Ambev Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	40,973	33,417	28,837	40,293	40,455	38,304
Market Cap Growth	41.98%	15.88%	-28.43%	-0.40%	5.62%	-1.18%
Enterprise Value	38,343	30,906	26,211	37,941	37,930	35,879
Last Close Price	2.60	2.04	1.64	2.22	2.12	1.87
PE Ratio	17.09	13.94	12.79	14.90	15.81	19.16
PS Ratio	3.00	2.45	2.06	2.71	2.87	3.33
PB Ratio	2.98	2.43	1.85	2.70	2.74	2.89
P/TBV Ratio	7.50	6.12	4.42	6.99	7.11	7.70
P/FCF Ratio	13.34	10.88	8.65	11.55	16.20	15.94
P/OCF Ratio	10.84	8.84	7.08	8.74	11.07	10.60
EV/Sales Ratio	2.65	2.27	1.88	2.55	2.69	3.12
EV/EBITDA Ratio	8.19	7.34	6.28	8.68	9.59	10.64
EV/EBIT Ratio	10.37	8.89	7.75	10.80	12.15	13.15
EV/FCF Ratio	12.49	10.06	7.86	10.88	15.19	14.93
Debt / Equity Ratio	0.04	0.04	0.04	0.04	0.05	0.04
Debt / EBITDA Ratio	0.12	0.12	0.12	0.14	0.17	0.14
Debt / FCF Ratio	0.17	0.17	0.16	0.19	0.27	0.21
Net Debt / Equity Ratio	-0.19	-0.19	-0.26	-0.16	-0.14	-0.18
Net Debt / EBITDA Ratio	-0.62	-0.62	-0.99	-0.55	-0.52	-0.72
Net Debt / FCF Ratio	-0.85	-0.85	-1.24	-0.69	-0.82	-1.01
Asset Turnover	0.57	0.57	0.61	0.59	0.58	0.55
Inventory Turnover	3.86	3.86	4.09	3.49	3.38	3.83
Quick Ratio	0.66	0.66	0.80	0.62	0.58	0.67
Current Ratio	0.96	0.96	1.10	0.89	0.93	0.99
Return on Equity (ROE)	16.98%	16.98%	16.52%	18.30%	17.80%	16.49%
Return on Assets (ROA)	9.14%	9.14%	9.18%	8.70%	7.97%	8.19%
Return on Invested Capital (ROIC)	25.07%	25.52%	23.50%	26.95%	25.12%	25.42%
Return on Capital Employed (ROCE)	22.60%	22.60%	19.20%	20.60%	18.10%	17.30%
Earnings Yield	5.85%	7.17%	7.82%	6.71%	6.33%	5.22%
FCF Yield	7.49%	9.19%	11.56%	8.66%	6.17%	6.27%
Dividend Yield	6.50%	11.05%	6.36%	6.13%	6.36%	5.10%
Payout Ratio	131.99%	131.99%	28.10%	82.21%	84.67%	87.72%
Buyback Yield / Dilution	0.83%	0.83%	0.15%	0.06%	0.06%	0.06%
Total Shareholder Return	7.32%	11.88%	6.51%	6.19%	6.41%	5.16%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.