Anheuser-Busch InBev (BUD) Stock Analysis

September 7, 2026

This is a peer-relative look at Anheuser-Busch InBev (BUD): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Food, Beverage & Tobacco peers, so every number reads in context rather than in isolation.

Company Profile

Anheuser-Busch InBev (BUD) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Anheuser-Busch InBev (BUD)
Profile Item	BUD
Name	Anheuser-Busch InBev SA/NV Sponsored ADR
Country/Region	Belgium
GICS Sector	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco
GICS Industry	Beverages
GICS Sub-Industry	Brewers
Market Capitalization	158.22 billion USD
Currency	USD
Exchange	NYSE
Listing Date	July 1, 2009
Security Type	ADR

Price Performance

Cumulative Growth

BUD

GSPC

Anheuser-Busch InBev (BUD) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Anheuser-Busch InBev (BUD) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Anheuser-Busch InBev (BUD) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Total Return (1Y)	37.81%	-1.92%
Total Return (3Y, Annualized)	14.43%	1.84%
Total Return (5Y, Annualized)	7.54%	0.85%

Risk Profile

Drawdown History

BUD

GSPC

Anheuser-Busch InBev (BUD) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Anheuser-Busch InBev (BUD) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Volatility (1Y, Annualized)	23.28%	31.87%
Beta (5Y)	0.57	0.43
Max Drawdown (5Y)	-33.13%	-50.63%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BUD is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Sharpe Ratio (1Y)	1.45	-0.27
Sortino Ratio (1Y)	2.28	-0.35

Profitability

ROE (TTM)

Anheuser-Busch InBev (BUD) posts ROE of 11.39%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BUD

Food, Beverage & Tobacco industry group

11.39%

Group distribution

Max: 34.02%
Q3: 17.19%
BUD: 11.39%
Median: 10.87%
Q1: 3.87%
Min: -16.01%

Largest peers

PEP: 51.51%
KO: 42.05%
MNST: 25.70%
BTI: 13.42%
BUD: 11.39%
PM: --
MO: --

Where Anheuser-Busch InBev (BUD) stands on ROE within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Anheuser-Busch InBev (BUD) keeps 14.90% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

BUD

Food, Beverage & Tobacco industry group

14.90%

Group distribution

Max: 25.56%
BUD: 14.90%
Q3: 11.22%
Median: 4.88%
Q1: 1.19%
Min: -13.81%

Largest peers

MO: 39.00%
KO: 28.56%
PM: 25.56%
BTI: 24.99%
MNST: 23.08%
BUD: 14.90%
PEP: 10.79%

Where Anheuser-Busch InBev (BUD) stands on net margin within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Anheuser-Busch InBev (BUD) turns 27.34% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

BUD

Food, Beverage & Tobacco industry group

27.34%

Group distribution

Max: 35.93%
BUD: 27.34%
Q3: 17.10%
Median: 11.06%
Q1: 3.99%
Min: -11.04%

Largest peers

MO: 61.46%
PM: 40.00%
BTI: 34.91%
KO: 34.87%
MNST: 29.18%
BUD: 27.34%
PEP: 16.84%

Where Anheuser-Busch InBev (BUD) stands on operating margin within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
ROE (TTM)	11.39%	10.87%
ROA (TTM)	4.88%	5.31%
Net Margin (TTM)	14.90%	4.88%
Operating Margin (TTM)	27.34%	11.06%
Gross Margin (TTM)	56.49%	34.72%

Growth

Revenue Growth

Anheuser-Busch InBev (BUD) grew revenue -0.75%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Anheuser-Busch InBev (BUD): Revenue Growth across different time periods, set against Food, Beverage & Tobacco industry-group medians.

EPS Growth

Anheuser-Busch InBev (BUD) grew earnings per share 16.10%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Anheuser-Busch InBev (BUD): EPS Growth across different time periods, set against Food, Beverage & Tobacco industry-group medians.

