuser-Busch InBev/NV's own ROC (Joel Greenblatt) % has ranged from 23.43 to 64.42 over the past decade. While the company's 10-year median is 51.31 vs. the industry median of 11.83, 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 ROC (Joel Greenblatt) % for a Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 11.83, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current ROC (Joel Greenblatt) % of 77.63% is 556.5% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 11.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current ROC (Joel Greenblatt) % is 77.63%, which is 51% above median its own 10-year median of 51.31. 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 $64.41, compared to a current price of $81.74 — trading 26.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 77.63%, which is 51% above median its 10-year median of 51.31 and 556.5% above the Beverages - Alcoholic industry median of 11.83. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current ROC (Joel Greenblatt) % is 77.63% 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 $81.74 is trading 26.9% above its estimated GF Value™ of $64.41.
GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.
Key valuation signals for BUDFF:
ROC (Joel Greenblatt) %: 77.63% (51% above median its 10-year median of 51.31)
GF Value™: $64.41 vs. price of $81.74 (26.9% above fair value)
Industry Position: 556.5% above the Beverages - Alcoholic median (#24 of 212)
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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