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Multiples Take a Shot Index

Curated by Multiples, this index tracks publicly listed alcohol companies globally.

Explore the Multiples Take a Shot Index

100

public companies tracked

$1.4T

cumulative enterprise value

1.6x

median EV/NTM revenue multiple

3%

median NTM/LTM revenue growth

Index Performance

This chart shows the weighted market cap evolution over time for the Multiples Take a Shot Index constituents, indexed to 0% at the beginning of the period.

-31.8%

Multiples Take a Shot Index

Data as of 18 May 2026. Underlying financial data from FactSet and Morningstar. S&P 500 and NASDAQ data sourced from Yahoo Finance.

Key Index Metrics

This chart shows the median evolution over time of key valuation metrics for the Multiples Take a Shot Index constituents.

Valuation Benchmarks

This chart shows the regression relationship between valuation metrics across companies in the Multiples Take a Shot Index.

x-axis:
y-axis:

Data as of May 18, 2026. Companies with EV multiples above 50x and y-axis values above 250% are considered non-meaningful and excluded from calculation.

Company Rankings

This chart shows company rankings by selected metric within the Multiples Take a Shot Index.

Metric:

Data as of May 18, 2026. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.

Companies Side-by-Side

Compare key metrics between companies in the Multiples Take a Shot Index.

1:
2:
3:
Metric
LVMH
Kweichow Moutai
AB InBev
Market Cap
$262B
$246B
$158B
EV/Revenue (NTM)
3.0x
8.9x
3.3x
EV/Gross Profit (NTM)
4.5x
9.8x
5.9x
EV/EBITDA (NTM)
10.2x
13.0x
9.2x
EV/FCF (NTM)
19.8x
18.0x
16.7x
Revenue Growth
0%
5%
7%
Gross Margin (NTM)
67%
91%
57%
EBITDA Margin (NTM)
30%
68%
36%
FCF Margin (NTM)
15%
49%
20%
Rule of 40
29%
72%
45%
Rule of X
29%
78%
58%

Data as of May 18, 2026.

Cumulative Metrics

This chart shows the cumulative sum of selected metrics across all companies in the Multiples Take a Shot Index, over time.

Index Methodology

Similar to the NASDAQ 100 Index, the Multiples Take a Shot Index employs a modified market capitalization weighting scheme.

The weight process uses company-level weights, which are derived using company market capitalization.

Company weights are evaluated based on two rules:

Rule 1

No company's weight may exceed 24%.

Rule 2

The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.

If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.

Rule 1 adjustment

If no company's initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company's weight may exceed 20% of the Index.

Rule 2 adjustment

If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:

  • The aggregate weight of the companies whose Rule 1 weights exceeded 4.5% is set to 40%.
  • Companies with Rule 1 weights below 4.5% may also have their weights adjusted to keep the initial rank order of all companies.

If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.

Companies Included in the Multiples Take a Shot Index

This index tracks publicly listed companies in the alcohol and spirits industry.

