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Anheuser-Busch InBev/NVBUD +0.16%80 Shiller PE Ratio is 22.70 as of Sep. 06, 2026, which is 29% above its 10-year median of 17.63. GuruFocus rates BUD with a GF Score™ of 80/100 and a GF Value™ of $68.36 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 127 Beverages - Alcoholic companies, Anheuser-Busch InBev/NV ranks worse than 70.87% on this metric.
The historical rank and industry rank for Anheuser-Busch InBev/NV's Shiller PE Ratio or its related term are showing as below:
BUD'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 10 Med: 17.63 Max: 26.8
Current: 22.7
During the past years, Anheuser-Busch InBev/NV's highest Shiller PE Ratio was 26.80. The lowest was 10.00. And the median was 17.63.
BUD's Shiller PE Ratio is ranked worse than 70.87% of 127
companies
in the Beverages - Alcoholic industry
Industry Median: 16.38
vs BUD: 22.70
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Anheuser-Busch InBev/NV's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.54 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Anheuser-Busch InBev/NV (NYSE:BUD) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Anheuser-Busch InBev/NV Shiller PE Ratio Related Terms
Anheuser-Busch InBev/NV Shiller PE Ratio Historical 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.
For the Beverages - Brewers subindustry, Anheuser-Busch InBev/NV's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Anheuser-Busch InBev/NV's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Anheuser-Busch InBev/NV's Shiller PE Ratio falls into.
Anheuser-Busch InBev/NV Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Anheuser-Busch InBev/NV (BUD) has a Shiller PE Ratio of 22.70 as of Sep. 06, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors. This is 29% above median its historical median of 17.63. Over the past decade, Anheuser-Busch InBev/NV's Shiller PE Ratio has ranged from 10.00 to 26.80. According to the industry distribution chart, Anheuser-Busch InBev/NV ranks #90 out of 127 companies in the Beverages - Alcoholic industry, placing it in the top 70.9%.
Is Anheuser-Busch InBev/NV's Shiller PE Ratio too high?
Anheuser-Busch InBev/NV's current Shiller PE Ratio of 22.70 is 29% above median its 10-year median of 17.63. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 26.80. The Beverages - Alcoholic industry median Shiller PE Ratio is 16.38. Anheuser-Busch InBev/NV's value of 22.70 is 38.6% above this industry median. Based on the distribution chart, Anheuser-Busch InBev/NV ranks #90 out of 127 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Anheuser-Busch InBev/NV has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anheuser-Busch InBev/NV's Shiller PE Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Anheuser-Busch InBev/NV ranks #90 out of 127 companies for Shiller PE Ratio. This places Anheuser-Busch InBev/NV in the lower half of its industry. The industry median Shiller PE Ratio is 16.38. Anheuser-Busch InBev/NV's value of 22.70 is 38.6% above this benchmark. Historically, Anheuser-Busch InBev/NV's own Shiller PE Ratio has ranged from 10.00 to 26.80 over the past decade. While the company's 10-year median is 17.63 vs. the industry median of 16.38, 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 Shiller PE Ratio for a Beverages - Alcoholic company?
The median Shiller PE Ratio among Beverages - Alcoholic companies is 16.38, based on 127 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anheuser-Busch InBev/NV's current Shiller PE Ratio of 22.70 is 38.6% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Anheuser-Busch InBev/NV and its competitors. For the Beverages - Alcoholic industry, the median Shiller PE Ratio is 16.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anheuser-Busch InBev/NV's current Shiller PE Ratio is 22.70, which is 29% above median its own 10-year median of 17.63. 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 (BUD) is currently considered Modestly Overvalued. The stock's GF Value™ is $68.36, compared to a current price of $80.35 — trading 17.5% above its estimated fair value. The current Shiller PE Ratio is 22.70, which is 29% above median its 10-year median of 17.63 and 38.6% above the Beverages - Alcoholic industry median of 16.38. Anheuser-Busch InBev/NV's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Anheuser-Busch InBev/NV (BUD), the current Shiller PE Ratio is 22.70 as of Sep. 06, 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 (BUD) Overvalued in 2026?
Based on GuruFocus' analysis, Anheuser-Busch InBev/NV stock appears to be overvalued.
The current stock price of $80.35 is trading 17.5% above its estimated GF Value™ of $68.36.
GuruFocus considers Anheuser-Busch InBev/NV to be Modestly Overvalued.
Key valuation signals for BUD:
Shiller PE Ratio: 22.70 (29% above median its 10-year median of 17.63)
GF Value™: $68.36 vs. price of $80.35 (17.5% above fair value)
Industry Position: 38.6% above the Beverages - Alcoholic median (#90 of 127)
No single metric tells the full story. See the BUD 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.
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