# Ambev S.A. share price today (Ambev S.A., ABEV)

> Ambev S.A.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ABEV · Consumer Staples · Beverages - Brewers · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/abev

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $2.64 (+14.3% in a year)
- P/E: 14.3×, against its own history
- Revenue (Jun 2026): BRL 20.1 B (+0.3% on a year ago)
- Profit (Jun 2026): BRL 3.4 B (+24.6% on a year ago)
- Operating margin: 23.7% (+1.8 points on a year ago)
- ROE: 18%, FY25
- ROIC: 25.3%, against a 6.2% cost of capital: +19.1 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Ambev S.A. share price today? Ambev S.A.'s share price was $2.64 at the close on 3 November 2026. It has been moving sideways for 2 weeks. That is 12.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $2 and $3, and at that close it sat 24% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 10 years the share price moved −55% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Ambev S.A. pay? Ambev S.A. declared BRL 0.27 per local share for Dec 2025, and BRL 1.11 over the last four reported quarters. It reports in Brazilian reais, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Ambev S.A. on? Ambev S.A. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Ambev S.A. profitable? Ambev S.A. earned BRL 3.4 B of net profit in the Jun 2026 quarter, +24.6% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was BRL 15.5 B. Over 4 years profit has grown 5.2% a year on average. That is 16.8% of the quarter's revenue. The same quarter a year earlier earned BRL 2.7 B. For the full year, FY25 profit was BRL 15.5 B (+7.4% on the year before). Why profit moved: revenue changed +0.3% on a year earlier and the margin moved +1.8 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +13.2% and revenue −3.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much revenue does Ambev S.A. make, and is it growing? Ambev S.A. reported BRL 20.1 B of revenue in the Jun 2026 quarter, +0.3% on the same quarter a year earlier. Over 4 years it has grown 4.9% a year on average. The last full year, FY25, came in at BRL 88.2 B. The last four reported quarters add to BRL 88.3 B. FY25 revenue was BRL 88.2 B, −1.4% on the year before. Recent pace: the last four quarters grew −3.4% on average, against 4.9% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −3.8%, against +4.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +10.1%, against +6.2% a year (accelerating). This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much of its sales does Ambev S.A. keep? Ambev S.A.'s operating margin was 23.7% in the Jun 2026 quarter, 1.8 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 22.1% and 25.5%. The latest quarter is within that range. Across 5 years it has been between 22.1% and 25.5%, and FY25's 25.5% is the highest of them. Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Ambev S.A.'s profit turning into cash? Over the last 3 years, 169% of Ambev S.A.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in BRL 24.5 B of operating cash against BRL 15.5 B of profit. After BRL 4.6 B of spending on assets, BRL 19.9 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## Where does Ambev S.A.'s cash go? Ambev S.A. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent BRL 15.3 B on assets over the last 3 years. Averaged over those years that is 5.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: BRL 15.3 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## What is Ambev S.A.'s P/E ratio, and how does it compare with its own history? Ambev S.A.'s P/E is 14.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Ambev S.A. business getting better or worse? Ambev S.A.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 22.7%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Ambev S.A. earn on its capital? Ambev S.A. earned a ROE of 18% in FY25. That is up from a low of 15% in FY24. Its return on capital used (ROIC) is 19.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 17.6% net margin and 0.61× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 17.6% net margin × 0.61× asset turnover × 1.63× leverage (assets divided by equity) ≈ 17.5% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 25.3% − 6.2% = +19.1 percentage points. The 6.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Ambev S.A. have too much debt? Ambev S.A. has total debt of BRL 2.9 B against shareholder equity of BRL 88.9 B as of Jun 2026, so its debt is 0.03× its equity, which is very little. Year by year, that ratio went from 0.04 in FY21 to 0.04 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## What is the Ambev S.A. shareholding pattern? We have no ownership or short-position figures for Ambev S.A., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 3.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Ambev S.A. from balance-sheet trouble? For Ambev S.A., the Z-score is 4.61. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.61 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Ambev S.A. rank in its industry? There is no score against its industry: Ambev S.A. is not among the largest members shown in this industry comparison for Beverages - Brewers. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Ambev S.A. compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Ambev S.A. in size? Ambev S.A. is the 2nd largest of 7 Beverages - Brewers companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Anheuser-Busch InBev SA/NV. Just below it: Fomento Económico Mexicano, S.A.B. de C.V., Constellation Brands, Inc., Molson Coors Beverage Company, The Boston Beer Company, Inc. and Compañía Cervecerías Unidas S.A. ### Beverages - Brewers companies close in size

1. [Anheuser-Busch InBev SA/NV](https://www.sectoralpha.in/us/stocks/bud) $161.1 billion
2. Ambev S.A. $41.2 billion
3. [Fomento Económico Mexicano, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/fmx) $38.5 billion
4. [Constellation Brands, Inc.](https://www.sectoralpha.in/us/stocks/stz) $23.4 billion
5. [Molson Coors Beverage Company](https://www.sectoralpha.in/us/stocks/tap) $7.8 billion
6. [The Boston Beer Company, Inc.](https://www.sectoralpha.in/us/stocks/sam) $2.1 billion
7. [Compañía Cervecerías Unidas S.A.](https://www.sectoralpha.in/us/stocks/ccu) $1.9 billion

[All 7 Beverages - Brewers companies, largest first](https://www.sectoralpha.in/us/sectors/beverages-brewers#all-companies)

### Companies close in size in other industries

1. [United Microelectronics Corporation](https://www.sectoralpha.in/us/stocks/umc) $41.6 billion · Semiconductors
2. [D.R. Horton, Inc.](https://www.sectoralpha.in/us/stocks/dhi) $41.5 billion · Residential Construction
3. Ambev S.A. $41.4 billion
4. [Microchip Technology Incorporated](https://www.sectoralpha.in/us/stocks/mchp) $41.3 billion · Semiconductors
5. [Live Nation Entertainment, Inc.](https://www.sectoralpha.in/us/stocks/lyv) $41.3 billion · Entertainment

## What else do people ask about Ambev S.A.? ### What were Ambev S.A.'s latest quarterly results? Ambev S.A. reported revenue of BRL 20.1 B and net profit of BRL 3.4 B for the Jun 2026 quarter. Revenue rose 0.3% and profit rose 24.6% compared with a year earlier. The operating margin was 23.7%, 1.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Ambev S.A.'s market cap? Ambev S.A.'s market capitalisation is $41.2 B at a stock price of $2.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ambev S.A. performing? Ambev S.A.'s share price has been moving sideways for 2 weeks. In its latest quarter, revenue rose 0.3% and profit rose 24.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running (as of 3 November 2026). ### Will Ambev S.A.'s stock price go up? This page does not forecast Ambev S.A.'s stock price. What it shows instead: the stock price is $2.64, and it has been moving sideways for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Ambev S.A. in its business cycle? Ambev S.A.'s FY25 operating margin was 25.5%, against a 5-year range of 22.1% to 25.5%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 23.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ambev S.A. story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ambev S.A. a stock worth studying right now? What the numbers show: Ambev S.A.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.