The Boston Beer Company, Inc. (SAM) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Beverages - Alcoholic
EV/EBITDA
↓
7.24
↓-76% vs avg
5yr avg: 30.17
30Y Low6.2·High78.9
P/FCF
↓
8.76
↓-60% vs avg
5yr avg: 22.12
30Y Low9.7·High107.7
P/B Ratio
↓
2.21
↓-46% vs avg
5yr avg: 4.09
30Y Low1.8·High12.8
ROE
↑
12.3%
↓+84% vs avg
5yr avg: 6.7%
30Y Low2%·High38%
Debt/EBITDA
↓
0.16
↓-53% vs avg
5yr avg: 0.34
30Y Low0.0·High0.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SAM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Boston Beer Company, Inc. trades at 17.8x earnings, 86% below its 5-year average of 125.5x, sitting at the 7th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 5%. On a free-cash-flow basis, the stock trades at 8.8x P/FCF, 60% below the 5-year average of 22.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $2.1B | $3.5B | $4.2B | $4.1B | $6.3B | $12.2B | $4.5B | $2.8B | $2.3B | $2.2B |
| Enterprise Value | $1.7B | $1.9B | $3.4B | $4.0B | $3.9B | $6.3B | $12.1B | $4.5B | $2.7B | $2.3B | $2.1B |
| P/E Ratio → | 17.81 | 19.92 | 59.51 | 55.56 | 60.57 | 431.71 | 64.02 | 41.25 | 30.49 | 23.62 | 25.01 |
| P/S Ratio | 0.91 | 1.00 | 1.76 | 2.11 | 1.95 | 3.05 | 7.03 | 3.60 | 2.84 | 2.70 | 2.40 |
| P/B Ratio | 2.21 | 2.47 | 3.87 | 3.93 | 3.81 | 6.39 | 12.76 | 6.12 | 6.14 | 5.50 | 4.87 |
| P/FCF | 8.76 | 9.69 | 20.54 | 21.07 | 37.20 | — | 107.69 | 52.93 | 26.18 | 22.60 | 20.84 |
| P/OCF | 6.99 | 7.73 | 14.24 | 15.98 | 20.35 | 111.58 | 48.19 | 25.24 | 17.29 | 17.12 | 14.10 |
P/E links to full P/E history page with 30-year chart
SAM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Boston Beer Company, Inc.'s enterprise value stands at 7.2x EBITDA, 76% below its 5-year average of 30.2x. The Consumer Defensive sector median is 11.0x, placing the stock at a 34% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.91 | 1.68 | 1.98 | 1.89 | 3.07 | 6.98 | 3.62 | 2.73 | 2.62 | 2.30 |
| EV / EBITDA | 7.24 | 8.09 | 19.84 | 21.17 | 22.90 | 78.86 | 39.12 | 22.49 | 16.19 | 13.55 | 11.13 |
| EV / EBIT | 11.76 | 12.40 | 22.22 | 32.70 | 31.27 | 110.47 | 48.74 | 31.02 | 23.32 | 19.15 | 15.16 |
| EV / FCF | — | 8.83 | 19.54 | 19.81 | 36.04 | — | 106.88 | 53.22 | 25.18 | 21.96 | 19.97 |
SAM Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Boston Beer Company, Inc. earns an operating margin of 6.9%, above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from 5.0% to 6.9% over the past 3 years, signaling improving operational efficiency. ROE of 12.3% is modest. ROIC of 15.5% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.6% | 45.6% | 44.4% | 42.4% | 41.2% | 38.8% | 46.9% | 49.1% | 51.4% | 52.1% | 50.7% |
| Operating Margin | 6.9% | 6.9% | 3.8% | 5.0% | 4.3% | 0.4% | 14.1% | 11.6% | 11.6% | 13.4% | 15.2% |
| Net Profit Margin | 5.2% | 5.2% | 3.0% | 3.8% | 3.2% | 0.7% | 11.1% | 8.8% | 9.3% | 11.5% | 9.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 6.0% | 7.1% | 6.6% | 1.5% | 22.7% | 18.4% | 21.0% | 22.8% | 19.2% |
| ROA | 8.9% | 8.9% | 4.5% | 5.3% | 4.8% | 1.0% | 16.3% | 13.9% | 15.3% | 16.6% | 13.8% |
| ROIC | 15.5% | 15.5% | 7.3% | 8.5% | 6.9% | 0.6% | 22.5% | 19.5% | 24.5% | 24.3% | 28.5% |
| ROCE | 14.8% | 14.8% | 6.8% | 8.3% | 7.7% | 0.7% | 25.5% | 22.5% | 23.5% | 23.4% | 26.1% |
SAM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Boston Beer Company, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (95% below the sector average of 3.5x). The company holds a net cash position — cash of $223M exceeds total debt of $38M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | — | — | 0.00 |
| Debt / EBITDA | 0.16 | 0.16 | 0.23 | 0.24 | 0.31 | 0.77 | 0.23 | 0.30 | — | — | 0.00 |
| Net Debt / Equity | — | -0.22 | -0.19 | -0.23 | -0.12 | 0.04 | -0.10 | 0.03 | -0.24 | -0.15 | -0.20 |
