Carlsberg AS (LTS:0AI4) Dividend Payout Ratio: 0.00 (As of Dec. 2025)


LTS:0AI4 Carlsberg AS LTS:0AI4
81 GF Score
Price kr860.70
GF Value kr1,087.85
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Carlsberg AS Dividend Payout Ratio?

Carlsberg AS LTS:0AI4 -2.95% 81 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates LTS:0AI4 with a GF Score™ of 81/100 and a GF Value™ of kr1,087.85 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Carlsberg AS ranks better than 55.08% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Carlsberg AS's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

The historical rank and industry rank for Carlsberg AS's Dividend Payout Ratio or its related term are showing as below:

LTS:0AI4' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.49   Max: 0.51
Current: 0.48

During the past 13 years, the highest Dividend Payout Ratio of Carlsberg AS was 0.51. The lowest was 0.32. And the median was 0.49.

LTS:0AI4's Dividend Payout Ratio is ranked better than
55.08% of 118 companies
in the Beverages - Alcoholic industry
Industry Median: 0.51 vs LTS:0AI4: 0.48

As of today (2026-06-28), the Dividend Yield % of Carlsberg AS is 3.37%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Carlsberg AS was 3.99%. The lowest was 1.20%. And the median was 2.09%.

Carlsberg AS's Dividends per Share for the months ended in Dec. 2025 was kr0.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Carlsberg AS was 28.10% per year. The lowest was -10.30% per year. And the median was 8.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Carlsberg AS (LTS:0AI4) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Carlsberg AS Dividend Payout Ratio Related Terms

Carlsberg AS Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Carlsberg AS's Dividend Payout Ratio 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 AS Dividend Payout Ratio Chart

Carlsberg AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.49 0.51 0.49 0.50

Carlsberg AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio 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 0.00 0.93 0.00 0.93 0.00

LTS:0AI4 vs STZ, TAP: Dividend Payout Ratio Comparison

For the Beverages - Brewers subindustry, Carlsberg AS's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Beverages - Alcoholic Industry

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

* The bar in red indicates where Carlsberg AS's Dividend Payout Ratio falls into.


LTS:0AI4
81GF Score
Carlsberg AS LTS:0AI4
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carlsberg AS Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Carlsberg AS's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=27/ 54.551
=0.49

Carlsberg AS's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0/ 27.349
=0.00

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
Carlsberg AS (LTS:0AI4) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Carlsberg AS and its competitors. Over the past decade, Carlsberg AS's Dividend Payout Ratio has ranged from 0.32 to 0.51. According to the industry distribution chart, Carlsberg AS ranks #53 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 44.9%.
Is Carlsberg AS's Dividend Payout Ratio too high?
Carlsberg AS's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.51. Based on the distribution chart, Carlsberg AS ranks #53 out of 118 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 Dividend Payout Ratio compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg AS ranks #53 out of 118 companies for Dividend Payout Ratio. This puts Carlsberg AS in the upper half of its industry. The industry median Dividend Payout Ratio is 0.51. Historically, Carlsberg AS's own Dividend Payout Ratio has ranged from 0.32 to 0.51 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Beverages - Alcoholic company?
The median Dividend Payout Ratio among Beverages - Alcoholic companies is 0.51, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Carlsberg AS and its competitors. For the Beverages - Alcoholic industry, the median Dividend Payout Ratio is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg AS's current Dividend Payout Ratio is 0.00. 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 kr1,087.85, compared to a current price of kr860.70 — trading 20.9% below its estimated fair value. The current Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Carlsberg AS (LTS:0AI4), the current Dividend Payout Ratio is 0.00 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 kr860.70 is trading 20.9% below its estimated GF Value™ of kr1,087.85. GuruFocus considers Carlsberg AS to be Modestly Undervalued.

Key valuation signals for LTS:0AI4:

  • Dividend Payout Ratio: 0.00
  • GF Value™: kr1,087.85 vs. price of kr860.70 (20.9% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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 AS Business Description

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

Get the complete analysis for LTS:0AI4

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

kr860.70
Price
kr1,087.85
GF Value