Last 48 quarters of trend data · Consumer Defensive · Beer, Wine & Spirits
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.07 | 2.70 | 3.57 | 3.04 | 2.21 | 1.86 | 3.54 | 2.53 | 1.49 | 2.77 | 3.42 | 2.70 | 2.50 | 3.23 | 4.97 | 3.07 | 2.19 | 3.54 | 3.30 | 3.67 | 2.92 |
| — | +45.5% | +0.7% | +20.1% | +47.8% | -33.0% | +3.7% | -6.0% | -40.3% | -14.0% | -31.2% | -12.1% | +14.0% | -8.8% | +50.4% | -16.5% | -24.8% | +12.8% | -30.9% | -8.9% | +63.9% | |
| P/S Ratio | 2.69 | 0.52 | 0.61 | 0.51 | 0.39 | 0.42 | 0.47 | 0.41 | 0.27 | 0.44 | 0.40 | 0.48 | 0.55 | 0.50 | 0.67 | 0.54 | 0.47 | 0.54 | 0.55 | 0.69 | 0.50 |
| — | +24.8% | +28.6% | +25.0% | +44.1% | -4.0% | +16.8% | -15.9% | -51.2% | -13.2% | -39.4% | -11.0% | +16.8% | -7.7% | +20.5% | -21.6% | -5.9% | -7.9% | -36.3% | +6.2% | -22.9% | |
| P/B Ratio | 2.71 | 0.49 | 0.55 | 0.50 | 0.44 | 0.38 | 0.41 | 0.38 | 0.29 | 0.39 | 0.34 | 0.45 | 0.55 | 0.45 | 0.58 | 0.52 | 0.52 | 0.49 | 0.45 | 0.64 | 0.53 |
| — | +31.1% | +35.3% | +31.2% | +48.3% | -3.4% | +20.6% | -14.6% | -46.9% | -12.6% | -42.2% | -13.1% | +7.0% | -8.9% | +28.4% | -19.0% | -2.2% | -1.3% | -33.3% | +22.8% | -18.2% | |
| P/FCF | 9.69 | 1.73 | 3.19 | 4.25 | 0.83 | 1.49 | 4.83 | 24.39 | 0.59 | 1.39 | 3.48 | — | 0.95 | 1.54 | 5.94 | — | 1.10 | 2.64 | 22.15 | — | 1.26 |
| — | +16.1% | -34.0% | -82.6% | +41.0% | +6.7% | +39.0% | — | -37.8% | -9.5% | -41.5% | — | -13.9% | -41.6% | -73.2% | — | -12.8% | +13.2% | -62.0% | — | -27.1% | |
| EV / EBITDA | 7.49 | 1.00 | 1.40 | 1.03 | 0.69 | 0.62 | 1.01 | 0.70 | 0.11 | 0.79 | 0.94 | 1.16 | 1.12 | 1.03 | 2.06 | 1.42 | 1.13 | 1.37 | 1.33 | 1.88 | 1.17 |
| — | +61.6% | +38.6% | +47.8% | +542.3% | -21.5% | +8.1% | -39.8% | -90.4% | -23.9% | -54.5% | -18.2% | -1.4% | -24.4% | +54.1% | -24.6% | -2.8% | +1.6% | -37.4% | +26.7% | +13.1% | |
| EV / EBIT | 10.12 | 1.22 | 1.81 | 1.39 | 0.94 | 0.82 | 1.55 | 0.95 | 0.14 | 1.06 | 1.35 | 1.51 | 1.46 | 1.44 | 3.38 | 2.01 | 1.53 | 2.07 | 1.76 | 2.57 | 1.67 |
| — | +47.6% | +16.8% | +45.9% | +587.4% | -22.2% | +14.2% | -36.6% | -90.7% | -26.3% | -59.9% | -24.9% | -4.8% | -30.6% | +92.4% | -21.9% | -8.4% | +4.1% | -36.2% | +8.4% | +15.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.4% | 51.0% | 51.9% | 51.6% | 52.6% | 51.5% | 50.0% | 51.3% | 53.7% | 50.3% | 49.8% | 50.4% | 53.5% | 49.7% | 49.0% | 50.7% | 51.6% | 48.3% | 47.9% | 48.9% | 52.3% |
| — | -0.9% | +3.7% | +0.4% | -2.0% | +2.2% | +0.4% | +1.9% | +0.4% | +1.3% | +1.6% | -0.5% | +3.6% | +2.9% | +2.3% | +3.5% | -1.4% | -3.4% | -2.9% | -6.3% | -6.3% | |
| Operating Margin | 25.3% | 25.5% | 23.6% | 26.1% | 29.8% | 30.2% | 21.9% | 25.4% | 27.8% | 24.1% | 20.4% | 24.1% | 28.0% | 24.1% | 18.2% | 23.8% | 23.9% | 19.7% | 22.4% | 22.6% | 23.5% |
| — | -15.8% | +7.9% | +2.9% | +7.1% | +25.8% | +7.6% | +5.4% | -0.6% | -0.2% | +11.6% | +1.2% | +17.1% | +22.3% | -18.7% | +5.4% | +1.9% | -9.3% | -9.7% | -5.9% | -41.4% | |
| Net Margin | 17.6% | 19.7% | 16.8% | 16.8% | 17.5% | 22.8% | 13.5% | 16.4% | 18.1% | 15.7% | 12.0% | 18.2% | 21.9% | 19.3% | 13.2% | 18.0% | 21.9% | 15.1% | 16.5% | 18.5% | 16.4% |
