Anheuser-Busch InBev SA/NV

BUD Consumer Defensive Beverages Brewers

Anheuser-Busch InBev SA/NV’s revenue for fiscal 2025 (year ended December 2025) was $59.3 billion, down 0.75% from fiscal 2024.

Revenue
+9.11%
EPS
+88.7%
Free cash flow
+338.5%

Quarter to September 2026, against a year earlier

85.14 1.47 +1.76%
Market cap
$149.1B
P/E
16.4×
Fwd P/E
−9.7×
Dividend yield
1.58%
F-score
7/9
Altman Z
1.40
Beneish M
−2.47
Dividend safety
43/100

Anheuser-Busch InBev SA/NV (BUD) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Anheuser-Busch InBev SA/NV (BUD) trades at a EV/EBITDA of 13.8×. Over the past ten years it has ranged from 9.9× (January 2025) to 24.7× (May 2017); the current reading is higher than 35% of that period. That is above the Beverages Brewers industry median of 10.5× and above the Consumer Defensive sector median of 9.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 12.2× 17.47%
FY2024 10.4× (26.45%)
FY2023 14.1× 7.95%
FY2022 13.1× (8.50%)
FY2021 14.3× (36.41%)
FY2020 22.4× 40.53%
FY2019 16.0× 12.49%
FY2018 14.2× (24.42%)
FY2017 18.8× (15.21%)
FY2016 22.1× 22.68%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 12.4× (9.65%)
Jun 2026 13.7× 10.38%
Mar 2026 12.4× 2.19%
Dec 2025 12.2× 2.35%
43 more quarters

Against its own ten years

Low 9.9× High 24.7×
Ten-year median 15.4×
Current reading's percentile 35

EV/EBITDA against peers

Company EV/EBITDA
SAM The Boston Beer Company, Inc. compare n/m
TAP Molson Coors Beverage Company compare 7.0×
ABEV Ambev S.A. compare 7.6×
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 10.0×
STZ Constellation Brands Inc compare 10.9×
CCU Compania Cervecerias Unidas, S.A. compare 11.6×
BUD Anheuser-Busch InBev SA/NV 13.8×
Beverages Brewers industry median 10.5×
Consumer Defensive sector median 9.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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