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Ambev (FRA:AMNA) Shiller PE Ratio : 11.68 (As of May. 04, 2024)


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What is Ambev Shiller PE Ratio?

As of today (2024-05-04), Ambev's current share price is €2.22. Ambev's E10 for the quarter that ended in Dec. 2023 was €0.19. Ambev's Shiller PE Ratio for today is 11.68.

The historical rank and industry rank for Ambev's Shiller PE Ratio or its related term are showing as below:

FRA:AMNA' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.72   Med: 24   Max: 54.06
Current: 12.18

During the past years, Ambev's highest Shiller PE Ratio was 54.06. The lowest was 11.72. And the median was 24.00.

FRA:AMNA's Shiller PE Ratio is ranked better than
83.58% of 134 companies
in the Beverages - Alcoholic industry
Industry Median: 23.81 vs FRA:AMNA: 12.18

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ambev's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.052. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ambev Shiller PE Ratio Historical Data

The historical data trend for Ambev's Shiller PE Ratio 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.

* Premium members only.

Ambev Shiller PE Ratio Chart

Ambev Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.13 18.77 16.37 14.34 13.51

Ambev Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio 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 14.34 13.91 14.93 12.65 13.51

Competitive Comparison of Ambev's Shiller PE Ratio

For the Beverages - Brewers subindustry, Ambev's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ambev's Shiller PE Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ambev's Shiller PE Ratio falls into.



Ambev Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ambev's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=2.22/0.19
=11.68

* 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's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Ambev's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.052/156.2729*156.2729
=0.052

Current CPI (Dec. 2023) = 156.2729.

Ambev Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.050 90.447 0.086
201406 0.046 91.838 0.078
201409 0.060 92.602 0.101
201412 0.089 94.194 0.148
201503 0.053 97.799 0.085
201506 0.046 100.006 0.072
201509 0.043 101.392 0.066
201512 0.062 104.247 0.093
201603 0.044 106.979 0.064
201606 0.034 108.851 0.049
201609 0.052 109.986 0.074
201612 0.085 110.802 0.120
201703 0.042 111.869 0.059
201706 0.035 112.115 0.049
201709 0.000 112.777 0.000
201712 0.051 114.068 0.070
201803 0.040 114.868 0.054
201806 0.033 117.038 0.044
201809 0.037 117.881 0.049
201812 0.048 118.340 0.063
201903 0.039 120.124 0.051
201906 0.036 120.977 0.047
201909 0.035 121.292 0.045
201912 0.057 123.436 0.072
202003 0.013 124.092 0.016
202006 0.013 123.557 0.016
202009 0.023 125.095 0.029
202012 0.069 129.012 0.084
202103 0.025 131.660 0.030
202106 0.030 133.871 0.035
202109 0.036 137.913 0.041
202112 0.038 141.992 0.042
202203 0.039 146.537 0.042
202206 0.035 149.784 0.037
202209 0.038 147.800 0.040
202212 0.059 150.207 0.061
202303 0.042 153.352 0.043
202306 0.030 154.519 0.030
202309 0.047 155.464 0.047
202312 0.052 156.273 0.052

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ambev  (FRA:AMNA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Ambev Shiller PE Ratio Related Terms

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Ambev (FRA:AMNA) Business Description

Traded in Other Exchanges
Address
Rua Doutor Renato Paes de Barros, 1017, 3rd 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 Interbrew (now AB InBev) a controlling interest of 61.8% as at the end of 2022.

Ambev (FRA:AMNA) Headlines

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