BUD vs FMX

Anheuser-Busch Inbev SA Sponsor vs Fomento Economico Mexicano S.A. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — FMX scores higher on quality with 6.9/10 vs BUD's 1.9/10. BUD trades at $80.58 while FMX trades at $120.14. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BUD

Beverages - Brewers
Anheuser-Busch Inbev SA Sponsor
Quality
1.9
out of 10
Value Trap
Price
$80.58
Last close
Models
13/13
Active
VS

FMX

Beverages - Brewers
Fomento Economico Mexicano S.A.
Quality
6.9
out of 10
Value Trap
24
SAFE
Price
$120.14
Last close
Models
13/13
Active
BUD
2 models active
Quality 1.9/10 — below average
FMX
2 models active
Limited to 2/13 visible models

BUD vs FMX — Fair Value Comparison

BUD
$0$32$63$95 Price$80.58 Bayesian …$19.84 (-75.4%) Earnings …$10.78 (-86.9%)
FMX
$0$47$95$142 Price$120.14 Bayesian …$24.67 (-79.5%) Earnings …$58.99 (-50.9%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BUD Fair ValueBUD Upside FMX Fair ValueFMX Upside
Bayesian DCF Intrinsic $19.84 -75.4% $24.67 -79.5%
Earnings Power Value Intrinsic $10.78 -86.9% $58.99 -50.9%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

BUD vs FMX — Which Stock Is More Undervalued in 2026?

FMX scores higher with a 6.9/10 quality rating vs BUD's 1.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BUD and FMX Valuations Compare?

At $80.58, BUD trades +75.4% above its Bayesian DCF fair value of $19.84, while FMX at $120.14 trades +79.5% above its estimate of $24.67. FMX shows a wider gap between price and intrinsic value.

Quality of Company: BUD vs FMX

BUD earns a Quality of Company score of 1.9/10 compared to FMX's 6.9/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: BUD vs FMX

Review the value trap analysis for both BUD and FMX to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Beverages - Brewers

Both BUD and FMX operate in Beverages - Brewers, which has 7 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

2 of 13 MODELS UNLOCKED

You’re comparing 2 models. 11 more have an opinion.

11 hidden models compare BUD vs FMX differently — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more. Some may disagree with the 2 you see above.

11 additional fair values per stock Full confidence breakdown Live terminal — 5,000+ stocks

Bloomberg Terminal: ~$2,000/mo  ·  FactSet: ~$1,000/mo  ·  CirclFi: $0.90/day

See All 13 Models — $0.90/day

We don’t predict prices. We show you what 13 independent mathematical frameworks say a stock is worth — and let you decide.