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Carlsberg ASLTS:0AI3 81 EV-to-EBIT is 15.66 as of Jul. 25, 2026, which is 5% above its 10-year median of 14.94. GuruFocus rates LTS:0AI3 with a GF Score™ of 81/100 and a GF Value™ of kr1,216.19 (Fairly Valued). The stock has 9 warning signs investors should review. Among 163 Beverages - Alcoholic companies, Carlsberg AS ranks worse than 58.9% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Carlsberg AS's Enterprise Value for the quarter that ended in Dec. 2025 was kr185,640 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was kr12,236 Mil.
* 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 EV-to-EBIT Related Terms
Carlsberg AS EV-to-EBIT Historical Data
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The historical data trend for Carlsberg AS's EV-to-EBIT 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 EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's EV-to-EBIT falls into.
Carlsberg AS's current Enterprise Value is kr191,673 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Carlsberg AS's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was kr12,236 Mil.
* 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:0AI3) has a EV-to-EBIT of 15.66 as of Jul. 25, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Carlsberg AS and its competitors. This is near median its historical median of 14.94. According to the industry distribution chart, Carlsberg AS ranks #96 out of 163 companies in the Beverages - Alcoholic industry, placing it in the top 58.9%.
Is Carlsberg AS's EV-to-EBIT too high?
Carlsberg AS's current EV-to-EBIT of 15.66 is near median its 10-year median of 14.94. The Beverages - Alcoholic industry median EV-to-EBIT is 13.87. Carlsberg AS's value of 15.66 is 12.9% above this industry median. Based on the distribution chart, Carlsberg AS ranks #96 out of 163 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Carlsberg AS has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg AS's EV-to-EBIT compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #96 out of 163 companies for EV-to-EBIT. This places Carlsberg AS in the lower half of its industry. The industry median EV-to-EBIT is 13.87. Carlsberg AS's value of 15.66 is 12.9% above this benchmark. While the company's 10-year median is 14.94 vs. the industry median of 13.87, 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 EV-to-EBIT for a Beverages - Alcoholic company?
The median EV-to-EBIT among Beverages - Alcoholic companies is 13.87, based on 163 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg AS's current EV-to-EBIT of 15.66 is 12.9% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median EV-to-EBIT is 13.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current EV-to-EBIT is 15.66, which is near median its own 10-year median of 14.94. 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:0AI3) is currently considered Fairly Valued. The stock's GF Value™ is kr1,216.19, compared to a current price of kr1,115.00 — trading 8.3% below its estimated fair value. The current EV-to-EBIT is 15.66, which is near median its 10-year median of 14.94 and 12.9% above the Beverages - Alcoholic industry median of 13.87. Carlsberg AS's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI3), the current EV-to-EBIT is 15.66 as of Jul. 25, 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 AS (LTS:0AI3) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg AS stock appears to be undervalued.
The current stock price of kr1,115.00 is trading 8.3% below its estimated GF Value™ of kr1,216.19.
GuruFocus considers Carlsberg AS to be Fairly Valued.
Key valuation signals for LTS:0AI3:
EV-to-EBIT: 15.66 (near median its 10-year median of 14.94)
GF Value™: kr1,216.19 vs. price of kr1,115.00 (8.3% below fair value)
Industry Position: 12.9% above the Beverages - Alcoholic median (#96 of 163)
No single metric tells the full story. See the LTS:0AI3 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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