Carlsberg AS (OCSE:CARL B) Moat Score : 6/10 (As of Jul. 22, 2025)

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What is Carlsberg AS Moat Score?

Carlsberg AS has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Carlsberg AS has Narrow Moat: Carlsberg has strong brand strength and customer loyalty in the beverage industry, supported by a superior distribution network. However, intense competition limits its moat to a strong narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Carlsberg AS might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Competitive Comparison of Carlsberg AS's Moat Score

For the Beverages - Brewers subindustry, Carlsberg AS's Moat Score, along with its competitors' market caps and Moat Score 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's Moat Score Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Moat Score distribution charts can be found below:

* The bar in red indicates where Carlsberg AS's Moat Score falls into.

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Carlsberg AS (OCSE:CARL B) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

Carlsberg AS Moat Score Related Terms

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Carlsberg AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Carlsberg AS (OCSE:CARL B) » Definitions » Moat Score

Traded in Other Exchanges

CABJF:USA CABGY:USA CARLBc:UK 0AI4:UK 0AI3:UK CARL A:Denmark CBGB:Germany CBGB:Germany CBGA:Germany CARL:Austria

Address

J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799

Website

https://www.carlsberggroup.com

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 2024 beverage volume was split among Western Europe (34%), Eastern Europe and India (30%), and Asia (36%).

Carlsberg AS Headlines

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