Ambev (MEX:ABEV N) Total Operating Expense: MXN76,824 Mil (TTM As of Mar. 2026)


MEX:ABEV N Ambev SA MEX:ABEV N
79 GF Score
Price MXN56.00
GF Value MXN45.79
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Ambev Total Operating Expense?

Ambev MEX:ABEV N 79 Total Operating Expense is MXN76,824 Mil as of Mar. 2026. GuruFocus rates MEX:ABEV N with a GF Score™ of 79/100 and a GF Value™ of MXN45.79 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Ambev's Total Operating Expense for the three months ended in Mar. 2026 was MXN19,705 Mil. Ambev's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN76,824 Mil.

Ambev Total Operating Expense Related Terms

Ambev Total Operating Expense Historical Data

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The historical data trend for Ambev's Total Operating Expense 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 Total Operating Expense Chart

Ambev Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72,568.24 81,338.02 75,079.82 83,172.57 76,092.13

Ambev Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 21,039.96 19,765.63 18,663.99 18,689.38 19,705.13
MEX:ABEV N
79GF Score
Ambev SA MEX:ABEV N
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambev Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN76,824 Mil.

* 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 Total Operating Expense of MXN76,824 Mil mean?
Ambev (MEX:ABEV N) has a Total Operating Expense of MXN76,824 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ambev and its competitors.
Is Ambev's Total Operating Expense too high?
Ambev's current Total Operating Expense is MXN76,824 Mil. Overall, Ambev has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's Total Operating Expense compare to BUD and STZ?
Ambev's Total Operating Expense of MXN76,824 Mil 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 Total Operating Expense for a Beverages - Alcoholic company?
A good Total Operating Expense depends on the Beverages - Alcoholic industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Ambev and its competitors. Ambev's current Total Operating Expense is MXN76,824 Mil. 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 (MEX:ABEV N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN45.79, compared to a current price of MXN56.00 — trading 22.3% above its estimated fair value. The current Total Operating Expense is MXN76,824 Mil. Ambev's overall GF Score™ is 79/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Ambev (MEX:ABEV N), the current Total Operating Expense is MXN76,824 Mil 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 (MEX:ABEV N) Overvalued in 2026?

Based on GuruFocus' analysis, Ambev stock appears to be overvalued. The current stock price of MXN56.00 is trading 22.3% above its estimated GF Value™ of MXN45.79. GuruFocus considers Ambev to be Modestly Overvalued.

Key valuation signals for MEX:ABEV N:

  • Total Operating Expense: MXN76,824 Mil
  • GF Value™: MXN45.79 vs. price of MXN56.00 (22.3% above fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the MEX:ABEV N 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%.
79GF Score

Get the complete analysis for MEX:ABEV N

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

MXN56.00
Price
MXN45.79
GF Value