Anheuser-Busch InBev/NVBUDFF 81 ROE % is 11.75% as of Mar. 2026, which is 61% above its 10-year median of 7.28. GuruFocus rates BUDFF with a GF Score™ of 81/100 and a GF Value™ of $62.80 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 208 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks better than 57.69% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's ROE % distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Anheuser-Busch InBev/NV (BUDFF) has a ROE % of 11.75% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 61% above median its historical median of 7.28. Over the past decade, Anheuser-Busch InBev/NV's ROE % has ranged from 1.86 to 13.22. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #88 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 42.3%.
Is Anheuser-Busch InBev/NV's ROE % too high?
Anheuser-Busch InBev/NV's current ROE % of 11.75% is 61% above median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 13.22. The Beverages - Alcoholic industry median ROE % is 5.66. Anheuser-Busch InBev/NV's value of 11.75% is 107.8% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #88 out of 208 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's ROE % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #88 out of 208 companies for ROE %. This puts Anheuser-Busch InBev/NV in the upper half of its industry. The industry median ROE % is 5.66. Anheuser-Busch InBev/NV's value of 11.75% is 107.8% above this benchmark. Historically, Anheuser-Busch InBev/NV's own ROE % has ranged from 1.86 to 13.22 over the past decade. While the company's 10-year median is 7.28 vs. the industry median of 5.66, 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 ROE % for a Beverages - Alcoholic company?
The median ROE % among Beverages - Alcoholic companies is 5.66, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current ROE % of 11.75% is 107.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median ROE % is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current ROE % is 11.75%, which is 61% above median its own 10-year median of 7.28. 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 $62.80, compared to a current price of $79.94 — trading 27.3% above its estimated fair value. The current ROE % is 11.75%, which is 61% above median its 10-year median of 7.28 and 107.8% above the Beverages - Alcoholic industry median of 5.66. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUDFF), the current ROE % is 11.75% 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 27.3% above its estimated GF Value™ of $62.80.
GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.
Key valuation signals for BUDFF:
ROE %: 11.75% (61% above median its 10-year median of 7.28)
GF Value™: $62.80 vs. price of $79.94 (27.3% above fair value)
Industry Position: 107.8% above the Beverages - Alcoholic median (#88 of 208)
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
Get the complete analysis for BUDFF
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BUDFF has been successfully added to your 
