{"id":269579,"date":"2026-09-25T09:49:47","date_gmt":"2026-09-25T04:19:47","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=269579"},"modified":"2026-09-25T09:49:47","modified_gmt":"2026-09-25T04:19:47","slug":"associated-alcohols-vs-globus-spirits-vs-gm-breweries","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/","title":{"rendered":"Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Associated Alcohols and Breweries PE 15.81, mkt cap Rs 1,307 crore. Globus Spirits PE 26.37, mkt cap Rs 2,633 crore. GM Breweries PE 13.11, mkt cap Rs 2,212 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries is a side-by-side comparison of three companies from the Alcoholic Beverages (Second Fresh Set) space. On this comparison, Associated Alcohols and Breweries carries a market capitalisation of about Rs 1,307 crore against Rs 2,633 crore for Globus Spirits and Rs 2,212 crore for GM Breweries, with return on equity of 12.73%, 8.41% and 14.54% respectively. Each company&#8217;s numbers are presented here without a declared better pick, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries starts with the core numbers most investors compare within the Alcoholic Beverages (Second Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the Alcoholic Beverages (Second Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=associated-alcohols-vs-globus-spirits-vs-gm-breweries\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries_Company_Overview\" title=\"Associated Alcohols and Breweries, Globus Spirits and GM Breweries: Company Overview\">Associated Alcohols and Breweries, Globus Spirits and GM Breweries: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries_Valuation_and_Profitability_Snapshot\" title=\"Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Valuation and Profitability Snapshot\">Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries_Latest_Quarterly_Results\" title=\"Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Latest Quarterly Results\">Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#FAQs_on_Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries\" title=\"FAQs on Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries\">FAQs on Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#What_is_the_market_cap_difference_between_Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries\" title=\"What is the market cap difference between Associated Alcohols and Breweries, Globus Spirits and GM Breweries?\">What is the market cap difference between Associated Alcohols and Breweries, Globus Spirits and GM Breweries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Which_of_the_three_has_the_highest_PE_ratio\" title=\"Which of the three has the highest PE ratio?\">Which of the three has the highest PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#What_is_the_debt_to_equity_ratio_for_Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries\" title=\"What is the debt to equity ratio for Associated Alcohols and Breweries, Globus Spirits and GM Breweries?\">What is the debt to equity ratio for Associated Alcohols and Breweries, Globus Spirits and GM Breweries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Which_of_the_three_trades_at_the_highest_price_to_book_value\" title=\"Which of the three trades at the highest price to book value?\">Which of the three trades at the highest price to book value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/associated-alcohols-vs-globus-spirits-vs-gm-breweries\/#Is_one_of_Associated_Alcohols_and_Breweries_Globus_Spirits_or_GM_Breweries_better_than_the_others\" title=\"Is one of Associated Alcohols and Breweries, Globus Spirits or GM Breweries better than the others?\">Is one of Associated Alcohols and Breweries, Globus Spirits or GM Breweries better than the others?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries_Company_Overview\"><\/span><strong>Associated Alcohols and Breweries, Globus Spirits and GM Breweries: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Associated Alcohols and Breweries<\/strong> is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>Globus Spirits<\/strong> is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>GM Breweries<\/strong> is a listed Indian company in the Alcoholic Beverages (Second Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries_Valuation_and_Profitability_Snapshot\"><\/span><strong>Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/assocalcoh\/associated-alcohols-breweries-ltd-share-price-today\">Associated Alcohols and Breweries<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/globusspr\/globus-spirits-ltd-share-price-today\">Globus Spirits<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/gmbrewer\/gm-breweries-ltd-share-price-today\">GM Breweries<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 1,307 crore<\/td>\n<td>Rs 2,633 crore<\/td>\n<td>Rs 2,212 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>15.81<\/td>\n<td>26.37<\/td>\n<td>13.11<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>1.88<\/td>\n<td>2.04<\/td>\n<td>2.05<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>12.73%<\/td>\n<td>8.41%<\/td>\n<td>14.54%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>41.16<\/td>\n<td>31.74<\/td>\n<td>73.84<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.31%<\/td>\n<td>0.00%<\/td>\n<td>0.93%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.10<\/td>\n<td>0.48<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>345.94<\/td>\n<td>410.47<\/td>\n<td>471.95<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, Associated