| 1 | Ambev S.A. (ABEV3.SA) | 9/10 | 12.2x |
| 2 | China Resources Beer (Holdings) Company Limited (0291.HK) | 9/10 | 14.4x |
| 3 | Tibet Development Co., Ltd. (000752.SZ) | 9/10 | 28.0x |
| 4 | Türk Tuborg Bira ve Malt Sanayii A.S. (TBORG.IS) | 8/10 | n.d. |
| 5 | Royal Unibrew A/S (RBREW.CO) | 8/10 | 15.5x |
| 6 | Anheuser-Busch InBev SA/NV (ANH.JO) | 8/10 | 14.8x |
| 7 | Anheuser-Busch InBev SA/NV (ABI.BR) | 8/10 | 13.1x |
| 8 | Ambev SA (ABEV) | 8/10 | 11.2x |
| 9 | FuJian YanJing HuiQuan Brewery Co.,Ltd (600573.SS) | 8/10 | 29.4x |
| 10 | San Miguel Brewery Hong Kong Limited (0236.HK) | 8/10 | 4.8x |
| 11 | Gansu Huangtai Wine-Marketing Industry Co.,Ltd (000995.SZ) | 8/10 | 80.5x |
| 12 | Beijing Yanjing Brewery Co.,Ltd. (000729.SZ) | 8/10 | 22.4x |
| 13 | Saigon Beer - Alcohol - Beverage Corporation (SAB.VN) | 7/10 | 15.4x |
| 14 | PT Multi Bintang Indonesia Tbk (MLBI.JK) | 7/10 | 12.0x |
| 15 | Gurktaler Aktiengesellschaft (GAGV.VI) | 7/10 | n.d. |
| 16 | Gurktaler Aktiengesellschaft (GAGS.VI) | 7/10 | n.d. |
| 17 | PT Delta Djakarta Tbk (DLTA.JK) | 7/10 | 6.3x |
| 18 | Chongqing Brewery Co., Ltd. (600132.SS) | 7/10 | 8.4x |
| 19 | GDH Supertime Group Company Limited (001338.SZ) | 7/10 | 3.3x |
| 20 | Boston Beer Company Inc (SAM) | 6/10 | 11.0x |
| 21 | Malteries Franco-Belges Société Anonyme (MALT.PA) | 6/10 | 73.7x |
| 22 | Carlsberg A/S (CARL-B.CO) | 6/10 | 15.9x |
| 23 | Budweiser Brewing Company APAC Limited (1876.HK) | 6/10 | 15.0x |
| 24 | Tsingtao Brewery Company Limited (0168.HK) | 6/10 | 20.2x |
| 25 | Guangzhou Zhujiang Brewery Co., Ltd (002461.SZ) | 6/10 | 87.7x |
| 26 | Lanzhou Huanghe Enterprise Co., Ltd (000929.SZ) | 6/10 | n.d. |
| 27 | Thai Beverage Public Company Limited (THAIBEV19.BK) | 5/9 | n.d. |
| 28 | Sai Gon - Mien Trung Beer Joint Stock Company (SMB.VN) | 5/9 | n.d. |
| 29 | United Breweries Limited (UBL.NS) | 5/10 | n.d. |
| 30 | Molson Coors Beverage Co (TAP) | 5/10 | 7.2x |
| 31 | Som Distilleries & Breweries Limited (SDBL.NS) | 5/10 | n.d. |
| 32 | Heineken Holding N.V. (HEIO.AS) | 5/10 | 7.8x |
| 33 | Heineken N.V. (HEIA.AS) | 5/10 | 16.5x |
| 34 | Fomento Economico Mexicano SAB de CV (FMX) | 5/10 | 10.3x |
| 35 | C&C Group plc (CCR.L) | 5/10 | 16.4x |
| 36 | Hanoi Beer Alcohol and Beverage Joint Stock Corporation (BHN.VN) | 5/10 | 16.1x |
| 37 | Sichuan Swellfun Co.,Ltd (600779.SS) | 5/10 | n.d. |
| 38 | Tsingtao Brewery Company Limited (600600.SS) | 5/10 | 29.2x |
| 39 | Hainan Yedao (Group) Co.,Ltd (600238.SS) | 5/10 | 23.8x |
| 40 | Orion Breweries, Ltd. (409A.T) | 5/10 | n.d. |
| 41 | Kirin Holdings Company, Limited (2503.T) | 5/10 | 39.5x |
| 42 | Asahi Group Holdings, Ltd. (2502.T) | 5/10 | n.d. |
| 43 | Sapporo Breweries Limited (2501.T) | 5/10 | 23.0x |
| 44 | Constellation Brands Inc (STZ) | 4/10 | 11.1x |
| 45 | PT Lovina Beach Brewery Tbk (STRK.JK) | 4/10 | n.d. |
| 46 | Brouwerij Handelsmaatschappij NV (COBH.BR) | 4/10 | n.d. |
| 47 | Compania Cervecerias Unidas SA (CCU) | 4/10 | 15.1x |
| 48 | Big Rock Brewery Inc. (BR.TO) | 4/10 | n.d. |
| 49 | Yamaya Corporation (9994.T) | 4/10 | 10.5x |
| 50 | Takara Holdings Inc. (2531.T) | 4/10 | n.d. |
| 51 | 5100 Xizang Glacier Company Limited (1115.HK) | 4/10 | 25.1x |
| 52 | Hitejinro Holdings Co., Ltd. (000145.KS) | 3/10 | 2.9x |
| 53 | Hitejinro Holdings Co., Ltd. (000140.KS) | 3/10 | 2.5x |