Carlsberg ASLTS:0AI4 +1.16%81 EBITDA Margin % is 18.80% as of Dec. 2025, which is 11% below its 10-year median of 21.20. GuruFocus rates LTS:0AI4 with a GF Score™ of 81/100 and a GF Value™ of kr1,097.38 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Carlsberg AS ranks better than 72.04% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Carlsberg AS's EBITDA for the
six
months ended in Dec. 2025 was kr8,131 Mil. Carlsberg AS's Revenue for the
six
months ended in Dec. 2025 was kr43,240 Mil. Therefore, Carlsberg AS's EBITDA margin for the quarter that ended in Dec. 2025 was 18.80%.
Carlsberg AS (LTS:0AI4) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Carlsberg AS EBITDA Margin % Related Terms
Carlsberg AS EBITDA Margin % Historical Data
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The historical data trend for Carlsberg AS's EBITDA Margin % can be seen below:
* 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.
For the Beverages - Brewers subindustry, Carlsberg AS's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 AS EBITDA Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's EBITDA Margin % 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 AS (LTS:0AI4) has a EBITDA Margin % of 18.80% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Carlsberg AS and its competitors. This is 11% below median its historical median of 21.20. Over the past decade, Carlsberg AS's EBITDA Margin % has ranged from 15.04 to 25.51. According to the industry distribution chart, Carlsberg AS ranks #59 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 28%.
Is Carlsberg AS's EBITDA Margin % too high?
Carlsberg AS's current EBITDA Margin % of 18.80% is 11% below median its 10-year median of 21.20. Over the past 10 years, this metric has ranged from a low of 15.04 to a high of 25.51. The Beverages - Alcoholic industry median EBITDA Margin % is 11.17. Carlsberg AS's value of 18.80% is 68.3% above this industry median. Based on the distribution chart, Carlsberg AS ranks #59 out of 211 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Carlsberg AS 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 AS's EBITDA Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #59 out of 211 companies for EBITDA Margin %. This puts Carlsberg AS in the upper half of its industry. The industry median EBITDA Margin % is 11.17. Carlsberg AS's value of 18.80% is 68.3% above this benchmark. Historically, Carlsberg AS's own EBITDA Margin % has ranged from 15.04 to 25.51 over the past decade. While the company's 10-year median is 21.20 vs. the industry median of 11.17, Carlsberg AS has consistently been above 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 EBITDA Margin % for a Beverages - Alcoholic company?
The median EBITDA Margin % among Beverages - Alcoholic companies is 11.17, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg AS's current EBITDA Margin % of 18.80% is 68.3% above 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median EBITDA Margin % is 11.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current EBITDA Margin % is 18.80%, which is 11% below median its own 10-year median of 21.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg AS stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg AS (LTS:0AI4) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,097.38, compared to a current price of kr877.30 — trading 20.1% below its estimated fair value. The current EBITDA Margin % is 18.80%, which is 11% below median its 10-year median of 21.20 and 68.3% above the Beverages - Alcoholic industry median of 11.17. Carlsberg AS's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI4), the current EBITDA Margin % is 18.80% as of Dec. 2025. 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 AS (LTS:0AI4) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued.
The current stock price of kr877.30 is trading 20.1% below its estimated GF Value™ of kr1,097.38.
GuruFocus considers Carlsberg AS to be Modestly Undervalued.
Key valuation signals for LTS:0AI4:
EBITDA Margin %: 18.80% (11% below median its 10-year median of 21.20)
GF Value™: kr1,097.38 vs. price of kr877.30 (20.1% below fair value)
Industry Position: 68.3% above the Beverages - Alcoholic median (#59 of 211)
No single metric tells the full story. See the LTS:0AI4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg is the third-largest brewer in the world after Anheuser-Busch InBev and Heineken. It holds leading share in Scandinavia, western China, and several other markets in Asia. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2025 beverage volume was split among Western Europe (42%), Eastern Europe and India (28%), and Asia (30%).
81GF Score
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