Ambev Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 2, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	234,824	184,649	216,110	228,568	242,713	246,228
Market Cap Growth	34.63%	-14.56%	-5.45%	-5.83%	-1.43%	-16.18%
Enterprise Value	218,580	167,834	203,494	214,301	227,345	232,227
Last Close Price	15.06	10.85	12.06	12.21	12.42	12.13
PE Ratio	14.76	12.79	14.90	15.81	19.16	21.64
Forward PE	15.46	12.12	14.40	17.62	20.13	22.38
PS Ratio	2.60	2.06	2.71	2.87	3.33	4.22
PB Ratio	2.53	1.85	2.70	2.74	2.89	3.28
P/TBV Ratio	5.77	4.42	6.99	7.11	7.70	9.39
P/FCF Ratio	11.38	8.65	11.55	16.20	15.94	17.39
P/OCF Ratio	9.35	7.08	8.74	11.07	10.60	13.06
PEG Ratio	2.52	2.85	2.15	3.21	3.21	3.21
EV/Sales Ratio	2.42	1.88	2.55	2.69	3.12	3.98
EV/EBITDA Ratio	7.77	6.28	8.68	9.59	10.64	11.26
EV/EBIT Ratio	9.51	7.75	10.80	12.15	13.15	14.27
EV/FCF Ratio	10.59	7.86	10.88	15.19	14.93	16.40
Debt / Equity Ratio	0.03	0.04	0.04	0.05	0.04	0.06
Debt / EBITDA Ratio	0.10	0.12	0.14	0.17	0.14	0.23
Debt / FCF Ratio	0.14	0.16	0.19	0.27	0.21	0.34
Asset Turnover	0.63	0.61	0.59	0.58	0.55	0.51
Inventory Turnover	4.05	4.09	3.49	3.38	3.83	3.99
Quick Ratio	0.79	0.80	0.62	0.58	0.67	0.79
Current Ratio	1.15	1.10	0.89	0.93	0.99	1.06
Return on Equity (ROE)	17.21%	16.52%	18.30%	17.80%	16.49%	17.04%
Return on Assets (ROA)	9.98%	9.18%	8.70%	7.97%	8.19%	8.97%
Return on Invested Capital (ROIC)	24.02%	23.50%	26.95%	25.12%	25.42%	24.64%
Return on Capital Employed (ROCE)	22.10%	19.20%	20.60%	18.10%	17.30%	17.70%
Earnings Yield	6.83%	7.82%	6.71%	6.33%	5.22%	4.62%
FCF Yield	8.79%	11.56%	8.66%	6.17%	6.27%	5.75%
Dividend Yield	6.63%	6.16%	6.06%	6.24%	4.86%	4.04%
Payout Ratio	91.30%	28.10%	82.21%	84.67%	87.72%	60.20%
Buyback Yield / Dilution	0.67%	0.15%	0.06%	0.06%	0.06%	0.01%
Total Shareholder Return	7.30%	6.31%	6.12%	6.30%	4.92%	4.05%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.