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ABEV vs. PEP: Ambev vs. PepsiCo Stock Comparison

How do Ambev (ABEV) and PepsiCo (PEP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and PepsiCo (PEP) both belong to the Beverages industry, though ABEV is classified under Brewers while PEP falls under Soft Drinks & Non-alcoholic Beverages.

PepsiCo (PEP) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and PepsiCo (PEP)
Profile ItemABEVPEP
NameAmbev S.A. ADRPepsiCo, Inc.
Country/RegionBrazilUnited States
GICS SectorConsumer StaplesConsumer Staples
GICS Industry GroupFood, Beverage & TobaccoFood, Beverage & Tobacco
GICS IndustryBeveragesBeverages
GICS Sub-IndustryBrewersSoft Drinks & Non-alcoholic Beverages
Market Capitalization43.01 billion USD192.61 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 5, 1997June 1, 1972
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

ABEV
PEP
GSPC
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Ambev (ABEV) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: 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 Ambev (ABEV) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and PepsiCo (PEP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Total Return (1Y)15.68%4.03%
Total Return (3Y, Annualized)5.87%-1.40%
Total Return (5Y, Annualized)1.96%0.55%

Risk Profile

Drawdown History

ABEV
PEP
GSPC
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Ambev (ABEV) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: 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 Ambev (ABEV) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Volatility (1Y, Annualized)35.89%21.68%
Beta (5Y)0.560.30
Max Drawdown (5Y)-38.91%-30.32%
Avg. Volume (3M)26.44M8.86M

Risk-Adjusted Performance

Risk-Return Positioning

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ABEV and PEP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Sharpe Ratio (1Y)0.32-0.01
Sortino Ratio (1Y)0.47-0.02

Profitability

ROE (TTM)

Both companies show strong equity returns, but PepsiCo (PEP) at 52.19% is the standout with ROE above its industry range; Ambev (ABEV) at 17.65% also sits in the top quartile.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max
32.02%
ABEV
17.65%
Q3
16.61%
Median
10.05%
Q1
4.10%
Min
-10.50%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP
52.19%
Max
32.02%
Q3
16.61%
Median
10.05%
Q1
4.10%
Min
-10.50%
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Ambev (ABEV) at 17.69% retains a top-quartile share of revenue as profit, ahead of PepsiCo (PEP) at 11.09%, which keeps about the industry-typical share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max
24.83%
ABEV
17.69%
Q3
11.22%
Median
5.94%
Q1
2.05%
Min
-11.49%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max
24.83%
Q3
11.22%
PEP
11.09%
Median
5.94%
Q1
2.05%
Min
-11.49%
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Ambev (ABEV) at 25.56% operates in the top operating margin quartile, ahead of PepsiCo (PEP) at 16.88%, which runs around its industry’s norm.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max
34.91%
ABEV
25.56%
Q3
17.57%
Median
11.06%
Q1
4.15%
Min
-15.06%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max
34.91%
Q3
17.57%
PEP
16.88%
Median
11.06%
Q1
4.15%
Min
-15.06%
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
ROE (TTM)17.65%52.19%
ROA (TTM)10.27%9.02%
Net Margin (TTM)17.69%11.09%
Operating Margin (TTM)25.56%16.88%
Gross Margin (TTM)51.78%54.33%

Growth

Revenue Growth

PepsiCo (PEP) at 2.25% is around its peer norm for revenue growth, while Ambev (ABEV) at -1.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ambev (ABEV) at 2.20% and PepsiCo (PEP) at -13.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Revenue Growth (YoY)-1.35%2.25%
Revenue Growth (3Y CAGR)3.45%2.83%
EPS Growth (YoY)2.20%-13.67%
EPS Growth (3Y CAGR)0.00%-2.23%

Financial Strength

Current Ratio (MRQ)

Ambev (ABEV) at 1.06 keeps current ratio within its industry’s typical mid-range, while PepsiCo (PEP) at 0.94 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PEP.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max
4.01
Q3
2.35
Median
1.53
ABEV
1.06
Q1
1.02
Min
0.33

PEP

Food, Beverage & Tobacco industry group

0.94

Max
4.01
Q3
2.35
Median
1.53
Q1
1.02
PEP
0.94
Min
0.33
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower quartile, while PepsiCo (PEP) at 2.31 is above its industry debt-to-equity ratio range.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max
2.19
Q3
1.11
Median
0.68
Q1
0.33
ABEV
0.03
Min
0.00

PEP

Food, Beverage & Tobacco industry group

2.31

PEP
2.31
Max
2.19
Q3
1.11
Median
0.68
Q1
0.33
Min
0.00
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Current Ratio (MRQ)1.060.94
Debt / Equity (MRQ)0.032.31
Net Debt / EBITDA-0.722.12

Dividends

Dividend Yield (TTM)

PepsiCo (PEP) at 4.07% earns its spot in the top quartile of its industry’s yields; Ambev (ABEV) at 9.64% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV
9.64%
Max
9.38%
Q3
3.77%
Median
1.76%
Q1
0.00%
Min
0.00%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max
9.38%
PEP
4.07%
Q3
3.77%
Median
1.76%
Q1
0.00%
Min
0.00%
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ambev (ABEV) at 74.21% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max
199.19%
Q3
81.03%
ABEV
74.21%
Median
41.52%
Q1
0.00%
Min
0.00%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max
199.19%
Q3
81.03%
PEP
73.02%
Median
41.52%
Q1
0.00%
Min
0.00%
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
Dividend Yield (TTM)9.64%4.07%
Dividend Payout Ratio (TTM)74.21%73.02%

Valuation

P/E Ratio (TTM)

Both Ambev (ABEV) at 14.68 and PepsiCo (PEP) at 17.78 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max
52.52
Q3
30.78
Median
18.76
ABEV
14.68
Q1
12.77
Min
4.72

PEP

Food, Beverage & Tobacco industry group

17.78

Max
52.52
Q3
30.78
Median
18.76
PEP
17.78
Q1
12.77
Min
4.72
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while PepsiCo (PEP) at 1.96 prices around its industry’s middle — ABEV costs less per dollar of sales, though read it alongside growth and margins.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max
4.64
Q3
2.27
Median
1.17
Q1
0.52
ABEV
0.48
Min
0.00

PEP

Food, Beverage & Tobacco industry group

1.96

Max
4.64
Q3
2.27
PEP
1.96
Median
1.17
Q1
0.52
Min
0.00
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Ambev (ABEV) at 2.38 sits near its industry’s typical P/B ratio, while PepsiCo (PEP) at 8.65 prices above its benchmark range — PEP looks rich relative to book.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max
6.35
Q3
3.07
ABEV
2.38
Median
1.58
Q1
0.82
Min
0.00

PEP

Food, Beverage & Tobacco industry group

8.65

PEP
8.65
Max
6.35
Q3
3.07
Median
1.58
Q1
0.82
Min
0.00
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Ambev (ABEV) vs. PepsiCo (PEP): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and PepsiCo (PEP)
MetricABEVPEP
P/E Ratio (TTM)14.6817.78
P/S Ratio (TTM)0.481.96
P/B Ratio (MRQ)2.388.65
Free Cash Flow Yield (TTM)48.96%4.70%