Ambev (BSP:ABEV3) Tax Rate %: 21.21% (As of Mar. 2026)

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BSP:ABEV3 Ambev SA BSP:ABEV3
81 GF Score
Price R$15.80
GF Value R$14.17
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ambev Tax Rate %?

Ambev BSP:ABEV3 +0.06% 81 Tax Rate % is 21.21% as of Mar. 2026. GuruFocus rates BSP:ABEV3 with a GF Score™ of 81/100 and a GF Value™ of R$14.17 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ambev's Tax Expense for the three months ended in Mar. 2026 was R$1,046 Mil. Ambev's Pre-Tax Income for the three months ended in Mar. 2026 was R$4,931 Mil. Therefore, Ambev's Tax Rate % for the quarter that ended in Mar. 2026 was 21.21%.

Ambev Tax Rate % Related Terms

Ambev Tax Rate % Historical Data

* Premium members only.

The historical data trend for Ambev's Tax Rate % 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 Tax Rate % Chart

Ambev Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 -4.61 0.50 23.81 17.68

Ambev Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % 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 21.66 18.40 6.72 23.64 21.21
BSP:ABEV3
81GF Score
Ambev SA BSP:ABEV3
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambev Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Ambev's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=3433.3/19421.7
=17.68 %

Ambev's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1045.914/4931.481
=21.21 %

* 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 Tax Rate % →
What does a Tax Rate % of 21.21% mean?
Ambev (BSP:ABEV3) has a Tax Rate % of 21.21% as of Mar. 2026.
Is Ambev's Tax Rate % too high?
Ambev's current Tax Rate % is 21.21%. Overall, Ambev has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's Tax Rate % compare to BUD and STZ?
Ambev's Tax Rate % of 21.21% can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Beverages - Alcoholic company?
A good Tax Rate % depends on the Beverages - Alcoholic industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Ambev's current Tax Rate % is 21.21%. 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 (BSP:ABEV3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$14.17, compared to a current price of R$15.80 — trading 11.5% above its estimated fair value. The current Tax Rate % is 21.21%. Ambev's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Ambev (BSP:ABEV3), the current Tax Rate % is 21.21% 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 (BSP:ABEV3) Overvalued in 2026?

Based on GuruFocus' analysis, Ambev stock appears to be overvalued. The current stock price of R$15.80 is trading 11.5% above its estimated GF Value™ of R$14.17. GuruFocus considers Ambev to be Modestly Overvalued.

Key valuation signals for BSP:ABEV3:

  • Tax Rate %: 21.21%
  • GF Value™: R$14.17 vs. price of R$15.80 (11.5% above fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the BSP:ABEV3 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%.
81GF Score

Get the complete analysis for BSP:ABEV3

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

R$15.80
Price
R$14.17
GF Value