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The Boston Beer Company SAM
$ 183.2 -1.02%
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Quarterly report 2026-Q2
added 07-23-2026

The Boston Beer Company Financial Ratios 2025-2008 | SAM

Brief overview of The Boston Beer Company's valuation and returns

The review covers five available annual periods spanning 2021 to 2025.

The valuation comparison uses P/E 22.87x (median 59.46x), EV/EBITDA 69.1x (median 16.56x), P/S 1.26x (median 1.95x). The current ratio basket stands about 35.2% below the five-year comparison base. Earnings and risk trends should explain the discount.

The 1/P/E calculation produces a 4.4% earnings yield. It does not capture future growth or capital structure.

Capital efficiency is characterized by ROE 12.8%, ROA 9.1%, ROCE 17.1%. Overall capital returns are high. The business uses resources efficiently and provides strong fundamental support for its valuation.

Price, earnings and growth produce a PEG of 1.23x, a neutral level if forecasts are realistic.

The time from paying for inputs to receiving cash fell from 22.3 days to 11.7 days. Cash turnover improved.

Overall assessment

The Boston Beer Company's fundamental efficiency looks stronger than its current valuation relative to history. Future reports should confirm the conclusion.

Annual Financial Ratios The Boston Beer Company

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

P/E

 22.7 46.7 59.5 60.5 355.1 58.3 30.5 23.0 17.3 22.0 16.0 32.4 26.3 20.7 19.7 18.0 13.5 -

P/S

 1.3 1.4 2.3 1.9 2.5 6.4 2.7 2.1 2.0 2.1 1.6 3.3 2.5 2.1 2.5 1.9 1.0 -

EPS

 9.9 5.1 6.2 5.5 1.2 15.7 9.3 7.9 8.2 6.9 7.5 7.0 5.5 4.6 5.1 3.7 2.2 -

EV (Enterprise Value)

 2.61 B 2.91 B 4.59 B 4.24 B 5.54 B 11.4 B 3.64 B 2.2 B 1.79 B 2.01 B 1.66 B 3.03 B 1.95 B 1.27 B 1.34 B 946 M 365 M -9.07 M

EBITDA per Share

 21.5 14.4 15.4 14 6.52 25.4 22.6 19.5 18.7 14.9 20.7 19.7 15.9 13.3 7.89 7.22 5.06 -

EV/EBITDA

 11.1 17.1 24.4 24.7 69.1 29.4 16.6 12.0 9.9 9.8 7.4 15.7 13.0 10.0 12.2 9.6 5.1 -

PEG

 1.22 4.14 3.79 4.16 -107.88 9.73 1.79 -7.94 1.0 -4.58 1.96 1.11 1.51 -1.65 0.45 - - -

P/B

 2.9 3.0 4.2 3.8 5.3 11.7 4.6 4.6 4.0 4.3 3.4 6.7 6.1 5.0 7.0 5.5 - -

P/CF

 9.2 11.2 17.1 20.4 91.8 44.2 39.5 19.7 16.6 18.4 16.6 -277.8 -2648.8 42.1 24.4 13.3 6.4 -

ROE %

 12.93 6.52 7.07 6.29 1.48 20.06 14.96 20.13 23.39 19.56 21.34 20.81 23.30 24.28 35.76 30.28 17.97 -

ROA %

 9.17 4.78 5.33 4.73 1.05 13.92 10.44 14.48 17.39 14.01 15.25 14.99 15.85 16.55 24.24 19.40 - -

ROCE %

 17.12 8.29 9.28 8.50 0.81 25.52 16.59 22.31 24.72 26.34 29.23 29.61 33.29 35.33 40.80 49.02 31.34 -

Current Ratio

 3.4 3.7 4.1 4.0 3.4 3.3 1.2 1.9 1.7 2.0 2.0 1.9 1.6 1.8 1.9 2.8 - -

DSO

 2.6 7.6 11.2 9.8 11.8 14.0 18.7 14.6 17.5 17.5 20.5 23.7 21.7 21.7 23.9 7.9 - -

DIO

 37.8 38.0 41.7 44.2 40.6 46.9 60.9 53.0 44.8 42.9 45.0 42.8 58.1 61.2 54.4 - - -

DPO

 32.9 28.5 27.1 25.3 30.1 39.2 43.9 35.6 33.7 33.2 34.0 29.6 35.5 39.0 30.0 - - -

Operating Cycle

 40.4 45.6 52.9 54.0 52.4 60.9 79.5 67.6 62.2 60.4 65.5 66.5 79.9 82.9 78.3 7.9 - -

Cash Conversion Cycle

 7.5 17.1 25.9 28.7 22.3 21.7 35.7 32.1 28.5 27.2 31.4 36.8 44.4 43.9 48.3 7.9 - -

All numbers in USD currency

Quarterly Financial Ratios The Boston Beer Company

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

 4.96 -13.88 4.25 5.45 2.16 2.87 4.4 1.05 3.7 4.73 -0.73 - 2.21 4.33 -0.16 - -4.76 4.82 5.34 2.68 6.61 4.93 1.5 1.13 3.7 2.39 2.04 1.88 3.25 1.99 0.79 2.6 2.82 2.38 0.46 1.77 2.53 2.11 0.55 1.25 2.93 2.24 1.04 1.46 2.91 1.95 0.64 1.4 2 1.53 0.54 1.31 1.6 1.11 0.59 1.41 1.26 2.12 0.3

