Ambev S.A. (ABEV) stock

ABEVNYSEBeveragesFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Score 12/30

$2.73−0.07 (-2.50%)

Close on Nov 12, 2026Market cap $43.03BP/E 15.2Yield –

Ambev statistics

95 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: Sep 23, 2026
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: 236.21B BRL; –
Enterprise Value: 221.82B BRL; –
PE Ratio: 15.16; –
PS Ratio: 2.68; –
PB Ratio: 2.69; –
P/TBV Ratio: 6.69; –
P/FCF Ratio: 11.89; –
P/OCF Ratio: 9.66; –

Enterprise valuationIndustry

EV / Sales: 2.51; –
EV / EBITDA: 9.51; –
EV / EBIT: 9.51; –
EV / FCF: 11.17; –

Share statisticsIndustry

Shares Outstanding: 15.76B; –
Shares Change (YoY): -0.83%; –
Float: 15.73B; –
Shares Held by Insiders: 0.22%; –
Shares Held by Institutions: 8.89%; –

Short sellingIndustry

Short Interest: 100M; –
Short Interest Change: 18.9%; –
Days to Cover: 3.42; –

Stock price statisticsIndustry

Price Change (1 Week): -2.15%; –
Price Change (1 Month): -16.0%; –
Price Change (3 Months): -2.50%; –
Price Change (6 Months): -13.3%; –
Price Change (YTD): 10.5%; –
Price Change (1 Year): 7.91%; –
Price Change (3 Years): -0.36%; –
Price Change (5 Years): -13.1%; –
Price Change (10 Years): -46.7%; –
Average Volume (10 Days): 24M; –
Average Volume (20 Days): 26M; –
Average Volume (90 Days): 27M; –
Relative Volume: 1.42; –
Relative Strength Index (14): 38.5; –
Volatility (1 Year): 35.7%; –
Beta (5 Years): 0.41; –

MarginsIndustry

Gross Margin: 51.4%; –
Operating Margin: 26.4%; –
Pretax Margin: 22.0%; –
Profit Margin: 17.6%; –
EBITDA Margin: 26.4%; –
FCF Margin: 22.5%; –

Returns on capitalIndustry

Return on Equity (ROE): 16.6%; –
Return on Assets (ROA): 10.1%; –
Return on Invested Capital (ROIC): 25.2%; –
Return on Capital Employed (ROCE): 23.4%; –

Financial positionIndustry

Current Ratio: 0.96; –
Quick Ratio: 0.55; –
Debt / Equity: 0.04; –
Debt / EBITDA: 0.15; –
Debt / FCF: 0.17; –
Net Debt / EBITDA: -0.65; –
Interest Coverage: 5.29; –

GrowthIndustry

Revenue Growth (YoY): -1.35%; –
Net Income Growth (YoY): 7.39%; –
EPS Growth (YoY): 8.28%; –
FCF Growth (YoY): -6.98%; –
Revenue Growth (3Y CAGR): 3.45%; –
Revenue Growth (5Y CAGR): 8.61%; –
EPS Growth (3Y CAGR): 2.71%; –
EPS Growth (5Y CAGR): 6.63%; –

EfficiencyIndustry

Asset Turnover: 0.57; –
Inventory Turnover: 3.86; –
Revenue Per Employee: 2.23M BRL; –
Profits Per Employee: 391.44K BRL; –
Employee Count: 39,606; –
WACC: 7.44%; –

Income statement (TTM)Industry

Revenue: 88.24B BRL; –
Gross Profit: 45.38B BRL; –
Operating Income: 23.32B BRL; –
Pretax Income: 19.42B BRL; –
Net Income: 15.50B BRL; –
EBITDA: 23.32B BRL; –
EPS (Diluted): 0.99 BRL; –

Balance sheetIndustry

Cash & Short-Term Investments: 18.64B BRL; –
Total Debt: 3.39B BRL; –
Net Cash (Debt): 15.25B BRL; –
Net Cash Per Share: 0.97 BRL; –
Equity (Book Value): 87.91B BRL; –
Book Value Per Share: 5.58 BRL; –
Tangible Book Value: 35.33B BRL; –
Working Capital: -1.72B BRL; –

Cash flow (TTM)Industry

Operating Cash Flow: 24.45B BRL; –
Capital Expenditures: -4.59B BRL; –
Free Cash Flow: 19.86B BRL; –
FCF Per Share: 1.26 BRL; –

Dividends and yieldsIndustry

Earnings Yield: 6.56%; –
FCF Yield: 8.41%; –

Taxes and interestIndustry

Interest Expense: 4.41B BRL; –

Scores and fair valueIndustry

Graham Number: 11.14 BRL; –
Graham Upside: -25.7%; –
Altman Z-Score: 3.64; –
Piotroski F-Score: 6; –
Lynch Fair Value: 6.55 BRL; –
Lynch Upside: -56.3%; –

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	ABEV	S&P 500	Difference	ABEV per year	S&P 500 per year
1 month	-15.5%	-2.7%	−12.8 pts
3 months	-2.7%	-1.7%	−1.0 pts
Year to date	+11.4%	+11.9%	−0.5 pts
1 year	+8.7%	+12.0%	−3.3 pts
3 years	+15.7%	+78.2%	−62.5 pts	+5.0%	+21.2%
5 years	+9.9%	+73.2%	−63.4 pts	+1.9%	+11.6%
10 years	-23.2%	+309.6%	−332.9 pts	-2.6%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

100M ABEV shares were sold short on Oct 30, 2026, up 18.9% from the previous report. At recent volumes it would take 3.4 days to buy them back. Over the last 20 sessions, 51.7% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	99,839,479	+18.9%	29,198,502	3.4
Oct 15, 2026	83,948,691	-11.5%	26,175,011	3.2
Sep 30, 2026	94,891,141	-33.1%	17,320,918	5.5
Sep 15, 2026	141,897,409	+7.0%	25,537,442	5.6
Aug 31, 2026	132,580,802	+1.7%	36,620,976	3.6
Aug 14, 2026	130,352,548	-2.1%	33,233,730	3.9
Jul 31, 2026	133,153,517	-4.5%	25,032,184	5.3
Jul 15, 2026	139,397,771	+11.4%	23,995,116	5.8
Jun 30, 2026	125,166,409	-9.2%	27,082,779	4.6
Jun 15, 2026	137,819,004	+3.0%	25,502,456	5.4
May 29, 2026	133,769,687	-6.2%	32,049,730	4.2
May 15, 2026	142,598,643	-14.3%	32,528,917	4.4