Carabao Group PCL (BKK:CBG) EV-to-EBITDA: 14.73 (As of Aug. 31, 2026) — 45% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:CBG Carabao Group PCL BKK:CBG
93 GF Score
Price ฿54.50
GF Value ฿74.44
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Carabao Group PCL EV-to-EBITDA?

Carabao Group PCL BKK:CBG -1.36% 93 EV-to-EBITDA is 14.73 as of Aug. 31, 2026, which is 45% below its 10-year median of 26.93. GuruFocus rates BKK:CBG with a GF Score™ of 93/100 and a GF Value™ of ฿74.44 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 103 Beverages - Non-Alcoholic companies, Carabao Group PCL ranks worse than 66.99% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Carabao Group PCL's enterprise value is ฿54,376 Mil. Carabao Group PCL's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ฿3,691 Mil. Therefore, Carabao Group PCL's EV-to-EBITDA for today is 14.73.

The historical rank and industry rank for Carabao Group PCL's EV-to-EBITDA or its related term are showing as below:

BKK:CBG' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.04   Med: 26.93   Max: 73.44
Current: 14.74

During the past 13 years, the highest EV-to-EBITDA of Carabao Group PCL was 73.44. The lowest was 9.04. And the median was 26.93.

BKK:CBG's EV-to-EBITDA is ranked worse than
66.99% of 103 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.07 vs BKK:CBG: 14.74

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-31), Carabao Group PCL's stock price is ฿54.50. Carabao Group PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ฿2.110. Therefore, Carabao Group PCL's PE Ratio (TTM) for today is 25.83.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Carabao Group PCL  (BKK:CBG) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Carabao Group PCL's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=54.50/2.110
=25.83

Carabao Group PCL's share price for today is ฿54.50.
Carabao Group PCL's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2.110.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Carabao Group PCL EV-to-EBITDA Related Terms


Carabao Group PCL EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Carabao Group PCL's EV-to-EBITDA 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.

Carabao Group PCL EV-to-EBITDA Chart

Carabao Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.83 28.51 26.86 18.16 11.42

Carabao Group PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.63 12.36 11.42 10.28 12.77

BKK:CBG vs KO, PEP, MNST: EV-to-EBITDA Comparison

For the Beverages - Non-Alcoholic subindustry, Carabao Group PCL's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Carabao Group PCL EV-to-EBITDA vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Carabao Group PCL's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Carabao Group PCL's EV-to-EBITDA falls into.


BKK:CBG
93GF Score
Carabao Group PCL BKK:CBG
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carabao Group PCL EV-to-EBITDA Calculation

Carabao Group PCL's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=54376.468/3690.958
=14.73

Carabao Group PCL's current Enterprise Value is ฿54,376 Mil.
Carabao Group PCL's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿3,691 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 14.73 mean?
Carabao Group PCL (BKK:CBG) has a EV-to-EBITDA of 14.73 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Carabao Group PCL. This is 45% below median its historical median of 26.93. Over the past decade, Carabao Group PCL's EV-to-EBITDA has ranged from 9.04 to 73.44. According to the industry distribution chart, Carabao Group PCL ranks #69 out of 103 companies in the Beverages - Non-Alcoholic industry, placing it in the top 67%.
Is Carabao Group PCL's EV-to-EBITDA too high?
Carabao Group PCL's current EV-to-EBITDA of 14.73 is 45% below median its 10-year median of 26.93. Over the past 10 years, this metric has ranged from a low of 9.04 to a high of 73.44. The Beverages - Non-Alcoholic industry median EV-to-EBITDA is 11.07. Carabao Group PCL's value of 14.73 is 33.1% above this industry median. Based on the distribution chart, Carabao Group PCL ranks #69 out of 103 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Carabao Group PCL has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carabao Group PCL's EV-to-EBITDA compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Carabao Group PCL ranks #69 out of 103 companies for EV-to-EBITDA. This places Carabao Group PCL in the lower half of its industry. The industry median EV-to-EBITDA is 11.07. Carabao Group PCL's value of 14.73 is 33.1% above this benchmark. Historically, Carabao Group PCL's own EV-to-EBITDA has ranged from 9.04 to 73.44 over the past decade. While the company's 10-year median is 26.93 vs. the industry median of 11.07, Carabao Group PCL 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-EBITDA for a Beverages - Non-Alcoholic company?
The median EV-to-EBITDA among Beverages - Non-Alcoholic companies is 11.07, based on 103 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carabao Group PCL's current EV-to-EBITDA of 14.73 is 33.1% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Carabao Group PCL. For the Beverages - Non-Alcoholic industry, the median EV-to-EBITDA is 11.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carabao Group PCL's current EV-to-EBITDA is 14.73, which is 45% below median its own 10-year median of 26.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carabao Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Carabao Group PCL (BKK:CBG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿74.44, compared to a current price of ฿54.50 — trading 26.8% below its estimated fair value. The current EV-to-EBITDA is 14.73, which is 45% below median its 10-year median of 26.93 and 33.1% above the Beverages - Non-Alcoholic industry median of 11.07. Carabao Group PCL's overall GF Score™ is 93/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Carabao Group PCL (BKK:CBG), the current EV-to-EBITDA is 14.73 as of Aug. 31, 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 Carabao Group PCL (BKK:CBG) Overvalued in 2026?

Based on GuruFocus' analysis, Carabao Group PCL stock appears to be undervalued. The current stock price of ฿54.50 is trading 26.8% below its estimated GF Value™ of ฿74.44. GuruFocus considers Carabao Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:CBG:

  • EV-to-EBITDA: 14.73 (45% below median its 10-year median of 26.93)
  • GF Value™: ฿74.44 vs. price of ฿54.50 (26.8% below fair value)
  • GF Score™: 93/100 with 7 warning signs
  • Industry Position: 33.1% above the Beverages - Non-Alcoholic median (#69 of 103)

No single metric tells the full story. See the BKK:CBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carabao Group PCL Business Description

Other Exchanges CBG-F:Thailand
Address Silom Road, 393 Silom Building, 393, 7th - 10th Floor, Silom, Bangrak, Bangkok, THA, 10500
Carabao Group PCL manufactures and distributes energy drinks, water, and coffee under different brand names through its subsidiaries. It operates in three reportable segments: Manufacture and distribution of drinks under Group's trademark, Distribution of OEM products under Group's trademark, and Distribution of other products. A majority of the company's revenue is generated from the Manufacture and distribution of drinks under Group's trademark segment, which manufactures and sells carbonated and non-carbonated energy drinks, coffee, sports drinks, and vitamin-C drinks through Carabao and Woody C plus brands. Geographically, the company generates maximum revenue from the domestic market, and the rest from overseas markets like the United Kingdom, and other regions.
93GF Score

Get the complete analysis for BKK:CBG

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿54.50
Price
฿74.44
GF Value