Growth Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Revenue Growth (YoY)	-0.75%	3.00%
Revenue Growth (3Y CAGR)	0.88%	2.67%
EPS Growth (YoY)	16.10%	-2.63%
EPS Growth (3Y CAGR)	5.22%	0.98%

Financial Strength

Current Ratio (MRQ)

Anheuser-Busch InBev (BUD) has current ratio of 0.66, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

BUD

Food, Beverage & Tobacco industry group

0.66

Group distribution

Max: 4.39
Q3: 2.48
Median: 1.53
Q1: 1.00
BUD: 0.66
Min: 0.43

Largest peers

MNST: 3.73
KO: 1.31
PM: 0.98
PEP: 0.93
BTI: 0.84
BUD: 0.66
MO: 0.52

Where Anheuser-Busch InBev (BUD) stands on current ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Anheuser-Busch InBev (BUD) has debt-to-equity ratio of 0.72, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

BUD

Food, Beverage & Tobacco industry group

0.72

Group distribution

Max: 2.21
Q3: 1.13
BUD: 0.72
Median: 0.71
Q1: 0.31
Min: 0.00

Largest peers

PEP: 2.39
KO: 1.16
BTI: 0.72
BUD: 0.72
MNST: 0.01
PM: --
MO: --

Where Anheuser-Busch InBev (BUD) stands on debt-to-equity ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Current Ratio (MRQ)	0.66	1.53
Debt / Equity (MRQ)	0.72	0.71
Net Debt / EBITDA	3.28	2.37

Dividends

Dividend Yield (TTM)

Anheuser-Busch InBev (BUD) has dividend yield of 1.46%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

BUD

Food, Beverage & Tobacco industry group

1.46%

Group distribution

Max: 8.96%
Q3: 3.75%
Median: 2.35%
BUD: 1.46%
Q1: 0.00%
Min: 0.00%

Largest peers

MO: 6.10%
BTI: 4.38%
PEP: 4.15%
PM: 3.16%
KO: 2.34%
BUD: 1.46%
MNST: 0.00%

Where Anheuser-Busch InBev (BUD) stands on dividend yield within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Anheuser-Busch InBev (BUD) has payout ratio of 29.00%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

BUD

Food, Beverage & Tobacco industry group

29.00%

Group distribution

Max: 188.31%
Q3: 81.68%
Median: 46.29%
BUD: 29.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MO: 89.26%
BTI: 84.51%
PM: 80.73%
PEP: 75.33%
KO: 62.46%
BUD: 29.00%
MNST: 0.00%

Where Anheuser-Busch InBev (BUD) stands on payout ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
Dividend Yield (TTM)	1.46%	2.35%
Dividend Payout Ratio (TTM)	29.00%	46.29%

Valuation

P/E Ratio (TTM)

Anheuser-Busch InBev (BUD) trades at P/E ratio of 17.32, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BUD

Food, Beverage & Tobacco industry group

17.32

Group distribution

Max: 45.24
Q3: 30.64
Median: 18.56
BUD: 17.32
Q1: 14.03
Min: 2.48

Largest peers

MNST: 40.57
KO: 26.45
PM: 25.07
PEP: 18.06
BUD: 17.32
MO: 14.50
BTI: 14.12

Where Anheuser-Busch InBev (BUD) stands on P/E ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Anheuser-Busch InBev (BUD) trades at 2.53 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

BUD

Food, Beverage & Tobacco industry group

2.53

Group distribution

Max: 4.63
BUD: 2.53
Q3: 2.26
Median: 1.03
Q1: 0.54
Min: 0.00

Largest peers

MNST: 9.31
KO: 7.56
PM: 6.69
MO: 5.63
BTI: 4.63
BUD: 2.53
PEP: 1.94

Where Anheuser-Busch InBev (BUD) stands on P/S ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Anheuser-Busch InBev (BUD) trades at 10.15 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

BUD

Food, Beverage & Tobacco industry group

10.15

Group distribution

BUD: 10.15
Max: 4.89
Q3: 3.16
Median: 1.77
Q1: 0.99
Min: 0.00

Largest peers

KO: 10.48
BUD: 10.15
BTI: 9.54
MNST: 9.17
PEP: 8.51
PM: -33.15
MO: -43.10

Where Anheuser-Busch InBev (BUD) stands on P/B ratio within its Food, Beverage & Tobacco peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Anheuser-Busch InBev (BUD) metric values compared with Food, Beverage & Tobacco industry-group medians
Metric	Current stock: BUD	Industry group median
P/E Ratio (TTM)	17.32	18.56
P/S Ratio (TTM)	2.53	1.03
P/B Ratio (MRQ)	10.15	1.77
Free Cash Flow Yield (TTM)	6.76%	5.06%