Carlsberg ASLTS:0AI4 +1.16%81 Net Margin % is 6.00% as of Dec. 2025, which is 23% below its 10-year median of 7.83. 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 58.29% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Carlsberg AS's Net Income for the
six
months ended in Dec. 2025 was kr2,594 Mil. Carlsberg AS's Revenue for the
six
months ended in Dec. 2025 was kr43,240 Mil. Therefore, Carlsberg AS's net margin for the quarter that ended in Dec. 2025 was 6.00%.
The historical rank and industry rank for Carlsberg AS's Net Margin % or its related term are showing as below:
LTS:0AI4'
s Net Margin % Range Over the Past 10 Years
Min: -55.43 Med: 7.83 Max: 12.15
Current: 6.91
LTS:0AI4's Net Margin % is ranked better than 58.29% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 5.09
vs LTS:0AI4: 6.91
Carlsberg AS (LTS:0AI4) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Carlsberg AS Net Margin % Related Terms
Carlsberg AS Net Margin % Historical Data
* Premium members only.
The historical data trend for Carlsberg AS's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg AS's Net Margin % distribution charts can be found below:
* The bar in red indicates where Carlsberg AS's Net 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 Net Margin % of 6.00% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Carlsberg AS and its competitors. This is 23% below median its historical median of 7.83. According to the industry distribution chart, Carlsberg AS ranks #88 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 41.7%.
Is Carlsberg AS's Net Margin % too high?
Carlsberg AS's current Net Margin % of 6.00% is 23% below median its 10-year median of 7.83. The Beverages - Alcoholic industry median Net Margin % is 5.09. Carlsberg AS's value of 6.00% is 17.9% above this industry median. Based on the distribution chart, Carlsberg AS ranks #88 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 Net Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #88 out of 211 companies for Net Margin %. This puts Carlsberg AS in the upper half of its industry. The industry median Net Margin % is 5.09. Carlsberg AS's value of 6.00% is 17.9% above this benchmark. While the company's 10-year median is 7.83 vs. the industry median of 5.09, 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 Net Margin % for a Beverages - Alcoholic company?
The median Net Margin % among Beverages - Alcoholic companies is 5.09, based on 211 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg AS's current Net Margin % of 6.00% is 17.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median Net Margin % is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current Net Margin % is 6.00%, which is 23% below median its own 10-year median of 7.83. 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 Net Margin % is 6.00%, which is 23% below median its 10-year median of 7.83 and 17.9% above the Beverages - Alcoholic industry median of 5.09. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI4), the current Net Margin % is 6.00% 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:
Net Margin %: 6.00% (23% below median its 10-year median of 7.83)
GF Value™: kr1,097.38 vs. price of kr877.30 (20.1% below fair value)
Industry Position: 17.9% above the Beverages - Alcoholic median (#88 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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