| Net Debt / EBITDA | -0.79 | -0.79 | -1.02 | -1.35 | -0.73 | 0.43 | -0.30 | 0.12 | -0.65 | -0.39 | -0.48 |
| Debt / FCF | — | -0.86 | -1.00 | -1.26 | -1.16 | — | -0.81 | 0.29 | -1.00 | -0.64 | -0.87 |
| Interest Coverage | — | — | — | — | — | 519.76 | 1249.61 | — | — | — | — |
Net cash position: cash ($223M) exceeds total debt ($38M)
SAM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.65x means The Boston Beer Company, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.29x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.25x to 1.65x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.65 | 1.65 | 1.80 | 2.25 | 2.07 | 1.35 | 1.59 | 1.21 | 1.92 | 1.65 | 1.98 |
| Quick Ratio | 1.29 | 1.29 | 1.30 | 1.74 | 1.35 | 0.77 | 1.09 | 0.62 | 1.34 | 1.16 | 1.47 |
| Cash Ratio | 0.88 | 0.88 | 0.91 | 1.34 | 0.88 | 0.11 | 0.63 | 0.20 | 0.90 | 0.65 | 0.90 |
| Asset Turnover | — | 1.75 | 1.61 | 1.40 | 1.47 | 1.48 | 1.23 | 1.32 | 1.56 | 1.52 | 1.45 |
| Inventory Turnover | 12.26 | 12.26 | 9.55 | 9.99 | 8.27 | 8.45 | 7.04 | 5.99 | 6.88 | 8.16 | 8.51 |
| Days Sales Outstanding | — | 9.98 | 12.35 | 12.49 | 11.66 | 19.24 | 18.66 | 18.99 | 15.38 | 18.19 | 14.82 |
SAM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Boston Beer Company, Inc. returns 10.8% to shareholders annually primarily through share buybacks. The earnings yield of 5.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 5.0% | 1.7% | 1.8% | 1.7% | 0.2% | 1.6% | 2.4% | 3.3% | 4.2% | 4.0% |
| FCF Yield | 11.4% | 10.3% | 4.9% | 4.7% | 2.7% | — | 0.9% | 1.9% | 3.8% | 4.4% | 4.8% |
| Buyback Yield | 10.8% | 9.8% | 6.7% | 2.2% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 6.2% | 7.6% |
| Total Shareholder Yield | 10.8% | 9.8% | 6.7% | 2.2% | 0.0% | 0.0% | 0.0% | 0.0% | 3.1% | 6.2% | 7.6% |
| Shares Outstanding | — | $11M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $13M |
Peer Comparison
Compare SAM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SAMYou | $2B | 17.8 | 7.2 | 8.8 | 45.6% | 6.9% | 12.3% | 15.5% | 0.2 |
 TAP | $7B | -3.6 | — | 6.9 | 37.6% | -21.0% | -17.8% | -10.1% | — |
 BUD | $139B | 28.2 | 9.5 | 12.4 | 55.3% | 25.9% | 6.5% | 7.5% | 3.4 |
 STZ | $24B | -313.7 | 9.0 | 12.6 | 51.0% | 35.5% | -0.9% | 13.0% | 3.0 |
 MGPI | $351M | -3.3 | — | 4.6 | 37.2% | -17.6% | -13.9% | -6.7% | — |
 WVVI | $14M | -4.4 | -202.2 | — | 60.5% | -3.9% | -1.4% | — | 16.8 |
 CCK | $11B | 15.9 | 8.0 | 10.4 | 18.3% | 13.2% | 21.9% | 14.1% | 3.0 |
 BALL | $15B | 17.5 | 10.5 | 19.5 | 14.9% | 10.6% | 16.1% | 9.4% | 3.5 |
 SEE | $6B | 12.3 | 14.3 | 13.5 | 29.8% | 13.5% | 54.3% | 11.2% | 5.9 |
 SYY | $38B | 21.1 | 12.2 | 21.2 | 18.4% | 3.8% | 97.5% | 15.7% | 3.5 |
 PFGC | $16B | 47.5 | 15.8 | 23.1 | 11.7% | 1.3% | 7.9% | 5.7% | 5.2 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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SAM — Frequently Asked Questions
Quick answers to the most common questions about buying SAM stock.
What is The Boston Beer Company, Inc.'s P/E ratio?
The Boston Beer Company, Inc.'s current P/E ratio is 17.8x. The historical average is 32.3x. This places it at the 7th percentile of its historical range.
What is The Boston Beer Company, Inc.'s EV/EBITDA?
The Boston Beer Company, Inc.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.7x.
What is The Boston Beer Company, Inc.'s ROE?
The Boston Beer Company, Inc.'s return on equity (ROE) is 12.3%. The historical average is 16.8%.
Is SAM stock overvalued?
Based on historical data, The Boston Beer Company, Inc. is trading at a P/E of 17.8x. This is at the 7th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are The Boston Beer Company, Inc.'s profit margins?
The Boston Beer Company, Inc. has 45.6% gross margin and 6.9% operating margin.
How much debt does The Boston Beer Company, Inc. have?
The Boston Beer Company, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.