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Carlsberg Brewery Malaysia BhdXKLS:2836 +0.70%81 Debt-to-Equity is 0.03 as of Mar. 2026, which is 93% below its 10-year median of 0.43. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.46 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 181 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks better than 90.61% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:2836'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.43 Max: 1.36
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of Carlsberg Brewery Malaysia Bhd was 1.36. The lowest was 0.03. And the median was 0.43.
XKLS:2836's Debt-to-Equity is ranked better than 90.61% of 181
companies
in the Beverages - Alcoholic industry
Industry Median: 0.37
vs XKLS:2836: 0.03
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Carlsberg Brewery Malaysia Bhd Debt-to-Equity Related Terms
Carlsberg Brewery Malaysia Bhd Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carlsberg Brewery Malaysia Bhd Debt-to-Equity Chart
For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia Bhd's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carlsberg Brewery Malaysia Bhd Debt-to-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. This is 93% below median its historical median of 0.43. Over the past decade, Carlsberg Brewery Malaysia Bhd's Debt-to-Equity has ranged from 0.03 to 1.36. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #17 out of 181 companies in the Beverages - Alcoholic industry, placing it in the top 9.4%.
Is Carlsberg Brewery Malaysia Bhd's Debt-to-Equity too high?
Carlsberg Brewery Malaysia Bhd's current Debt-to-Equity of 0.03 is 93% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.36. The Beverages - Alcoholic industry median Debt-to-Equity is 0.37. Carlsberg Brewery Malaysia Bhd's value of 0.03 is 91.9% below this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #17 out of 181 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's Debt-to-Equity compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #17 out of 181 companies for Debt-to-Equity. This places Carlsberg Brewery Malaysia Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.37. Carlsberg Brewery Malaysia Bhd's value of 0.03 is 91.9% below this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own Debt-to-Equity has ranged from 0.03 to 1.36 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.37, Carlsberg Brewery Malaysia Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Beverages - Alcoholic company?
The median Debt-to-Equity among Beverages - Alcoholic companies is 0.37, based on 181 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg Brewery Malaysia Bhd's current Debt-to-Equity of 0.03 is 91.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median Debt-to-Equity is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current Debt-to-Equity is 0.03, which is 93% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.46, compared to a current price of RM14.46 — trading 25.7% below its estimated fair value. The current Debt-to-Equity is 0.03, which is 93% below median its 10-year median of 0.43 and 91.9% below the Beverages - Alcoholic industry median of 0.37. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current Debt-to-Equity is 0.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued.
The current stock price of RM14.46 is trading 25.7% below its estimated GF Value™ of RM19.46.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
Debt-to-Equity: 0.03 (93% below median its 10-year median of 0.43)
GF Value™: RM19.46 vs. price of RM14.46 (25.7% below fair value)
Industry Position: 91.9% below the Beverages - Alcoholic median (#17 of 181)
No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
81GF Score
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