Carlsberg Brewery Malaysia Bhd (XKLS:2836) Enterprise Value: RM4,749 Mil (As of Jul. 17, 2026) ***

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XKLS:2836 Carlsberg Brewery Malaysia Bhd XKLS:2836
81 GF Score
Price RM16.02
GF Value RM19.38
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Carlsberg Brewery Malaysia Bhd Enterprise Value?

Carlsberg Brewery Malaysia Bhd XKLS:2836 -0.25% 81 Enterprise Value is RM4,749 Mil as of Jul. 17, 2026. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.38 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Carlsberg Brewery Malaysia Bhd's Enterprise Value is RM4,749 Mil. Carlsberg Brewery Malaysia Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was RM493 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's EV-to-EBIT ratio for today is 9.64.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Carlsberg Brewery Malaysia Bhd's Enterprise Value is RM4,749 Mil. Carlsberg Brewery Malaysia Bhd's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was RM493 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's EV-to-EBITDA ratio for today is 9.64.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Carlsberg Brewery Malaysia Bhd's Enterprise Value is RM4,749 Mil. Carlsberg Brewery Malaysia Bhd's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was RM2,303 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's EV-to-Revenue ratio for today is 2.06.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Carlsberg Brewery Malaysia Bhd's Enterprise Value is RM4,749 Mil. Carlsberg Brewery Malaysia Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was RM419 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's EV-to-OCF ratio for today is 11.33.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Carlsberg Brewery Malaysia Bhd's Enterprise Value is RM4,749 Mil. Carlsberg Brewery Malaysia Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was RM350 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's EV-to-FCF ratio for today is 13.59.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Carlsberg Brewery Malaysia Bhd  (XKLS:2836) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Carlsberg Brewery Malaysia Bhd's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4749.040/492.878
=9.64

Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil.
Carlsberg Brewery Malaysia Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM493 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Carlsberg Brewery Malaysia Bhd's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=4749.040/492.878
=9.64

Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil.
Carlsberg Brewery Malaysia Bhd's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM493 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Carlsberg Brewery Malaysia Bhd's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4749.040/2303.089
=2.06

Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil.
Carlsberg Brewery Malaysia Bhd's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM2,303 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Carlsberg Brewery Malaysia Bhd's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=4749.040/419.317
=11.33

Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil.
Carlsberg Brewery Malaysia Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM419 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Carlsberg Brewery Malaysia Bhd's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=4749.040/349.574
=13.59

Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil.
Carlsberg Brewery Malaysia Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM350 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 Brewery Malaysia Bhd Enterprise Value Related Terms


Carlsberg Brewery Malaysia Bhd Enterprise Value Historical Data

* Premium members only.

The historical data trend for Carlsberg Brewery Malaysia Bhd's Enterprise Value 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.

Carlsberg Brewery Malaysia Bhd Enterprise Value Chart

Carlsberg Brewery Malaysia Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,110.99 7,036.50 5,936.62 6,329.43 5,126.68

Carlsberg Brewery Malaysia Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 5,727.43 5,784.52 5,002.50 5,126.68 4,999.75

XKLS:2836 vs BUD, STZ, TAP: Enterprise Value Comparison

For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia Bhd's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's Enterprise Value falls into.


XKLS:2836
81GF Score
Carlsberg Brewery Malaysia Bhd XKLS:2836
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carlsberg Brewery Malaysia Bhd Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Carlsberg Brewery Malaysia Bhd's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Carlsberg Brewery Malaysia Bhd's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of RM4,749 Mil mean?
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a Enterprise Value of RM4,749 Mil as of Jul. 17, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors.
Is Carlsberg Brewery Malaysia Bhd's Enterprise Value too high?
Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil. 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 Enterprise Value compare to BUD and STZ?
Carlsberg Brewery Malaysia Bhd's Enterprise Value of RM4,749 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Beverages - Alcoholic company?
A good Enterprise Value depends on the Beverages - Alcoholic industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. Carlsberg Brewery Malaysia Bhd's current Enterprise Value is RM4,749 Mil. 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 RM19.38, compared to a current price of RM16.02 — trading 17.3% below its estimated fair value. The current Enterprise Value is RM4,749 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current Enterprise Value is RM4,749 Mil as of Jul. 17, 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 RM16.02 is trading 17.3% below its estimated GF Value™ of RM19.38. GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:2836:

  • Enterprise Value: RM4,749 Mil
  • GF Value™: RM19.38 vs. price of RM16.02 (17.3% below fair value)
  • GF Score™: 81/100 with 2 warning signs

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 Business Description

Address No. 55, Persiaran Selangor, Section 15, Shah Alam, SGR, MYS, 40200
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

Get the complete analysis for XKLS:2836

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

RM16.02
Price
RM19.38
GF Value