FR
11.4%
$530
-4%
$262B
3.0x
0%
67%
30%
15%
29%
$448K
CN
10.8%
$196
-11%
$246B
8.9x
5%
91%
68%
49%
72%
$730K
BE
6.9%
$81
+15%
$158B
3.3x
7%
57%
36%
20%
45%
$415K
CN
3.8%
$13
-30%
$50B
3.7x
26%
77%
43%
44%
82%
$238K
BR
3.7%
$3
+27%
$49B
2.5x
5%
47%
34%
22%
38%
$414K
GB
3.4%
$20
-24%
$45B
3.4x
-1%
60%
32%
17%
30%
$678K
NL
6.0%
$77
-15%
$43B
1.6x
5%
56%
23%
10%
30%
$388K
PE
4.7%
$34B
US
3.4%
$142
-20%
$25B
3.9x
0%
52%
38%
20%
35%
$862K
CN
3.3%
$19
-28%
$24B
3.8x
1%
74%
43%
24%
41%
$410K
CN
2.7%
$13
-21%
$20B
4.4x
-1%
86%
59%
44%
53%
$990K
NL
2.7%
$70
-11%
$19B
1.0x
6%
$388K
FR
2.5%
$72
-32%
$18B
2.8x
-2%
59%
30%
13%
23%
$702K
DK
2.5%
$136
-8%
$18B
1.9x
3%
46%
22%
9%
25%
$380K
CN
2.2%
$21
-55%
$16B
3.3x
22%
45%
28%
14%
51%
$280K
JP
2.0%
$10
-19%
$14B
1.1x
8%
39%
14%
-6%
24%
$545K
JP
1.9%
$17
+27%
$13B
1.2x
0%
48%
14%
6%
16%
$438K
HK
1.8%
$1
-5%
$13B
1.7x
3%
52%
27%
14%
30%
$263K
US
1.7%
$27
-20%
$12B
3.7x
1%
58%
30%
18%
30%
$795K
CN
1.5%
$3
+7%
$11B
1.7x
4%
44%
26%
18%
29%
$215K
CN
1.5%
$8
-13%
$11B
1.5x
3%
43%
22%
13%
23%
$160K
CN
1.4%
$7
-29%
$10B
2.7x
-4%
70%
24%
14%
14%
$131K
IN
1.4%
$14
-16%
$10B
6.6x
8%
46%
19%
25%
29%
$562K
TH
1.2%
$0
-9%
$8B
1.3x
3%
16%
8%
18%
$177K
CA
1.1%
$43
-19%
$8B
$688K
US
1.1%
$41
-24%
$8B
1.2x
0%
36%
19%
10%
19%
$688K
US
1.0%
$6
-5%
$8B
2.7x
1%
60%
25%
11%
25%
$676K
CN
0.9%
$13
-37%
$7B
1.7x
1%
79%
30%
19%
27%
$206K
CN
0.7%
$4
-36%
$5B
2.6x
3%
74%
37%
27%
38%
$287K
CN
0.7%
$2
-12%
$5B
1.8x
5%
45%
20%
11%
24%
$113K
IN
0.7%
$36
+33%
$5B
6.8x
13%
46%
18%
7%
34%
$428K
CN
0.6%
$5
-11%
$4B
3.5x
8%
73%
47%
15%
54%
$111K
AU
0.6%
$2
-23%
$4B
0.8x
3%
29%
12%
6%
14%
$288K
JP
0.5%
$10
+8%
$4B
1.6x
-2%
33%
8%
33%
9%
$322K
PH
0.5%
$0
+6%
$4B
$312K
IN
0.5%
$14
-33%
$4B
3.5x
11%
44%
10%
3%
22%
$677K
CN
0.5%
$8
-8%
$4B
1.5x
2%
51%
26%
18%
27%
$316K
CN
0.5%
$1
+21%
$3B
4.8x
12%
59%
33%
42%
$47K
DK
0.4%
$63
-25%
$3B
1.6x
1%
40%
20%
9%
20%
$586K
MX
0.4%
$1
-42%
$3B
1.4x
-2%
57%
22%
15%
16%
$297K
TR
0.4%
$0
+37%
$3B
0.5x
24%
35%
17%
10%
48%
$278K
FR
0.3%
$48
-12%
$2B
2.9x
3%
67%
23%
6%
24%
$617K
AU
0.3%
$3
-49%
$2B
2.2x
-4%
45%
27%
13%
17%
$808K
VN
0.3%
$2
-5%
$2B
1.5x
1%
35%
21%
25%
$129K
CL
0.3%
