# The Boston Beer Company Inc. (SAM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Defensive / Beverages. Price $215.46, market value $2.2 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). The Boston Beer Company Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.22**. A PEG of 0.22 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 8.5%** (5-yr avg 4.2%). Free cash flow equals 8.5% of the market value, above its five-year average of 4.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 49.1%**. The Boston Beer Company Inc. keeps 49.1% of revenue after the direct cost of what it sells.
- **Operating margin: -5.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 5.5%**. 5.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.8%**. 12.8% on shareholders' equity is solid.
- **Return on invested capital: -12.2%**. Return on all capital, debt included, is -12.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -6.1%**. Each dollar of assets produces -6.1% of profit.

## Growth
- **Revenue growth (1 yr): -2.4%** (3-yr -2.0%/yr, 5-yr 2.5%/yr). Revenue fell 2.4% over the last year, against 2.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 95.5%** (3-yr 22.0%/yr, 5-yr -8.6%/yr). Earnings per share rose 95.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 25.4%/yr**. Free cash flow has compounded at 25.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 21.9×**. It would take 21.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.65** (quick 1.65). Current assets cover the next year's liabilities 1.65 times.
- **Altman Z-score: 6.98**. A Z-score of 6.98 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. The Boston Beer Company Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (13 analysts). 13 analysts cover The Boston Beer Company Inc.; the consensus is hold, with an average price target of $198.85 (-8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.9%** (YTD 13.4%, 3-mo 18.7%). The shares are up 6.9% over twelve months including dividends.
- **From 52-week high: -18.5%** (35.8% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 84**. An RSI of 84 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): -0.13** (volatility 38%). Beta of -0.13 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SAM · Page: https://foliofundamentals.com/stocks/sam

Not investment advice.