| — | -13.6% | +24.3% | +2.2% | -2.9% | +45.4% | +13.2% | -10.0% | -17.8% | -18.7% | -9.7% | +1.3% | +0.3% | +27.5% | -19.8% | -2.6% | +33.5% | -21.4% | -10.1% | +17.3% | -55.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.5% | 4.7% | 3.8% | 4.2% | 4.8% | 5.1% | 2.9% | 3.8% | 4.9% | 3.6% | 2.6% | 4.4% | 5.1% | 4.4% | 2.9% | 4.4% | 5.7% | 3.5% | 3.5% | 4.2% | 4.2% |
| — | -7.8% | +30.8% | +10.8% | -2.6% | +43.8% | +10.2% | -14.3% | -3.8% | -19.3% | -9.8% | +1.4% | -10.0% | +26.7% | -18.2% | +4.9% | +35.6% | -17.8% | +0.4% | +25.7% | -52.2% | |
| ROA | 10.0% | 3.0% | 2.4% | 2.6% | 3.0% | 3.4% | 1.9% | 2.4% | 3.2% | 2.4% | 1.7% | 2.8% | 3.2% | 2.9% | 1.9% | 2.7% | 3.5% | 2.2% | 2.2% | 2.6% | 2.6% |
| — | -9.5% | +28.4% | +8.7% | -4.5% | +40.9% | +8.6% | -14.1% | -2.9% | -17.5% | -7.2% | +2.6% | -8.6% | +29.3% | -17.2% | +5.5% | +34.6% | -18.5% | +0.5% | +26.4% | -51.0% | |
| ROIC | 22.3% | 5.5% | 4.7% | 5.8% | 7.3% | 6.0% | 4.1% | 5.6% | 7.2% | 4.8% | 3.7% | 5.0% | 5.8% | 4.7% | 3.3% | 4.9% | 5.4% | 3.9% | 4.1% | 4.4% | 5.4% |
| — | -8.6% | +14.2% | +4.5% | +0.9% | +26.6% | +10.6% | +10.8% | +24.6% | +1.0% | +13.1% | +3.0% | +6.0% | +19.3% | -19.5% | +10.0% | +1.2% | -6.3% | -1.0% | -0.6% | -38.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.03 | 0.03 | 0.03 | 0.06 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| — | -4.9% | -2.1% | +1.4% | +73.8% | -8.6% | -5.9% | -22.8% | -20.6% | -15.8% | -24.1% | -4.3% | -5.3% | +8.8% | +11.8% | +19.0% | +23.8% | +1.7% | +10.1% | -36.2% | -41.6% | |
| Debt / EBITDA | 0.18 | 0.38 | 0.47 | 0.42 | 0.58 | 0.37 | 0.52 | 0.43 | 0.36 | 0.48 | 0.60 | 0.59 | 0.49 | 0.57 | 0.80 | 0.62 | 0.54 | 0.61 | 0.67 | 0.56 | 0.47 |
| — | +3.0% | -9.4% | -4.1% | +61.0% | -23.6% | -13.2% | -26.0% | -26.7% | -15.3% | -25.0% | -4.8% | -9.6% | -7.6% | +17.9% | +9.8% | +15.3% | +1.9% | +13.8% | -41.4% | -13.3% | |
| Current Ratio | 0.96 | 1.06 | 1.02 | 1.03 | 0.96 | 1.15 | 1.11 | 1.11 | 1.10 | 1.20 | 1.11 | 0.99 | 0.89 | 1.11 | 1.01 | 0.99 | 0.93 | 1.19 | 1.13 | 1.04 | 0.99 |
| — | -7.6% | -7.7% | -7.1% | -12.2% | -4.1% | -0.0% | +11.5% | +23.0% | +7.8% | +10.0% | +0.0% | -4.4% | -6.6% | -10.8% | -4.5% | -6.1% | -3.2% | -0.7% | -10.6% | -5.9% | |
| Quick Ratio | 0.73 | 0.81 | 0.76 | 0.78 | 0.73 | 0.86 | 0.80 | 0.80 | 0.86 | 0.89 | 0.78 | 0.70 | 0.66 | 0.79 | 0.65 | 0.63 | 0.61 | 0.83 | 0.76 | 0.69 | 0.71 |
| — | -5.3% | -5.0% | -2.2% | -14.9% | -2.8% | +2.8% | +14.0% | +30.9% | +12.1% | +19.0% | +11.3% | +7.0% | -4.9% | -13.8% | -9.7% | -13.6% | -9.9% | -5.8% | -19.0% | -14.2% | |
| Interest Coverage | 8.14 | 8.95 | 9.04 | 9.01 | 8.01 | 8.24 | 7.02 | 62.88 | 54.64 | 54.51 | 6.19 | 39.26 | 13.68 | 84.29 | 38.84 | 96.49 | 13.34 | 56.31 | 68.20 | 56.17 | 21.04 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ABEV stock.
Ambev S.A.'s current P/E is 15.1x. The average P/E over the last 4 quarters is 2.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ambev S.A.'s current operating margin is 25.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ambev S.A.'s business trajectory between earnings reports.