$6
-18%
$2B
0.8x
-1%
7%
14%
6%
20%
$357K
NG
0.3%
$0
$2B
1.4x
19%
41%
21%
11%
46%
$476K
CN
0.3%
$3
-38%
$2B
3.3x
-1%
68%
31%
26%
$134K
US
0.3%
$175
-24%
$2B
0.9x
0%
49%
12%
4%
11%
$718K
NG
0.2%
$0
$2B
2.5x
17%
34%
22%
48%
$319K
KE
0.2%
$2
$1B
1.4x
7%
$599K
PE
0.2%
$1B
TR
0.1%
$3
-19%
$993M
$522K
MA
0.1%
$281
$795M
2.1x
7%
21%
14%
28%
$339K
KR
0.1%
$11
-17%
$789M
0.8x
0%
45%
13%
5%
14%
FI
0.1%
$36
-11%
$740M
0.8x
9%
26%
16%
7%
29%
$321K
CL
0.1%
$1
-27%
$688M
1.0x
1%
17%
19%
$408K
FR
0.1%
$10
-5%
$651M
2.2x
2%
21%
16%
19%
$317K
NG
0.1%
$0
$644M
1.4x
7%
37%
15%
35%
$551K
FR
0.1%
$98
-11%
$576M
2.4x
2%
28%
13%
30%
$864K
GB
0.1%
$1
-32%
$540M
0.5x
-5%
7%
2%
1%
$705K
FR
0.1%
$1,005
-2%
$499M
$1M
GB
0.1%
$1
+8%
$383M
1.6x
2%
23%
10%
25%
$115K
CA
0.1%
$1
+12%
$371M
0.5x
-1%
27%
7%
3%
4%
$267K
FR
0.0%
$3
-15%
$355M
1.5x
0%
8%
6%
9%
$106K
AT
0.0%
$128
$309M
$320K
SE
0.0%
$3
-26%
$300M
0.6x
9%
20%
9%
5%
26%
$2M
SE
0.0%
$13
+4%
$269M
$544K
FI
0.0%
$4
+1%
$255M
0.6x
-2%
100%
12%
4%
10%
$644K
HU
0.0%
$117
+29%
$234M
$303K
NZ
0.0%
$2
0%
$225M
2.2x
4%
47%
34%
15%
37%
DE
0.0%
$23
-21%
$209M
0.5x
1%
9%
6%
9%
$610K
FR
0.0%
$31
-26%
$208M
2.8x
9%
20%
13%
32%
$604K
IT
0.0%
$22
-9%
$204M
0.6x
2%
12%
5%
13%
$1M
MX
0.0%
$6
+28%
$191M
CL
0.0%
$0
0%
$176M
$254K
IT
0.0%
$5
+15%
$175M
2.7x
6%
14%
17%
$567K
RO
0.0%
$4
-7%
$172M
$109K
CL
0.0%
$0
$171M
$244K
IN
0.0%
$2
$141M
2.5x
10%
72%
23%
16%
33%
$78K
DE
0.0%
$42
-15%
$141M
$362K
FR
0.0%
$15
$137M
-9%
16%
38%
10%
BE
0.0%
$1,720
-19%
$129M
$275K
DE
0.0%
$16
-5%
$126M
0.4x
3%
44%
11%
3%
15%
$379K
PL
0.0%
$5
-14%
$126M
0.5x
4%
13%
5%
16%
$296K
CY
0.0%
$3
+8%
$120M
$206K
GB
0.0%
$7
+2%
$99M
1.2x
2%
15%
6%
17%
$128K
FR
0.0%
$20
+31%
$81M
0.8x
8%
7%
1%
17%
$441K
DK
0.0%
$17
-24%
$74M
$548K
GB
0.0%
$1
$68M
0.1x
-7%
39%
5%
3%
-7%
$961K
KR
0.0%
$1
$63M
DE
0.0%
$4
-18%
$38M
0.2x
-28%
44%
10%
1%
-29%
$492K
AT
0.0%
$18
+14%
$38M
$2M
FI
0.0%
$3
+0%
$29M
1.4x
11%
19%
-4%
30%
$374K
MK
0.0%
$693
+2%
$28M
$173K
CL
0.0%
$0
$21M
$107K
NZ
0.0%
$0
-17%
$20M
SE
0.0%
$3
-38%
$20M
SE
0.0%
$0
-14%
$15M
AU
0.0%
$0
-23%
$14M
$429K
DE
0.0%
$3
-1%
$13M
$215K

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