Ambev (BUE:ABEV) ROCE %: 22.18% (As of Mar. 2026)


BUE:ABEV Ambev SA BUE:ABEV
76 GF Score
Price ARS14,490.00
GF Value ARS12,483.15
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ambev ROCE %?

Ambev BUE:ABEV -0.75% 76 ROCE % is 22.18% as of Mar. 2026. GuruFocus rates BUE:ABEV with a GF Score™ of 76/100 and a GF Value™ of ARS12,483.15 (Modestly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ambev's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.18%.

Ambev  (BUE:ABEV) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ambev ROCE % Related Terms

Ambev ROCE % Historical Data

* Premium members only.

The historical data trend for Ambev's ROCE % 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.

Ambev ROCE % Chart

Ambev Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.24 22.37 26.66 28.44 26.07

Ambev Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.82 16.06 24.57 27.30 22.18
BUE:ABEV
76GF Score
Ambev SA BUE:ABEV
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambev ROCE % Calculation

Ambev's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5890985.141/( ( (26902701.688 - 8176215.702) + (38600447.076 - 12131666.379) )/ 2 )
=5890985.141/( (18726485.986+26468780.697)/ 2 )
=5890985.141/22597633.3415
=26.07 %

Ambev's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=5932596.604/( ( (38600447.076 - 12131666.379) + (38170175.449 - 11139826.816) )/ 2 )
=5932596.604/( ( 26468780.697 + 27030348.633 )/ 2 )
=5932596.604/26749564.665
=22.18 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 22.18% mean?
Ambev (BUE:ABEV) has a ROCE % of 22.18% as of Mar. 2026.
Is Ambev's ROCE % too high?
Ambev's current ROCE % is 22.18%. The Beverages - Alcoholic industry median ROCE % is 7.68. Ambev's value of 22.18% is 189% above this industry median. Overall, Ambev has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's ROCE % compare to STZ and TAP?
Ambev's ROCE % of 22.18% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROCE % is 7.68. Ambev's value of 22.18% is 189% 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 ROCE % for a Beverages - Alcoholic company?
The median ROCE % among Beverages - Alcoholic companies is 7.68, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ambev's current ROCE % of 22.18% is 189% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Alcoholic industry, the median ROCE % is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambev's current ROCE % is 22.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambev stock overvalued right now?
Based on GuruFocus' analysis, Ambev (BUE:ABEV) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS12,483.15, compared to a current price of ARS14,490.00 — trading 16.1% above its estimated fair value. The current ROCE % is 22.18% and 189% above the Beverages - Alcoholic industry median of 7.68. Ambev's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ambev (BUE:ABEV), the current ROCE % is 22.18% 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 Ambev (BUE:ABEV) Overvalued in 2026?

Based on GuruFocus' analysis, Ambev stock appears to be overvalued. The current stock price of ARS14,490.00 is trading 16.1% above its estimated GF Value™ of ARS12,483.15. GuruFocus considers Ambev to be Modestly Overvalued.

Key valuation signals for BUE:ABEV:

  • ROCE %: 22.18%
  • GF Value™: ARS12,483.15 vs. price of ARS14,490.00 (16.1% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 189% above the Beverages - Alcoholic median

No single metric tells the full story. See the BUE:ABEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ambev Business Description

Address Rua Doctor Renato Paes de Barros, 1017, 4th Floor, Sao Paulo, SP, BRA, 04530-001
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving AB InBev a controlling interest of 62%.
76GF Score

Get the complete analysis for BUE:ABEV

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS14,490.00
Price
ARS12,483.15
GF Value