Alcohols and Breweries trades at a PE of 15.81 and a PB of 1.88, Globus Spirits at a PE of 26.37 and a PB of 2.04, while GM Breweries trades at a PE of 13.11 and a PB of 2.05. On return on equity, the three post 12.73%, 8.41% and 14.54% respectively, and on dividend yield they stand at 0.31%, 0.00% and 0.93%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries_Latest_Quarterly_Results\"><\/span><strong>Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Associated Alcohols and Breweries<\/td>\n<td>Rs 289.40 crore<\/td>\n<td>Rs 17.83 crore<\/td>\n<td>+6.4%<\/td>\n<td>+19.1%<\/td>\n<\/tr>\n<tr>\n<td>Globus Spirits<\/td>\n<td>Rs 1,153.62 crore<\/td>\n<td>Rs 27.32 crore<\/td>\n<td>+20.9%<\/td>\n<td>+34.8%<\/td>\n<\/tr>\n<tr>\n<td>GM Breweries<\/td>\n<td>Rs 808.45 crore<\/td>\n<td>Rs 37.74 crore<\/td>\n<td>+14.9%<\/td>\n<td>-2.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Associated Alcohols and Breweries, Globus Spirits and GM Breweries live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three alcoholic beverages (second fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries highlights how differently three companies in the same alcoholic beverages (second fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Associated_Alcohols_and_Breweries_vs_Globus_Spirits_vs_GM_Breweries\"><\/span><strong>FAQs on Associated Alcohols and Breweries vs Globus Spirits vs GM Breweries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries\"><\/span><strong>What is the market cap difference between Associated Alcohols and Breweries, Globus Spirits and GM Breweries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of September 2026, Associated Alcohols and Breweries has a market cap of approximately Rs 1,307 crore, Globus Spirits is at approximately Rs 2,633 crore, and GM Breweries is at approximately Rs 2,212 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_PE_ratio\"><\/span><strong>Which of the three has the highest PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among Associated Alcohols and Breweries, Globus Spirits and GM Breweries, the PE ratios stand at 15.81, 26.37 and 13.11 respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Associated Alcohols and Breweries, Globus Spirits and GM Breweries post ROE of 12.73%, 8.41% and 14.54% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Associated Alcohols and Breweries, Globus Spirits and GM Breweries carry dividend yields of 0.31%, 0.00% and 0.93% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Associated_Alcohols_and_Breweries_Globus_Spirits_and_GM_Breweries\"><\/span><strong>What is the debt to equity ratio for Associated Alcohols and Breweries, Globus Spirits and GM Breweries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Associated Alcohols and Breweries carries a debt to equity of 0.10, Globus Spirits of 0.48, and GM Breweries of 0.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_trades_at_the_highest_price_to_book_value\"><\/span><strong>Which of the three trades at the highest price to book value?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Associated Alcohols and Breweries, Globus Spirits and GM Breweries trade at price to book ratios of 1.88, 2.04 and 2.05 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_one_of_Associated_Alcohols_and_Breweries_Globus_Spirits_or_GM_Breweries_better_than_the_others\"><\/span><strong>Is one of Associated Alcohols and Breweries, Globus Spirits or GM Breweries better than the others?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Associated Alcohols and Breweries, Globus Spirits and GM Breweries?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of September 2026, Associated Alcohols and Breweries has a market cap of approximately Rs 1,307 crore, Globus Spirits is at approximately Rs 2,633 crore, and GM Breweries is at approximately Rs 2,212 crore.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Among Associated Alcohols and Breweries, Globus Spirits and GM Breweries, the PE ratios stand at 15.81, 26.37 and 13.11 respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Associated Alcohols and Breweries, Globus Spirits and GM Breweries post ROE of 12.73%, 8.41% and 14.54% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Associated Alcohols and Breweries, Globus Spirits and GM Breweries carry dividend yields of 0.31%, 0.00% and 0.93% respectively.\"}},{\"@type\":\"Question\",\"name\":\"What is the debt to equity ratio for Associated Alcohols and Breweries, Globus Spirits and GM Breweries?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Associated Alcohols and Breweries carries a debt to equity of 0.10, Globus Spirits of 0.48, and GM Breweries of 0.00.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three trades at the highest price to book value?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Associated Alcohols and Breweries, Globus Spirits and GM Breweries trade at price to book ratios of 1.88, 2.04 and 2.05 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Is one of Associated Alcohols and Breweries, Globus Spirits or GM Breweries better than the others?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This comparison does not declare one stock better than another; 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