EBITDA per Share

 10.9 -16.1 5.75 7.44 5.02 3.93 5.96 3.22 5.03 6.39 0.65 - 8.05 5.8 1.42 - -1.86 9.3 7.63 - 12.3 9.13 3.08 - 8.4 5.49 3.64 - 7.31 4.84 1.87 - 7.52 5.78 1.34 - - - - - - - - - - - - - - - - - - 2.59 1.3 - 3.07 4.08 0.83

ROE %

 -2.37 -6.87 17.72 17.68 12.26 13.58 15.61 9.72 11.06 12.13 6.59 7.45 1.78 4.70 5.96 6.16 9.59 23.70 24.53 20.06 18.50 16.14 13.64 14.96 17.83 20.00 21.33 20.13 22.60 22.30 24.06 23.39 21.14 20.25 19.33 19.56 18.09 19.40 19.93 21.34 22.22 22.54 21.88 20.81 22.42 22.22 22.92 23.30 24.20 24.17 23.49 24.26 27.01 27.36 36.67 35.76 8.82 15.17 2.14

ROA %

 0.17 -1.97 12.86 12.80 8.95 9.97 11.43 7.14 8.01 8.63 4.60 5.25 1.25 3.26 4.39 4.53 6.91 16.76 17.33 13.92 12.85 11.23 9.51 10.44 12.54 14.24 15.27 14.48 16.43 16.41 17.84 17.39 15.63 14.83 14.04 14.18 13.08 13.95 14.26 15.25 15.90 16.19 15.75 14.99 15.91 15.43 15.67 15.85 16.47 16.46 16.01 16.54 18.38 18.58 24.87 24.24 5.98 10.28 1.45

ROCE %

 -2.19 -8.33 24.09 24.09 16.56 18.28 20.97 12.82 14.93 16.28 8.85 10.19 2.83 6.65 7.26 7.47 11.88 29.87 30.71 25.52 23.52 21.02 17.95 19.70 23.56 25.58 27.17 25.17 22.42 24.42 28.37 27.31 31.49 30.60 29.26 30.83 28.85 30.78 31.58 33.86 35.50 36.20 35.34 33.61 35.90 35.98 37.30 37.44 38.81 38.42 37.37 39.00 41.92 42.62 57.37 56.11 14.30 24.32 3.57

Current Ratio

 2.3 2.4 3.7 3.6 3.6 3.8 3.6 4.1 3.8 3.7 4.0 4.0 3.4 3.4 3.4 3.4 3.4 3.3 3.4 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.3 3.6 3.6 3.6 3.6 3.9 3.9 3.9 3.9 3.6 3.6 3.6 3.6 3.5 3.5 3.5 3.5 3.6 3.6 3.6 3.6 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.1

DSO

 15.1 10.3 1.9 2.1 11.2 16.5 15.6 17.2 15.6 14.9 15.2 - 16.2 16.4 16.6 - 16.0 12.8 11.2 15.5 14.5 15.8 18.3 16.5 13.1 15.6 16.0 13.8 10.1 11.4 16.2 14.9 12.5 12.4 19.9 - 13.2 13.7 18.3 - 12.1 14.1 17.4 - 12.5 14.5 19.6 - 17.7 21.1 24.7 - 17.3 19.5 22.0 - 15.7 15.8 -

DIO

 38.4 45.8 40.7 43.2 59.4 43.9 43.6 56.2 42.4 42.5 53.7 - 48.0 42.5 55.3 - 52.1 55.3 43.2 - 47.4 49.3 59.2 - 50.8 60.7 63.3 - 42.8 48.9 58.5 - 40.0 - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

 36.5 42.0 37.1 34.4 41.4 30.6 31.1 40.5 32.9 30.7 33.2 - 38.5 32.1 35.2 - 39.6 40.0 32.0 - 44.0 45.8 49.5 - 36.6 43.7 44.3 - 28.7 32.8 41.2 - 30.1 - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

 - 56.1 42.6 45.3 70.6 60.4 59.3 73.4 58.0 57.4 68.9 - 64.2 58.9 71.9 - 68.0 68.1 54.4 15.5 61.9 65.1 77.5 16.5 63.9 76.3 79.3 13.8 53.0 60.3 74.7 14.9 52.5 12.4 19.9 - 13.2 13.7 18.3 - 12.1 14.1 17.4 - 12.5 14.5 19.6 - 17.7 21.1 24.7 - 17.3 19.5 22.0 - 15.7 15.8 -

Cash Conversion Cycle

 - 14.1 5.5 10.9 29.2 29.8 28.2 32.9 25.1 26.7 35.7 - 25.7 26.8 36.7 - 28.5 28.1 22.4 15.5 17.9 19.3 28.1 16.5 27.3 32.6 35.0 13.8 24.2 27.5 33.5 14.9 22.4 12.4 19.9 - 13.2 13.7 18.3 - 12.1 14.1 17.4 - 12.5 14.5 19.6 - 17.7 21.1 24.7 - 17.3 19.5 22.0 - 15.7 15.8 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company The Boston Beer Company, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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